Great Britain is no longer part of the European Union. This ends the free movement of goods between the United Kingdom and the European Union. India perceives it to be a good chance to improve trade relations with both but hurdles remain.
A court in the United Kingdom on Thursday ruled that diamond merchant Nirav Modi could be extradited to India to face charges of fraud and money laundering in the Rs 14,000-crore in the Punjab National Bank (PNB) scam case.
The Calcutta High Court has held that while Indian Courts do have the power to grant anti-arbitration injunctions in foreign seated arbitration, they must use this power sparingly and with abundant caution.
The Supreme Court has sought an explanation from its Registry as to why review petition filed by Vijay Mallya against the judgment of May 2017 wherein he was found guilty of contempt for not paying Rs 9000 crore to banks, was not listed before the court for last three years.