[ad_1] In two separate orders, the Mumbai bankruptcy court dismissed Canara Bank's petition to admit GTL Infrastructure and GTL Ltd for corporate insolvency.The two-member bench relied on the Supreme Court's order of Vidarbha Industries Power for GTL Infra and the failure of lenders to adhere to the central bank's guidelines...
SC displeased with government for delayed response on demonetisation, Legal News, ET LegalWorld – Legal Firms
[ad_1] The Supreme Court on Wednesday expressed its displeasure over an adjournment sought by the Centre, after a Constitution bench assembled to adjudicate a clutch of pleas challenging the government's November 2016 decision to demonetise ₹500 and ₹1,000 currency notes."Normally, a Constitution bench never adjourns like this. We never rise...
NCLT admits insolvency plea against infrastructure firm Valecha Engineering, Legal News, ET LegalWorld – Legal Firms
[ad_1] A bankruptcy court in Mumbai has admitted listed infrastructure firm Valecha Engineering under the Corporate Insolvency Resolution Process (CIRP) and has appointed Anurag Kumar Sinha as the interim resolution professional of the company.The State Bank of India (SBI) had filed an application in the Mumbai bench of the National...
SC seeks report from SFIO, CBI on plea alleging laundering of over Rs 12,000 crore, Legal News, ET LegalWorld – Legal Firms
[ad_1] The Supreme Court directed the Serious Fraud Investigation Office (SFIO) and the CBI on Thursday to file status reports on the progress in their probe into the alleged laundering of more than Rs 12,000 crore of a loan advanced to Amtek Auto by 19 banks. A bench headed by...
SC orders to post freebies matter before 3-judge bench as early as possible, Legal News, ET LegalWorld – Legal Firms
[ad_1] New Delhi [India], November 1 (ANI): The Supreme Court on Tuesday said a three-judge bench will hear a plea related to the freebies that political parties promise during election campaigns.A bench of Chief Justice of India (CJI) UU Lalit and Justice Bela M Trivedi said that let the file...