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. […]
SC stays order asking Delhi govt to sign MoU over Centre’s health scheme, ET LegalWorld
The Supreme Court on Friday stayed an order asking the Delhi government to sign a memorandum of understanding (MoU) with the Union health ministry by January 5 to implement the PM-Ayushman Bharat Health Infrastructure Mission (PM-ABHIM). A bench of Justices B R Gavai and Augustine George Masih issued notices to the Centre and others seeking […]
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 […]
NCLAT denies approval for JAL scheme of arrangement amid legal disputes, ET LegalWorld
Highlights The National Company Law Appellate Tribunal ruled that the events leading to the filing of Section 7 application against Jaiprakash Associates Limited were significant factors for the National Company Law Tribunal’s decision to not approve the Scheme of Arrangement. The National Company Law Tribunal deemed the ongoing litigation regarding the assets in question as […]
NCLAT reserves order in JAL’s scheme plea, Legal News, ET LegalWorld
The National Company Law Appellate Tribunal (NCLAT) on Tuesday reserved its order in the case of Jaiprakash Associates Ltd’s appeal against the National Company Law Tribunal (NCLT) order disapproving the scheme of arrangement. The scheme envisaged transferring part of the debt and land parcel of Jaiprakash Associates Ltd (JAL), around 1,000 acres, to Jaypee Infrastructure […]
Adani, the kingpin of the bribery scheme made powerpoint, excel sheets to execute plan, ET LegalWorld
Gautam Adani was the central figure in the bribery scheme, as revealed by the Eastern District Court in New York City. He led the entire operation, which was carefully planned in 2020 by Adani himself, along with co-conspirators Sagar Adani, Vneet Jaain, and four others. According to the SEC’s investigation, the scheme was thoroughly organized, […]
New process to pay tax demand under GST amnesty scheme clarified by GSTN, ET LegalWorld
GSTN has issued an advisory today clarifying how a person can pay the tax demand under the GST amnesty scheme. If you want to apply for the Goods and Services Tax (GST) amnesty scheme which waives off interest and penalty from specified period GST tax demand notices, then make a note of this new process. […]
NCLT approves Burnpur Cement’s scheme for reduction of capital, ET LegalWorld
The National Company Law Tribunal (NCLT), Kolkata has approved the Scheme of Reduction of Capital of the Burnpur Cement Limited, according to the exchange filing. The Petition seeking approval of scheme was filed under section 66 of the Companies Act, 2013 read with the National Company Law Tribunal (Procedure for Reduction of Share Capital of […]
NCLT approves ICICI Bank’s scheme of delisting its affiliate ICICI Securities from the bourses, ET LegalWorld
The Ahmedabad bench of the National Company Law Tribunal approved the ICICI Bank’s application for the scheme of arrangement for delisting of broking firm ICICI Securities Ltd from the bourses. On Wednesday the bench presided by a judicial member Shammi Khan while approving the scheme in an oral order, also dismissed two applications that objected […]
Registration-cum-membership certificate not mandatory for exporters to seek scheme benefits: DGFT, ET LegalWorld
The commerce ministry’s arm DGFT has clarified that registration-cum-membership certificate is not mandatory for exporters to seek benefits under schemes like duty drawback and remission of state levies. According to the Foreign Trade Policy, a Registration-cum-Membership Certificate (RCMC) is required for exporters in order to avail benefits under the policy. Holding the certificate can also […]