Stay updated with the latest settlement-litigation news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on settlement-litigation topics.
The TReDS platform will bring participants together for facilitating uploading, accepting, discounting, and settlement of the invoices/bills of sellers, according to draft directions for 'Trade Receivables Discounting System', on which the central bank has invited comments by May 1. The Reserve Bank on Wednesday proposed to drop the due diligence requirement for MSMEs to onboard TReDS platforms to promote ease of doing business for micro, small and medium enterprises. Trade Receivables Discoun ...Read More >
New Delhi, Apr 9 (PTI) A Delhi court has ordered Google LLC and several media houses to remove and take down allegedly defamatory content linking businessman Manoj Kesarichand Sandesara and his family to the Sterling Biotech bank fraud case. Senior Civil Judge-cum-Rent Controller Richa Sharma was hearing a civil suit seeking damages and directions to de-index and remove online content, including news reports and videos, which the plaintiff claimed were "false, malicious and defamatory". "In th ...Read More >
New Delhi: The Supreme Court has dissolved a decade-long marriage dispute, invoking its extraordinary constitutional powers to bring an end to over 80 cases filed between an estranged couple and ordering Rs 5 crore as a one-time settlement for the wife and their two children. The bench exercised its special powers under Article 142 of the Constitution, stating that the marriage was "dead for all practical purposes" and that the case warranted intervention to ensure "complete justice" and closur ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Ripple is back in the spotlight following a strategic move involving trillions in payment flows, sparking speculation about a potential breakout in XRP price. The development reflects Ripple strengthening its ties to the global banking infrastructure. Ultimately, the true significance lies in how this expanded access could influence XRP's role in real-world financial transactions ...Read More >
New Delhi: The Supreme Court on Thursday set aside the bail granted to businessman Satinder Singh Bhasin in connection with a multi-crore rupee alleged Grand Venice Mall scam in Greater Noida and directed him to surrender before the jail authorities within a week. A bench comprising Justices Sanjay Karol and N K Singh cancelled Bhasin's bail as he failed to settle the claims of the flat allottees, and also for siphoning off Rs 50 crore from the funds of Bhasin Infotech and Infrastructure Privat ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. EDX Markets, the crypto exchange backed by Wall Street giant Citadel Securities, has applied to the Office of the Comptroller of the Currency (OCC) for a national trust bank charter, according to a public filing disclosed Wednesday. The move comes as US regulators under the current Trump administration have adopted a more receptive posture toward crypto firms seeking to operate u ...Read More >
TORONTO, March 30, 2026 (GLOBE NEWSWIRE) -- Carbon Streaming Corporation (Cboe CA: NETZ) (OTCID: OFSTF) (FSE: M2Q) ("Carbon Streaming" or the "Company") today reported its financial results for the fiscal year ended December 31, 2025. All figures are expressed in United States dollars, unless otherwise indicated. Carbon Streaming Chief Executive Officer Marin Katusa stated: "In the fourth quarter of 2025, Carbon Streaming continued to strengthen its financial position and focus on maximizing va ...Read More >
Lok Sabha passes Insolvency and Bankruptcy Code (Amendment) Bill 2026 to speed up insolvency cases, boost creditor rights, enable cross-border resolution, and strengthen India's financial system. To strengthen the financial system of India, Lok-Sabha have passed the Insolvency and Bankruptcy Code (Amendment) Bill on March 30, 2026. This reform aims to speed up the insolvency resolutions, reduce delays and the improve creditor confidence. While announcing the speech of Nirmala Sitharaman highlig ...Read More >
The Indian Premier League (IPL) 2026 season has barely begun, but it has already delivered its first major controversy. Following Kolkata Knight Riders' (KKR) six-wicket defeat to Mumbai Indians (MI) at the Wankhede Stadium, a pointed remark from captain Ajinkya Rahane has triggered a wider debate - forcing Cricket Australia (CA) to step in with a clarification. At the centre of the storm is Cameron Green, KKR's high-profile signing worth INR 25.20 crore, who did not bowl a single over despite ...Read More >
New Delhi: The Lok Sabha on Monday passed a bill to amend the insolvency law to provide for strict timelines, an out-of-court settlement option and enable the framework for cross-border insolvency processes. Piloting the bill in the Lok Sabha, Finance and Corporate Affairs Minister Nirmala Sitharaman said that 12 amendments are being made in the Insolvency and Bankruptcy Code (IBC), which came into force in 2016, that would help maximise the value for stakeholders and improve the governing proc ...Read More >
