Posts

Mass protests erupt in Israel after PM Benjamin Netanyahu fires defence minister: Key points

  JERUSALEM: Tens of thousands Israeli citizens took to the streets in cities across the country on Sunday night in protest after Prime Minister Benjamin Netanyahu fired his defence minister Yoav Gallant for opposing a proposed judicial overhaul. Demonstrations took place in Beersheba, Haifa and Jerusalem, where thousands of people gathered outside Netanyahu’s private residence. Police scuffled with protesters and sprayed the crowd with a water cannon. Thousands then marched from the residence to the Knesset. The protests, which included the blocking of a main highway in Tel Aviv, have added to the ongoing crisis over Netanyahu's plan to restructure the judiciary. Here is all you need to know: The protests intensified after Netanyahu fired defence Minister Yoav Gallant for speaking out against the plan. Gallant had challenged Netanyahu's judicial overhaul plan, which has sparked widespread protests and alarmed business leaders and former security chiefs, as well as allies such ...

In Setback For Banks, Supreme Court Says Hear Borrowers Before Fraud Tag

 The Supreme Court upheld a 2020 order by the Telangana high court (File) New Delhi: The borrowers must be heard before the banks declare their accounts as fraud, the Supreme Court held today. This comes as a huge setback for banks that follow a central bank circular for classifying frauds. Declaring an account as fraud leads to serious civil consequences, the Supreme Court noted, upholding a 2020 order by the Telangana high court that was challenged by the centre. Therefore, the banks must grant an opportunity for hearing to the borrowers under the Reserve Bank of India's master circular, said a bench led by Chief Justice of India DY Chandrachud. The court emphasised on reading the "audi alterm partem" principle, which means hearing the other side, with the master circular. The RBI circular cannot be presumed as excluding the principle of natural justice, it noted. The top court also set aside a Gujarat high court judgment that held contrary to the Telangana high court j...