Supreme Court Bench headed by CJI SA Bobde is hearing a plea by Tata Group challenging the pledging of its shares by Cyrus Mistry's Shapoorji Pallonji group in order to raise funds.
Senior Counsel Aryama Sundaram for Mistry tells the Court that in the present application, Tata is attempting to stop SP group from pledging the shares.
SC asks Senior Advocates appearing for all the parties when the matter can be heard for final hearing, proposes taking up the case after four weeks for final hearing.
Senior Advocate Janak Dwarkadas for Cyrus Mistry argues that the application needs to be heard.
Dwarkadas highlights that salaries of employees and migrant workers need to be paid and disbursed.
Sundaram for SP group argues that the sole ground for Tata Group challenging the pledging of the shares by SP is one Article in the Articles of Association which bars transfer of shares without giving Tata a Right of First Refusal.
Sundaram: We are pledging, the shares are not being transferred.
CJI Bobde: This argument has been made several years ago also in relation to leases.
(Dwarkadas also backs Sundaram's arguments)
CJI Bobde: We have seen pledging is limited transfer.
Senior Advocate Harish Salve for Tata Group: There is a mischief they are playing. They want to sell the shares, if they want to sell, I am ready to buy, but then they say they want to hold on to the shares.
Salve: If they pledge the shares and Bank places them on the block and a potential buyer offers a premium, then I will have to match that price. This is the mischief they are playing.
CJI Bobde: We are only asking you all to wait for 4 weeks and make the arguments then
(Sundaram informs the Court that the restructuring of the company is scheduled for Thursday)
CJI Bobde: If Mr. Sundaram and Mr. Dwarkadas are not ready to hold their horses and are not agreeable to wait for four weeks, then we will have to hear Mr. Salve and Dr. Singhvi.
Senior Advocate Pramila Nesargi makes submissions for petitioner: Written statement has been filed. The facts are admitted. The contentions raised under ... are not there in the written statement.
#KarnatakaHighCourt #Siddaramaiah
Nesargi: Election of all 135 persons elected to Karnataka Assembly should be set aside.. I want the entire election of Karnataka to be set aside. That is the object with which election petition has been filed.
Is Arvind Kejriwal deliberately eating mangoes and sweets to spike sugar level and create ground for bail?
Delhi court to examine Tihar Jail report shortly after ED's allegations.
Hearing to start at 2PM.
#ArvindKejriwal @AamAadmiParty @ArvindKejriwal
Yesterday, ED's Special Counsel Zoheb Hossain had informed the Rouse Avenue Court that the details came to be known after the agency wrote to Tihar jail and sought information about Kejriwal's diet and the medicines being taken by him.
Kejriwal's lawyers have refuted ED's allegations and said that these are merely allegations for the media.
They have alleged that ED does not want Kejriwal to even have home cooked food which has been allowed by the Court.
#SupremeCourt to hear plea seeking directions for the counting of all VVPAT slips. The plea seeks the court's direction to the Election Commission and the Centre to ensure that voters are able to verify through VVPATs that their vote has been "counted as recorded" #EVM
Adv Nizamuddin Pasha makes submissions: voter secrecy is not compromised at any stage..also the my right to secrecy cannot..
I hope you understand what you are arguing and the practical results of it
Pasha: milord..
SC: if you still argue then fine..the last slip will always be at the bottom.. do not take more time..
Pasha: it is the rights context in which this debate lies..
SC: you have applied the doctrine of proportionality
Pasha: yes fundamental right to know for whom vote is casted, right to free and fair election etc.. these are all rights of voters and it does not affect somebody else
SC: Tell us which are the four prongs of doctrine of proportionality
Pasha: the doctrine comes when there are two conflicting rights.. i am a stage anterior to this..
SC: all fundamental rights can be curtailed on the basis of certain exceptions..
Adv Prashant Bhushan:in the VVPAT machine the light remains on for 7 seconds, if that light can be on always so that voter can see the slip cutting and falling or other slip being cut etc also.. that can be done if the glass cannot be changed.