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Bombay HC orders 3-month jail term to developer for failing to abide by undertaking for flat purchasers, stays sentence for 6 weeks

The Bombay High Court directed the developer to pay Rs. 4 crore within six weeks to purge contempt, 1 crore already deposited and the developer is required to pay remaining Rs. 3 crore within six weeks.

Zee-Sony Merger Illegal, Infringes SEBI Order: Axis Finance To NCLAT

The Mumbai bench of the National Company Law Tribunal failed to consider that the Zee-Sony merger is illegal, unfair, and unjust as the order approving it is in breach of a SEBI order against Punit Goenka, Axis Finance Ltd. submitted to the National Company Law Appellate Tribunal in Delhi.

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