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Delhi Court Bars Andhra Trader from Using 'Lakshmi Plasto', Awards Rs 2 Lakh to RC Plasto
A Delhi Commercial Court has restrained an Andhra Pradesh-based trader from using the mark “Lakshmi Plasto”, observing that it is deceptively similar to the mark “Plasto” used by RC Plasto Tanks & Pipes Pvt. Ltd., a manufacturer of water tanks and pipes.In an order dated October 30, District Judge (Commercial) Anuradha Shukla of Saket Courts also awarded Rs 2 Lakh in damages to...
NCLT Orders Dissolution of Groww Promoter Company Following Voluntary Liquidation
The National Company Law Tribunal (NCLT) at Bengaluru has ordered the dissolution of Groww AA Private Limited, a company promoted by the founders of the online investment platform Groww. This comes after the company filed a plea for voluntary liquidation, completed all required legal and financial formalities, and distributed its assets to shareholders.The fintech platform Groww...
2007 Ajmer Blasts : Supreme Court Issues Notice On Dargah Khadim's Plea Against Acquittal of 7 Persons
The Supreme Court on October 3 issued notice to the State of Rajasthan in a plea filed by complainant Syed Sarwar Chishty, Khadim of Dargah Sharif, Ajmer, challenging the dismissal of the appeal by the Rajasthan High Court against the acquittal of 7 persons by the NIA Special Court in the 2007 Ajmer Dargah bomb blast.The notice was issued by a bench comprising Justice Sanjay Kumar and...
NCLT Mumbai Initiates Insolvency Proceedings Against Pune-Based EV Startup Tork Motors
The NCLT Mumbai has admitted an insolvency plea against Pune-based EV start-up Tork Motors, once backed by the late industrialist Ratan Tata, Bharat Forge, and Ola's Bhavish Aggarwal over a debt of Rs. 1.29 crore. It appointed Anagha Anasingaraju as the Interim Resolution Professional (IRP) until a Resolution Professional is appointed.The move follows a petition by Unaprime Investment...
WhatsApp Privacy Policy Case: Overlap in Data Privacy–Competition Issues Doesn't Curb CCI's Powers, says NCLAT
The National Company Law Appellate Tribunal (NCLAT) at Delhi on Tuesday reaffirmed that the overlap between privacy and competition issues does not take away the powers of the Competition Commission of India (CCI) in investigating and addressing abuse of dominance by firms, even when data protection concerns are also involved. Observing that “Competition law and data protection law operate...
'Such Incident Can Happen Only In Banana Republic' : Kerala Court Slams Police For Arrest Of Man Over 10 Millilitres Liquor
The Manjeri Sessions Court on Saturday (1, November) had granted bail to a person accused of violating the Abkari Act for allegedly storing 10 milliliters of Indian Made Foreign Liquor (IMFL) in his shop.The court questioned the motives of the investigating officer, calling his action “excessive and questionable.”The case was registered in Valanchery Police Station, against the accused...
NCLT Allows Former Promoters To Pursue Oppression & Mismanagement Case Against Indian Commodity Exchange
The National Company Law Tribunal (NCLT) at Ahmedabad has allowed a plea filed by a former promoters and shareholders of Indian Commodity Exchange Limited (ICEX) to pursue a case alleging oppression and mismanagement against the commodity derivatives exchange.They had sought a waiver of the requirement that shareholders must hold at least 10 percent of a company's issued share capital to...
Breaking: Whatsapp Privacy Policy Case: NCLAT Grants Partial Relief to Meta, WhatsApp; Allows User Data Sharing for Ads
The National Company Law Appellate Tribunal (NCLAT) on Tuesday granted partial relief to Meta Platforms Inc. and WhatsApp LLC in their appeal against a Competition Commission of India (CCI) order related to WhatsApp's 2021 privacy policy update. While the tribunal upheld the Rs 213.14 crore penalty imposed by the CCI, it set aside the finding that Meta had leveraged WhatsApp's dominant...
'Tactic To Avoid?' : Supreme Court Questions Union's Plea To Refer Tribunal Reforms Act Challenge To 5-Judge Bench
The Supreme Court on Monday expressed displeasure over the Union Government filing application seeking reference of the petitions challenging the validity of the Tribunals Reforms Act, 2021, to a five-judge Bench. Questioning the timing of the application, filed after the present two-judge Bench had heard the petitioners at length, the Court asked whether it was a “tactic” to avoid...