Law

SpiceJet's legal turbulence: Chairman's soaring remuneration amid court summons, record losses

IANS | January 12, 2024 2:02 PM

New Delhi, Jan 12 (IANS) Even as SpiceJet Chairman and Managing Director Ajay Singh has been summoned yet again by Delhi High Court in connection with the payment of an additional Rs 100 crore to former promoter Kalanithi Maran, the airline's annual report suggests a huge jump in Singh’s remuneration, a three-year high, during FY23 notwithstanding the second biggest loss in the airline’s history posted in the same year.

Ruby Mills updates on pending litigations & disputes

IANS | January 12, 2024 12:24 PM

New Delhi, Jan 12 (IANS) Ruby Mills has made a disclosure on January 5 regarding the company petition filed by Shreem Corporation Pvt. Ltd., (through its Resolution Professional), formerly known as Rajput Retail Limited (RRL) against the company concerning disputes between and the Promoters/Directors of RRL and State Bank of India (SBI/ Bank).

SC refuses to stay new law on appointment of CEC & ECs

IANS | January 12, 2024 12:22 PM

New Delhi, Jan 12 (IANS) The Supreme Court on Friday refused to pass any interim order to stay the implementation of the recent legislation by Parliament which excludes the Chief Justice of India from the process of appointment of the Chief Election Commissioner (CEC) and other Election Commissioners (ECs).