NCLT Chennai Orders Dissolution Of M/S Pillar Industries India Private Limited Under Section 59 Of IBC

The NCLT Chennai bench comprising of Ashok Kumar Bharadwaj (Judicial Member) and Sameer Kakar (Technical Member) has ordered for dissolution of M/s Pillar Industries India Private Limited (“the Company”) under section 59 of Insolvency and Bankruptcy Code, 2016(“IBC, 2016). The Company filed a petition before NCLT Chennai through its Liquidator for initiation of voluntary...

IBC-NCLT Chennai Approves Resolution Plan For Hindustan Photo Films Mfg. Co. Ltd.

The NCLT Chennai bench comprising of Shri Ramalingam Sudhakar (Judicial Member) and Shri Sameer Kakar (Technical Member) has approved a Rs. 105.30 crore resolution plan of Mr. M.K. Rajagopalan for Hindustan Photo Films Mfg. Co. Ltd. (“Corporate Debtor”) under section 30 (6) and 31 of the Insolvency and Bankruptcy Code, 2016 (“IBC, 2016”). The Company was admitted into...

IBC-NCLT Chandigarh Approves Resolution Plan For Haryana Telecom Limited

The NCLT Chandigarh bench comprising of Shri Harnam Singh Thakur (Judicial Member) and Shri Subrata Kumar Dash (Technical Member) has approved a 25 crore resolution plan of Mr. Abhimanyu Singh Mehlawat for Haryana Telecom Limited (“Corporate Debtor”) under section 30 (6) and 31 of the Insolvency and Bankruptcy Code, 2016 (“IBC, 2016”). The Company was admitted into...

Arbitration-Court To Apply Reasonable Third Person Test While Considering Arbitrators’ Requirement For Disclosure, If The Case Doesn’t Fall Under The Lists Under IBA Guidelines: Bombay High Court

The Bombay High Court, while dealing with a petition seeking enforcement of a foreign arbitral award, has observed that the “pro-enforcement bias” in the New York Convention has been specifically adopted in Section 48 of the Arbitration and Conciliation Act, 1996 (A&C Act). The bench of Justice Manish Pitale was considering the guidelines issued by the International...

Agreement Between The Parties “Birth-Giver”; Arbitrator Can’t Grant Pre-Award Interest When Agreement Provided For No Interest: Delhi High Court

The Delhi High Court has reiterated that the agreement between the parties has primacy over the powers of the Arbitral Tribunal to grant pre-award interest under Section 31(7)(a) of the Arbitration and Conciliation Act, 1996 (A&C Act). The bench of Justice Chandra Dhari Singh held that since the Agreement between the parties specifically provided that no interest shall be granted...

Kerala Court Sentences Clinical Psychologist For Sexual Abuse Of Minor Patient

A Kerala Court has convicted a Clinical Psychologist to 7 years rigorous imprisonment for the sexual assault of a 13 year old boy who used to consult him in the counselling centre run by him. This is the second such case under the Protection of Children from Sexual Offences (POCSO) Act against the accused, Dr. Gireesh K., in which he has been convicted. Last year, the Court had sentenced...

National Green Tribunal Rejects Taxi Union's Plea To Increase The Number Of Vehicles Allowed To Rohtang Pass

Recently, the National Green Tribunal (NGT) has rejected an application to increase the number of vehicles from 1300 to 5000 allowed to travel to Rohtang pass due to concerns about environmental damage and climate change. The Him Anchal Taxi Union had filed an application to modify the Tribunal's 2015 order, which had limited the number of vehicles allowed in the Manali and Rohtang...

NCDRC Awards 2 Crore Compensation With Interest For Bad Haircut, Hair Treatment At ITC Maurya

In a significant judgement, the National Consumer Disputes Redressal Commission (NCDRC) has awarded a compensation of 2 crore rupees with 9% interest to a woman who suffered trauma, and loss of career prospects due to a bad haircut and hair treatment, owing to the deficiency in the services of a salon at Delhi's five-star ITC Maurya in 2018.The bench of Justice R.K Agrawal (Chairman) and...

Company Or Its Directors Not Liable To Pay Excise Duty If Job Workers Are Independent Contractors/Manufacturers: CESTAT

The Kolkata Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) has held that a company or its directors are not liable to pay excise duty if the job workers of the assessee company were independent contractors or manufacturers.The bench of P. K. Choudhury (Judicial Member) and K. Anpazhakan (Technical Member) have observed that if the job workers are proven to...

IBC-Gujarat High Court Stays The Order Of IBBI Disciplinary Committee

The Gujarat High Court Bench, comprising of Justice Vaibhavi D. Nanavati, while adjudicating a petition filed in Bhupendra Singh Rajput v Insolvency and Bankruptcy Board of India (IBBI), has stayed the order passed by the Disciplinary Committee of the Insolvency and Bankruptcy Board of India (“IBBI”), whereby the registration of an Insolvency Professional was suspended...

Higher Price Not Charged Than The Price Re-Fixed On The Rejected Footwear: CESTAT Quashes Excise Duty Demand Against Bata

The Kolkata Bench of Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has allowed the concessional rate of excise duty to Bata as there was no allegation against Bata that it has charged a higher price than the price re-fixed on the rejected footwear.The bench of P.K. Choudhary (Judicial Member) and Rajeev Tandon (Technical Member) observed that the stickers were put on the...

BREAKING| All India Bar Examination (AIBE) XVII Results Declared By Bar Council Of India

The Bar Council of India (BCI) has announced the All India Bar Examination (AIBE) XVII results today on the official website allindiabarexamination.com. To access the results, the candidate has to enter the login details i.e. User ID and Password issued during registration for AIBE-XVII."Dear Candidates, We are pleased to inform you that the result of AIBE-XVII is now available to download,"...