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Indu Bhan

Articles By Indu Bhan

556 Articles

Emission cheat devices: SC refuses to quash FIR against Skoda Volkswagen

The Allahabad High Court had in October dismissed Volkswagen India’s plea for quashing of an FIR dated July 10 registered against it in Noida for installing “cheat devices” in its vehicles.

Daiichi plea: Supreme Court allows Yes Bank to auction land

A bench led by Justice UU Lalit while dismissing Daiichi’s appeal, said there was “no reason to interfere” with the Delhi High Court’s October 15 order that allowed the sale of 12 bigha of land in Mehrauli belonging t

The bank had moved to sell the property, which Daiichi had opposed on the ground that the HC had asked the parties to maintain status quo on the assets.

Decide on AstraZeneca’s diabetes drug pleas within 15 days, apex court tells Delhi HC

AstraZeneca holds two patents for Dapagliflozin in India. The first expired on October 2 and the other one is due to expire on May 15, 2023.

Chanda Kochhar moves Supreme Court challenging termination from ICICI Bank

The HC dismissed her petition “on the sole ground of “maintainability”, despite there being clear violation of a statutory obligation under The Banking Regulation Act, 1949 by both, ICICI Bank and the RBI, the petition

As Deepak Kochhar bail is being taken up by a trial court on Monday, the apex court posted the petition for hearing on November 27.

Supreme Court order: Telcos can offer segmented tariffs but Trai can ask for details

The Trai had moved the Supreme Court against the TDSAT order, but the apex court had refused to stay the ruling.

The regulator had then modified its order to seek information on segmented offers from the telcos for a limited period.

SpiceJet dues: SC stays Delhi HC order to pay Rs 243 cr as interest

According to the airline, the HC order had misinterpreted the financial data and “erred” in focusing on the wrong portion of the July audit report.

"The Hyderabad-Nashik route received a massive demand from the passengers owing to the trade and tourism opportunities possessed by the Nashik city," the statement said.

DoT’s appeal: Supreme Court refuses to stay TDSAT’s order on OTSC

After the TDSAT’s decision last year, the burden of OTSC for operators like Bharti Airtel and Vodafone Idea had come down by more than 60%.

The Union Cabinet then decided to charge for spectrum given to the operators beyond the contracted amount through administrative orders.

State Bills on farm trade ignites legal debate, Presidential assent unlikely

However, SC lawyer Sunil Fernandes noted that, however well-intentioned an Act passed by the state legislature may be, unless the governor signs on it, the Act doesn't become enforceable.

Punjab Legislative Assembly on, October 20, unanimously passed four Bills to negate the Centre’s three contentious farm laws.

Delhi HC restrains Canara Bank from flouting SC’s NPA relief order

ROPP argued that based on the restructuring scheme it had taken steps to sell his assets and fulfil its obligations and the bank should be stopped from backing out of the restructuring scheme now.

“This is a classic case of how the government policies for MSMEs are not being passed on to the benefit of the sector,” says a lawyer associated with the sectoral issues.

Supreme Court extends time till January-end for removal of mined iron ore in Goa

The state government had argued that it had all details about the mineral already excavated on or before 15.03.2018 and lying at the site and the lessees cannot remove more than what is in its records.

The quantity of mineral so removed will have to be verified by the concerned officials based on the government records maintained at the relevant point of time, it said.

RBI says lenders have enough leeway, sector-specific freedom

The Reserve Bank of India (RBI) has stressed that banks have sufficient leeway to accommodate the impact of Covid19 while stipulating specific ratios for determining eligibility of loan resolution under the special window not

Madhya Pradesh moves Supreme Court seeking GI rights on Basmati rice

MP, in its appeal, alleged that APEDA had been given “wrongful” GI tag and the HC order enabled the statutory body to enforce its “wrongfully” granted GI registration against its 80,000 Basmati farmers from selling th

Omitting MP had triggered protest from Daawat Foods and farmers from the state, as well as opposition from the state government itself.

UBHL says settlement offer credible, counters banks’ view

The lenders had earlier rejected the UBHL’s settlement offer of Rs 14,518.02 crore, saying the proposal is neither “bonafide” nor “genuine” and the liabilities are far in excess of its inflated assets.

It also directed the government (the Ministry of Home Affairs) “to facilitate and ensure” Mallya’s presence before it on October 5.

