Legal

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.

Hair oil war: Delhi HC stops Dabur from sharing ad on WhatsApp that 'dissed' Marico

In a plea, rival Marico Limited had said that Dabur's WhatsApp and print advertisement defamed and denigrated its Nihar Naturals Shanti Badam Amla Hair Oil

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

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.

Delhi HC asks district courts to lift permission clause in hybrid hearing

Earlier, parties wishing to avail the facility of virtual hearing by requesting for it earlier, if no such request had been made, the parties will have to mandatorily appear physically in the court hall.

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.

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.

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.

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

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

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.

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.

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.

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.

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.

Delhi High Court refuses to stay investigation against Ashneer Grover

In May 2023, Economic Offences Wing (EOW) filed a first information report against the BharatPe's embattled co-founder & former managing director Ashneer Grover, his wife Madhuri Grover and two other family members

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.

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.

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.

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.

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.

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.

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

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