TRENDS
Delhi HC defers Akasa Air's plea against DGCA to March 2024
The case is now likely to come up for hearing on March 12, 2024.
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SC orders enquiry against NCLAT bench, asks chairperson to submit report by Oct 16
The case pertained to the Annual General Meeting (AGM) of Finolex cables. The NCLAT had in September 2023, passed an order directing status quo on conduct of the AGM, till they adjudicate on the dispute between cousins Prakash Chabria and Deepak Chabria.
TRENDS
Maran Vs SpiceJet case: Delhi HC defers hearing to November 20
The HC has also asked SpiceJet to file a copy of their statement of accounts for the quarter ending September 30.
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Zee-Sony merger: NCLAT defers hearing on ZEEL case to October 31
The National Company Law Tribunal (NCLT) had on August 10 approved the merger of Zee Entertainment and Sony Pictures Networks India (SPNI), paving the way for the creation of a $10-billion media giant in the country
TRENDS
Go First case: 'Evident cannibalisation of aircraft', Delhi HC notes in order in plea by lessors
The lessors have been permitted to contract round-the-clock security services for all the aircraft. The resolution professional will have to supply all the documents pertaining to the aircraft's maintenance and airworthiness to the lessors.
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Zee-Sony merger: NCLAT defers hearing of Axis Finance's plea challenging deal
Axis Finance's lawyer asked the tribunal to defer the hearing of the plea as IDBI's appeal against the same order is expected to come up for hearing tomorrow.
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Go First Case: Delhi High Court allows lessors to engage security to monitor aircraft
Go First's resolution srofessional has been directed to grant the lessors access to all the documents pertaining to the maintenance of aircraft, engines and airframes in two weeks
TRENDS
Jet Airways-JKC case: NCLAT defers hearing to November 1
On October 4, the lenders of the grounded airline Jet Airways told NCLAT that the compliance by Jalan Kalrock Consortium (JKC) in depositing Rs 200 crore did not align with the resolution plan.
TRENDS
Power ministry outfit under NCLT glare on bankruptcy plea by vendor
According to NEEV, EESL owes them Rs. 3.23 crore, that the PSU has not paid.
TRENDS
Delhi HC rules in favour of Arcelor Mittal Nippon Steel in arbitration dispute with IOCL
The dispute emanated from a gas supply agreement entered into between Essar Steel Limited and IOCL in 2009, prior to Essar being taken over by Arcelor Mittal Nippon Steels almost a decade later
TRENDS
Humans of Bombay vs People of India: No monopoly in running storytelling platforms, says Delhi HC
The HC noted that it will not restrain anyone from running a platform like Humans of New York or Humans of Bombay, however, when images and content owned by one platform is used by the other platform without authorisation, it amounts to copyright violation
TRENDS
Can’t afford to have one-fifth of nation in poll mode every year: BJD MP Pinaki Misra
The Lok Sabha MP from Odisha was speaking about the "one nation, one election" policy. Continuous election mode is something that impels the parties to give freebies to the electorate, he said
TRENDS
Delhi govt’s continuous war with the Centre is harmful for India’s image: BJD MP Pinaki Misra
Explaining why BJD supported the National Capital Territory of Delhi (Amendment) bill in parliament, the four-time MP from Puri noted that Delhi has a unique position in the constitution as it is the capital of the nation,
TRENDS
We are very happy to have a full quorum: CCI Chairperson Ravneet Kaur
On September 19, the government appointed three new members to CCI, merely days after retirement of member Sangeeta Verma
TRENDS
Jet Airways case: Jalan Kalrock has no intention to implement resolution plan, lenders in SC filing
The filing further alleges that Florian Fritsch, JKC 's foreign partner has never come forward or even met the lenders at any stage though requested by them
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SpiceJet, Celestial Aviation exploring possibility of settlement, lawyers tells NCLT
Celestial is the fifth lessor to move an insolvency plea against SpiceJet. Pleas by lessors such as Willis Lease Finance, Aircastle and Wilmington are already pending at the NCLT
TRENDS
SpiceJet case: Study impact of recent IBC notification on aviation leases, NCLT tells lessors
The cases have now been deferred and are likely to come up for hearing on November 7. Meanwhile, the lessors and SpiceJet will have to analyse the impact of the notification in the present case
TRENDS
Supreme Court to hear plea against electoral bonds from October 31
The two-day hearing will be held a week before polling begins for Chhattisgarh, Madhya Pradesh, Rajasthan, Telangana and Manipur state assemblies. The five states will go to the polls between November 7 and 30
TRENDS
SC to set final hearing date in Vedanta's case on Tuticorin Sterlite plant soon
Yesterday, CJI said that has already directed the Registrar to allocate two dedicated days for hearing the case, he confirmed today that it has been listed for final hearing.
TRENDS
Vodafone Idea warns of existential threat due to AGR penalty and interest in SC curative petition
VI has also contended that penalty and interest on penalty are more than the principle amount itself.
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Supreme Court to hear Jet Airways lenders' plea against Jalan Kalrock Consortium on October 12
Both the lenders and JKC urged the court to hear the case at the earliest as it is of great importance to aviation as a sector.
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Go First case transferred to new NCLT bench for third time since filing insolvency
Go First case was initially before the chairperson of NCLT Justice (retd) Ramalingam Sudharkar, which was thereafter transferred to a bench comprising technical member Rahul Prasad Bhatnagar in June.
BUSINESS
Govt likely to amend insolvency code to enable project-wise resolution in real estate sector: Officials
The proposed changes IBC will allow more targeted and efficient resolution of financially distressed real-estate companies. By allowing proceedings only against specific projects that have defaulted, the potential disruption to the company's operations could be minimised.
TRENDS
SC pushes hearing of Google's appeal against CCI's Rs 1,338 cr penalty to Jan 2024
The hearing was to commence on October 11 as per the SC's earlier order, it was postponed owing to constitution bench hearings.
