In the midst of the Supreme Court’s hearing on appeals filed by Tamil Nadu, Karnataka and Kerala against the Cauvery Water Disputes Tribunal’s 2007 Order yesterday (4 January), witnessed witty exchanges between Tamil Nadu’s senior counsel, Shekhar Naphade, and Karnataka’s senior counsel, Fali S. Nariman.

After three hours of an intense hearing from 2pm today, the Supreme Court bench of justices Dipak Misra and UU Lalit, in an interim order, directed Karnataka to release 6,000 cusecs of water to Tamil Nadu until 27 September.

The Supreme Court on Friday allowed Sahara to arrange a bank guarantee of Rs. 5,000 crore in the favour of the capital market regulator to comply with the conditions for the release of its chief Subrata Roy and two other directors who are in custody in Delhi’s Tihar jail since March 4, 2014. A bench...

The Supreme Court on Friday gave Sahara Group chief Subrata Roy a “final chance” to raise Rs 10,000 crore - Rs 5,000 crore in cash and Rs 5,000 crore in bank guarantee - to make part repayment of investors’ money raised by the company in 2008 and 2009, which is also a condition for his and two other...

The Sahara Group Wednesday told the Supreme Court that its deal with the Mirach Capital Group to raise a $650-million loan to comply with the court’s order to deposit Rs.5,000 crore in cash and bank guarantee of like amount has collapsed. The apex court Jan 9 had permitted Sahara group to raise a “j...