SC Stays Order Of NCLAT Which Allowed IRP Against The Personal Guarantor In Absence Of CIRP Of Corporate Debtor

The Supreme Court in a Bench consisting of Justice S. Abdul Nazeer and Justice Vikram Nath has stayed the order of the NCLAT in the matter of State Bank of India v. Mahendra Kumar Jajodia, wherein the Appellate Tribunal had settled the widely contended position on whether Insolvency Resolution Process (IRP) can be initiated against the Personal Guarantor in the absence of...

National Company Law Tribunal (NCLT) Organizes National Level Colloquium On The Subject 'NCLT- The Road Ahead'

The National Company Law Tribunal (NCLT), Delhi organized a national level Colloquium on the subject "NCLT- The Road Ahead" today. Retd. Chief Justice Ramalingam Sudhakar (President, NCLT), Shri Rajesh Verma( Secretary, Ministry of Corporate Affairs) and Shri Ravi Mital (Chairman, Indian Bankruptcy Board of India (IBBI)) inaugurated the colloquium. Members of the...

NCLT, Delhi Declares Supertech As Insolvent And Appoints IRP

The Delhi bench of National Company Law Tribunal (NCLT) consisting of PSN Prasad (Judicial Member) and Rahul Bhatnagar ( Technical Member) admitted the plea of Union Bank of India over non-payment of dues by Supertech and appointed Hitesh Goel as the Interim Resolution Professional (IRP). The Section 7 application was filed by Union Bank Of India/Financial Creditor to...

State Can't Legislate On Entry Tax After Deletion Of Entry 52 Of List II: West Bengal Taxation Tribunal

The West Bengal Taxation Tribunal, headed by Malay Marut Banerjee (Chairman), Suranjan Kundu (Judicial Member), and Chanchalmal Bachhawat (Technical Member), observed that the state legislature cannot make any law in the field of entry of goods into the local area for consumption, use, and sale as Entry 52 of List II of the 7th Schedule of the Constitution of India was dropped...

SARFAESI - Borrower Has No Right Of Hearing Before Magistrate Allows Possession Of Assets Under Section 14 : Bombay High Court

The Bombay High Court has refused to read principles of natural justice into Section 14 of the SARFESI Act and direct magistrates to put a borrower to notice before taking possession of the asset for the bank or financial institution. "Only a post-possession right to approach the tribunal is conferred on a borrower in terms of section 17, nothing more and nothing less," the...

Madras High Court Team Wins Fraternity Cricket Match Against Kerala High Court Team By 7 Wickets, Justice Abdul Quddhose Reaps 4 Wickets

In a Twenty20 (T20) fraternity cricket match between the judges of Madras High Court and Kerala High Court, the former has emerged victorious, winning the match by 7 wickets.With the match-winning innings of Justice S. Vaidyanathan who scored 27 runs, Madras High Court easily reached the target total of 105 runs in 16.2 Overs.The Kerala Bowlers also displayed great sportsmanship by trying to...

"Accused Can't Be Convicted Merely Because Co-Accused Pleaded Guilty": Delhi Court Acquits Trilochan Singh In 2005 Satyam-Liberty Cinema Blast Case

A Delhi Court has acquitted one Trilochan Singh in connection with a case pertaining to two blasts at Liberty Cinema and Satyam Cinema that rocked the national capital in the year 2005. The Court observed that the prosecution miserably failed to prove its case or that Singh was a member of banned terrorist organisation Babbar Khalsa International. It further added that merely because...

Meghalaya High Court Quashes POCSO Case Noting That Minor 'Victim' Gave Birth To Child While Living With Accused As His Wife

"In the context of consensual or voluntary sexual intercourse, and more so if the girl is underage while the boy would be above the age of 18 and also if it is confirmed that they are living as husband and wife and the wife perhaps having given birth to a child, the issue becomes more complex" : Meghalaya High Court

Age Criteria Of 6 Years For Class 1 Admissions Doesn't Violate RTE Act : Kendriya Vidyalaya Sanghathan Tells Delhi High Court

The Kendriya Vidyalaya Sangathan has told the Delhi High Court that the age criteria for admission in class 1 should be in consonance with the National Education Policy 2020 as it is a settled law that the Executive has the competence to decide how a policy should be shaped or implemented.It has further told the High Court that the prescription of minimum age of 6 years for Class 1 admission...

Uttarakhand HC Directs Public Service Commission To Declare Result Of Candidate Who Deposited Late Fees, Provisionally Appeared In Mains Exam

Uttarakhand High Court has directed the State's Public Service Commission to declare the result of the recruitment process to the Assistant Conservator of Forest by deeming the petitioner who provisionally appeared in the mains exam as a qualified candidate.The first bench of Acting Chief Justice Sanjaya Kumar Mishra and Justice Ramesh Chandra Khulbe relied on an interim order of the...

Persons Who Purchased A Portion Of Paddy Land After Commencement Of Act Can't Reclaim It For Residential Use: Kerala High Court Overrules Earlier Precedent

The Kerala High Court on Wednesday held that owners of a portion of a paddy field who purchased it after the enactment of Kerala Conservation of Paddy Land and Wetland Act, 2008 are not entitled to reclaim it for the purpose of residential use. As such, a Full Bench of Chief Justice S. Manikumar, Justice Shaji P Chaly and Justice Sathish Ninan overturned the Division Bench decision in...

Ex-IAS Couple Money Laundering Case: Madhya Pradesh High Court Orders Status Quo On ED's Order Attaching Two Disputed Properties

The Madhya Pradesh High Court, Jabalpur, has ordered status quo on an attachment order issued by the Enforcement Directorate for attachment of properties, purported "proceeds of crime" in a money laundering case registered against ex-IAS couple late Arvind Joshi and Tinu Joshi in 2010.The whole controversy is related to the criminal investigation conducted by ED against the Joshis (IAS Couple...