News That Matters

Tag: Court

Next week's Royal Mail strike blocked by court

Next week's Royal Mail strike blocked by court

Business
Royal Mail has won a High Court injunction preventing next week's 48-hour strike by postal workers.Around 110,000 members of the Communications Workers Union (CWU) were set to walk out from 19 October in what would have been the first national postal strike since Royal Mail was privatised in 2013.Staff had voted overwhelmingly earlier this month in favour of industrial action in a long-running dispute over pensions, pay and jobs.Union leaders say they have been trying to find a solution to the impasse for 18 months.But a High Court judge supported Royal Mail's case that the CWU was breaking its contract by calling a strike before outside mediation, which began on 5 October, is completed.The injunction is necessary to prevent hundreds of thousands of people across the UK being deliberately ...
Supreme Court orders Unitech to pay litigation cost to home buyers

Supreme Court orders Unitech to pay litigation cost to home buyers

Finance
NEW DELHI: In a first of its kind order, the Supreme Court on Wednesday directed Unitech to pay litigation cost to home buyers who have succeeded before the grievance redressal commission in their lawsuit against the real estate major.A bench of Chief Justice Dipak Misra, Justice A.M. Khanwilkar and Justice D.Y. Chandrachud directed the real estate major to pay Rs 80,000 each as litigation cost to 39 flat buyers in one of the developer's projects.The court directed Unitech to pay the amount of the litigation costs within four weeks to buyers who have succeeded before the National Consumer Disputes Redressal Commission (NCDRC) in getting their principal amount and interest.Let's block ads! (Why?) Personal Finance News-Wealth-The Economic Times
Religare institutional shareholders move court seeking ouster of board

Religare institutional shareholders move court seeking ouster of board

Finance
MUMBAI: A new battlefront has opened for Malvinder and Shivinder Singh involving their listed financial services company Religare Enterprises. Institutional investor India Horizon Fund, supported by IDBI Trusteeship and representing a total shareholding of 11%, moved the Delhi bench of National Company Law Tribunal seeking ouster of the company board on grounds of mismanagement and oppression of minority shareholders. Mauritius-based India Horizon Fund, which holds 5.59% of Religare Enterprises, has named the company, Religare Capital Markets, the Singh brothers and the Religare board among respondents to the suit. IDBI Trusteeship has a 5.53% stake. The plaintiff has sought immediate dissolution of the board and the management. It has asked for appointment of an administrator unti...
Court overturns Kenya presidential election

Court overturns Kenya presidential election

World
Kenya is to hold another presidential election after the previous poll was declared invalid by the country's supreme court.Judges ruled by a majority of four to two that the win by President Uhuru Kenyatta was "null and void" as a result of irregularities committed by the election board and ordered a fresh ballot be held within 60 days.It is the first time in Kenya's history an presidential election result has been cancelled.Image:Judges ruled by a majority of four to two that the poll result was 'null and void' The historic move comes after a petition was filed by opposition candidate Raila Odinga.He had claimed the electronic voting results were hacked into and rigged in favour of Mr Kenyatta.Concerns around the poll were heightened after the official who oversaw the electronic voting sy
Kenya: Electoral body defies court in presidential petition

Kenya: Electoral body defies court in presidential petition

World
Lawyers made their closing arguments Tuesday night to Kenya's Supreme Court over a challenge by longtime politician Raila Odinga to Kenyan President Uhuru Kenyatta's re-election earlier this month. Odinga claims the declaration of Kenyatta's victory with 54 percent of the vote was fraudulent, contending hackers infiltrated the electoral commission's servers and manipulated results in the president's favor. The challenger's lawyer, James Orengo, said the court should invalidate Kenyatta's win because a scrutiny of forms used to tally presidential results showed many lacked security features that the electoral commission agreed on. He said the forms also were not signed, as required to ensure accountability. He said those anomalies affected nearly 5 million votes. "Our case has proven forge...