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MHA Issues Unlock 2 Guidelines: Libraries, Colleges, Cinema Halls, Gymnasiums, Metro Rail, Etc., to Remain Closed Until 31 July [READ ORDER]
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MHA Issues Unlock 2 Guidelines: Libraries, Colleges, Cinema Halls, Gymnasiums, Metro Rail, Etc., to Remain Closed Until 31 July [READ ORDER] Like

Team SoOLEGAL   |   30 Jun 2020 9:35pm

On Monday, 29th June 2020, the Ministry of Home Affairs released instructions for "Unlock 2," extending the lockout in containment zones until 31st July 2020.In line with this, the following practices would be prohibited outside the exclusion zones:Schools, colleges, educational institutions, and coaching institutions…

Union Government Bans 59 Chinese Applications Including Tiktok And Camscanner But They Won't Disappear Overnight
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Union Government Bans 59 Chinese Applications Including Tiktok And Camscanner But They Won't Disappear Overnight Like

Team SoOLEGAL   |   30 Jun 2020 9:20pm

India and China, two strong Asian countries have been engaged in an intense border struggle since May 2020. The core of this dispute is the Line of Actual Control (LAC) between Ladakh, India, and Aksai Chin. This line was drawn…

Consumer Court: Insurance Claim can't be denied on the ground of delay in reporting Theft
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Consumer Court: Insurance Claim can't be denied on the ground of delay in reporting Theft Like

Team SoOLEGAL   |   30 Jun 2020 3:17pm

On January 25, 2016, a vehicle of Satish R, who is the petitioner, got stolen from his locality and after knowing about the theft of his vehicle he immediately informed the incident to Attibele police station. After a thorough search…

Functioning of Delhi High Court and Subordinate Courts Restricted till 15th July 2020 [READ ORDER]
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Functioning of Delhi High Court and Subordinate Courts Restricted till 15th July 2020 [READ ORDER] Like

Team SoOLEGAL   |   30 Jun 2020 2:29am

On Monday, 29th June 2020, the Delhi High Court decided to restrict its functioning as also of the district and subordinate courts to urgent matters till 15th July 2020, in the light of current rising cases of corona positive patients.…

ED OBJECTS TO FILING OF CLOSURE REPORT IN JET AIRWAYS CHEATING CASE
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ED OBJECTS TO FILING OF CLOSURE REPORT IN JET AIRWAYS CHEATING CASE Like

Team SoOLEGAL   |   30 Jun 2020 2:08am

The Enforcement Directorate (ED), India’s economic intelligence agency which keeps a check on compliance and breach of economic laws has opposed Mumbai Police’s decision of filing a closure report in a case of cheating registered against the airline Jet Airways,…

Government to dilute moratorium order under Banking Regulation Act 1949 after YES bank experience
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Government to dilute moratorium order under Banking Regulation Act 1949 after YES bank experience Like

Team SoOLEGAL   |   30 Jun 2020 1:53am

The Central government on 27th June 2020 brought in significant changes to the Banking Regulation Act by way of an ordinance. It is with reference to RBI and Centre’s mandate to impose a moratorium on banking services when a bank…

DISPUTE ARISES IN THE HINDUJA BUSINESS FAMILY, PUTS $11 BILLION EMPIRE AT STAKE
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DISPUTE ARISES IN THE HINDUJA BUSINESS FAMILY, PUTS $11 BILLION EMPIRE AT STAKE Like

Team SoOLEGAL   |   30 Jun 2020 1:20am

Known as one of the wealthiest families in the world, the Hinduja family has established its presence in the business scenario in more than 38 countries. Their empire is estimated to be valued approximately at 11 billion US dollars. The…

Softbank Repurchases Corporate Bonds Worth $1.9 Billion
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Softbank Repurchases Corporate Bonds Worth $1.9 Billion Like

Team SoOLEGAL   |   30 Jun 2020 1:15am

On 29th June 2020, Softbank Group Corp of Japan announced that it will repurchase up to 200 billion yen (USD 1.9 billion) of its domestic unsecured corporate bonds, as a part of its plan to pay down debt, from 30th…

RBI to Extend Enhanced Borrowing Limit till 30th September under MSF
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RBI to Extend Enhanced Borrowing Limit till 30th September under MSF Like

Team SoOLEGAL   |   30 Jun 2020 12:34am

The Reserve Bank of India announced on Saturday, 27th June 2020, that it will extend the enhanced borrowing facility provided to the banks to meet their liquidity shortages till 30th September 2020. The move has been taken in the view of…

SEBI to recruit executive directors for effective execution of its regulatory work
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SEBI to recruit executive directors for effective execution of its regulatory work Like

Team SoOLEGAL   |   29 Jun 2020 10:12pm

SEBI has started the process for recruiting 2 executive directors for faster and more effective execution of its regulatory work.The appointment of executive directors will be either on a contractual or deputation basis for 3 years, the regulator said in…

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