Indu Bhan

Articles By Indu Bhan

497 Articles

Supreme Court asks JP Associates to return 858 acre to JIL

While quashing the NCLAT stay order, the SC went by the original order of the NCLT and termed the whole transaction as “preferential”.

sc, supreme court News

SC offers relief to ex-PNB MD: ‘Freezing of her assets by govt is without jurisdiction’

The ministry had moved the tribunal under various provisions of the Companies Act, 2013, which pertain to freezing of assets of a company on inquiry and investigation and also relate to imposition of restrictions upon securit

However, the apex court clarified that the judgment won't have any effect on the CBI or SFIO investigations in the case. News

Dispute over AGR dues: Vodafone Idea closer to default; DoT-telcos’ litigation to rise

Telcos hope to complete the exercise before March 17, the next date of the SC’s hearing; the DoT will naturally challenge these.

Another possible dispute could arise out of the Tdsat’s review of the dues of PSUs. News

Apex court to hear Vedanta plea to restart mining in Goa in April

The Supreme Court on Monday said it will hear in April Vedanta’s petition to restart mining in Goa after the Centre supported the mining company’s interpretation on renewal of the company’s mining lease from 1987 till 2

vedanta, sc News

Supreme Court refuses to restrain DHFL from disbursing loans

A Bench led by Justice LN Rao rejected the depositors' plea seeking to restrain DHFL from commencing its lending operations till their matured deposits were paid.

Supreme Court, sc News

Vedanta urges Supreme Court to vacate status quo order on Hindustan Zinc shareholding

Senior counsel Mukul Rohtagi, appearing for Vedanta, asked why should the government not be allowed to sell its stake.

vedanta, sc News

Supreme Court stays recovery suit against Tata Steel BSL

It has also stayed operations of the Bombay High Court order that held that Parijat Enterprises, an operational creditor (OC), will still be entitled for payment of its recovery claims.

While the recovery suit was pending, BSL was acquired by Tata Steel. News

Some hope for telcos: SC to hear Airtel, Vodafone Idea and others on deferred payment

Firms unlikely to pay by Jan 23; no contempt of court as there's no voluntary disobedience

Airtel, Vodafone Idea, Supreme Court, Chief Justice SA Bobde, DoT, foreign currency convertible bonds, Tata Teleservices News

AGR Dues Payment: Bharti Airtel, Vodafine Idea in SC, seek more time

The companies are likely to mention their pleas for urgent hearing today.

bharti airtel, vodafone idea News

Supreme Court paves way for construction of airport in Goa

GMR had stated that it is a national project and that work is underway at a fast pace.

supreme court, sc News

Nalco’s alumina tender: SC allows Vedanta’s foreign arm to participate in the bid

Vedanta is also given many tax and duty exemptions for conducting operations in SEZ. Nalco had challenged the Odisha High Court's March order that allowed Vedanta’s Jharsuguda unit to participate in its tender.

A Bench led by Chief Justice SA Bobde, while disposing Nalco’s appeal, took note of the arrangement arrived at between the parties. News

GVK’s MIAL stake buy: Supreme Court asks tribunal to give verdict by January 27

GVK Airport Holdings had approached the Delhi High Court in April last year seeking to restrain Bidvest from selling its 13.5% equity stake to a third party.

GVK had initiated arbitration proceedings to retrain Bid Services from transferring its shares. News

Coal Imports: Supreme Court revives probes against Adani firms

DRI said that if the HC judgment is not stayed, grave prejudice would be caused to the pending investigation as AEL and APL would influence and tamper with crucial evidence available in other countries and will also set a bad

Coal Import, Supreme Court, Adani firms, DRI, economy news, Enforcement Directorate, SFIO, CBDT News

BPSL CoC moves SC for clarity on primacy of IBC over other laws

The plea comes in the wake of the ED provisionally attaching the assets of BPSL and the NCLAT staying the implementation of JSW Steel’s resolution plan.

Industry News

SC allows Malvinder Singh to withdraw 50% of pension from attached account

The Supreme Court on Monday allowed former Fortis promoter Malvinder Mohan Singh to withdraw 50% of his pension from his attached bank account.

