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Mizoram Elections: Double Setback For Zoramthanga Loss Of Seat And Government

The Zoram People’s Movement (ZPM) has emerged victorious in 24 seats, surpassing the halfway mark in the 40-seat assembly, positioning itself to form the government in Mizoram.

Lalduhoma, ZPM’s Chief Ministerial candidate, secured a decisive win in the Serchhip constituency. In a significant blow, Mizoram Chief Minister Zoramthanga lost in the Aizawl East-1 constituency, signaling the impending defeat of the ruling Mizo National Front (MNF) in the state.

Also read: BJP Dominates 12 States, Congress 3: Mapping India’s 2024 Electoral Route

ZPM leading with 27 seats, MNF 10, BJP 2, Congress 1 and Others 0, the Mizoram Assembly’s majority mark of 21 is likely to be surpassed by ZPM, marking the second defeat of a sitting Chief Minister in this election cycle.

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SAT Overturns Sebi Decision on Mukesh Ambani

Akanksha Yadav

The Securities Appellate Tribunal (SAT) has overturned the 2021 Securities and Exchange Board of India (SEBI) order against Mukesh Ambani, Reliance Industries, Navi Mumbai SEZ, and Mumbai SEZ in a case involving alleged manipulative trades in Reliance Petroleum Ltd shares.

SEBI had fined Reliance Industries Rs25 crore, Mukesh Ambani Rs15 crore, and imposed a Rs20 crore penalty on Navi Mumbai SEZ in January 2021.

Challenging the decision, Ambani, RIL, and other entities approached SAT. On Monday, Justice Tarun Agarwala’s bench quashed SEBI’s 2021 order, stating that if penalties were deposited, they must be returned to the appellants.

Also read: BJP Dominates 12 States, Congress 3: Mapping India’s 2024 Electoral Route

The SAT held that RIL, including the Ambani brothers, had ‘not violated’ any part of the Sebi Substantial Acquisition of Shares and Takeovers (SAST) regulations. A detailed order is awaited.

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