Lucknow court summons Rahul Gandhi over remarks against Savarkar, ET LegalWorld
A local court here on Friday summoned Congress leader Rahul Gandhi on January 10, 2025, to face trial for allegedly promoting enmity and disturbing harmony among people by making mischievous statements about freedom fighter Vinayak Damodar Savarkar. Additional Chief Judicial Magistrate (ACJM) Alok Verma passed the order on a criminal complaint filed by local lawyer […]
NGT cracks down on resort construction in Nahargarh, ET LegalWorld
National Green Tribunal (NGT)’s central zonal bench in Bhopal on Thursday issued notices to the state and Union govts, and also to private entities, over allegations of illegal construction within the Eco-Sensitive Zone (ESZ) of Nahargarh Wildlife Sanctuary. The case was filed by Hemraj Meena, who alleged that a resort was being built unlawfully by […]
NCLT order frees assets of 60 parties in Gitanjali Gems case after SFIO drops charges, ET LegalWorld
After six years of investigation against fugitive diamantaire Mehul Choksi-promoted firm Gitanjali Gems, the Serious Fraud Investigation Office (SFIO) has decided to drop charges against almost five dozen parties, including individuals and companies. The list of 60 individuals and parties includes Nirav Modi’s wife Ami, his children Rohin, Ananya and Apasha and brother Nehal Modi […]
NCLT clears Reliance’s ₹200 cr plan for Karkinos Healthcare with 100% creditor settlement, ET LegalWorld
Highlights The National Company Law Tribunal has approved a resolution plan for Karkinos Healthcare Private Limited, a financially distressed oncology company based in Mumbai. Reliance Strategic Business Ventures Limited has acquired Karkinos Healthcare Private Limited for ₹200 crore, which includes the settlement of 100% of creditors’ dues. The Corporate Insolvency Resolution Process was completed within […]
Delhi High Court quashes GST demand against ICICI Lombard General Insurance, ET LegalWorld
The Delhi High Court has quashed the Order-in-Original passed by the GST Officer, Department of Trade & Taxes, Government of N.C.T. of Delhi, and allowed the Writ Petition filed by the ICICI Lombard General Insurance Company Limited. The Court in the order has directed the adjudicating authority to proceed afresh in light of the Show […]
SAT quashes SEBI order against former PTC India CMD Rajib Kumar Mishra, ET LegalWorld
The Securities Appellate Tribunal (SAT) has quashed a Sebi order that restrained former PTC India Chairman and Managing Director (CMD) Rajib Kumar Mishra from being a director in a listed entity for six months in a matter pertaining to alleged corporate governance lapses. The latest ruling came after Mishra approached SAT against Sebi’s order on […]
No fresh suit to be registered under Places of Worship Act till further orders: Supreme Court, ET LegalWorld
The Supreme Court on Thursday ordered that no fresh suits would be registered under the Places of Worship Act in the country, and in the pending cases, no final or effective orders would be passed till further orders of the Apex Court. A Special Bench headed by CJI Sajiv Khanna asked the Union government to […]
NCLAT ruling clarifies section 10A applicability in corporate debt cases, ET LegalWorld
Highlights The National Company Law Appellate Tribunal has ruled that a party cannot be barred under Section 10A from filing proceedings under Section 7 if the liability to pay interest arose before the Section 10A period and continues during and after it. The Appellate Tribunal determined that the date of default, ascertained through the National […]
NCLAT ruling clarifies section 10A applicability in corporate debt cases, ET LegalWorld
Highlights The National Company Law Appellate Tribunal has ruled that a party cannot be barred under Section 10A from filing proceedings under Section 7 if the liability to pay interest arose before the Section 10A period and continues during and after it. The Appellate Tribunal determined that the date of default, ascertained through the National […]
NCLT questions Byju’s RP over CoC reconstitution and governance issues amid insolvency, ET LegalWorld
The Bengaluru bench of the National Company Law Tribunal (NCLT) on Wednesday questioned Byju’s insolvency resolution professional (RP) Pankaj Srivastava on his involvement in both the reconstitution of its committee of creditors (CoC) and the board meeting of Byju’s subsidiary Aakash Institute. “One IA (interlocutory application) was filed to inform us about the initial constitution […]