Kishanganga hydro-electric project: SC dismisses HCC plea against NHPC invoking bank guarantee

HCC senior counsel Mukul Rohtagi argued that NHPC had given “clearly fallacious” reason for invocation of the BGs to be non-performance of the contract as the project stood completed and was inaugurated by the PM in May 2

While rejecting HCC’s appeal, a Bench led by Justice R Nariman said, “the contract speaks of final completion” and the company is yet to finish the project.

BPSL resolution: ED moves SC seeking stay on NCLAT order approving JSW Steel bid

Apart from this, JSW had offered to pay operational creditors a sum of Rs 350 crore against their admitted claims of Rs 733 crore.

Personal bankruptcy: SC dismisses SBI’s appeal against Anil Ambani

Senior counsel Harish Salve, appearing for Ambani, opposed the SG’s stand, arguing that “declaring a man bankrupt has serious consequences”.

The SC Bench led by Justice L Nageswara Rao refused to interfere with the HC’s August 27 order.

Vedanta-Videocon win big! Blow to govt as SC says ‘no unjust enrichment’ in Ravva oil fields case

The companies contended that the cap of $198.43 million was applicable only to such facilities as were required to achieve the production capacity of 35,000 BOPD, which in this case was achieved by the drilling of 14 wells by

“We feel that the interpretation taken by the tribunal is a plausible view, and the challenge on this ground (calculation) cannot be sustained, to refuse enforcement of the award,” the court said.

Yes Bank seeks transfer of all cases against AT-1 bond write-off to Bombay HC

AT-1 bonds worth Rs 8,415 crore were completely written off after a scheme of reconstruction for the bank was approved by the government and the RBI.

The matter will next come up for hearing on September 23.

Relief for Tata Power, Vedanta: SC stays fines imposed by NGT for not utilising ash from thermal projects

A Bench led by DY Chandrachud while seeking response from the firms and others said that “there shall be an ad-interim stay of recoveries in pursuance of the impugned order of the NGT.”

Though the fines are not precisely quantified yet, on an aggregate basis, these may run into several hunderds of crores, according to sources.

Loan moratorium: Keen to waive interest, SC asks Centre, RBI to come up with a ‘concrete plan’

The court also extended the temporary immunity to the relevant loan accounts from being classified as NPA till September 28, when it will likely pronounce its final order.

It also asked banks not to take any coercive action against borrowers.

Vijay Mallya’s rs 14,500-cr offer rejected: SBI-led banks call settlement offer a malicious attempt

The SBI-led consortium of 14 banks have rejected the settlement offer of Rs 14,518.02 crore given by Vijay Mallya’s company United Breweries.

Vijay Mallya, SBI, UBHL, Karnataka High Court, Kingfisher Airlines, Enforcement Directorate, latest news on vijay mallya

Interest waiver: SC protects borrowers from coercive action by banks

“The question is about the demands of compound interest in the meantime. Moratorium and penal interest cannot go together. RBI will have to clarify,” Justice R Subhash Reddy, who was also part of the Bench with Justice MR

Instead of opting for interest waiver, the government has gone for the measures for revival of the sectors in tandem with RBI

Vijay Mallya offers to settle Rs 14k-crore liabilities with banks, others

Mallya and six other companies owned by the family had supported a “robust and bona fide offer” made by UBHL before the HC. These “companies, which were in no way liable for the alleged debts of UBHL, have also voluntar

Supreme Court asks Nalco to supply alumina to Vedanta unit at Visakhapatnam

Even Nalco executive director (Marketing) R N Mohapatra was present before SC during the virtual hearing as he was summoned by the apex court earlier this month.

SC AGR hearing: R-Jio, RCom ordered to share deal details; ‘You used spectrum, pay money’, telcos warned

SC AGR hearing HIGHLIGHTS: The Supreme Court on Friday sought to make it clear that the telecom companies using spectrum must pay for it. The bench ordered Reliance Jio and Reliance Communications to share the details of the

Relief for Vedanta! SC allows proceedings against govt for taking over full control of Hindustan Zinc

Vedanta had initiated arbitration proceedings against the government after the latter had rejected the call option given to former to buy the residual stake at a specified price at a specified time frame.

A bench led by CJI SA Bobde vacated its status quo order with regard to arbitration proceedings on the proposed disinvestment of HZL, a PSU.
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