TRENDS
Finmin notifies Delhi court to speed up trial in Sebi, Depositories Act offences
According to the notification, the Chief Justice of Delhi High Court has concurred with the ministry's proposal and has designated Additional Sessions Judge-03 at Dwarka, Delhi as the Special Court for this purpose.
TRENDS
Acres Buildwell to withdraw insolvency plea against SpiceJet
Sources revealed to Moneycontrol that the parties have resolved the dispute, as a result of which the application for withdrawal has been filed. The application is likely to come up for consideration in July 2023.
TRENDS
NCLT seeks reply from Go First IRP on petition filed by 3 lessors seeking possession of planes, engines
On May 22, the NCLAT granted liberty to the aircraft lessors to move NCLT to ascertain the status of their aircraft pursuant to the moratorium.
TRENDS
NCLT to hear pleas of 3 Go First lessors on June 5
While BOC Aviation filed an application earlier this week, lessors such as Jackson Square Aviation Ireland Limited and Engine Lease Finance BV have filed fresh pleas in NCLT
TRENDS
SC stays Allahabad HC order on examining 'rape' victim's horoscope
While giving bail to the accused in the rape case, Allahabad HC asked the horoscopes of the two to be examined by an astrologer after the man's lawyer said the woman was a "mangalik" and his client won't marry her
TRENDS
MC Explains: What are the key litigations SpiceJet is fighting in Delhi courts?
The cases related to arbitration, contempt of court and insolvency can have serious consequences on the airline’s finances and ability to continue operations.
TRENDS
Law commission's recommendation on sedition not binding, says law minster
The law minister also further said that the law commission's report on sedition is one of the steps in the extensive consultation process that the government has undertaken.
TRENDS
Hearing anti-trust cases should be CCI’s first order of business, lawyers say
Since the chairperson’s post was vacant for seven months, many anti-trust cases have been pending before the CCI. Ravneet Kaur has now taken charge as the chief of the competition watchdog.
TRENDS
Law commission recommends retaining sedition as offence in criminal law
The law commission's report has recommended that the punishment for committing an act of sedition be increased to seven years from the current punishment of three years.
TRENDS
Delhi High Court reserves judgment on Go First aircraft deregistration case
Aircraft lessors, including Pembroke Aviation, Accipiter Investments Aircraft 2 Ltd, EOS Aviation, and SMBC Aviation, filed a writ with the Delhi High Court, seeking directions to release the planes leased to the financially distressed airline.
LEGAL
Delhi HC directs SpiceJet to pay Rs 380 crore to Kalanithi Maran
According to the Delhi High Court order, SpiceJet has not complied with Supreme Court's direction from February 2023 asking it to pay Rs 75 crore to Maran towards interest.
TRENDS
Go First case: Delhi HC questions DGCA over different responses to repossession requests by different lessors
On May 30, DGCA clarified that it has put on hold requests from lessors to repossess planes from airline Go First as the carrier's bankruptcy process imposes a freeze on assets which supersedes such requests.
TRENDS
NCLT dismisses DHL's insolvency plea against Eicher over unpaid dues
DHL had filed the insolvency plea in 2022, claiming that Eicher had not paid dues worth Rs. 8.3 crore in accordance to the terms of the service agreement the two parties entered into in August 2019, regarding warehouse for storing certain goods.
TRENDS
Go First Case: IRP argues Delhi HC can't decide on aircraft lessors' plea
King's Counsel Harish Salve, representing the IRP, argued that the aircraft lessors have initiated 'parallel proceedings' despite clear directive from the NCLAT asking them to approach the National Company Law Tribunal (NCLT) on the status of aircrafts where leases were terminated prior to the moratorium.
TRENDS
CCI to resume regular hearing of cases soon
The regulator tweeted that with the appointment of Ravneet Kaur as chairperson, it has now started discharging its full mandate.
TRENDS
I was there as an Indian, says the Rabbi-lawyer who recited Torah at the New Parliament
Rabbi Ezekiel Isaac Malekar said Jews came to India 2,000 years ago, and this is the only country where they did not face anti-Semitism and persecution.
TRENDS
Delhi High Court dismisses PIL against exchange of Rs 2,000 banknotes without ID proof
On May 23, lawyer Ashwini Upadhyay, who filed the plea, appeared in person and argued that the notifications by the RBI and SBI in this regard are arbitrary, irrational, and offend Articles 14 of the Constitution of India.
TRENDS
NCLT to hear aircraft lessor's plea against cash-strapped Go First tomorrow
On May 22, the NCLAT granted liberty to the aircraft lessors to move NCLT to ascertain the status of their aircraft pursuant to the moratorium
TRENDS
Zee-Sony merger: NCLAT quashes NCLT order asking BSE, NSE to review approvals to the deal
NCLT had on May 11 directed the exchanges to reassess and validate the non-compete clause of the merger, which was approved by the Securities and Exchange Board of India
TRENDS
Jet Airways Case: NCLAT gives Jalan Kalrock Consortium more time to pay dues to SBI
On May 22, the tribunal had reserved its order on a plea by Jalan Kalrock Consortium, seeking directions to stop the State Bank of India from invoking its performance bank guarantee of Rs 150 crore
TRENDS
NCLAT to hear appeal against NCLT order on Zee-Sony merger on May 26
Earlier this month, Sebi had issued an adverse interim ruling against an entity of the Essel Group that founded Zee, which led to the NCLT asking the stock exchanges to reassess and validate the non-compete clause in the merger
TRENDS
NCLT defers hearing of insolvency plea against SpiceJet to June 1
On May 17, the tribunal has asked the airline to file a response to the lessor’s insolvency plea and explore options for a settlement
TRENDS
Modi at 9: Promises on law, digital push, better access to justice met partially
The Arbitration Council of India is yet to be set up and vacancies in the high court continue to be a drag on case disposal.
COMPANIES
DGCA informs Delhi HC on Go First: Aircraft lessor's possession application not rejected
In response to a plea filed by Pembroke Aviation seeking the release of their aircraft, the DGCA stated that the application by aircraft lessors to take possession of their aircraft has not been officially rejected.
