TRENDS
NCLAT reiterates order on Go First insolvency in pleas by three aircraft lessors
On May 22, the NCLAT upheld the National Company Law Tribunal (NCLT) order on the airline's insolvency. The lessors were asked to move an appropriate application at the NCLT regarding the question of possession of aircraft.
TRENDS
Go First case: NCLAT judgment reposes faith in India's insolvency process, lawyers say
They also acknowledged that the existing framework needs to be refined to protect the interests of all stakeholders while ensuring timely and effective resolution of insolvency cases.
TRENDS
Delhi HC reserves order in PIL against exchange of Rs 2,000 banknote without requisition slip, identity proof
Lawyer Ashwini Kumar Upadhyay contended in his plea that notifications by RBI and SBI in this regard are arbitrary, irrational and offend Articles 14 of the Constitution of India.
TRENDS
Recent TCS changes will push people back to informal forex markets: Analysts
Legal experts have pointed out that businessmen who frequently travel abroad may cross the Rs 7-lakh limit easily, and upon crossing it may choose to source foreign exchange from informal markets.
TRENDS
Jet Airways case: NCLAT to pronounce orders in consortium’s plea against SBI on May 30
Jet Airways was grounded in April 2019 over piling losses and debt of about Rs 8,000 crore. In October 2020, the airline's Committee of Creditors (CoC) approved the revival plan submitted by the Jalan-Kalrock consortium.
TRENDS
NCLAT upholds Go First's insolvency order, lessors asked to move NCLT
Go First argued that it had initiated insolvency proceedings with bonafide intentions to protect the 7,000 employees in its rolls and ensure that the country's aviation sector enjoys healthy competition.
TRENDS
In a first, Delhi HC relies on WayBack Machine certificate in patent infringement case
The Wayback Machine, founded by the Internet Archive, a nonprofit based in San Francisco, allows users to see how websites looked in the past.
TRENDS
Jet Airways case: NCLAT to hear consortium’s plea to stop SBI from invoking bank guarantee on May 22
As per the order of National Company Law Tribunal (NCLT) from January 13 the the Consortium was supposed to make the first tranche of the payment to Jet's lenders before May 15. However, the consortium is yet to make the payments.
TRENDS
SC defers Allahabad HC order to conduct scientific survey of ‘Shivling’ in Gyanvapi mosque
A bench led by CJI DY Chandrachud noted that the implications of the order of Allahabad High Court require a close scrutiny.
TRENDS
Assets worth Rs 1,500 crore stuck with Go First after moratorium, aircraft lessor tells NCLAT
The NCLAT, after hearing the arguments by the airline and the lessor, reserved the case for judgments.
TRENDS
Supreme Court get 2 new judges, Justice Mishra and senior advocate Viswanathan are sworn in
The Supreme Court now has full strength of 34 judges. Justices KM Joseph and Ajay Rastogi retire on June 16 and 17, 2023
TRENDS
MC Explains: How was Kiren Rijiju’s stint as the law minister?
Despite being a strong critic of the collegium, it was during Rijiju’s 1 year 10 months term that 18 judges of the Supreme Court were appointed
TRENDS
Govt notifies appointments of PK Mishra, KV Viswanathan as SC judges
As per the practice of the Supreme Court, Viswanathan will become the Chief Justice of India from August 2030 to May 2031
TRENDS
Supreme Court judgeship: Why the collegium’s prompt recommendations will go a long way
In what could be termed a diligent move, the CJI Chandrachud-led collegium on May 16 recommended Justice PK Mishra and senior advocate KV Viswanathan for Supreme Court judgeship.
TRENDS
SC stays West Bengal ban on The Kerala Story, producer agrees to run additional disclaimers
The SC has however adjourned the case after summer vacations, when the challenge to the Central Board of Film Certification (CBFC) certification will be heard after the judges see the movie.
TRENDS
Jallikattu to go on in Tamil Nadu, Supreme Court upholds amendment to animal cruelty law
The apex court has also upheld the laws by Karnataka and Maharashtra allowing Kamabala and bullock cart racing.
TRENDS
Delhi HC bars Zydus Wellness from using ‘SugarLite’ brand name
Overturning a lower court’s order against the Make in India firm, the Delhi High Court held that Zydus Wellness adopted the brand name ‘SugarLite’ knowing fully well that Delhi Marketing owned it.
TRENDS
Supreme Court adjourns Credit Suisse's contempt plea against cash-strapped SpiceJet
The case has now been adjourned to July 18.
TRENDS
NCLT lists SpiceJet insolvency plea by aircraft lessor for hearing on May 25
On May 8, a two-member Principal bench of the NCLT headed by President Ramalingam Sudhakar issued the notice to SpiceJet and directed it to list the matter on May 17 for the next hearing.
TRENDS
MC Explains: How a bull-taming sport from Tamil Nadu reached the Constitution Bench of the Supreme Court
Justice Joseph, who led the Constitution Bench which heard the case, is due to retire on June 16, during the court’s summer vacation, owing to which the judgment is expected to be pronounced this week.
BUSINESS
SC collegium recommends Justice Prashant Mishra, senior advocate KV Vishwanathan as apex court judges
If elevated, Vishwanathan, a native of Coimbatore, will be the fourth lawyer to be the CJI after Justice SM Sikri, UU Lalit and PS Narasimha.
TRENDS
Who is Ravneet Kaur, the newly appointed chairperson of CCI?
Kaur’s appointment comes at a time when the CCI is defending its orders in various antitrust cases in both National Company Law Appellate Tribunal and the Supreme Court. The CCI has not had a quorum for the last seven months, since its last chairperson Ashok Kumar Gupta retired in October 2022.
TRENDS
Resolution professional blames aircraft grounding for Go First's mounting liabilities
According to the affidavit "The company is anyway operating with reduced capacity and is not left with sufficient resources to pay its operating cost, overdue creditors and make good the potential devolvement of SBLCs and BGs. Hence, Company has decided to go for a resolution under Section 10 of the IBC."
TRENDS
NCLAT to pronounce verdict on appeal against Go First insolvency on May 22
On May 10, the principal bench of NCLT at Delhi admitted Go First's voluntary plea to initiate an insolvency resolution process.
