Supreme court

The Alcantaras’ Alsons Power Group has lauded the recent Supreme Court decision validating the government’s sale in 2012 of two diesel power plants to its subsidiary, a deal that allowed the group to supply additional electricity to Mindanao during critical times. In a statement, Alsons Power said the SC had upheld the Commission on Audit (COA)’s approval of the negotiated sale of the two power plants with a combined capacity of up to 103 megawatts in Iligan City. The SC en banc dismissed a petition that questioned the valuation used during the negotiated sale of the diesel facilities by the Iligan City government to the group’s Conal Holdings Corp. (CHC) in September 2012. “The group behind the petition had opposed the sale of the diesel assets to Alsons Power’s CHC alleging that the sale had given unwarranted benefit to CHC,” Alsons Power said. The petitioner had alleged that the valuation process used by COA was incorrect. The diesel plants are now owned by Mapalad Power … [Read more...] about SC upholds sale of Iligan diesel plants to Alsons unit

Following another court order blocking the federal student debt relief program, the United States Department of Education has suspended the program's online application. On November 11, U.S. District Judge Mark Pittman ruled the Biden Administration's student loan forgiveness program is unlawful and vacated it. The following day, the U.S. Education Department announced on the Federal Student Aid website that the department is no longer accepting new applications. The Biden Administration's program has been facing legal challenges almost since it was announced, and it has been on hold since October 21 due to a separate legal challenge. The Job Creators Network's Court Case On October 10, the Job Creators Network, a conservative advocacy organization, filed a lawsuit in Texas on behalf of Myra Brown and Alexander Taylor. The JCN argued the plaintiffs were unfairly excluded from the student debt relief program. Brown's loans are held by a commercial lender, … [Read more...] about Education Department Suspends Federal Student Loan Forgiveness Applications

Mehbooba Mufti The Delhi High Court on Wednesday permitted PDP leader Mehbooba Mufti to withdraw her petition challenging the constitutional validity of a provision of the Prevention of Money Laundering Act (PMLA). The lawyer appearing for the former Jammu and Kashmir chief minister told a bench of Chief Justice Satish Chandra Sharma and Justice Subramonium Prasad about her decision to withdraw the petition which was filed in March 2021. The petition also challenged the summons issued to her by the Enforcement Directorate in a money laundering case and sought a stay which the court had earlier declined. The court was informed the issues raised by the petitioner have already been addressed by the Supreme Court in a decision. Mufti had in her plea sought declaring section 50 of the Prevention of Money Laundering Act void and inoperative, being unfairly discriminatory, bereft of safeguards, and violative of Article 20(3) of the Constitution. Section 50 of the Act … [Read more...] about Delhi HC allows Mehbooba Mufti to withdraw plea challenging PMLA provision

Ashok Leyland Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Commercial vehicle manufacturer Ashok Leyland on November 30 clarified that the ED investigations pertaining to the alleged BS-III scam is against the third party scrap customer and not the company. The clarification came in response to media reports saying that the ED had started probing Hinduja Group flagship's alleged role in selling BS-III vehicles to two companies at discount price, in violation of the Supreme Court order. The company's spokesperson told CNBC TV18 that, "This matter reported seems to be pertaining to an old investigation from the year 2020 -2021. The investigation is not against Ashok Leyland, but against a third party scrap customer." "We have submitted all documents and details as required by the ED pertaining to this matter, which clearly … [Read more...] about BS-III scam: ED Probe against third party, says Ashok Leyland

In his testimony in court, Nam Wook — a stakeholder in the suspicious development project approved by Lee when he was Seongnam mayor — said that prosecutors last year promised him that they would arrest only four suspects, excluding Nam, before he returned to Korea from the U.S. in October last year. (That kind of plea bargain is illegal in criminal cases here). The four refers to Yoo Dong-gyu, former planning director of the Seongnam Development Corporation, Kim Man-bae, the largest stakeholder in the project, Choi Yoon-gil, former Seongnam City Council chair, and another city official. If the testimony is true, that means the prosecution attempted to push its investigation to a certain direction in advance. Prosecutors denied that they made such an offer to Nam. But would Nam, a lawyer, really tell a lie in the court after taking the oath? The investigation team at the time also did not care about Nam’s remark that several stakeholders in the project raised funds to help Lee get … [Read more...] about Unbiased — and balanced — investigation matters

Share to Twitter Share to Linkedin Dispatches from Ukraine. Day 280. As Russia’s attack on Ukraine continues and the war rages on, reliable sources of information are critical. Forbes gathers information and provides updates on the situation. By Daria Dzysiuk. Regional. The Odesa City Council voted in favor of the dismantling the monuments of “Founders of Odesa,” Catherine II and Alexandr Suvorov, situated in the city center. The decision was made after a petition on the official online mission of the President of Ukraine polled users on whether to demolish the monument of Russian rulers who “promoted genocide of Ukrainian and Crimean Tatar peoples, destroyed Zaporizhzhya Sich and introduced the russification policy.” The petition was signed by more than 25,000 users and was reviewed by President Volodymyr Zelenskyy who ordered local authorities to handle this issue. Both monuments will be relocated to the art museum in the days to come. … [Read more...] about Wednesday, November 30. Russia’s War On Ukraine: News And Information From Ukraine