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Indu Bhan

Articles By Indu Bhan

603 Articles

Aid to Maharashtra wind power units: Supreme Court admits regulator’s plea against Aptel order

It stayed Appellate Tribunal order that asked Maharashtra Electricity Regulatory Commission to decide the matter within 3 months

Maharashtra State Electricity Distribution Company (MSEDCL) moved the SC against Aptel’s April 27 judgment that asked it to grant open access facility to wind generators and also compensate them for the banked energy till the full quantum of open access is granted.

Privacy concern: Stop WhatsApp from forcing users to accept its new privacy policy, govt urges Delhi High Court

Alleges the messaging platform is obtaining consent of subscribers through trick

WhatsApp,

Google challenges new IT rules, says it’s not a social intermediary

Appeals against HC single-judge order asking it to remove morphed pornographic pictures of a woman

Banks move Supreme Court against RTI disclosure, seek direction to RBI

Public disclosure of information pertaining to commercial confidence, business strategies, internal system, risk management, gas, etc would not serve any larger public interest, but would adversely affect the competitive posi

supreme court

RTI disclosure: Supreme Court to hear banks’ plea seeking direction to RBI in July

HDFC further said that the apex court in earlier judgments had clearly held that even if public interest is considered while determining whether certain information has to be disclosed or not, such determination has to be on

supreme court

Supreme Court rejects ONGC plea against HC order

Stay order on tender, e-auction

Insolvency: Supreme Court says banks can invoke personal guarantee

Legal experts said the judgment now empowers banks to simultaneously proceed against the corporate debtor and the personal guarantors, thereby ensuring that the liability of the personal guarantor for the balance does not get

It further held that Parliamentary intent was to treat personal guarantors differently from other categories of individuals.

Supreme Court says Centre’s oxygen policy needs a relook

On Wednesday, the SC had asked the Centre to submit a comprehensive plan to ensure Delhi received its quota of around 700 metric tonnes of oxygen per day.

However, in Maharashtra, a task force of a dozen doctors was formed to communicate and advise hospitals on pandemic care in rural areas.

SC agrees to hear Vedanta’s plea to open Tuticorin plant for oxygen production

Solicitor general Tushar Mehta also supported reopening of the Vedanta’s copper plant for production of oxygen.

“There is almost a national emergency and you (TN) don’t put spokes in the solution. We will hear it (Vedanta) tomorrow (Friday),” the CJI said.

GST law: Taxman must not proceed to attach property in haste, says SC

The SC's ruling comes at a time when the government is showcasing the recent months' surge in GST collections as proof of effective anti-evasion steps. Earlier, during the hearing of the case, the apex court noted that “Par

Personal hearing before NPA tag: RBI, lenders move SC

A bench led by Justice R F Nariman refused to stay the entire HC judgment, but stayed a part which dealt with granting of personal hearing to a borrower/account holder.

After identification of fraud, it is mandatory to immediately file a complaint with law enforcement agencies so that to avoid loss of relevant relied upon documents, non-availability of witnesses and absconding of borrowers and also money trail getting cold in addition to asset stripping by the fraudulent borrower, RBI stated.

Setback for lenders: NCLAT rules govt dues to be cleared before spectrum sale

In an order which will have adverse consequences for lenders of bankrupt telecom operators, the National Company Law Appellate Tribunal on Tuesday ruled that spectrum can be transferred as part of insolvency resolution plan b

SC stays NGT order stalling Vedanta’s mining ops at Goa plant

In a relief to Vedanta, the Supreme Court on Monday stayed the National Green Tribunal’s (NGT) last month’s order that stalled operations of its mining plant at Dharbandora in Goa for lack of mandatory environmental clear

Tatas win case against Cyrus Mistry

“A person who tries to set his own house on fire for not getting what he perceives as legitimately due to him, does not deserve to continue as part of any decision making body (not just the Board of a company),” the SC sa

India doesn't have it. So, one just has to find them outside and get them airlifted.

Tata Group wins, Cyrus Mistry’s appeal dismissed; Supreme Court sets aside NCLAT order

The Supreme Court today ruled in favour of Tata Sons and Ratan Tata, by upholding the ouster of Cyrus Mistry as the Executive Chairman of the salt-to-software Tata Conglomerate.

