Income Tax department, e-gaming companies in race against time, ET LegalWorld
The clock is ticking in the gaming world. In less than two months, the taxman would have to convert a string of show cause notices (SCNs) into final demands on several Indian gaming companies belonging to a business that is stuck in a mire of a steep tax, ambiguous rules, and a make or break […]
Delhi court grants time to CM Atishi to submit arguments in defamation case against her, ET LegalWorld
A court here on Wednesday granted time till November 22 to Chief Minister Atishi to submit her rejoinder to the arguments by a BJP leader on her application in a defamation case. Atishi had filed the application before Additional Sessions Judge Vishal Gogne against an order of a magisterial court summoning her in the criminal […]
SC junks plea for cases’ disposal within fixed time, says ‘not American Supreme Court’, ET LegalWorld
The Supreme Court on Friday said it was not the American Supreme Court as it dismissed a plea seeking directions for the disposal of cases pending before all the courts in the country within a fixed time frame. A bench of Chief Justice of India D Y Chandrachud, Justices J B Pardiwala and Manoj Misra […]
Delhi HC grants time to Swamy to place docs in Rahul Gandhi’s citizenship matter, ET LegalWorld
The Delhi High Court on Wednesday granted BJP leader Subramanian Swamy time to file a copy of petition pending before the Allahabad High Court on the issue of Congress leader Rahul Gandhi’s citizenship. The court was informed by Swamy that he had obtained the copy of the petition and the prayers in that matter are […]
NCLAT grants two weeks time for Supertech Township’s settlement proposal, ET LegalWorld
The Insolvency appellate tribunal NCLAT has granted two weeks more time to debt-ridden realty firm Supertech Township Projects suspended director Ram Kishore Arora to circulate the settlement proposal to both its lenders and home buyers. The National Company Law Appellate Tribunal (NCLAT) also suggested the realty firm facing insolvency proceedings to publish the settlement proposal […]
RBI approves appointment of Vincent Menachery as Tamilnad Mercantile Bank’s Whole Time Director, ET LegalWorld
Tuticorin-based Tamilnad Mercantile Bank Ltd on Friday said the Reserve Bank of India has approved the appointment of Vincent Menachery Devassy as its Whole Time (Executive Director) of the bank. The appointment would be for a period of three years, from the date of assuming charge, and subject to the approval of shareholders, Tamilnad Mercantile […]
Application for extension of time after the expiry of the period for making of the arbitral award is maintainable: SC, ET LegalWorld
On September 12, The Supreme Court on limited question of whether an application for extension of time under Section 29A of the Arbitration and Conciliation Act, 1996 can be filed even after the expiry of the period for making of the arbitral award has held that an application for extension of the time period for […]
RCap Insolvency:NCLAT notice to IIHL on CoC plea for interest for extended time & forfeiture, ET LegalWorld
The NCLAT on Friday issued a notice to IndusInd International Holdings Ltd (IIHL) over a plea filed by lenders of Reliance Capital (RCap) seeking interest on payment for the extended period for the upfront payment by the Hinduja group firm and forfeiture of Rs 2,750 crore in case of default. A three-member bench led by […]
High Court refuses time extension to serve claim on law firm
Brightwell: No sense of urgency from claimants The High Court has refused a time extension to claimants to serve a professional negligence claim on a law firm over the restructuring of a trust. Master Brightwell said he was “unable to come to the view that there is a good reason” for failure to serve the […]
Organiser moves HC for extension of time to secure FIA clearance, ET LegalWorld
Racing Promotion Private Limited (RPPL), the organizer of the Formula-4 Street Race in Chennai, has filed an urgent memo with the Madras high court seeking an extension of time to secure FIA clearance for the race. The high court approved the conduct of the race on Friday, subject to obtaining FIA clearance by 12 pm […]