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Tag Archives: latest legal news india

Explained: Infrastructure Leasing And Financial Services (IL&FS) Crisis

India’s financial market is reeling under high selling pressure, triggering concerns about risks in the country’s shadow banking sector. IL&FS Financial Services, a group company, defaulted in payment and failed to meet the commercial paper redemption obligations which were due on September 14. The company, on September 15, reported that …

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DoT Directs Telecom Companies To stop Using Aadhaar-Based e-KYC

NEW DELHI: The Department of Telecommunication (DoT) has barred telcos from using Aadhaar-based digital authentication in line with a Supreme Court order of September 26 that struck down the use of Aadhaar by private entities for digital authentication.  It came as big blow to the likes of Reliance Jio, Bharti Airtel …

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HC Seeks IRDAI Explanation On Denial Of Insurance Cover To People Suffering From Congenital Anomalies

New Delhi: The Delhi High Court has asked the Insurance Regulatory and Development Authority (IRDAI) to explain the reason for not granting insurance cover to people suffering from congenital anomalies. Congenital disorders, also known as congenital diseases or birth defects, are conditions present from birth. “What is the objection to giving insurance cover to …

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