On September 23, LCIA had directed the parties to hold an EGM, and had asked Gangwal and Bhatia to arrive at a consensus for a resolution to remove the Articles of Association (AoA) that had restricted transfer of shares.
With this ruling, the apex court has also upheld the Gujarat High Court’s September 2018 judgment that paved the way for the supply of natural gas as a clean and green fuel in the three areas of outer Ahmedabad region by st
A Bench led by Justice DY Chandrachud refused to entertain the petition, saying such recommendations fall under the realm of policy, and the hotel body should approach the appropriate government for relief.
A Bench led by Justice DY Chandrachud said that “inordinate delays cause commercial uncertainty, degradation in the value of the corporate debtor and makes the insolvency process inefficient and expensive.
Soon after launching a joint public private partnership to build, operate and run the Airport Express line on August 25, 2008, DMRC and DAMEPL’s pact had fallen apart over some issues. Subsequently, DAMEPL pulled out from r
The bankrupt companies, which are in the final stages of insolvency proceedings, have sought clarification of the apex court’s January 7, last year’s judgment that asked the government to refund Rs 104.34 crore to them.
The entire cost of the demolition will be borne by the builder and Noida authorities will supervise the demolition with expert guidance from the Central Building Research Institute, the top court said.
She further argued, “we have recovered hundreds of original sale deeds from that office, hundreds of digital signatures and several computers containing sensitive data with regard to their properties in India and abroad”.
The apex court provided this relief to Bharti for a period of three weeks during which the telecom operator can appeal in the Telecom Disputes Settlement and Appellate Tribunal (TDSAT) against the demand notice issued by the
The development follows last week’s Supreme Court’s order wherein Amazon scored a major victory with the apex court upholding the Singapore International Arbitration Centre’s emergency arbitrator (EA) award restraining
The SC said the EA order is an order within Section 17(1) and can be enforced under Section 17(2) of the Arbitration and Conciliation Act. It further held that such award cannot be appealed under Section 17(2) of the Act.
Irdai had ordered the refunds, as it felt that policyholders under the scheme should not have borne any cost arising from 20% administrative charges paid by the insurer to the Master Policy Holders or the banks that sold its
A bench led by Justice C Hari Shankar sought a response from Air India and Amadeus on the petition filed by Sabre, which alleges that fairness and transparency were wholly lacking in the entire process of the tender.
The CoC's petition has said that the appellate tribunal failed to consider that the provisions of the Insolvency and Bankruptcy Code (IBC) overrides the universal access service licence conditions, tripartite agreement and th