March 19, 2021 In Blog, Uncategorized

SUPREME COURT HOLDS PROMOTER INELIGIBLE TO PROPOSE COMPROMISE OR ARRANGEMENT DURING LIQUIDATION OF COMPANY

The #SupremeCourt has in a recent case of Arun Kumar Jagatramka vs Jindal Steel and Power Ltd. & Anr. passed a Judgment dated 15-03-2021 and decided upon the issue whether a person who is #ineligible…

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March 17, 2021 In Blog, Uncategorized

SUPREME COURT UPHOLDS NCLT POWER TO ADJUDICATE UPON CONTRACTUAL DISPUTES

The Two Judge Bench of the Hon’ble #SupremeCourt of India comprising of Justices DY Chandrachud and M.R. Shah Reddy passed a Judgment dated 08.03.2021 in the case of Gujarat Urja Vikas Nigam Limited v. Mr….

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March 13, 2021 In Blog, Uncategorized

SUPREME COURT HOLDS DECISIONS OF COMMITTEE OF CREDITORS BINDING

The Three Judge Bench #SupremeCourt has in a recent case of Kalpraj Dharamshi and Anr. Vs Kotak Investment Advisors Ltd and Anr. passed a Judgment dated 10-03-2021 regarding whether National Company Law Tribunal (#NCLT) can…

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March 13, 2021 In Blog, Uncategorized

DELHI HIGH COURT SOP FOR COURT HEARINGS

STANDARD OPERATING PROCEDURE (SOP) FOR RESUMPTION OF PHYSICAL FUNCTIONING IN THE HIGH COURT OF DELHI W.E.F. 01.09.2020 (A) Regulations relating to entry in the court blocks for attending physical hearings and VC Court Rooms for…

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March 13, 2021 In Blog, Uncategorized

DELHI HIGH COURT ISSUES NOTICE ON PETITION CHALLENGING INFORMATION TECHNOLOGY (GUIDELINES FOR INTERMEDIARIES AND DIGITAL MEDIA ETHICS CODE) RULES, 2021

On 09-03-2021, the Hon’ble #HighCourt of #Delhi issued a Notice on a Petition challenging the Information Technology (Guidelines for Intermediaries and Digital Media Ethics Code) Rules, 2021, (“#ITRules, 2021” or “Impugned Rules”) which was notified…

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March 13, 2021 In Blog, Uncategorized

CURB ON CHINA CYBER THREAT

In a recent move, the #IndianGovernment has restricted #Chinesevendors from #doingbusinessinIndia for #Cybersecurity reasons. The Government has approved the National Security Directives for the Telecom Sector. As per this Policy, the National Cyber Security Co-ordinator…

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March 7, 2021 In Blog, Uncategorized

SUPREME COURT UPHOLDS INSOLVENCY PROCEEDINGS FILED DURING PENDENCY OF WINDING UP PROCEEDINGS

The #SupremeCourt of India passed a Judgment dated 01.03.2021 in the case of A. Navinchandra Steels Private Ltd. VS. SREI Equipment Finance Ltd. and Ors. (Civil Appeal Nos. 4230-4234 of 2020) and discussed whether Application under Section 7…

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March 7, 2021 In Blog, Uncategorized

SUPREME COURT HOLDS THAT APPLICATION UNDER ORDER IX RULE 13 CPC CAN BE ALLOWED IN CERTAIN CIRCUMSTANCES

The Two Judge Bench of the Hon’ble #SupremeCourt of India comprising of Justices Ashok Bhushan and R. Subhash Reddy passed a Judgment dated 03.03.2021 in the case of Subodh Kumar v. Shamim Ahmed {Civil Appeal Nos.802-803 of 2021…

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March 7, 2021 In Blog, Uncategorized

SUPREME COURT REITERATES PRINCIPLES OF STATUTORY BAR ON LEGAL PROCEEDINGS AGAINST DEBTOR DURING MORATORIUM

The #SupremeCourt has in a recent case of P. Mohanraj and Others vs M/S Shah Brothers Ispat Pvt Ltd passed a Judgment dated 01-03-2021 regarding whether institution or continuation of proceedings under Section 138/141 of the #NegotiableInstruments Act…

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March 1, 2021 In Blog, Uncategorized

SUPREME COURT HOLDS RESOLUTION APPLICANT LIABLE FOR NON-COMPLIANCE OF RESOLUTION PLAN

In a recent case of Committee of Creditors of #AMTEK Auto Limited Through Corporation Bank vs. Dinkar T Venkatasubramanian & Ors.,the Supreme Court passed a Judgment dated 23-02-2021 and held the Respondent-#ResolutionApplicant not guilty of…

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