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May 30, 2020

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PMC Bank Fraud Case

This bank was established on February 13, 1984 as a single branch cooperative Bank. Punjab & Maharashtra Cooperative (PMC) Bank is a Scheduled Urban Co-operative Bank with its area of operation in the States of Maharashtra, Gujarat, Delhi, Goa, Karnataka, Madhya Pradesh and Andhra Pradesh. The commencement of the banking business of PMC taken place on February 13, 1984. It operated nicely and within a time of 35 years, the Bank has a wide network of 137 branches across six states. PMC has 1814 number of employees and now this bank stands among top 10 co-operative banks of the country. Read More
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Satyam Scam

The Satyam Scandal Name: Sakshi Pandey Roll No.: M1944 College: FCRIMS MMS-SEM2 Satyam Scam was the big corporate scam that occurred in India in 2009 and is also regarded as “Debacle of the Indian Financial System”. After studying about the Satyam Scam in detail, this is best what one can explain about it. Read to know in detail about Satyam Scam. IT Company name Satyam Computers was started by Ramalinga Raju and his brother in law in 1987. Raju was Harvard Graduate and an impressive personality. Satyam was Hyderabad based company. In 1991-92 Satyam computers was listed on BSE (Bombay Read More
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Reebok vs CrossFit Inc. dispute

NAME- Ranjeet Shetty / Roll no- M1940 Father Agnel Business School, Vashi Law case study: Reebok vs CrossFit Inc. Reebok International Ltd. and CrossFit Inc. have reached a settlement in their legal dispute over a licensing agreement the pair made in 2010. Eight years into the 10-year partnership, CrossFit in June filed suit against Reebok, alleging breach of contract and breach of covenant of good faith after it said the brand made a “unilateral change” in how it calculates CrossFit’s royalties. “Every partnership confronts challenges from time to time. Great partnerships learn from them, overcome them and become stronger in Read More
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Amazon v. Rohit Reddy Chintha

Date of the case : May 4,2016 Outcome of the case: Holding Amazon guilty of deficiency in service, Bengaluru Rural and Urban Additional District Consumer Disputes Redressal Forum has directed it to refund Rs 2,85,284 within a month Summary of the case: Rohit Reddy Chintha from Hitech city, Hyderabad, had placed an order for the gold coins on August 25, 2015 at Amazon Seller Service Private Limited located in Malleswaram with order No-171-7238017-9209918 and received the courier on October 2, 2015 under the impression that the courier contained the gold he ordered. He was shocked when he opened the package Read More
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SALOMON VS SALOMON Co Ltd [1897]

Name: Sujna Alva Roll no: M1954 College: Fr. C Rodrigues Institute of Management Studies, Vashi MMS- SEM II Salomon v A Salomon & Co Ltd [1897] The case of Salomon v Salomon revolves around Mr. Salomon, a businessman who incorporated his business; and given the requirements put forth in the Companies Act 1862 which require the presence of at least seven shareholders, he made his family members as business partners issuing one share to each of them (Keenan & Riches 2009). The business was bought at £39,000. Mr. Salomon held some 20,000 shares and since £10,000 was not paid for, Read More
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sebi-disposes-case-against-sterlite-technologies

Name-Sandhya Nalgude Roll No-M1946 College-Fr.C.Rodrigues Institute Of Management Sub- Legal Aspects Of Business.Capital market regulator Sebi today disposed of the case against Sterlite Technologies regarding failure by the firm to redress the investor complaints within the stipulated time. Securities and Exchange Board of India (Sebi) said that the charges against the company “could not be established”. “…in few cases the noticee (Sterlite Technologies) could not redress the complaints within stipulated time as it did not receive the requisite information from the complainants inspite of repeated reminders,” Sebi said. Sebi had observed that as on January, 2013, 8 investor grievances were Read More
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sebi-disposes-case-against-sterlite-technologies/articleshow/26106098.cms

AddCapital market regulator Sebi today disposed of the case against Sterlite Technologies regarding failure by the firm to redress the investor complaints within the stipulated time. Securities and Exchange Board of India (Sebi) said that the charges against the company “could not be established”. “…in few cases the noticee (Sterlite Technologies) could not redress the complaints within stipulated time as it did not receive the requisite information from the complainants inspite of repeated reminders,” Sebi said. Sebi had observed that as on January, 2013, 8 investor grievances were pending against Sterlite on the regulator’s online redressal system SCORES. The market Read More
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COCA-COLA BEVERAGE V/S PLACHIMADA, 2003

Name: Chinmayee Surve Roll No: M1913 College: Fr. C. Rodrigues Institute of Management, Vashi MMS SEM – II Sub: Legal Aspects of Business COCA-COLA BEVERAGE V/S PLACHIMADA, 2003 In the summer of 2003, the Perumatty Grama panchayat, in the Indian state of Kerala, revoked Hindustan Coca-Cola Beverage’s (the India subsidiary of Coca-Cola) license to operate its factory in Plachimada village, alleging that the company’s activities resulted in drinking water scarcity and environmental problems. Where is Plachimada? Plachimada is a sparsely populated tribal hamlet in Perumatty panchayat in Palakkad district. Data from the latest round of the socio-economic census reveals that Read More
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Relationship of State Bank of India with Nifty50

Title:- Relationship of State Bank of India with Nifty50 Author:- Saira Shaikh Introduction: The State Bank of India (SBI) is an Indian multinational, public sector banking and financial services statutory body. It is a government corporation statutory body headquartered in Mumbai, Maharashtra. SBI is ranked as 236th in the Fortune Global 500 list of the world’s biggest corporations of 2019. It is the largest bank in India with a 23% market share in assets, besides a share of one-fourth of the total loan and deposits market. State Bank of India (SBI) is the country’s largest commercial bank, in terms of Read More
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Janhavi Mukesh Rakhade

Jammu and kashmir bank loan Fraud: Anti corruption bureau lodges FIR in Rs.1.68cr scam According to the ACB’ jammu and kashmir bank has a case of bank loan Fraud of amt 1.68cr. The amount was extracted by the bank to the Rice Exports India (REI) Agro ltd. As soon as the FIR was Lodged different teams Carried out trades at the houses of dozen of bank official who were accused of the fraud including the former chairman Mustaq Ahmed Shaikh, 9location for kashmir 4 for Jammu and 3 for Delhi. According to ACB houses of REI Agro’s chairman Sanjay Jhunjhunwala Read More
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