Glas Trust seeks rejection of withdrawal application in Bjyu’s insolvency case, ET LegalWorld
Glas Trust, which represents a group of US entities that lent $1.2 billion to beleaguered edtech firm Byju’s, on Monday questioned the maintainability of the withdrawal application for the insolvency petition filed by the Board of Control for Cricket in India (BCCI’s) against the company. Glas Trust argued in the National Company Law Tribunal (NCLT) […]
BCCI seeks withdrawal of insolvency petition against Byju’s in NCLAT, ET LegalWorld
The Board of Control for Cricket in India (BCCI) Tuesday sought withdrawal of its insolvency petition against embattled edtech firm Byju’s in the National Company Law Tribunal (NCLT). The move by the cricket control board follows a Supreme Court of India ruling on October 23, which quashed a National Company Law Appellate Tribunal (NCLAT) order […]
CBI moves SC against withdrawal of consent by K’taka govt to probe case against DK Shivakumar, ET LegalWorld
The Central Bureau of Investigation (CBI) has moved the Supreme Court challenging the Karnataka government’s decision to withdraw its consent to the probe agency for investigating a disproportionate assets (DA) case against Deputy Chief Minister D K Shivakumar. The current Karnataka cabinet headed by Chief Minister Siddaramaiah on November 23, 2023, held the previous BJP […]
Trai mulls over withdrawal of OTT licensing consultation, Legal News, ET LegalWorld
India’s telecom regulator, Trai, is deliberating the possibility of withdrawing its consultation paper on a licensing framework for over-the-top (OTT) communication services, as per a TOI report. This comes on a day when Gopal Vittal, CEO of Bharti Airtel, sought a “regulatory oversight” for internet-based voice and messaging services to tackle spam and cyber frauds. […]
NCLT recalls order on Zee-Sony merger, allows withdrawal of scheme, ET LegalWorld
The National Company Law Tribunal (NCLT) has allowed withdrawal of its order approving the merger of Zee Entertainment and Sony Pictures Networks India and recalled its earlier order passed in this regard. The Mumbai bench of the NCLT had last week recalled its order passed on August 10, 2023, in which it had approved the […]
DPIIT’s withdrawal of a copyright rule order to strengthen rights owners’ position: Experts, ET LegalWorld
The DPIIT’S withdrawal of the September 2016 office memorandum regarding extending the scope of a copyright rule to internet transmissions would bolster the position of copyright owners and aid them in negotiating better royalty rates, according to experts. Last week, the Department for Promotion of Industry and Internal Trade (DPIIT) withdrew an office memorandum regarding […]