NCLAT Delhi Imposes Cost Of Rs. 2 Lakhs On Bidder Who Initiated Misconceived Litigation

The National Company Law Appellate Tribunal ("NCLAT"), Principal Bench, comprising of Justice Anant Bijay Singh (Judicial Member) and Ms. Shreesha Merla (Technical Member), while adjudicating an appeal filed in M/s. SGA Fashion Pvt. Ltd. v CMA Sandeep Kumar Bhatt, has rejected the application filed by an auction bidder close to the auction date, wherein the bidder after having...

Constitution Guarantees Right To Live Without Any Religion, Non-Religious Persons Can't Be Sidelined : Kerala HC Judge Justice VG Arun

Justice V.G. Arun of Kerala High Court, on Sunday, inaugurated and addressed 'Life Without Religion Award Distribution and Humanist Youth Movement Convention' conducted by the Kerala Yukthivadi Sangham and the Kerala Misra Vivaha Vedi as part of 'SECULAM 2022' event. "To live without adhering to any religion in our democratic secular country is certainly in tune with our...

GST Refund Application: Andhra Pradesh High Court Excludes Period From 1st March, 2020 to 28th February, 2022 For Limitation

The Andhra Pradesh High Court has relied on the notification dated 05.07.2022 and held that the period from 1st March, 2020 to 28th February, 2022, for the computation of the period of limitation for filing refund applications shall stand excluded.The division bench of Justice C. Praveen Kumar and Justice A.V. Ravindra Babu has observed that the application for refund was not made beyond...

No Statutory Right: P&H High Court Dismisses Judges' Pleas Seeking Re-Determination Of Inter-Se Seniority By Counting Ad-Hoc Service

The Punjab and Haryana High Court recently dismissed a petition filed by different categories of judges claiming seniority over and above recruits from other sources. The petitions were filed seeking re-determination of inter-se seniority of judges by counting the time spent in their ad-hoc service. The petitioners claiming seniority over other recruits belonged to three categories: (a) judges...

Lack Of Specialist Doctors Affecting Tribal Women & Children: Bombay High Court On '62% Medico Vacancies' In Govt Hospitals

The Bombay High Court was recently informed that 62% of the Group A posts of MBBS and BAMS doctors in Maharashtra Medical and Health Services are lying vacant. Out of 1786 posts, 1112 are vacant.A division bench of Chief Justice Dipankar Datta and Justice M. S. Karnik took note of this in a Public Interest Litigation regarding deaths of women and children due to lack of proper medical care in...

RBI Directs Mahindra & Mahindra Financial Services To Cease Recovery Through Outsourcing Arrangements

On 22.09.2022, the Reserve Bank of India (RBI) issued a press release, directing Mahindra & Mahindra Financial Services Ltd. (MMFSL), Mumbai, to immediately cease carrying out any recovery or repossession activity through outsourcing arrangements, till further orders. However, the MMFSL may continue to carry out recovery or repossession activities, through its own employees. It...

Recovery Of Annual Report And Share Certificate From the Assessee's Premises Are Not Incriminating Documents: Delhi High Court

The Delhi High Court has held that the recovery of the annual report and the share certificate of the assessee premises cannot be considered to be incriminating documents.The division bench of Justice Manmohan and Justice Manmeet Pritam Singh Arora has observed that the genuineness of the share capital has been accepted both by CIT (A) and ITAT and that there is no live link between the...

Gauhati High Court Commences Live Streaming

In consonance with the guidelines formulated by the Supreme Court in Swapnil Tripathi v. Supreme Court of India, the Gauhati High Court has commenced the live streaming of Court proceedings on its official YouTube Channel from 26-09-2022 for public viewing. The project has been implemented at present in respect of three nos. of Courts of the High Court. Thus, the proceedings of the Court...

Govt. Extends Foreign Trade Policy For 6 Months

The Ministry of Commerce & Industry has notified the extension of the foreign trade policy for 6 months."The government has always involved all stakeholders in formulating policy. In view of this, it has been decided to extend the Foreign Trade Policy 2015-20, valid till Sept 30, 2022, for a further period of six months, w.e.f. October 1st, 2022," the government said.The government...

NSE Co-Location Scam: Delhi High Court Grants Statutory Bail To Chitra Ramkrishna, Anand Subramanian In CBI Case

The Delhi High Court on Wednesday granted statutory bail to the former National Stock Exchange (NSE) CEO Chitra Ramkrishna and former Group Operating Officer Anand Subramanian in the co-location scam case being probed by the Central Bureau of Investigation (CBI).Justice Sudhir Kumar Jain pronounced the order. The detailed order is awaited. Senior Advocate N Hariharan appeared for...

No PMLA Proceedings After Quashing Of FIR Against Accused: Delhi High Court Set Aside Proceedings Against IHFL And Its Employees

The Delhi High Court has set aside the proceedings under the Prevention of Money Laundering Act, 2002 against Indiabulls Housing and Finance Limited (IHFL) and its employees.The division bench of Justice Anish Dayal and Justice Mukta Gupta relied on the decision of the Supreme Court in the case of Vijay Madanlal Choudhary & Ors Vs. Union of India & Ors. The supreme court held...

Kerala HC Initiates Suo Motu PIL To Include 'Congenital Adrenal Hyperplasia' As Rare Disease, Ensure Financial Aid To Patients

The Kerala High Court on Tuesday initiated a suo motu public interest writ petition to include 'Congenital Adrenal Hyperplasia' in the group of rare diseases and to grant financial aid and support to the patients. It is a genetic disorders that affects adrenal glands.A Division Bench consisting of Chief Justice S. Manikumar and Justice Shaji P. Chaly has issued notices to the State government...