NCLT orders liquidation of Go First, Legal News, ET LegalWorld
The National Company Law Tribunal (NCLT) on Monday ordered the liquidation of Go First, the budget carrier that stopped flying nearly three years ago after being bogged down by financial woes. In May 2023, the airline filed for a voluntary insolvency resolution process citing financial woes. The tribunal, in a 15-page order, said it is […]
NCLT orders liquidation of Go First Airways, ET LegalWorld
The National Company Law Tribunal (NCLT) ordered the liquidation of Go First Airways after a request from the airline’s Committee of Creditors (CoC), Bar and bench reported on Monday. The NCLT bench, consisting of Judicial Member Mahendra Khandelwal and Technical Member Dr. Sanjeev Ranjan, confirmed the decision, saying, “Liquidation is ordered.” Go First filed a […]
SCBA, SCAoRA challenge rules on marking appearances in SC orders, ET LegalWorld
The Supreme Court Bar Association (SCBA) and the Supreme Court Advocates-on-Record Association (SCAoRA) have jointly filed a petition in the apex court on Tuesday seeking a declaration that all advocates present and appearing in a case are entitled to have their appearances recorded in court orders. The petition is filed in relation to an observation […]
Supreme Court orders SBI to refund Rs 94,000 lost in an online scam to its customer, ET LegalWorld
Who knew returning a blazer worth Rs 4000 purchased from Louis Philippe, a division owned by Aditya Birla Fashion could result in a cyber fraud where the entire bank account is cleaned out. This is exactly what happened to a man from Assam. All he ever wanted was to return the purchased blazer and get […]
Sebi rejects Zee, Punit Goenka’s settlement applications, orders further probe, ET LegalWorld
Market regulator Securities and Exchange Board of India (Sebi) on Thursday (January 2), dismissed settlement applications filed by Zee Entertainment Enterprises (ZEEL) and Punit Goenka and referred the matter for further investigation. In a three-page order issued on Thursday, Sebi dropped show cause notices issued against Zee, Subhash Chandra and his son Punit Goenka for […]
NGT kept close watch on environmental concerns, issued several orders in 2024, ET LegalWorld
The National Green Tribunal dealt with a wide range of environmental issues impacting our daily lives, some of which even left people gasping for breath in the national capital owing to the rising pollution levels and depleting air quality in 2024. Other issues before the green body concerned pollution in water bodies and management of […]
MahaRERA orders builder to pay home buyer interest on delayed flat, ET LegalWorld
The MahaRERA, in a recent order, has asked the promoter of Lokhandwala-Kataria Construction, promoter of Minerva project at Lower Parel, to pay interest for the delayed possession to a home buyer, who had booked two flats in the project, from January 2022 till the date of offer of possession with OC, at Marginal Cost Lending […]
Bombay HC orders tax dept to allow these taxpayers claiming 87A rebate to file ITR till January 15, 2024, ET LegalWorld
Sometimes you need to fight against the government authorities for your rights rather than keeping your head down and accepting whatever is being imposed. The best example for this analogy should be the recent section 87A tax rebate fiasco, where many taxpayers who filed ITR after July 5, 2024, were denied, despite them being eligible […]
Sebi bans YouTuber Ravindra Balu Bharti for illegal market activities, orders refunds of Rs 9.5 crore, ET LegalWorld
Capital markets regulator Securities and Exchange Board of India (Sebi) has banned YouTuber Ravindra Balu Bharti as part of its ongoing crackdown on unregistered investment advisory services. Bharti was operating the Ravindra Bharti Education Institute, which was not registered with the regulatory body. With a strong online following of over 1.9 million subscribers across two […]
SC orders ED to handover Bhushan Power & Steel properties worth Rs 4,025 crore to JSW Steel, ET LegalWorld
The Supreme Court on Friday directed the Enforcement Directorate (ED) to handover to JSW Steel the debt-ridden Bhushan Power & Steel’s properties worth Rs 4,025 crore that were provisionally attached in 2019 in connection with a money laundering probe linked to an alleged bank loan fraud by the erstwhile management. The ED has now taken […]