New Delhi [India], April 2 (ANI): The Supreme Court has asked whether it can pass any interim order on a plea of Amazon that Future Retail Ltd's (FRL) assets including Big Bazaar shops not be alienated till the dispute over its merger with Reliance Retail is decided by the arbitral tribunal.

Mumbai Oct 26 PTI The Bombay High Court on Tuesday granted an interim injunction against Zee Entertainment Enterprise Ltds ZEEL largest shareholder Invesco restraining the latter from going ahead with the requisition of an extraordinary general meeting EGM seeking removal of the ZEEL MD and CEO Punit Goenka A single bench presided over by Justice Gautam Patel said I have granted an injunction to the respondents A detailed order of the court is awaited The high court had reserved its order on the issue last week after ZEEL had told the court that it was not willing to hold an EGM of shareholders as requested by its largest shareholder Invesco The submission was made in response to a previous suggestion made by the Bombay HC whereby Justice Patel had asked the ZEEL if it was willing to hold such a meeting Senior counsel Gopal Subramanium who appeared for ZEEL had told the HC at the time that the companys Board of Directors could not grant permission for something that could turn out to be illegal Invesco Developing Markets Fund and OFI Global China Fund the largest investors of ZEEL had sent a requisition to the company on September 11 to call for an EGM for the removal of MD and CEO Punit Goenka and two other non-independent and non-executive directors from the companys board It had also sought the induction of six new independent directors ZEEL however moved the HC on October 2 seeking that the court declares the requisition notice for a shareholders meeting sent by Invesco as illegal and invalid PTI AYA NSK NSK

New Delhi Sep 22 PTI The Supreme Court on Wednesday declined a plea filed by Shree Padmanabha Swamy Temple Trust run by the Travancore royal family seeking to exempt it from the audit of 25 years as ordered by the top court last year A bench headed by Justice U U Lalit said the audit should be completed as early as possible preferably within three months It is clear that the audit contemplated was not intended to be confined to the temple only but with respect to the trust This direction has to be seen in light of the reports of the amicus curiae in the case as recorded in order dated 2015 said the bench also comprising Justices S Ravindra Bhat and Bela M Trivedi The apex court however refrained from passing any order on the plea of the Trust to exempt it from the administrative supervision of the Administrative Committee constituted by it saying that it requires factual analysis The Administrative Committee of the Shree Padmanabhaswamy Temple in Kerala had on September 17 told the apex court that it is in great financial stress and the offerings are not sufficient to meet the expenses while seeking an audit of the temple-related trust run by the Travancore royal family All temples in Kerala are closed and while this temples monthly expenses are Rs 125 crore we are able to hardly get 60-70 lakh rupees Therefore we have sought certain directions senior advocate R Basant appearing for the committee had said The temple is in great financial stress and we are not able to function Basant had said alleging that the Trust is trying to avoid its obligation by not making their record available for audit The Trust has 287 crore in cash and 195 crore in assets as per the 2013 auditors report and that is why the entire thing has to be gone into to find out how much money it has he had said The Trust is constituted as per courts order and it must contribute to the temple Basant had told the bench Senior advocate Arvind Datar appearing for the Trust had argued that it is a public Trust made by the Royal family and has no role in administration The Trust was just mentioned by the Amicus Curiae in the case not as part of the petition he said The Trust was constituted only to oversee the pujas and rituals of the Temple involving the family with no role in the administration It came into picture before the Supreme Court only after the amicus curiae demanded that the accounts of the trust also should be audited he had said adding that it need not be audited as it is separate from the temple Datar had submitted that the Trust is a public trust started by the ruler and its objects are there inside the temple Even the initial petitions never mentioned trust The affairs were never the matter of litigation We are an independent trust and have our own trustees subject to our income tax regulations We dont want the administrative committee to have a supervisory role over our trust We will perform our job as a trust and if we dont perform we will lose our benefits under law We were never part of the temple Datar had said The top court had earlier set aside the 2011 verdict of the Kerala High Court which had directed the state government to set up a trust to take control of management and assets of the historic temple It had delivered the verdict on a batch of appeals including the one filed by the legal representatives of the Travancore royal family challenging the January 31 2011 verdict of the high court in the matter The apex court upheld the rights of the Travancore royal family in the administration of the temple considered one of the richest temples in the country It had directed the Administrative Committee to order an audit of the temples income and expenses for the past 25 years as suggested by amicus curiae senior advocate Gopal Subramanium The sprawling temple an architectural splendour in granite was rebuilt in its present form in the 18th century by the Travancore Royal House which had ruled southern Kerala and some adjoining parts of Tamil Nadu before integration of the princely state with the Indian Union in 1947 The controversy over the administration and management of the historic temple was pending in the apex court for the last nine years in the wake of charges of alleged financial irregularities Even after Indias independence the temple continued to be governed by a trust controlled by the erstwhile royal family for whom Lord Padmanabha Vishnu is their family deity The high court had directed the state government to take steps to set up a body or trust to take control of the temple its assets and management and to run the temple in accordance with the traditions The top court was in July 2017 told by senior advocate Gopal Subramanium who is assisting the court as an amicus curiae in the matter that kallara vault B of the temple should be opened as it was closed on the apprehension that there is some mystical energy PTI PKS SA