New Delhi

How judges are removed

Article 124(4) of the Constitution lays down the procedure for removal of a judge of the Supreme Court, including the CJI, who can be impeached on grounds of “misbehaviour or incapacity.” A judge can be removed only by an order of the president, based on a motion passed by both Houses of Parliament. The procedure for removal of judges is elaborated in the Judges Inquiry Act, 1968. The Act sets out the following steps for removal from office.

SC disturbed at MPs raising CJI impeachment issue in public

The Supreme Court on Friday said it was "very disturbed" at the course of developments involving public statements by the Members of Parliament (MPs) on the removal of the Chief Justice of India (CJI). The observations were made during the hearing of a petition, a few hours before the Congress and other opposition parties submitted  a notice to Rajya Sabha chairman M Venkaiah Naidu for initiating  impeachment proceedings against CJI Dipak Misra.

Congress trying to demean judiciary: BJP

The BJP on Friday lashed out at the Congress for its move to impeach the chief justice of India, saying it was trying to “demean, degrade and denigrate” the judiciary after its “conspiracies” in the case of judge BH Loya’s death and riot charges against its Gujarat leader Maya Kodnani were exposed.

BJP spokesperson Meenakshi Lekhi told reporters that the impeachment move is an attempt to pressure the judiciary and send out the message that “either you do what we say and if you dare not do as we command”, and then it will impeach judges.

CJI impeachment set in motion

In an unprecedented step, seven opposition parties led by the Congress on Friday moved a notice for the impeachment of Chief Justice of India Dipak Misra, accusing him of “misbehaviour” and “misuse” of authority.

SC rejects plea for probe into death of Judge Loya

The Supreme Court on Thursday rejected the plea for an independent inquiry into the circumstances of the death of Brijgopal Harikishan Loya, a judicial officer in Maharashtra on December 1, 2014 (who heard the Sohrabuddin fake encounter case involving BJP president Amit Shah) holding that there are enough materials to suggest that he died of natural causes.

FTTL raises 2nd tranche of funds

Delhi-based startup Fir­st Time Travellers has (FTTL) raised fresh fu­nds of Rs 1.30 crore from angel investor Manoj Prasad val­uing the company at more than Rs 36 crore. This is second tranche of fund infusion in the startup, which operates portal, which helps make last-minute bo­oking at star hotels across various cities. The startup eyes annual turnover of Rs 700 crore by 2020 tapping the rising demand for hotels.

P&G to make open offer for 51.8% stake in Merck India

Shares of Merck zoomed nearly 19 per cent on Thursday after Procter & Gamble announced it will acquire a 51.80 per cent stake in the company for Rs 1,289.88 crore as part of a global deal under which it is taking over German firm Merck KGaA's international consumer health business.

The global deal is for about 3.4 billion euros (Rs 27,677 crore) in cash.

P&G will acquire Merck's majority shareholding in Merck (India) and make a mandatory tender offer to minority shareholders.

NCLT declares rebid for Essar Steel invalid

ArcelorMittal and Nu Metal will get another chance to prove their credentials to take over Essar Steel, facing insolvency proceedings in bankruptcy court.

The Ahmedabad bench of the National Company Law Tribunal (NCLT) on Thursday declared invitation of the second round of bids for Essar Steel as invalid, brightening the chances for these two companies to another chance to acquire the bankrupt steel maker.

Fortis forms panel to evaluate binding offers

Fortis Healthcare on Thursday said its board has approved evaluation of binding offers from suitors and formed an expert committee to assess the same. The advisory committee will be chaired by Deepak Kapoor, former chairman and CEO of PwC India, the company said in a statement after its board meeting. The company had received binding offers from Manipal/TPG consortium and Munjal and Burman family offices. It had also received non-binding expression of interests from IHH Healthcare Berhad and Fosun Health Holdings.