TRENDS
Delhi High Court directs SpiceJet, Ajay Singh to clear Maran's due by tomorrow
The court had on August 24 directed Singh and SpiceJet to pay Rs 100 crore to Maran by September 10
TRENDS
SpiceJet Vs Credit Suisse: SC sets payment deadline for Ajay Singh, warns of 'drastic measures' on failure to comply
In May 2022, SpiceJet and Credit Suisse entered into an agreement to resolve a payment dispute, which arose after the airline failed to clear dues to SR Technics, a Switzerland-based company that provides aircraft maintenance services. SpiceJet defaulted on dues amounting to $20 million.
BUSINESS
G20 Summit: India must forge FTA with UK and EU for connectivity corridor to work, says Arvind Panagariya
Noting that the economic corridor will help the Indian economy boom, Panagariya emphasised that forging FTAs will make the process of creating the corridor quicker
BUSINESS
G20 Summit: There's absolutely no doubt that India has arrived, says Arvind Panagariya
Panagariya noted that India's G20 presidency was like an elaborate wedding, he remarked that it would be difficult for other countries to replicate what India has achieved at the G20 summit.
BUSINESS
G20 Summit: China miscalculated India's emergence, says Arvind Panagariya
'There was probably a miscalculation on China's part on becoming the co-equal of the US," Panagariya said. He noted that the US would not give China an easy path to become a 'co-equal' with them
BUSINESS
Former NITI Aayog VC Arvind Panagariya rejects claims of discrepancy in India's GDP data
Speaking exclusively with Moneycontrol, Panagariya said: "Whenever the growth rate is high, there is an ecosystem alleging that there is a rigging the numbers. Such allegations are not made when the numbers are lower."
TRENDS
NCLT admits insolvency resolution plea against Goli Vada Pav
NCLT passed the order on a plea by Vista Processed Foods Pvt Ltd, which has accused Goli Vada Pav of failing to repay a debt of Rs 3.56 crore
BUSINESS
G20 Summit: US realised India's vital role in fight against China's hegemony, says Mohandas Pai
Pai, who is the former chief finance officer of Infosys, said India is a leader in the digital world, and the country is in the midst of a digital revolution. "India is one of the three great digital powers of the world," he noted.
BUSINESS
G20 summit: There is a lot of global demand for UPI says Arvind Gupta, Co Founder, Digital India Foundation
According to Gupta traders and businessmen in other countries end up shelling out of two percent of their profit margin on every transaction charges owing to which UPI will become hugely beneficial for them.
BUSINESS
Emphasis on strengthening MDBs a significant achievement of India's presidency: CEA Anant Nageswaran
Speaking exclusively with Moneycontrol, the CEA said "There is a clear statement for both voice and representation for developing countries in MDBs."
TRENDS
Zee row: SAT to continue hearing Punit Goenka's appeal on September 13 and 14
Securities Exchange Board of India (SEBI) is expected to finish its arguments on September 13 while Goenka's lawyers are expected to give a rejoinder to SEBI's arguments on September 14.
TRENDS
MC Explains: Significant SC constitution benches and judgments expected
Constitution benches of the Supreme Court have played a key role in laying down the law of the land. If a case is likely to have a larger national impact, or it is likely to decide the law for good, a constitution bench is formed.
POLITICS
Lawyers opposing electoral freebies hail PM Modi's stand on fiscal prudence
The lawyers said political parties must be held accountable for the freebies they promise.
TRENDS
NCLAT defers hearing of plea of prospective Jet Airways aircraft buyer to September 27
The case was deferred after Ace Aviation told the appellate tribunal that they are awaiting the outcome of their application at the NCLT
TRENDS
Gameskraft case: SC stays Karnataka HC's judgment quashing Rs 21,000 cr GST notice
In September 2022, a GST intelligence unit issued a show-cause notice to Gameskraft Technology alleging that the company failed to pay Rs 21,000 crore in GST, the biggest such claim in the history of indirect taxation.
TRENDS
Delhi HC permits FHRAI hotels/restaurants to levy 'staff contribution' instead of service charge
Justice Prathiba Singh, who passed the order, however made it clear that this was only an interim order and not a final one. The judge further more capped the levy of staff contribution to 10 percent of the bill and directed the restaurants to mention the same in their menu cards
TRENDS
Delhi HC defers hearing of SpiceJet chief Ajay Singh's bail plea in light of settlement talks
Justice Dinesh Kumar Sharma, who presided over the bench, orally observed that as per media reports, SpiceJet is doing well and therefore urged Singh to enter into a settlement with the complainant.
BUSINESS
NCLT urges SpiceJet to settle with lessors who have moved insolvency pleas
Lessors have filed a total of five insolvency pleas against SpiceJet in NCLT. All the pleas are likely to come up for hearing on September 15.
TRENDS
NCLT allows scheme of arrangement pertaining to six Haldiram companies
Haldiram had sought a demerger and an amalgamation of different sets of companies whose paid-up share capital ranged from Rs 10 lakh to Rs 10 crore
TRENDS
SC defers hearing of M3M directors' plea challenging Punjab and Haryana HC order
The apex court deferred the hearing due to paucity of time
TRENDS
Jet Airways case: Jalan Kalrock Consortium files caveat in SC against lenders
Lenders have objected to Jalan Kalrock Consortium's argument that the Rs 150 crore performance bank guarantee be adjusted towards the Rs 350 crore payment
BUSINESS
Go First case: Delhi HC warns RP to comply or face summons
Justice Tara Vitasta Ganju made the observation after a Go First lessor told the court that they have still not been permitted to inspect their aircrafts despite the court ordering them to do so in early July
TRENDS
Go First case: NCLT asks RP to file report on maintenance of leased aircraft, engines
The tribunal also questioned the motive of Go First's lenders for filing a separate application to make their submissions in the pleas by lessors, why the Resolution Professional (RP) is already acting in their interest
TRENDS
No personal issue with the CJI, we continue to be good friends: Former SC bar president Vikas Singh
In March 2023, CJI DY Chandrachud and Singh engaged in a verbal spat in the open court over the latter mentioning a plea seeking land for lawyers’ chambers for urgent listing
