The Securities Appellate Tribunal (SAT) has directed Sebi to respond by September 4 in an appeal filed by Zee Entertainment Enterprises promoter Punit Goenka against an order of the regulator. Goenka is challenging Sebi s order barring him from holding any directorship or managerial position in any listed company or their subsidiaries.
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Synopsis
Bohrer PLLC was one of five law firms hired by Cognizant’s former chief legal officer Steven E. Schwartz to defend him in an India bribery case relating to construction of the company’s campus in the outskirts of Chennai.
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Cognizant has filed a lawsuit against New York-based law firm Bohrer PLCC, accusing it of fraudulently overbilling at least $20 million to the IT services company.
Chennai:Cognizant Technology Solutions Corp. has filed a lawsuit against a New York-based law firm, accusing it of fraudulently overbilling at least $20 million to the IT services company.
Cognizant’s petition filed in the District Court for the Southern District of New York alleged that Bohrer PLLC and its managing partner, Jeremy I. Bohrer, had billed it millions of dollars in fees and expenses for work that it either did not perform as invoiced, or performed for a fraction of the billed cost.
Diageo challenges PMLA court’s order on USL shares
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Synopsis
The British liquor major is challenging the PMLA court’s order that allowed last month the plea of the SBI-led consortium to restore to it Vijay Mallya’s properties collectively worth Rs 5,600 crore, including movable and immovable assets. The pledged properties also include shares of United Spirits.
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Diageo Holdings Netherlands has challenged the order of a special Prevention of Money Laundering Act (PMLA) court, seeking possession of shares worth Rs 3,100 crore in
United Spirits now awarded to lenders. The company wants the Bombay High Court to quash the PMLA court’s order, arguing that it has a prior lien on those securities.