New Delhi, Feb 16 (PTI) In-Solutions Global Ltd (ISG) on Monday announced that it has received regulatory authorisation from the Reserve Bank of India (RBI) across all three Payment Aggregator categories - online, physical or offline and cross-border. The approval was granted under the latest RBI Master Directions for 2025-26. With these approvals, ISG joins a select group of non-bank ecosystem players enabled to support merchant payments across domestic and international channels through a un ...Read More >
New Delhi, Dec 16 (PTI) Two brothers were shot dead in Northeast Delhi's Jafrabad early Tuesday, police said. An incident of firing was reported to the police at 1.40 am, they said. A team that responded to the call found one man dead at the spot while another was taken to a hospital in a critical state. The victims were identified as 31-year-old Faizal and his 33-year-old brother, Nadeem, both residents of Jafrabad, the police said. Nadeem was declared dead on arrival at JPC Hospital, where ...Read More >
Mumbai, Nov 19 (PTI Domestic carrier SpiceJet on Wednesday said it has completed allotment of equity shares to global aircraft leasing and financing firm Carlyle Aviation Partners in a move that has helped it shave off Rs 442.25 crore (USD 50 million) liabilities from its balance sheet, besides providing long-term financial stability. On September 11, the company announced reaching a settlement with the firm for the restructuring of its certain lease dues to the tune of USD 121.18 million, and ...Read More >
Mumbai (Maharashtra) [India], November 17: PayU, India's leading diversified fintech platform, has received integrated authorization from the Reserve Bank of India (RBI) to operate as a Payment Aggregator across online, offline (physical) and cross-border transactions, including both Inward and Outward, under the Payment and Settlement Systems (PSS) Act. This approval enables PayU to offer secure, compliant, and seamless payment acceptance, settlement and cross-border solutions for merchants acr ...Read More >
The Society of Indian Law Firms (SILF) inaugurated its new office and Dispute Resolution Centre in Delhi, heralding a landmark in India's legal landscape. Spearheaded by President Lalit Bhasin, the facility aims to enhance legal education, innovation, and pro bono dispute resolutions, reflecting India's global legal ambitions. The Society of Indian Law Firms (SILF) has made a significant stride in the realm of legal excellence with the inauguration of its new office and Dispute Resolution Centr ...Read More >
VMPL Bengaluru (Karnataka) [India], October 17: HSBC, one of the world's largest banking and financial services organisations, and Juspay, a leading payments infrastructure company, have announced a strategic partnership to launch a first-of-its-kind acquiring platform tailored to the needs of digital-first, global merchants. This full-stack solution reimagines how acquiring services are delivered at scale, combining HSBC's global network with Juspay's proven expertise in payments infrastructur ...Read More >
Union Labour Minister Mansukh Mandaviya told a meeting of the Central Board of Trustees (CBT) of the Employees Provident Fund Organisation (EPFO) in New Delhi on Monday (October 13, 2025) that the Cabinet was actively considering increasing the minimum PF pension. Though the issue was not in agenda, trade union members in the CBT said during the discussions that the minimum PF pension should be revised from the present amount of ₹1,000 a month. "The Minister did not rule it out and said the Ca ...Read More >
HSBC India has launched HSBC Digital Merchant Services. This new solution simplifies payment processes for online businesses. Merchants can now manage various payment methods through a single platform. This includes cards, UPI, and net banking. The service aims to reduce operational costs and improve transaction insights. Mahanagar Gas Limited is an early user of this integrated payment solution. HSBC on Tuesday announced the launch of HSBC Digital Merchant Services (DMS) in India, a digital pa ...Read More >
Mumbai, Oct 8 (PTI) The National Company Law Tribunal (NCLT) on Wednesday once again postponed the hearing on Vedanta's demerger proposal to October 29. On September 17, the Mumbai bench of NCLT had deferred the hearing on the matter till October 8, and also directed Vedanta as well as the Ministry of Petroleum and Natural Gas (MoPnG) to file written submissions on the matter within five days. Earlier on August 20, the tribunal had deferred the hearing on the Vedanta demerger to September 17 a ...Read More >
MUMBAI: The Reserve Bank has issued revised norms mandating banks to settle claims on a deceased customer's account and lockers within 15 days, ordering compensation for delays. Simplified and streamlined procedures apply for bank accounts without a nominee, with less than or up to Rs 15 lakh deposits and Rs 5 lakh for co-op banks, while higher amounts may require additional documents. The development comes even as the amount of unclaimed money lying in bank accounts has risen to a whopping Rs ...Read More >
