NCLAT junks order for fresh valuation of Educomp arm’s shares in US firm sold by SBI Singapore, ET LegalWorld
Insolvency appellate tribunal NCLAT has set aside the directions for a fresh valuation of shares, which were held by Educomp Solutions’ Singapore-based subsidiary Educomp Asia Pacific Pte in US-based firm The Learning Internet Inc and sold by SBI Singapore. Wondering over the basis on which the Delhi bench of NCLT passed direction for fresh valuations, […]
SpiceJet shares in focus after Delhi HC summons CEO, COO over non-payment of dues, ET LegalWorld
SpiceJet shares will remain in focus on Tuesday after the Delhi High Court directed the airline’s CEO and COO to appear in court over non-compliance with a payment of $603,870 to aircraft engine lessors. Justice Manmeet PS Arora denied SpiceJet’s request for virtual attendance, ordering both executives to appear in person on January 16, 2025. […]
Jagan moves NCLT to cancel transfer of shares to sister Sharmila, ET LegalWorld
The rift in the YSR family deepened with former chief minister and YSR Congress party President Y. S. Jagan Mohan Reddy filing a petition in NCLT, seeking an order to annul the transfer of shares in Saraswati Power and Industries Private Limited to his sister Y. S. Sharmila and mother Y. S. Vijayamma. Jagan and […]
Retired SC judge Kohli shares her insight on AI, social media trolling, ET LegalWorld
Retired Supreme Court Judge Justice Hima Kohli recently shared her insights on the impact of Artificial Intelligence (AI), virtual court proceedings during the COVID-19 pandemic and social media trolling. She highlighted AI’s positive role in the judiciary, particularly in facilitating virtual court proceedings and paperless systems. Explaining how the judiciary became acquainted with tech-friendly and […]
Big blow for telcos as SC rejects AGR re-computation plea; Vi shares crash, ET LegalWorld
The Supreme Court on Thursday rejected a batch of pleas by various telecom companies including Vodafone Idea and Bharti Airtel, in the re-computation of Adjusted Gross Revenue (AGR) case. The curative petitions by Indian telcos, which are usually decided by judges in the chamber and mostly rejected, were listed before a bench comprising chief justice […]
Delhi HC injuncts shares held by veteran hotelier late PRS Oberoi, ET LegalWorld
Veteran hotelier late PRS Oberoi’s daughter Anastasia Oberoi, has filed a suit in the Delhi High Court against her brother Vikramjit Oberoi, sister Natasha Oberoi, and cousin Arjun Oberoi. In her lawsuit, she alleged that Vikramjit and Arjun, in conspiracy with the executors appointed by their late father, were attempting to obstruct the execution of […]