Interim order for ‘Shivling’ protection to continue, suit transferred to district judge: SC

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New Delhi, May 20 | The Supreme Court on Friday said its interim order of May 17, directing protection of the ‘Shivling’, which was purportedly discovered during the survey in Varanasi’s Gyanvapi mosque, without impeding the right of Muslims to offer namaz there, would continue, pending disposal of application challenging maintainability of the suit by Hindu parties, and thereafter for a period of 8 weeks.

A bench, headed by Justice D.Y. Chandrachud and comprising Justices Surya Kant and P.S. Narasimha, said taking in view of complexity of the issues involved in the suit and the sensitivity, the suit before Civil Judge, Senior Division, Varanasi should be tried before a senior and experienced judicial officer of the Uttar Pradesh Higher Judicial Service.

The top court directed the transfer of the case pending before Civil Judge, Senior Division to the District Judge Varanasi for trial.

The top court also asked Varanasi’s District Magistrate to consult with parties to ensure that appropriate arrangements are made for ‘wuzu’ (pre-prayer abolutions).

Senior advocate Huzefa Ahmadi, representing the Committee of Management Anjuman Intezamia Masajid Varanasi, contended that the status quo of 500 years had already changed by sealing the premises and added that the status quo, which existed before, must continue.

Source: IANS

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Weekly Fundamental Market Outlook

Weekly Fundamental Market Outlook

Indian share market posted its first weekly gain in Jun by rising 2.7%.

This week, the Indian Stock Market rebounded strongly and ended with first weekly gain of 2.7% in June as a drop in commodity prices offered some relief from broadening inflationary pressures. Copper prices, which are often seen as a bellwether for economic output due to their wide range of industrial and construction uses, are heading for their worst week in a year, while oil prices have dropped over concerns of slumping demand.

While the US recessionary fears are still at the forefront, but the slide in commodity prices has lifted the mood of stock market.Cheaper oil is usually beneficial for oil-importing countries such as India.

Domestically, on sectorial basis, Auto and FMCG are the top gainers, while Metal index is the top losers. On stock basis, Hero MotoCorp, Eicher Motors, Hindustan Unilever, Maruti Suzuki and M&M were the top gainers and Tata steel, UPL, Reliance Industries, hindalco Inds and Coal India were the top losers.

In the next week, investors will keep a close eye on crude oil price movement, commodity prices, US economic activity and the geopolitical development.

 

Post Disclaimer by BhaskarLive.in

The information contained in this post is source form the news agency or PR agency. We do not take any responsibility of accuracy of information. We have not made any modification or changes in original source content. This information only for general information purposes only. The information is provided by BhaskarLive.in and while we Endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.

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