American Law enforcement and military appears to be fully compromised at this time. At the rate things are developing, there may not be a peaceful transition of power on the 20th. Underestimating the threat we are facing will have dire consequences. #RemoveTheTraitors

Virtual meeting to condole passing of Indian jurist and former Attorney General for India, Soli Sorabji

Lalit Bhasin, President of SILF: The law reports are full of the monumental cases in which Soli appeared... during his seven-decade tenure as a lawyer.

#SoliSorabjee

Attorney General KK Venugopal speaks, recounts of the large number of cases in which he and Sorabjee and appeared in together.

#SoliSorabjee

AG Venugopal: When I think of Soli, one would imagine a legend of the law, a great jurist, an attorney general twice over... and above all a lawyer who was innovative and part of the evolution of the Constitution of India

#SoliSorabjee

AG Venugopal: According to me, his success in SR Bommai.. is one of the feathers in his cap...The judgment as a deathblow to the abuse of power by the Centre...

#SoliSorabjee

AG Venugopal: I was appearing (at the time) for Karunanidhi during the height of emergency ...

The allegation that he had taken a bribe was sufficient to dismiss the government in a State, Venugopal recalls.

Franklin Templeton Update

1. Franklin Templeton (Trustees) - six schemes under winding up - have announced dates of voting to seek consent of Unitholders to wind up. Voting begins 26Dec20 at 9am

2. Supreme Court will continue to hear the case - Next hearing on 9th Dec

(1/n)

Q1: What is the voting about by FT
Ans: To validate/approve decision of Trustees to wind up 6 schemes - both Guj & Knataka Courts said Unitholder consent is mandatory

FT has now agreed to do this and this vote will take ur consent to either wind up the scheme or NOT.

(2/n)

Q2: What are the options in this Voting?

Ans: This will be the first voting. (There will be a second vote, I will explain in thread later)

In this Vote, you will have two options
YES - Wind up Schemes
No - Do not wind up, open them up

You have to choose one option

(3/n)

Q3: Should I vote YES or No?

Ans: There is fatigue in investors as their money is locked up for in these tough Covid times. It's been now over 7 months

Most investors take it as fait accompli to vote YES
FT is exhorting investors to vote YES as the best way ahead

(4/n)

Q4: But how should investors vote? YES or No?

Ans: YES will lead to wind up at a pace defined by winder (the person winds up the scheme). This will lead to best value realisation of underlying assets

NO- Will lead to immediate access to money but not best value for you

(5/n)

TATA v MISTRY

Hearing to resume today in Supreme Court. Senior Advocate CA Sundaram to continue arguments on behalf of Shapoorji Pallonji firms.

Follow this thread for live updates from court.

@tatatrusts @TataCompanies

#SupremeCourt #tatamistry

TATA v MISTRY

Bench headed by Chief Justice of India SA Bobde assembles.

Hearing commences.

@tatatrusts @TataCompanies

TATA v MISTRY

CJI SA Bobde announces that over the weekend he discovered his son who is practicing in Mumbai has been appearing for the last 2 years in a slum rehabilitation matter for a subsidiary company of Shapoorji Pallonji group.

@tatatrusts

TATA v MISTRY

CJI asks whether Harish Salve, Dr Singhvi or CA Sundaram has any objections to CJI hearing the matter.

None of them object. The same is recorded by the Court.

Hearing continues.

#SupremeCourt

TATA v MISTRY

CJI says such issues could cause potential problems in future.

Sundaram continues with his arguments.

@tatatrusts @TataCompanies

In January, we wrote to @pritipatel on behalf of 31 claimants, several standing in for their deceased parents, calling for the Windrush Compensation Scheme to be taken away from the Home Office on account of its comprehensive failure: [1/35]

It wasn’t just that the Scheme *wasn’t working*; claimants had begun to get the sense that @ukhomeoffice was deliberately setting them up to fail, and being deliberately dishonest in its promises as to reform and meaningful change. [2/35]

On 14 Dec, @ukhomeoffice had announced a package of reforms to the Scheme. These reforms were said to be the fruit of the sincere efforts of HO staff in listening to the complaints victims and stakeholders had been making for well over a year. [3/35]

A big part of the “overhaul” was the promise of Preliminary Awards of £10k. These payments were to be ‘fast-tracked’ as a demonstration of the HO’s good faith. @pritipatel told Parliament they’d be rolled out beginning the week of 14 Dec. [4/35]

A promise of “fast-tracked” anything from @ukhomeoffice is inherently suspicious, unless the thing in question is some form of abuse of migrants, refugees or PoC. Claimants - who have in many cases been waiting since mid-late 2019 to hear back - were guarded. [5/35]

1] Family handcuffed at gunpoint by police sues Aurora, Colorado. Terrible images in the complaint. These cases are filed all the time. This time it's different: Colorado has a new law.

2] According to the complaint, APD relied on license plate scanner that indicated plt's license plate matched
that of a stolen vehicle. But it was a motorcycle with Montana plates, not an SUV with Colorado plates, which was what plt was driving.

3] This would be a challenge to win in Federal Court. Police "can rely on information obtained from a police computer database in order to establish probable cause." Hughes v. McWilliams, (SDNY 2009).

4] Police reliance on cpu information is "reasonable even if the information is incorrect, provided the police officer did not know or have reason to know that the information was false or unreliable." Arizona v. Evans, 514 U.S. 1, 15-16 (1995).

5] But it seems from the Complaint that the police knew that the vehicles didn't match and possibly that the states were wrong (and aren't motorcycle plates a different size?).