Ratan Tata, Cyrus Mistry

Further Delay: Supreme Court rejects NBCC’s resolution plan for JIL

Asks RP to invite fresh bids & complete insolvency process within 45 days

"There is almost a national emergency and you (Tamil Nadu) don''t put spokes in the solution. We will hear it (plea of Vedanta) tomorrow," the bench said in the hearing conducted through video conferencing.

Serum, Bharat Biotech urge Supreme Court to restrain High Courts from entertaining Covid-19 vaccine pleas

A bench led by Chief Justice SA Bobde posted the transfer pleas for hearing on Thursday along with another PIL seeking to prioritise judges and lawyers for the Covid doses.

Apart from making efforts to meet the requirements of India, the vaccine major is also trying its best to balance the needs of the rest of the world, he had said.

Ex-promoters can’t suggest revival scheme under Companies Act: Supreme Court

A bench led by Justice DY Chandrachud upheld the National Company Law Appellate Tribunal’s view that Section 29A of the IBC specifically disqualified former promoters from participating in the insolvency process and this di

The NCLT, in May 2018, permitted the former promoter to convene meetings between shareholders and creditors on the grounds that IBC’s larger objective was to keep the companies as going concerns.

SC ruling: Payments to non-resident firms for software not taxable as royalty

This means tax liability of foreign software seller without a permanent establishment in India would reduce to the 2% equalisation levy introduced via Finance Act 2020, from the 10% royalty tax, which the Indian buyer has hit

After the SC ruling, such software firms have now been exempted from deducting TDS for purchase of software from foreign software suppliers.

SC asks Fortis to furnish by March 1 all details of stake sale deal to IHH

“How this divergence happened? Does your contractual obligation take priority over the SC order,” Justice Lalit asked.

A bench comprising justices UU Lalit and KM Joseph asked FHL to file a “comprehensive affidavit” explaining “all the steps since when the idea of bringing in the Malaysian entity germinated and when all the formalities of the deal were completed".

SC drops contempt case against DVI, but says it can’t raise force majeure clause

The apex court also rejected DVI’s application for rectification, terming it to be “an attempt to renege from the resolution plan which it submitted and to resile from its obligations. This is a devious attempt which must

Daiichi arbitration: Fortis stake sale to IHH Healthcare comes under cloud

SC directs lenders to place on record all details of loans, securities extended to former promoters and share sale

Thursday's order of the SC comes after it had asked the lenders on February 11 to explain their role in the transfer of Fortis Healthcare's shares to IHH Healthcare Berhad despite the Delhi High Court’s and its directions barring any such transfer.

Franklin schemes: E-voting process gets nod from SC

The issue with regard to interpretation of the Sebi regulations governing winding up is yet to be examined. The Karnataka High Court in its judgment on October 24 had expressed disappointment over ambiguities in the market re

An “overwhelming majority” of unitholders had voted in favour of the winding up of the schemes which were wound up by FT on April 23, citing difficulties in the bond market conditions following the pandemic.

SBI Funds to distribute Franklin Templeton’s Rs 9,122 crore to investors: Supreme Court

It also approved the distribution plan submitted by the SBI asset management company and allowed it to become a party in the case.

The apex court had on February 2 entrusted the SBI Mutual Funds to carry out the disbursement of money to 3 lakh investors of the six debt MFs in “proportion to their respective interest in the assets of the scheme” within 20 days.

Blow to Amazon: Delhi High Court allows Future Group to go ahead with RIL deal

The division bench also rejected the request of the counsel of the party opposing the deal, Amazon, to keep the order in abeyance for a week so that it could explore alternative remedies.

Following the order, Future Retail had last week moved the division bench challenging it.

SBI Funds seeks SC nod to distribute Franklin’s Rs 9,122 crore to unitholders

An “overwhelming majority” of unitholders had voted in favour of the move in December. Around 3 lakh investors were affected by the winding up of these debt mutual fund schemes.

The apex court had on February 2 entrusted the SBI Mutual Funds to carry out the disbursement of money to 3 lakh investors of the six debt MFs in “proportion to their respective interest in the assets of the scheme” within 20 days.

Future Retail moves HC against order to maintain status quo on deal with Reliance

A bench comprising Chief Justice DN Patel and Justice Jyoti Singh agreed to hear the appeal on Thursday. It rejected FRL senior counsel Darius Khambata’s request to hear the stay application in the afternoon itself. “FRL

However, senior counsel Rajiv Nayar, appearing for Amazon, opposed the mentioning, saying the HC's procedure ought to be followed.
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