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Legal Era
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From Legal Era
Goa govt to recover Rs 3,431 crore dues from errant mining companies
The Goa government will recover dues to the tune of Rs. 3,431 crore from companies being probed for illegal mining in the state, an undertaking submitted to the Bombay High Court bench said.The...
Any subsequent dispute raised while replying to the demand notice under Sec 8(1) of IBC cannot be taken into consideration to hold that there is a pre-existing dispute: NCLT
M/s. Adecco India Pvt. Ltd. (Applicant/Operational Creditor), filed an application dated 11th December 2018, with the National Company Law Tribunal (NCLT) to initiate the Corporate Insolvency...
Delhi HC rejects plea against ban on servicemen using social media
The Delhi High Court today turned down a petition filed by Lieutenant Colonel P.K. Choudhary seeking the court’s direction to the Director General of Military Intelligence (DGMI) to withdraw its...
Plea in SC against Gujarat order for longer working hours, no overtime
The Supreme Court on Tuesday issued notice challenging the notification of the Gujarat Labour and Employment Department, granting exemptions to all factories in the state from provisions of the...
EU opens investigation into Google’s acquisition of Fitbit
The European Commission on August 4 said it had opened an in-depth investigation to assess the proposed acquisition of Fitbit by Google under the EU Merger Regulation. Google had announced plans to...
Covid- 19: Virgin Atlantic airline files for bankruptcy Protection
Virgin Atlantic has sought protection from creditors in the United States (US) in the bankruptcy court in the southern district of New York as it struggles to cope up with the Coronavirus pandemic...
After AI, subsidiary Alliance Air launches LWP scheme for employees
Alliance Air, an Air India subsidiary, on August 4 launched a Leave Without Pay (LWP) scheme for its employees, similar to the one rolled out by its parent organisation before its privatisation....
Thin line between free speech, contempt: SC on Prashant Bhushan case
Taking up the 2009 contempt of court case against lawyer Prashant Bhushan, the Supreme Court said that there is a thin line between free speech and contempt, adding that the issue now is how to save...
Franklin Templeton debt funds see further dip in NAV as Future Group defaults
Four of the six debt schemes of Franklin Templeton Mutual fund which are under winding up saw further dip in their Net Asset Values (NAVs) due to default in payment of dues by the Future Group firms –...
SEBI issues procedural guidelines for proxy advisors
The Securities and Exchange Board of India (SEBI) on Monday came up with a set of procedural guidelines for proxy advisors. Proxy advisory firms advise shareholders on corporate governance-related...
Covid hits Income Tax appeal process; CAs want hearings put off till Dec
The Covid-19 pandemic is hitting the new initiative of expeditious disposal of Income Tax appeals as Chartered Accountants (CAs) have sought a delay in hearing of such appeals till November.Hundreds...
Andhra launches virtual campaign on cyber crimes against women
Andhra Pradesh Chief Minister Y.S. Jagan Mohan Reddy on Monday launched ‘E-RakshaBandhan’ campaign aimed at creating public awareness on cyber crimes against women and children.The virtual cyber crime...