IFCI LTD

Whether IFCI Ltd being a Public Financial Institution, is liable to make disclosures for invocation of pledge under SAST Regulations and PIT Regulations - YES: SEBI

Whether on failure to make such required disclosures monetary penalty can be imposed u/s 15 A (b) of the SEBI Act - YES: SEBI

- Directions Issued: SEBI

Hindalco Industries Ltd Vs White Metals Industries Pvt Ltd

Whether when plaintiff fails to respond to defendant's request to reconcile the accounts, whether the defendent's claim of clear admission of liability w.r.t. invoices raised by plaintiff, is not acceptable - YES: HC

Whether when defendant continues to accept supply on the changed price mechanism without objection, despite being at liberty to exit from agreement due to unilateral deviation, whether the defendant is not allowed to make a counter claim, to the effect that the plaintiff raised inflated invoices on the actual market price - YES: HC

- Order passed partly in favour of plaintiff: DELHI HIGH COURT

Karnataka Bank crosses landmark business of Rs One lakh crore

L&T Construction gets orders of Rs.1600 Crore

SEBI (Settlement of Administrative and Civil Proceedings) (Second Amendment) Regulations-2017