Sept 16 (Reuters) - Troubled Indian budget carrier SpiceJet (SPJT.BO), opens new tab said on Tuesday it will lease eight additional Boeing (BA.N), opens new tab 737 aircraft to bolster its fleet ahead of the festive and winter season. The latest deal takes the airline's total fleet additions to 18 aircraft, including two earlier agreements to lease 10 Boeing jets scheduled for delivery starting in October. SpiceJet has signed multiple settlements in recent years to resolve disputes with lessor ...Read More >
Chennai (Tamil Nadu) [India], September 15: Star Health and Allied Insurance Company Ltd. (Star Health Insurance), India's leading retail health insurance provider, has introduced 'Know Your Policy', a new in-app feature designed to enable health insurance coverage, which is easier to understand and is highly accessible to its customers. This aligns well with IRDAI's mandatory Customer Information Sheet (CIS) and the broader consumer protection objectives. Initiatives like Star Health's simplifi ...Read More >
Chennai (Tamil Nadu) [India], September 15: Star Health and Allied Insurance Company Ltd. (Star Health Insurance), India leading retail health insurance provider, has introduced Know Your Policy, a new in-app feature designed to enable health insurance coverage, which is easier to understand and is highly accessible to its customers. This aligns well with IRDAI mandatory Customer Information Sheet (CIS) and the broader consumer protection objectives. Initiatives like Star Health simplified versi ...Read More >
Mumbai: The National Company Law Appellate Tribunal (NCLAT) has cleared the way for Talwandi Sabo Power Ltd's (TSPL) demerger from its parent company Vedanta Ltd, setting aside a lower court's order that put the proposed demerger on hold. The order comes after the counsel for Talwandi Sabo informed the NCLAT that it has reached a settlement with China's Sepco Electric Power Construction Corp. (Sepco) on 11 September. Sepco is one of the creditors of TSPL that objected to the demerger for allege ...Read More >
Vedanta has settled its long-standing dispute with Chinese firm Sepco Electric, clearing the way for its revenue-stream demerger, now expected by September-end. The settlement resolves all claims and withdraws pending arbitration over the Talwandi Sabo 3x660 MW thermal project. Vedanta has settled its dispute with Chinese firm Sepco Electric Power Construction Corp, effectively clearing the path for its proposed demerger along operational product lines. The revenue stream-wise demerger, initial ...Read More >
Mumbai: Cash withdrawals with smartphones are about to become easier and can be done virtually anywhere. Plans are underway to widen the reach of unified payments interface (UPI)-India's ubiquitous tool to move money, pay bills, and make online purchases-for taking out cash. Millions of individuals, non-profits, and grocers who act as 'business correspondents' (BCs) of high-street banks will have quick response, or QR codes that users can scan with any UPI app on their handsets to withdraw cash. ...Read More >
Gadwal: The National Lok Adalat was held today in the Jogulamba Gadwal District Court premises under the supervision of the District Legal Services Authority (DLSA). The program was conducted in a grand manner, focusing on providing speedy and amicable justice to the people. During the proceedings, a total of 6,884 cases were successfully settled through mutual consent between parties. These included 22 civil cases, 6,832 criminal compoundable cases, 2 family disputes, 6 accident claim cases, a ...Read More >
In early trade today, several stocks experienced declines, with SBI leading the losses on the Nifty 50. At 09:30 am, SBI was trading at Rs 820.70, a 0.36% fall from its previous close. Other notable losers included SBI Life Insurance and Titan Company. SBI Life Insurance was trading at Rs 1,809.80, down by 0.24%. Titan Company was also down, trading at Rs 3,579.10, which represents a 0.14% decrease. Bajaj Finserv and TATA Cons. Prod experienced similar declines. Here's a detailed look into the ...Read More >
Mumbai, Sep 12 (PTI) The Sebi board on Friday approved a slew of reforms and ease of doing business measures that will help IPO-bound large companies and low-risk foreign investors, among other segments. In a decision, which comes ahead of the mega initial public offerings (IPO) by NSE and Reliance Jio Infocomm, the Sebi board decided to recommend the government to amend the statutes governing minimum public offerings. Under the proposed framework, companies with a market capitalisation betwee ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Ripple chief technology officer (CTO) David "JoelKatz" Schwartz used a late-Wednesday post on X to frame a surge of payments and stablecoin companies launching their own base-layer networks as validation of blockchain's role in finance -- and to restate how the XRP Ledger's design differs from the new entrants. "We've been seeing more and more players in the payments and stableco ...Read More >
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