Supreme court
Term Of Future NCLT Members Should Be 5 Years, Supreme Court Tells Centre While Refusing To Extend 3 Yr Term Of Those Appointed In 2019
The Supreme Court, on Monday, turned down a plea seeking modification of the tenure of members of National Company Law Tribunal (NCLT) appointed pursuant to the notification dated 20.09.2019 issued by the Ministry of Corporate Affairs, from 3 years to 5 years. It refused to extend tenure for the concerned 23 members, but clarified that while making appointments in future the...
Supreme Court Imposes Rs 5 Lakh Cost On Petitioner Seeking Stalling Of Supertech Twin Tower Demolition
The Supreme Court, on Monday, imposed cost of INR 5 lakh on the petitioner who approached it by way of a PIL seeking alternative direction other than demolition of the Supertech Twin Towers. On 31.08.2021, by a detailed judgment the Apex Court had directed the demolition of the illegal twin towers situated in Section 93A NOIDA, on the ground of serious violation of...
"Question Of Policy": Supreme Court Dismisses Pleas Challenging NEET SS 2022 Exam Pattern Change
The Supreme Court, on Monday, dismissed petitions preferred by MD Radiation Oncologists and MD Anaesthesiologists NEET SS 2022 aspirant challenging the changed examination pattern which would now consist of 150 questions from the general/basic component of the primary feeder broad specialty subject and from all sub- specialty/systems/component of that primary feeder broad...
Anil Ambani Moves Supreme Court Challenging Validity Of IBC Provisions Relating To Personal Guarantors
A prominent face in Indian Business, Anil Ambani has moved the Supreme Court challenging the validity of certain provisions of Part III (Insolvency Resolution and Bankruptcy for Individuals and Partnership Firms) of the Insolvency and Bankruptcy Code, 2016 pertaining to Personal Guarantors of a Corporate Debtor.The petition has challenged sections 95 (Application by creditor to...
Supreme Court Permits High Courts Which Stopped Hybrid Options To Be Impleaded In Plea Seeking Virtual Hearing As Fundamental right
In a batch of petitions seeking declaration of virtual hearing as a Fundamental Right, the Supreme Court, on Monday, allowed impleadment of High Courts, which have stopped virtual hearing. Advocate, Mr. Siddharth R Gupta appearing for the petitioner, informed a Bench comprising Justices D.Y. Chandrachud and Sudhanshu Dhulia that some High Courts which includes High Court...
Malegaon Blast Case: Supreme Court Asks Bombay High Court To Expeditiously Decide Lt Col Purohit's Plea
The Supreme Court on Monday requested the Bombay High Court to expedite the hearing in the petition filed by Lt Col Prasad Purohit seeking the quashing of the sanction granted to prosecute him in the 2008 Malegaon blast case.Purohit had approached the Supreme Court challenging his prosecution in the case. The bench comprising Justices Hemant Gupta and Vikram Nath, taking note of the fact that...
Entries In Book Of Accounts/Balance Sheet Of Corporate Debtor Can Be Treated As Acknowledgment Of Liability Of Debt Payable To Financial Creditor: Supreme Court
The Supreme Court observed the entries in Books of Account/Balance sheet of a company can be treated as acknowledgement of liability in respect of debt payable to a financial creditor.An application under Section 7 of the IBC would not be barred by limitation, on the ground that it had been filed beyond a period of three years from the date of declaration of the loan account of the...
Section 141 NI Act - Not Necessary To Specifically Plead That Managing Director Is In Charge Of The Company's Affairs : Supreme Court
The Supreme Court observed that it is not necessary to make an averment that a Managing Director or Joint Managing Directors were in charge of and responsible for the conduct of the business of a company to make them accused under Section 141 of the Negotiable Instruments Act, 1881.The court reiterated that impleading of independent and non-executive directors of a Company on the basis of...
Smriti Irani & Her Daughter Not Owners Of Goa Restaurant, No License Ever Issued In Their Favour: Delhi HC While Issuing Summons To Congress Leaders
The Delhi High Court has observed that there was no license ever issued in favour of Union Minister Smriti Irani or her daughter in connection with a restaurant named Silly Souls Cafe and Bar, located in Goa.Justice Mini Pushkarna made the observation while issuing summons to Congress leaders Jairam Ramesh, Pawan Khera and Netta D'Souza in civil defamation suit seeking damages of Rs. 2...
Supreme Court Dismisses Plea To Accept Nomination For Vice President Election
The Supreme Court of India on Monday rejected a petition filed by Dr. Mandati Thirupati Reddy seeking to direct the Election Commission of India to accept his nomination to the post of Vice President of India. A Division Bench of Justices UU Lalit and S Ravindra Bhat, while rejecting the petition said, "The nature of relief prayed for in the...
Lalit Modi Family Dispute : Supreme Court Allows Another Round Of Mediation, Appoints Ex-Judge RV Raveendran As Mediator
The Supreme Court on Monday appointed former Supreme Court Judge Justice RV Raveendran as a mediator in the ongoing family dispute between businessman Lalit Modi, his mother Bina Modi and his siblings. The bench of Chief Justice of India NV Ramana, Justices Krishna Murari and Hima Kohli also asked the parties to maintain confidentiality during the mediation proceedings and not use...