By: Harshit Joshi

INTRODUCTION

An appeal was brought before the Supreme Court in which both the Delhi High Court and the Punjab & Haryana High Court refused to have territorial jurisdiction over the dispute due to a difference of opinion and dismissed the appeals filed before them. The Supreme Court solved the conundrum concerning the appellate jurisdiction of the High Courts under Section 260A of the Income Tax Act, 1961 (herein after ‘Acts’) in its judgment dated 18 August 2022 in the case of Pr. Commissioner of Income Tax-I, Chandigarh v. M/s. ABC Papers Limited. Another question that the

Johnny Depp has been wrapped up in legal situations for quite some time now. Most recently, the Pirates of the Caribbean star was entangled in a (televised) six-week defamation case with his ex-wife, Amber Heard. ultimately, the jury’s verdict fell in Depp’s favour, as Heard was found guilty of three counts of defamation and now must pay her ex millions of dollars. While Depp has apparently closed the book on that situation, he’s now facing an assault-related lawsuit from a former colleague. And the accuser’s lawyer is speaking out ahead of the trial.

The plaintiff in this legal case

By: Anushka Satya

THE SCOURGE OF MONEY LAUNDERING AND THE URGENCY TO COMBAT

Post the interdependence of economies across the globe, with the seamless exchange of resources between sovereign borders, the menace of money laundering has become more pressing than ever. Statistics say that 2-5% of the global GDP, or US$ 800 billion – US$ 2 trillion is the estimated amount of money laundered globally in one year. To tackle this menace, the United Nations General Assembly in its Political Declaration in 1998 urged member nations to adopt legislation to mitigate money laundering.

India, which is no exception to this

Lawyers representing billionaire Elon Musk and Tesla asked a United States district court judge to toss out a motion to have them sanctioned over alleged conflicts of interest in a $258 billion lawsuit alleging Musk participated in an illegal racketeering scheme related to the Dogecoin (DOGE) cryptocurrency.

In a filing dated July 6, Musk and Tesla’s team responded to the June 25 motion filed by Evan Spencer, a lawyer representing the plaintiffs in the case against Musk.

Spencer referred to the defendants’ lawyers as “yes men” in his filing and asked the judge to declare it a conflict of interest

RMLNLU along with Khaitan & Co. is organizing a Legal Essay Writing Competition and Conference on “Competition Law”. Entries for the same are invited from interested law students.

About RMLNLU

RMLNLU was established in 2006 to impart quality legal education to students all over the country and to meet emerging challenges in the field of law. RMLNLU is committed to providing excellent infrastructure to its students and facilitating an environment that advances and disseminates knowledge of the law and legal processes. It aims to develop in students and research scholars a sense of responsibility to serve society in the field

By Mainak Mukherjee and Abhishek Bhatra

I. Introduction

SEBI’s Minimum Public Shareholding (MPS) norm mandates that all listed companies maintain a minimum 25% shareholding in the hands of the public, ie, non-promoters. The primary objective behind implementing this norm was to ensure transparency, public participation, and mitigate susceptibility to market manipulation. However, the MPS regime has unfortunately fallen short of achieving its intended objectives, giving rise to a range of challenges and setbacks. This article explores the multitude of issues plaguing the current regime while presenting comprehensive solutions to address these challenges.

II. What is the Minimum Public Shareholding norm?

Time Out

Steven Schwartz, the lawyer who cited six nonexistent, ChatGPT-fabricated citations as precedents while attempting to argue a federal court case, has officially been punished by the court.

US Ars Technica reports, US District Judge Kevin Castel has ordered Schwartz and his partner Peter LoDuca to pay a $5,000 fine. The original lawsuit has also been tossed out in its entirety.

The lawyers are also required to send apology letters via “first class mail” to the six real judges who were named in the fake citations, complete with a transcript of the original court hearing as well as the