Finolex Cables AGM: SC summons NCLAT bench for defying order
Chief Justice of India DY Chandrachud said the National Company Law Tribunal and National Company Law Appellate Tribunal have gone to rot. The court has set aside the order and called for fresh hearing
Devastated by the judgment; court passed the buck to the state, says same-sex marriage petitioner
However, the petitioner and the lawyer who represented the petitioners feel there's been a change in the way society in India now views queer people. That is a positive, they said.
Same sex marriage: Supreme Court refuses to recognise same sex marriage, calls it the domain of Parliament
The court reserved the judgment on a bunch of pleas on May 11 after a marathon hearing in March and April with nearly 40 lawyers arguing for and against the matter.
Raghav Chadha suspension: SC issues notice to RS secretariat, seeks AG's assistance
The court has sought for the assistance of Attorney General for India R Venkatramani in deciding the issue, since it raises some important questions of law. The case is likely to come up hearing on October 30
SC rejects telcos’ plea of licence fee be treated as revenue expenditure
SC accepted Income Tax Department's contention that since the annual payment based on Adjusted Gross Revenue is again only towards License fees and merely because it is paid based on the annual gross revenue the payment cannot be construed as revenue expenditure.
Engine lessor and SpiceJet arrive at interim settlement, will revisit the case in February 2024
According to the terms of the settlement, SpiceJet must pay a certain to Engine Lease finance by January. SpiceJet has also undertaken to return the engine which is the bone of contention by January 25
NCLAT suspends Finolex order after SC orders probe against tribunal
On October 13, the court has asked NCLAT chairperson Justice (retd) Ashok Bhushan to conduct an inquiry whether a bench of the appellate tribunal defied the court's order. The report will be submitted by 5pm on October 16
Delhi HC defers Akasa Air's plea against DGCA to March 2024
The case is now likely to come up for hearing on March 12, 2024.
SC orders enquiry against NCLAT bench, asks chairperson to submit report by Oct 16
The case pertained to the Annual General Meeting (AGM) of Finolex cables. The NCLAT had in September 2023, passed an order directing status quo on conduct of the AGM, till they adjudicate on the dispute between cousins Prakash Chabria and Deepak Chabria.
Maran Vs SpiceJet case: Delhi HC defers hearing to November 20
The HC has also asked SpiceJet to file a copy of their statement of accounts for the quarter ending September 30.
Zee-Sony merger: NCLAT defers hearing on ZEEL case to October 31
The National Company Law Tribunal (NCLT) had on August 10 approved the merger of Zee Entertainment and Sony Pictures Networks India (SPNI), paving the way for the creation of a $10-billion media giant in the country
Go First case: 'Evident cannibalisation of aircraft', Delhi HC notes in order in plea by lessors
The lessors have been permitted to contract round-the-clock security services for all the aircraft. The resolution professional will have to supply all the documents pertaining to the aircraft's maintenance and airworthiness to the lessors.
Zee-Sony merger: NCLAT defers hearing of Axis Finance's plea challenging deal
Axis Finance's lawyer asked the tribunal to defer the hearing of the plea as IDBI's appeal against the same order is expected to come up for hearing tomorrow.
Go First Case: Delhi High Court allows lessors to engage security to monitor aircraft
Go First's resolution srofessional has been directed to grant the lessors access to all the documents pertaining to the maintenance of aircraft, engines and airframes in two weeks
Jet Airways-JKC case: NCLAT defers hearing to November 1
On October 4, the lenders of the grounded airline Jet Airways told NCLAT that the compliance by Jalan Kalrock Consortium (JKC) in depositing Rs 200 crore did not align with the resolution plan.
Power ministry outfit under NCLT glare on bankruptcy plea by vendor
According to NEEV, EESL owes them Rs. 3.23 crore, that the PSU has not paid.
Delhi HC rules in favour of Arcelor Mittal Nippon Steel in arbitration dispute with IOCL
The dispute emanated from a gas supply agreement entered into between Essar Steel Limited and IOCL in 2009, prior to Essar being taken over by Arcelor Mittal Nippon Steels almost a decade later
Humans of Bombay vs People of India: No monopoly in running storytelling platforms, says Delhi HC
The HC noted that it will not restrain anyone from running a platform like Humans of New York or Humans of Bombay, however, when images and content owned by one platform is used by the other platform without authorisation, it amounts to copyright violation
Can’t afford to have one-fifth of nation in poll mode every year: BJD MP Pinaki Misra
The Lok Sabha MP from Odisha was speaking about the "one nation, one election" policy. Continuous election mode is something that impels the parties to give freebies to the electorate, he said
Delhi govt’s continuous war with the Centre is harmful for India’s image: BJD MP Pinaki Misra
Explaining why BJD supported the National Capital Territory of Delhi (Amendment) bill in parliament, the four-time MP from Puri noted that Delhi has a unique position in the constitution as it is the capital of the nation,
We are very happy to have a full quorum: CCI Chairperson Ravneet Kaur
On September 19, the government appointed three new members to CCI, merely days after retirement of member Sangeeta Verma
Jet Airways case: Jalan Kalrock has no intention to implement resolution plan, lenders in SC filing
The filing further alleges that Florian Fritsch, JKC 's foreign partner has never come forward or even met the lenders at any stage though requested by them
SpiceJet, Celestial Aviation exploring possibility of settlement, lawyers tells NCLT
Celestial is the fifth lessor to move an insolvency plea against SpiceJet. Pleas by lessors such as Willis Lease Finance, Aircastle and Wilmington are already pending at the NCLT
SpiceJet case: Study impact of recent IBC notification on aviation leases, NCLT tells lessors
The cases have now been deferred and are likely to come up for hearing on November 7. Meanwhile, the lessors and SpiceJet will have to analyse the impact of the notification in the present case
