Mumbai court blocks Future Enterprises from selling stake in Generali JV
DNA| Mumbai Civil Court: An Indian court has blocked Future Enterprises from selling its stake in its general insurance joint venture business with Italy’s Generali, following a legal challenge by a group representing bondholders, two sources familiar with the matter told Reuters. Future Enterprises said in January that it had decided to sell its 25% stake in Future Generali India Insurance Company to Generali.
HC instructs forest department to give heritage status to Himayat Bagh trees
TIMES OF INDIA| Aurangabad Bench of Mumbai High Court: “The process shall be initiated immediately and progress in this regard would be placed on record before the next date,” the two-member bench of Justice S V Gangapurwala and Justice S G Dige said, while scheduling the next hearing of the PIL that seeks biodiversity and heritage tags for Himayat Bagh under relevant laws on March 30.
Who is Madhabi Puri Buch? SEBI’s new chairperson and India’s first woman to head market regulator
Financial Express| SEBI: Madhabi Puri Buch replaces the outgoing chief Ajay Tyagi, whose appointment was to end on February 28. The new appointment comes as the stock markets were watching if Ajay Tyagi would get another extension, or the government would appoint a new chairperson for the role. Madhabi Puri Buch has been appointed the new chairperson of market regulator SEBI, the first woman to head the market regulatory watchdog, the Indian Express reported on Monday. Madhabi Puri Buch, who will be the 10th chair of the board, was earlier a whole-time member (WTM) at the Securities and Exchange Board of India. She replaces the outgoing chief Ajay Tyagi, whose appointment was to end on February 28. The new appointment comes as the stock markets were watching if Ajay Tyagi would get another extension, or the government would appoint a new chairperson for the role.
Punjab and Haryana High Court: Nuh court failed to consider ‘bail, not jail’ rule for juveniles
The Punjab and Haryana High Court has asserted that a court of an Additional Sessions Judge in Nuh had failed to take into consideration Section 12 of the Juvenile Justice (Care and Protection of Children) Act, 2000, which says bail, and not jail, is the rule. Justice Vikas Bahl asserted: “A perusal of the impugned order will show that the provisions of Section 12 of the Act had not even been considered and it was not even remotely observed therein that the case of the appellant is covered by any of the exceptions. The appellant was 16 years old on the day of the alleged incident.”
