POLITICS
Rajya Sabha Vice-Chairman Sasmit Patra suggests gradual shift to new Parliament building
The authorities may test the capacity of the new parliament before shifting the functioning of both houses there, Patra suggests.
BUSINESS
It’s going to be a noisy monsoon session: Rajya Sabha Vice-Chairman Sasmit Patra
Political parties are gearing up for the upcoming poll season. The key states of Rajasthan, Madhya Pradesh and Chhattisgarh are due to go to the polls towards the end of this year and India will vote to elect its next government in early 2024.
TRENDS
Go First case: NCLT seeks response from newly appointed RP on lessors' pleas
The applications are likely to be heard by the tribunal on July 6
TRENDS
Go First case: NCLT approves Shailendra Ajmera as resolution professional
Central Bank of India Limited , a member of the Committee of Creditors (CoC), moved an application in the insolvency proceedings for the appointment of a resolution professional. CoC approved Ajmera’s appointment by a 100 percent majority.
TRENDS
Coal India Vs CCI: SC holds that CIL falls under competition act despite being a PSU
As a consequence of this order, public sector undertakings such as Coal India Limited (CIL) will now come under the purview of Competition act and the Competition Commission of India.
TRENDS
Delhi High Court refuses to pass interim order against Mensa Brands in Bo International case
In a late evening hearing of the vacation bench, the High Court issued notice to the respondents asked the company to file a response to Bo Internationa's CEO Aayush Gupta's plea.
TRENDS
MC Explains: Why Supreme Court upheld the ban on bike taxis in Delhi?
While bike taxis have been legal in many states since as far back as 1981, the government of the NCT did not have a policy in this regard.
TRENDS
Go First's insolvency plea: Central Bank of India, three other lessors move applications at NCLT
These applications along with the applications of lessors such as Jackson Square Aviation, Engine Lease Finance B.V and BOC Aviation are all likely to be heard by the NCLT on June 15.
TRENDS
Google’s abuse of dominant position: CCI moves SC against NCLAT order
According to the Supreme Court's website the appeal was filed on June 5, the case is yet to be numbered as the registry has raised some technical defects in the plea.
TRENDS
NCLT questions maintainability of Aircastle's second insolvency plea against SpiceJet
According to the tribunal, a creditor is entitled to file one insolvency plea at a time and if the corporate debtor is admitted to insolvency, the creditor could lodge a consolidated claim with the resolution professional.
TRENDS
NCLT defers hearing of Wilmington's insolvency plea against SpiceJet
The case is likely to come up for hearing at the top court on June 16
TRENDS
MC Exclusive: Bo International’s CEO sues Mensa Brands over breach of contract
Bo International said Mensa’s efforts to develop the Florona brand were insufficient and led to a fall in the revenue-linked consideration payable.
TRENDS
Supreme Court sets aside stay on bike taxi ban in Delhi
On May 26, the Delhi High Court stayed a notice issued by the Delhi transport department to stop bike taxi services.
TRENDS
Wilmington Trust SP Services moves insolvency plea against SpiceJet
According to the tribunal's causelist, the case is likely to come up for hearing on June 12.
TRENDS
SC calls for Centre's response to bike taxi ban in the capital
In February this year, the Delhi transport department issued a public notice to aggregators like Uber, Rapido, and Ola to stop plying their bike taxi services effective immediately.
TRENDS
SC refuses urgent hearing to plea challenging exchange of Rs 2,000 notes without proof
This the third time that a Delhi-based lawyer has sought an urgent hearing after the Delhi High Court dismissed his PIL challenging RBI notification on the exchange of the Rs 2,000 banknote
TRENDS
NCLT seeks Aircastle's response to SpiceJet's plea questioning maintainability of its insolvency plea
The tribunal had on May 17 asked the Gurugram-based airline to file a response to the lessor’s insolvency plea and explore options for settlement
TRENDS
MC Exclusive: Go First's sole intent is to hijack insolvency process, Delhivery alleges in plea
The plea, which Moneycontrol has reviewed, notes that Go First received Rs 57 lakh on May 2, the day it filed for insolvency, despite being aware that it may not be able to render the services even in the future as Go First does not have operable fleet in its own admission.
BUSINESS
Madras HC gives relief to Indian startups over Google's billing policy
Indian startups moved the high court seeking protection from being delisted from Google Play Store for not accepting Google’s users choice billing system.
TRENDS
Bombay HC grants relief to Indian Express in defamation plea against e-paper 'Sprouts'
The High Court directed Sprouts to remove the articles making defamatory allegations against Loksatta's editor Girish Kuber and further remove the same from its social media pages.
TRENDS
Online hearing in SC makes legal system more democratic, must stay: Lawyers from outside Delhi
Virtual hearings via videoconference imparts a huge element of accessibility and helps reduce costs, lawyers note
TRENDS
MC explains: One month on, what is the status of Go First insolvency case?
The low-cost carrier blamed US engine maker Pratt & Whitney for the grounding of half of its fleet, which led to reduced income and ultimately to insolvency.
TRENDS
Bar Council of Delhi opposes entry of foreign law firms, wants permission stayed
The notification allowing foreign law firms and lawyers undermines India's legal profession, will destroy the framework and commercialise a 'noble' profession, the BCD has said in a report
TRENDS
Non-taxable income cannot be classified as 'undisclosed income' on technical grounds, ITAT holds
Income from sale of agricultural land, especially those situated in rural areas in India, is not considered a capital asset. Therefore any gains from its sale are not taxable under the head Capital Gains, irrespective of whether the sale was in cash or by account transfer.
