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.
Chief Justice of India BR Gavai to shortly address the felicitation function organised by the Supreme Court Bar Association (SCBA).
#SupremeCourt #CJI #felicitationceremony
SCBA President Vikas Singh addresses the ceremony
Vikas Singh: it’s a matter of privilege for me to do this for CJI Gavai. He was very reluctant to accept this function since he felt that a better occasion will be when he demits office and I speak about what he has done for the bar and for the institution rather than speak when he’s entering office.
Delhi High Court is hearing the petition filed by accused Mohd Javed challenging the release of the movie Udaipur Files.
The matter is being heard by Chief Justice Devendra kumar Upadhyaya and Justice Tushar Rao Gedela
Senior Advocate Menaka Guruswamy for petitioner Javed- 160 witnesses remain to be examined. I am entitled to fair trial under Art 21. First proposition is my right to fair trial is jeopardised by the relase of this movie.
[ Justice Yashwant Varma case to resume in Supreme Court today ]
Supreme Court will shortly hear petition filed by Allahabad High Court judge Justice Yashwant Varma challenging the in-house committee report indicting him over the recovery of a large sum of unaccounted cash at his official residence in Delhi
#YashwantVarma #SupremeCourtofIndia
Supreme Court had earlier questioned Justice Varma on his decision to challenge the legality of the three-member judicial committee after participating in its proceedings #YashwantVarma #SupremeCourt
Karnataka HC hears suo motu PIL case registered in connection with June 4 Chinnaswamy Stadium Stampede which left 11 people dead and injured over 50 people. Track thread for updates. Matter before Chief Justice Vibhu Bakhru and Justice CM Joshi.
Advocate General Shashi Kiran Shetty says judicial commission has now submitted its report covering most of the issues raised, which has to be placed before legislature which is slated to sit in August.
DNA's counsel tells Court that it has challenged judicial commission's report on ground that commission did not follow natural justice principles and DNA's reputation is being affected meanwhile.
Delhi High Court to decide on October 30 the petitions filed by Delhi riots accused Sharjeel Imam challenging trial court order framing charges and quashing of Delhi Police chargesheet in connection with the December 2019 Jamia University violence during the protests against the Citizenship Amendment Act (CAA).
Justice Sanjeev Narula briefly heard the matter today.
Advocate Talib Mustafa appearing for Imam - Revision petition is challenging the trial court’s order on charge. All petitions arise of the same FIR. There is a separate writ petition also. Even prosecutors have come up against the same order.
Karnataka HC Division Bench hears appeal challenging single judge order directing National Law School of India University (NLSIU) Bengaluru to provide 0.5% reservation for transgender students in admissions until it comes out with its own transgender reservation policy.
Justices Anu Sivaraman and Rajesh Rai K are hearing the matter. Senior Advocate KG Raghavan appears for NLSIU, he says that the petitioner who whose plea the single judge order was passed was offered admission but he did not join and "missed the bus."
Raghavan: This was for the 3 year programme.
Raghavan tells Court that petitioner was told to pay the fee for admission to the course, and that he should fill financial aid form if he wished to avail financial aid.