Karnataka Bank Ltd, Dish TV India Ltd, Jaiprakash Associates Ltd and FDC Ltd are among the other losers in the BSE s A group today, 27 May 2021.
Karnataka Bank Ltd, Dish TV India Ltd, Jaiprakash Associates Ltd and FDC Ltd are among the other losers in the BSE s A group today, 27 May 2021.
Wockhardt Ltd tumbled 14.89% to Rs 668.9 at 14:49 IST.The stock was the biggest loser in the BSE s A group.On the BSE, 5.31 lakh shares were traded on the counter so far as against the average daily volumes of 2.69 lakh shares in the past one month.
Karnataka Bank Ltd lost 8.21% to Rs 66. The stock was the second biggest loser in A group.On the BSE, 6.15 lakh shares were traded on the counter so far as against the average daily volumes of 1.94 lakh shares in the past one month.
In a letter to JIL s Interim Resolution Professional Anuj Jain, the Chairman of Jaiprakash Associates Ltd Manoj Gaur has urged him to consider JAL s settlement offer, which was submitted before the Supreme Court in 2019. Asserting that JIL has more assets than liabilities, Gaur has also claimed that lenders would not be entitled to exercise their rights on loan guarantors if the realty firm is sold at a "throw away price".
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In its 16 March 2021 judgment in
Neena Aneja v Jai Prakash Associates Ltd (Civil Appeal 3766-3767 of 2020), the Division Bench of the Supreme Court dealt with the issue of:
[w]hether a complaint which was filed and registered under the Act of 1986, before the new [Consumer Protection]
Act of 2019 came into force, has to be entertained under the provisions of the erstwhile legislation[.]
Facts
Said issue arose from a complaint (for claims of Rs21.9 million) which had been filed by the appellant before the National Consumer Dispute Redressal Commission on 18 June 2020. In an order dated 30 July 2020, the commission dismissed the complaint on the ground that following the enactment of the Consumer Protection Act 2019 (which took effect from 20 July 2020), its pecuniary jurisdiction has been enhanced from rupees one crore to rupees ten crores . Further, the commission dismissed a review against said order on 5 October 2020.