Arguing at the National Company Law Tribunal, the Resolution Professional noted that Go First had received communications terminating the leases after May 2, the date on which the airline announced its plan to enter voluntary insolvency
Chief Justice of India DY Chandrachud will take a call on whether the case will be heard by a bench of five judges or seven judges.
The court had on August 24 directed Singh and SpiceJet to pay Rs 100 crore to Maran by September 10
In May 2022, SpiceJet and Credit Suisse entered into an agreement to resolve a payment dispute, which arose after the airline failed to clear dues to SR Technics, a Switzerland-based company that provides aircraft maintenance services. SpiceJet defaulted on dues amounting to $20 million.
NCLT passed the order on a plea by Vista Processed Foods Pvt Ltd, which has accused Goli Vada Pav of failing to repay a debt of Rs 3.56 crore
Securities Exchange Board of India (SEBI) is expected to finish its arguments on September 13 while Goenka's lawyers are expected to give a rejoinder to SEBI's arguments on September 14.
Constitution benches of the Supreme Court have played a key role in laying down the law of the land. If a case is likely to have a larger national impact, or it is likely to decide the law for good, a constitution bench is formed.
The case was deferred after Ace Aviation told the appellate tribunal that they are awaiting the outcome of their application at the NCLT
In September 2022, a GST intelligence unit issued a show-cause notice to Gameskraft Technology alleging that the company failed to pay Rs 21,000 crore in GST, the biggest such claim in the history of indirect taxation.
Justice Prathiba Singh, who passed the order, however made it clear that this was only an interim order and not a final one. The judge further more capped the levy of staff contribution to 10 percent of the bill and directed the restaurants to mention the same in their menu cards
In July 2023, a single judge of Delhi High Court held that PayPal was liable to be viewed as a payment system operator under PMLA and will have to comply with reporting obligations.
Justice Dinesh Kumar Sharma, who presided over the bench, orally observed that as per media reports, SpiceJet is doing well and therefore urged Singh to enter into a settlement with the complainant.
Haldiram had sought a demerger and an amalgamation of different sets of companies whose paid-up share capital ranged from Rs 10 lakh to Rs 10 crore
The apex court deferred the hearing due to paucity of time
Lenders have objected to Jalan Kalrock Consortium's argument that the Rs 150 crore performance bank guarantee be adjusted towards the Rs 350 crore payment
The tribunal also questioned the motive of Go First's lenders for filing a separate application to make their submissions in the pleas by lessors, why the Resolution Professional (RP) is already acting in their interest
In March 2023, CJI DY Chandrachud and Singh engaged in a verbal spat in the open court over the latter mentioning a plea seeking land for lawyers’ chambers for urgent listing
Senior advocate Kapil Sibal, representing Jammu and Kashmir National Conference leader Mohd Akbar Lone, objected to the bench recording the figures provided by the Centre. Sibal contended that the figures should not be officially documented as they might "influence the judgment" of the court.
The NCLAT has decided to hear IDBI Bank's plea against Zee Entertainment Enterprises Limited (ZEEL) on October 11. ZEEL is to file a response in two weeks. During the course of the hearing NCLAT observed that the case is to be heard as it involves a point of law
Jackson is the second lessor to approach the appellate tribunal after Engine Lease Finance BV. On August 18, the NCLAT modified NCLT's July 26 order to permit the engine lessor to carry out inspection of their four engines leased to Go First.
In August, SEBI passed an order revising the directions it had given to ZEEL's former directors Subhash Chandra and Punit Goenka, asking its investigating officials to complete the enquiry in eight months
The two cases deal with different aspects of the arbitral award in the dispute between Spicejet cofounder and chief Ajay Singh, and media baron Kalanidhi Maran.
The case is expected to be heard by the tribunal shortly as it was listed at the Registrar's court today.
The caveat has been filed against Delhi HC's August 24 order refusing to stay the operation of an arbitral award
The case is now likely to come up for hearing on September 18.