HC asks ‘Fin minister sleeping?’ over DRT not functioning

Posted On & filed under Corporate Law News.

Mumbai: The Bombay High Court expressed annoyance today over the non-functioning of the Debts Recovery Tribunal (DRT), whose premises here were closed following a fire over a month ago, and sought to know “if the finance minister of the country was sleeping” over the shutdown of a key body. The court said while Mumbai was considered… Read more »

SC: Liquidation of Jaypee group firm would serve no purpose

Posted On & filed under Corporate Law News, Top Law News.

New Delhi: The Supreme Court today said Liquidation of real estate firm Jaypee Infratech Ltd (JIL) would not “serve” the purpose of either home buyers, financial institutions or the promoters. The apex court also reserved its order on “interim reliefs” prayed by various stakeholders including the home buyers of JIL, Jaiprakash Associates Limited (JAL) which is… Read more »

Aircel-Maxis case: SC to hear Swamy’s plea tomorrow

Posted On & filed under Corporate Law News, Top Law News.

New Delhi: The Supreme Court today agreed to hear tomorrow a fresh plea of BJP leader Subramanian Swamy seeking to implead himself as a party in a petition filed against an Enforcement Directorate officer probing the Aircel-Maxis deal case. A vacation bench comprising justices Arun Kumar Misra and S K Kaul also agreed to hear the… Read more »

HC to MMRCL : How it permits construction at nights

Posted On & filed under Corporate Law News.

Mumbai: The Bombay High Court today asked the Mumbai Metro Rail Corporation Ltd (MMRCL) as to how it could be permitted to carry out construction works at nights if it would not stick to noise pollution rules. “How can we pass a judicial order permitting yo to carry out work whole day and night when you… Read more »

HC sought response of journalist, arrested by CBI

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New Delhi: The Delhi High Court today sought the response of journalist Upendra Rai, arrested by the CBI for his alleged involvement in dubious financial transactions, on a plea seeking cancellation of his bail. Justice A K Chawla issued notice to the scribe and sought his stand by July 6 on the CBI’s appeal against the… Read more »

Win-win for 63 moons; MCA’s plea to supersede 63 moons Board dismissed by NCLT under Sec. 397 of Companies Act, 1956

Posted On & filed under Corporate Law News, Court, Judiciary & Legal System, Top Law News.

Mumbai, June 9, 2018: Surpassing the Board of 63 moons technologies limited (formerly known as FTIL) under Section 397 of the Companies Act, 1956, the National Company Law Tribunal (NCLT), Chennai dismissed the plea of the Ministry of Corporate Affairs (MCA). The NCLT completely cleared the present Board of 63 moons (which comprises of 4… Read more »