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Bengaluru resident wins ₹20,000 in consumer court after Mutual Fund Company delayed providing his account statement

Ramesh, a resident of Bengaluru, recently won a case in the consumer courts in the City against a well-known mutual fund company, UTI Mutual Fund. Mr. Ramesh had invested in one of UTI Mutual Fund’s schemes since February 2012 and had not redeemed any units. Upon receiving no immediate reply Mr Ramesh went on to lodge complaints with the Prime …

Court

On January 3, the Supreme Court disposed of four writ petitions filed in the wake of two reports that raised multiple allegations against the Adani group of companies. The first principle is reproduced below: “Courts do not and cannot act as appellate authorities examining the correctness, suitability, and appropriateness of a policy, nor are courts advisors to expert regulatory agencies …

Supreme Court Stays SAT Order Setting Aside SEBI Penalty On SBI, Bank Of Baroda, LIC In UTI AMC Case

The Supreme Court on Friday directed a stay on the order of Securities Appellate Tribunal whereby it set aside market regulator SEBI's order imposing fine of 10 lakh each on State Bank of India, Bank of Baroda and LIC for failing to reduce their stakes to below 10% in UTI Asset Management Company. According to SAT, the financial institutions complied …

The Allahabad High Court on Thursday granted bail to Former Uttar Pradesh minister Gayatri Pradesh Prajapati, in connection to a gang rape case registered against him. The bench further said, "Further threat to the applicant's health in the prevailing times of Covid-19 pandemic is real and imminent, and in view of the assurances extended on behalf of the applicant that …