SC not to relax GRAP-4 restrictions unless AQI shows ‘downward trend’, ET LegalWorld
The Supreme Court on Monday refused to relax emergency measures under Stage 4 of the Graded Response Action Plan (GRAP) dealing with air pollution in the national capital till it noticed a downward trend in the AQI level. A bench of Justices Abhay S Oka and Augustine George Masih further sought the presence of the […]
Glas Trust seeks rejection of withdrawal application in Bjyu’s insolvency case, ET LegalWorld
Glas Trust, which represents a group of US entities that lent $1.2 billion to beleaguered edtech firm Byju’s, on Monday questioned the maintainability of the withdrawal application for the insolvency petition filed by the Board of Control for Cricket in India (BCCI’s) against the company. Glas Trust argued in the National Company Law Tribunal (NCLT) […]
Sebi orders attachment of bank, demat accounts of Reliance Big Entertainment, ET LegalWorld
Capital markets regulator Sebi on Monday ordered the attachment of bank accounts as well as shares and mutual fund holdings of Reliance Big Entertainment to recover dues of Rs 26 crore. Before this, the markets watchdog on November 14 sent a notice to Reliance Big Entertainment Pvt Ltd (now known as Rbep Entertainment Pvt Ltd) […]
Bombay High Court Awards Temporary Relief to Mochi in Trademark Case vs Desimochi, ET LegalWorld
In a trademark battle in the footwear industry between ‘Mochi’ and ‘Desimochi’, the Bombay High Court granted interim relief to Mochi, which it said was in inception since 1977. Desimochi came into being in 2017. The mere addition of the word ‘desi’ does not create a distinction, the High Court single Judge Bench of Justice […]
Manish Sisodia petitions Delhi HC demanding stay on trial in excise policy case, ET LegalWorld
Senior AAP leader and former Delhi Deputy Chief Minister Manish Sisodia has petitioned the Delhi High Court seeking a stay on trial of the money laundering case linked to the alleged liquor policy scam. In his petition, Sisodia contended that the trial court took cognisance of the alleged offences under the Prevention of Money Laundering […]
NCLAT allows IL&FS to sell subsidiary IPRWL to successful bidder, ET LegalWorld
Insolvency appellate tribunal NCLAT has given a go-ahead to debt-ridden IL&FS group for the sale of its subsidiary IL&FS Paradip Refinery Water Ltd (IPRWL) to a successful bidder. According to reports, this may enable IL&FS to repay a debt of around Rs 1,000 crore. IPRWL was set up to meet water requirement of the 15 […]
Docket explosion preventing quality judgments, timely justice: SC judge, ET LegalWorld
Docket explosion is preventing the delivery of quality judgments as well as timely justice in the country, Supreme Court judge Justice Hrishikesh Roy said on Saturday. Justice Roy made the remarks after inaugurating a two-day zonal conference on ‘Court Dockets: Explosion and Exclusion’ organised by the Jammu and Kashmir Judicial Academy under the aegis of […]
Delhi High Court Elevates 70 Lawyers, Including 12 Women, to Senior Advocate Status, ET LegalWorld
After a gap of nearly 3.5 years, Delhi High Court on Friday designated 70 lawyers, including 12 women, as senior advocates. The senior designation was conferred after a permanent committee comprising Chief Justice Manmohan, the next two seniormost judges, Vibhu Bakhru and Yashwant Varma, Additional Solicitor General Chetan Sharma and senior advocates Sudhir Nandrajog and […]
Trial court not to proceed in case till Allahabad high court hears plea, says Supreme Court, ET LegalWorld
Supreme Court on Friday directed the Sambhal district administration to maintain peace and harmony in the communally charged area and ordered the trial court, which had ordered a survey of Shahi Jama Masjid on the Hindu side’s suit claiming it to be Harihar temple, not to proceed further till Allahabad high court heard the mosque […]
ITAT reverses ₹65 Lakh disallowance, ET LegalWorld
The Income Tax Appellate Tribunal has dropped the disallowance of ₹ 65,15,719 under section 14A of the Income Tax Act, 1961 against Vedant Fashions. The Vedant Fashions filed an appeal before the ITAT a previous order from the Commissioner of Income Tax in relation to its Return of Income for the AY 2020-21. The appeal […]