Centre notifies rules for ‘Radar Equipment’ for measurement of vehicles speed, ET LegalWorld
The Legal Metrology Division of the Department of Consumer Affairs, Government of India, has notified the Rules for Radar Equipment for the measurement of speed of vehicles under the Legal Metrology (General) Rules, 2011. According to an official release, these rules will come into force from July 1, 2025, to give enough time to industries […]
Temasek gets CCI’s approval to acquire stake in Speed JVco, ET LegalWorld
The Competition Commission of India (CCI) on Tuesday said it has cleared Ramon Investments Pte’s, an arm of Temasek Holdings, a proposal to acquire a stake in Speed JVco. Singapore-headquartered Temasek is an investment company. As of March 2024, the sovereign wealth fund owns a Singapore Dollar (SGD) 389 billion portfolio of assets. “The proposed […]
Will the proposed changes to the Commercial Courts Act speed up dispute resolution?, ET LegalWorld
The government has proposed amendments to the Commercial Courts Act, 2015, to provide further impetus to quicker and specialized commercial dispute adjudication and simplify the applicable procedure related to commercial dispute resolution in courts. The objective of the Commercial Courts Act, 2015, is to ensure the expeditious, efficacious, and reasonable resolution of commercial cases. Dedicated […]
IBBI tweaks norms to speed up insolvency resolution in housing, ET LegalWorld
The insolvency watchdog has tweaked regulations to allow the hiring of an interim representative for a group of creditors like homebuyers until the bankruptcy court approves the final appointment to expedite the rescue of stressed real estate companies. “This interim representative will have the same rights and duties as an authorised representative in meetings of […]