BUSINESS
Lawyers laud budget announcement on additional NCLT, DRT benches to reduce pendency
In order to unclog NCLT, which has been facing criticism over delays, the government plans to add new benches to exclusively hear cases filed under the Companies Act, 2013.
BUSINESS
Delhi High Court sets aside DRI proceedings against Hero Group chairman Pawan Munjal
The order is likely to strengthen Munjal's petition against the Enforcement Directorate proceedings, as the DRI case was based on ED's money-laundering investigation
INDIA
Supreme Court declines re-test of NEET-UG 2024, says sanctity of exam not breached
Last week, the Centre in an affidavit opposed a re-test, saying data analysed by the Indian Institute of Technology-Madras didn’t show there was “mass malpractice” in the entrance exam.
BUSINESS
FM announces increase in monetary limit for filing tax litigation in tribunals, courts
As a result of the increase, the government cannot pursue tax litigation if the amount in dispute is below the monetary limit.
INDIA
Supreme Court split on nod to GM mustard, bigger bench to decide the case
The bench in unison has asked the Centre to come up with a policy on genetically modified crops in four months
INDIA
NEET UG : SC constitutes IIT-Delhi panel to decide answer for an ambiguous question
The Supreme Court on July 22 directed Indian Institute of Technology Delhi to constitute a three member panel to decide on the correct answer for a question in the National Eligibility cum Entrance Test (NEET-UG) 2024.The panel will have to decide on the correct answer and send its response to the Supreme Court by 12 PM on July 23.
BUSINESS
Increase NCLT benches in Union budget to make IBC more effective, lawyers tell govt
Lawyers opined that increasing the number of benches at NCLT will reduce pendency, which in turn will strengthen India’s insolvency framework.
TRENDS
Byju Raveendran moves Karnataka HC against insolvency order, withdraws it to pursue NCLAT appeal
Raveendran will now pursue the regular appeal before National Company Law Appellate Tribunal (NCLAT). The appellate tribunal is expected to hear the plea on July 22 (Monday).
INDIA
Karnataka quota bill: Why was a similar law by Haryana struck down?
Less than a year before the Karnataka government’s decision to pass such a bill, the Punjab and Haryana High Court struck down a similar bill by Haryana.The Punjab and Haryana HC held that it was not for the state to direct a private employer who it has to employ based on merit.
TRENDS
Supreme Court adjourns to July 31 pleas against retrospective GST notices to RMG firms
Thirty petitions have been filed by real money gaming companies challenging retrospective GST notices that have collectively demanded more than Rs 1.5 lakh crore
INDIA
NEET UG 2024: SC asks NTA to publish centre-wise results masking identity of candidates
NTA asked to publish the marks on its website and the results must be declared in relation to each centre by July 20 noon.
INDIA
CJI Chandrachud administers oath to two new Supreme Court judges, including first from Manipur
Jusitce Kotiswar Singh, who was one of the two judges who took oath today, is the first SC judge from Manipur.
BUSINESS
Byju's challenges insolvency order in NCLAT, hearing likely on July 22
While Byju's wanted the plea to be heard immediately or on July 19, NCLAT indicated it will only be able to hear the case in the coming week. NCLT ordered insolvency proceedings against Byju’s for failing to pay dues to BCCI
INDIA
Delhi HC reserves order on Arvind Kejriwal's plea challenging arrest by CBI
The court will on July 29 hear a plea seeking regular bail for Kejriwal who was arrested by the CBI on June 26
BUSINESS
Byju’s insolvency: What happens to the company now, how ex-employees can recover dues—and more
Tricky questions could surface over the next few months with embattled edtech company Byju’s, once India’s hottest startup with a $22-billion valuation, entering the insolvency process.
BUSINESS
NCLT disposes of US lenders' insolvency plea against Byju's, asks them to approach RP
Earlier on July 16, NCLT admitted Byju's parent Think and Learn to insolvency resolution process in a plea filed by BCCi
BUSINESS
Byju’s to seek out-of-court settlement with BCCI over insolvency dispute
On July 16, the National Company Law Tribunal (NCLT) admitted Byju's parent company, Think and Learn Pvt Ltd, into the insolvency resolution process following a plea filed by the BCCI. The edtech spokesperson said its lawyers are reviewing the order and will take necessary steps to protect the company’s interests.
BUSINESS
NCLT admits Byju's to insolvency resolution process, order passed in BCCI's plea
As per the IBC, the control of the company will now be taken from the current management and will be given to the creditors of the company. Furthermore, no assets of Byju's can be transferred while the company is in CIRP. IBC also prohibits institution of any suits or pursuing any existing cases against Byju's.
BUSINESS
SC junks review plea against judgment on Adani-Hindenburg issue
The order, which was made available on July 15, said "Having perused the review petition, there is no error apparent on the face of the record. The review petition is, therefore, dismissed."
BUSINESS
Vodafone Idea seeks urgent listing of curative plea on AGR dues, CJI to take a call
The curative plea was filed in September and since then there has been a restructuring and the company’s backers want a closure to the AGR issue, Vodafone Idea told the court
INDIA
Delhi HC refuses bail to Bibhav Kumar in Swati Maliwal assault case
The HC noted that even though Kumar is an aide to Deli CM Kejriwal, he wields considerable influence and is capable of influencing witnesses, hence it would not be possible to grant him bail at this point in time.
INDIA
Supreme Court grants interim bail to Arvind Kejriwal in ED case
However, the Delhi Chief Minister will still remain in prison as he was arrested by the CBI in connection with the excise policy case. Kejriwal has moved the Delhi HC seeking bail in the CBI case, it is expected to be heard by the court on July 17.
INDIA
Will SC’s judgement on maintenance for divorced Muslim women be applicable on the Bharatiya Nagarik Suraksha Sanhita?
The new criminal laws came into effect in the country on July 1. The three laws were approved by Parliament during the winter session of 2023 and received the President’s assent on December 25, 2023.
INDIA
SC to announce judgment in Arvind Kejriwal's plea challenging ED arrest tomorrow
A bench led by justice Sanjiv Khanna will pronounce the verdict at 10:30 AM tomorrow.
