SC stays HC decision ordering Delhi govt, Centre to enter MoU on Ayushman Bharat scheme, ET LegalWorld
In an interim order passed on Friday, the Supreme Court paused implementation of the Delhi High Court’s decision, which had asked the city government and the Union Ministry of Health and Family Welfare to enter into a Memorandum of Understanding (MoU) for implementing Ayushman Bharat scheme in the national capital. A bench of Justices B.R. […]
NCLAT overturns NCLT decision on Indiabulls Real Estate merger, ET LegalWorld
The National Company Law Appellate Tribunal (NCLAT) set aside the National Company Law Tribunal (NCLT), Chandigarh Bench Order interfering in the Scheme of arrangement between Indiabulls Real Estate Limited and NAM Estates Private Limited and Embassy One Commercial Property Private Ltd., ignoring the commercial wisdom of shareholders, creditors, and Board of Directors of the appellant […]
Sikkim High Court reverses decision, Grants Zydus Wellness opportunity for hearing, ET LegalWorld
The Division Bench of the High Court of Sikkim on December 13, 2024, set aside the earlier Order passed on September 12, 2023, by the Single Judge, with a direction to the concerned authority to adjudicate the claims of Zydus Wellness Products Limited after affording Zydus Wellness Products an opportunity of hearing within 12 (twelve) […]
NCLAT upholds NCLT decision against Jaiprakash Associates’ scheme of arrangement, ET LegalWorld
On December 6, The National Company Law Appellate Tribunal held that the events leading to the filing and admission of the Section 7 application against Jaiprakash Associates Limited were relevant factors that weighed with the National Company Law Tribunal for not approving the Scheme of Arrangement between Jaiprakash Associates Limited, Jaypee Infrastructure Development Limited, and […]
'Tribunal can't outsource opinion, base decision on it': SC rejects NGT order
The Supreme Court overturned an NGT order penalizing a firm for environmental violations, citing procedural flaws. The NGT relied solely on a joint committee report without hearing the firm, violating principles of natural justice. The case has been remanded to the NGT for reconsideration. Source link
GoM on GST rate rationalisation yet to submit report, GST Council to take final decision: CBIC, ET LegalWorld
The CBIC on Tuesday said the GoM on GST rate rationalisation is yet to submit its recommendations to the GST Council, which is the final decision making body in fixation of tax rates. In a post on X, the Central Board of Indirect Taxes and Customs (CBIC) said the GST Council, chaired by Union Finance […]
Delhi HC sets aside BSNL’s decision to rescind contract with IT company, ET LegalWorld
The Delhi High Court has set aside BSNL’s decision to withdraw a purchase order placed by it with a private IT company in relation to providing central billing and internet protocol data recovery (IPDR) solutions. The state-owned telecom company had rescinded the multi-crore contract with Millennium Automation Private Limited, dated July 19, for ‘Supply, Installation, […]
Supreme Court asks govt to final decision on case regarding royalty computation of minerals, ET LegalWorld
The Supreme Court has asked the government to take a “final decisive call” on the cascading impact of royalty on royalty in the computation of the “average sale price” under Mineral (Other than Atomic and Hydrocarbons Energy Minerals) Concession Rules, 2016 and the Mineral Conservation and Development Rules, 2017. Even as it reiterated that the […]
Experts say SC’s decision reversing Byju’s insolvency strengthens creditor rights and framework integrity, ET LegalWorld
On October 23, The Supreme Court allowed the appeal against National Company Law Appellate Tribunal’s order staying the insolvency order of the National Company Law Tribunal against Byju. The court observed the constitution of the Committee of Creditors allowing the parties to invoke their remedies, to seek a withdrawal or settlement of claims, in compliance […]
NCLAT upholds NCLT’s decision allowing government oversight of Delhi Gymkhana Club, ET LegalWorld
The National Company Law Appellate Tribunal (NCLAT) has upheld the National Company Law Tribunal’s (NCLT) April 1, 2022, decision allowing government intervention in the affairs of the Delhi Gymkhana Club. The order resulted in the removal of the Club’s erstwhile management, with a 15-member General Committee appointed by the Union of India now overseeing the […]