TRENDS
X Corp vs govt case: Karnataka HC asks company to deposit 25 lakhs as bonafide
The high court made it clear that asking the company to deposit the amount should not be treated as an acceptance by the court that Twitter has a case.
TRENDS
Prospective buyer of Jet Airways’ aircraft moves NCLAT to enforce sale
Ace Aviation Limited had earlier approached the National Company Law Tribunal (NCLT) in Mumbai, which refused to entertain the plea to avoid multiplicity of proceedings and in the interest of all stakeholders
TRENDS
NCLT defers hearing in ICICI Bank insolvency plea against Supertech Township to Aug 16
The case is likely to come up for hearing on August 16
TRENDS
Kalanithi Maran seeks attachment of 50 percent of SpiceJet's daily revenue
The case is likely to come up for hearing on August 24. The court has also asked SpiceJet's Chairman and Managing Director Ajay Singh to be personally present in the court.
TRENDS
Flipkart parent Walmart India seeks to cut share capital to adjust losses
Flipkart told Moneycontrol that reduction of share capital will not have any impact on creditors and shareholders of the company.
TRENDS
Insolvency plea: Willis should have sent fresh insolvency notice to SpiceJet, NCLT observes
The tribunal asked ow a fresh insolvency plea could be filed for the same cause of action, without first sending a notice to SpiceJet under the provisions of the Insolvency Code. Wills withdrew its earlier insolvency plea against the airline in March 2023 due to some technical defects
TRENDS
Battery cartel case: Geep challenges CCI’s recovery notice for levying interest from 2018
Geep challenged CCI's recovery notice dated July 17 levying 1.5% simple interest on a Rs 2.4 crore penalty amount. It claimed that levying of interest on penalty is in violation of CCI's penalty recovery regulations
TRENDS
Go First ticket refund case: Not taking stand on the issue, Insolvency board tells NCLT
The NCLT, however, directed them to file this in the form of a reply and adjourned the case to August 25. On July 31, Go First said it has to refund Rs 597 crore to 15.5 lakh passengers since its grounding on May 3
TRENDS
Jet Airways case: Pay Rs 350 crore as bonafide, CoC tells Jalan Kalrock Consortium
CoC of grounded airline Jet Airways told the NCLAT that they may choose not to pursue the appeal against transfer of the airline's ownership to Jalan Kalrock Consortium if it pays Rs 350 crore towards fulfilling condition precedents
TRENDS
Supreme Court refuses Go First's appeal against Delhi HC order on aircraft inspection
The court refused the plea, saying the Delhi High Court hearing was at an advanced stage. The move is a blow to the cash-strapped airline's efforts to resume operations
TRENDS
SC allows ED custody of TN Minister Senthil Balaji in cash-for-jobs scam
Apex court dismissed the petitions filed by Balaji and his wife challenging the Madras High Court judgment upholding his arrest by ED
TRENDS
CJI-led bench of Supreme Court to hear Go First's appeal on August 7
Go First's RP filed an appeal against the Delhi High Court division bench's order on August 2.
TRENDS
Termination of leases a culmination of defaults committed by Go First, lessors tell Delhi HC
The hearing of the case is likely to continue on August 7
TRENDS
NCLT defers Go First case hearing to September 1
The case is likely to come up for hearing on September 1.
BUSINESS
Blinkit vs Blinkhit: SC rules in favour of Zomato's grocery delivery arm in trademark dispute
Blinkhit had filed a suit alleging trademark violation against Zomato-owned Blinkit
BUSINESS
Madras HC dismisses pleas of Indian startups against Google's app billing policy
Indian startups had approached the Madras High Court challenging Google's notice to either adopt its new app billing policy or face delisting from the app marketplace.
TRENDS
Defamation case: SC stays Rahul Gandhi's conviction, paves way for his return as MP
The judgment convicting Gandhi in the Modi surname case did not spell out the reason for awarding the maximum sentence of two years, the court said. The stay also keeps alive Gandhi's hopes of contesting the 2024 Lok Sabha elections
TRENDS
Nokia patent case: SC dismisses Oppo’s challenge to HC order asking it to pay 23% of India sales
A division bench of the HC in July passed the order after it found that the Chinese smartphone maker was using Nokia's technology without the requisite consent
TRENDS
Supreme Court to hear Manish Sisodia's bail plea on September 4
The court will hear the plea for interim bail along with that for regular bail. It has also asked the Enforcement Directorate and Central Bureau of Investigation to give it a clear picture of the money trail
TRENDS
SC refuses to hear Rana Kapoor's bail plea in DHFL money-laundering case
The court said the DHFL case had put Yes Bank through a lot of trouble, forcing the Reserve Bank of India to intervene, as it asked ED to expedite the trial
TRENDS
Go First case: ‘No one will lease aircraft to an Indian airline if this continues’, lessors tell Delhi HC
The lessors said that the DGCA must adhere to the IDERA convention, which allows lessors to get their aircraft deregistered, repossess and repatriate in cases an airline fails to make payments
TRENDS
Go First takes lessors to SC, challenges HC order rejecting its appeal against lessor aircraft inspection
The appeal, which has been filed in the Supreme Court on August 2, and is currently under scrutiny by the registry for technical defect.
TRENDS
Mediation bill will prevent protracted litigation, enable ease of doing business
The bill puts a mediated settlement agreement on par with a court order, thus imparting a finality to the proceedings. Also, disputes have to be resolved in 180 days, extendable by another 180 subject to bona fide causes.
TRENDS
Oppo challenges Delhi HC order asking it to deposit 23% of India sales for infringing Nokia patent
The Finnish company has accused the Chinese smartphone maker of using its technology without its consent. The case will likely come up before a bench led by Chief Justice of India on August 4