Industry News

Decide on GVK Airport stake buy in MIAL by December 15: SC to tribunal

“If they (GVK) have the money to buy, let them get the money to the court on Monday,” senior counsel Mukul Rohatgi argued, adding that GVK’s entire strategy is to delay the whole process.

GVK Airport, stake buy, MIAL, infrastructure news

Amtek Auto lenders move SC, seek to intervene in insolvency case

The Bench posted the bank’s plea for further hearing in January.

Amtek Auto lenders, Kotak Mahindra, Supreme Court, ING Vysya Bank, NCLAT, RBI guidelines, committee of creditors News

IBC process: SC clears implementation of Ruchi Soya resolution plan

DBS Bank, which had voted against Patanjali’s resolution plan, had appealed against NCLAT’s decision of allowing distribution of the bid amount without taking into account the value of security held by secured creditors.

Supreme Court, Baba Ramdev, Patanjali Ayurveda, Ruchi Soya, ruchi soya news, ruchi soya patanjali, ruchi soya latest news, ruchi soya share News

Nalco moves Supreme Court against Vedanta’s unit

The HC had, while allowing Vedanta, noted the lack of economic sense requiring the Anil Agarwal company to apply as a foreign firm.

Industry News

Resolution plans: SC asks Amtek CoC to invite fresh bids within a month

The apex court on September 24 had allowed resolution professional and lenders to invite fresh bids and decide on final resolution plan within two weeks thereafter.

Amtek CoC, SC, Amtek Auto, liquidation, committee of creditors, Samvardhana Motherson International, IBBI, NCLAT News

Relief to firms! SC strikes down ‘automatic stay’ for arbitral awards

Ruling to enable many companies to lay hands on locked-up funds, ward off bankruptcy threat

insurance claim calculation News

SC junks Anchor’s appeal, Delhi court order against Colgate-Palmolive

Senior counsel Ranjit Kumar, appearing for Anchor, said there were more than one ex-facie grounds to show and establish that the public records had been manipulated to attach a statement of Novelty to the impugned design regi

The SC bench led by Justice Ashok Bhushan also upheld the HC order. News

Delhi HC restrains Reliance Capital from selling 5% stake in RNAM till Dec 16

In the alternative, the real estate firm also asked the HC to restrain RCap from transferring, selling or creating third-party rights with regard to 5% RNAM shares or any other assets or deposit the sale proceeds to the said

High Court Judgment, Motor Accident Claims Tribunal,, Motor Vehicles Act, ownership of vehicle transferred , rto, section 50 of the M.V. Act, selling a vehicle , News

Ranbaxy brothers asked to pay Rs 2,342 cr to avoid sentencing for contempt

The Singh brothers are currently in Tihar jail in the case filed by Religare FinVest (RFL) — an arm of Religare Enterprises(REL) — for allegedly causing wrongful loss worth Rs 2,397 crore.

Ranbaxy, Ranbaxy case, Ranbaxy news, Ranbaxy share price, Ranbaxy brother, industry news, Malvinder Singh, Shivinder Singh, Indiabulls  News

SC allows ArcelorMittal to participate in mining block auction in Odisha

The Supreme Court on Thursday allowed ArcelorMittal, the successful bidder for the takeover of debt-laden Essar Steel, to participate in the auction for grant of a mining block in Odisha.

Industry News

Could amend Act to affirm stance on Arbitration and Conciliation Act: Govt to SC

SC was hearing 3 petitions which allege Section 87 of Act is in conflict with IBC 2016

Arbitration and Conciliation Act, SC, Insolvency and Bankruptcy Code, Attorney General KK Venugopal, National Company Law Tribunal News

Supreme Court directs IRP to complete Jaypee Infra resolution within 90 days

“In the interests of all the stakeholders of JIL,” a Bench comprising justices AM Khanwilkar and Dinesh Maheshwari gave 90-day extension to the insolvency resolution professional (IRP) to complete JIL’s corporate insolv

Supreme Court, Jaypee group, Supreme Court, Jaypee Infratech assets, NBCC, Suraksha Realty, NCLT News
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