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...banks and financial institutions have to recover are in staggering figures and at long last at least one statutory measure has proved to be of some efficacy. This Court would be loath to give such an...the behest of financial creditors, being State Bank of India and Standard Chartered Bank, admitting a petition filed under the Code for financial debts owed to them by the corporate debtor Essar...wished to submit resolution plans for the revival of ESIL. In terms of the advertisement, the last date for submission of an expression of interest was 23-10-2017. Pursuant to this advertisement, one...
...provision, which had been to protect the creditors against siphoning away of corporate assets by the management of the company, who have special knowledge of the company's financial troubles by virtue...security is an established commercial business practice; (ii) the corporate debtor has continuously disclosed details of the security in its annual reports beginning from the financial year ending 31-3-2015...provisions therein. One part of such challenge had also been founded on the ground that classification between “financial creditor” and “operational creditor” was discriminatory and violative of Article 14 of...
...undertaken by DoT from September 2007 to March 2008 for grant of UAS licences to the private respondents in terms of the recommendations made by TRAI is vitiated due to arbitrariness and mala fides and is..., in the name of “Indian Telephone Industries Ltd”. The reforms in the telecommunication sector started in 1984 when the Centre for Development of Telematics (“C-DoT”) was set up for developing...private investment in July 1992 for the following services: (a) electronic mail; (b) voicemail; (c) data services; (d) audio text services; (e) video text services; (f) video conferencing; (g) radio...
.... (2005) 6 SCC 321, Haryana Financial Corporation v. Kailash Chandra Ahuja (2008) 9 SCC 31...technical evaluation and 20% weightage was given to financial evaluation. Out of the four components of technical evaluation, as noted above, the last component of Approach and Methodology carried maximum...the pre-bid meeting and six firms finally submitted their technical and financial bids for evaluation. These firms gave a presentation on their approach and methodology before a designated Jury of...
...is correct in law. It is seen that the respondent had voluntarily resigned from the service and the resignation was accepted by the Government on 18-5-1982. On and from that date, the relationship of...resignations and had appointed them. The doctrine of discrimination is founded upon existence of an enforceable right. He was discriminated and denied equality as some similarly situated persons had been...be wrong but the wrong order cannot be the foundation for claiming equality for enforcement of the same order. As stated earlier, his right must be founded upon enforceable right to entitle him to the...
..., Engineering colleges. Pharmacy colleges. Commerce, Literature, Arts and Sciences and Management colleges and colleges in other subjects and to promote allied activities for diffusion of useful...which the society and the institutions proposed to be founded by it were to be financed initially. It was admitted before us in answer to a question by us to the learned counsel for the appellant Society.... It was stated “to start with, as per your advice, we are proposing to start the following faculties at Vikarabad where we have our Christian Hospital, High School, Church and other vacant buildings...
...;(ii) adequate financial resources are available to support the safety of facilities for spent fuel and radioactive waste management during their...Explosives Act, 1884, the Disaster Management Act, 2005, the Atomic Energy (Radiation Protection) Rules, 2004, the Industrial Radiography (Radiation Surveillance) Procedure, 1980, the Atomic Energy...station is situated either by itself or through any authority or corporation established by it or a government company for the transmission of electricity to any other State...
...assets. Reference is made to the Report of the Insolvency Law Committee, dated February 2020, which recommended the insertion of a minimum number of financial creditors in a class. It reads as follows...made to Rule 4 of the Companies (Management and Administration) Rules, 2014, which contemplates a separate register in Form FMG-II for debenture holders. It contains all details of the debenture holder...resolution of the insolvency may be attained by replacing the existing management. The law giver has contemplated last mile funding. It has, however, fixed a time-limit, as contemplated in Section 12...
...a company which for a continuous period of three financial years has not filed financial statements or annual returns and has since resigned or ceased to be a director, such a person would also be...section;(g) such person is already a director of a public company which, -(A) has not filed the annual accounts and annual returns for any continuous three financial years commencing on and...own which shall also be laid before the annual general meeting of the company along with the laying of its financial statement under sub-section (2):Provided that the company shall also attach...
...under Section 20 of the Forest Act, 1927 in Sawantwadi Forest Division of Sindhudurg District in Maharashtra which was obtained from the working plan of Sawantwadi Forest Division (2014-15 to 2023-24...character. The airport which presently serves the region is situated at Dabolim, Goa.3. Since the airport at Dabolim is saturated in terms of its capacity for annual air traffic...report prepared by Engineers and Management Associates, Spain in 1997.3.2. A preliminary technical feasibility study prepared by the Airports Authority of India in May 1998...
..., Gurcharan Singh v. Directorate Of Revenue Intelligence . (2008) 17 SCC 28, Assistant Electrical Engineer v. Satye...and 56/2021SLP (Crl.) Nos. 1534/2018, 2971/2018, 7408/2018, 11049/2018, 11839/2019, 1732/2020, 2023/2020 and 6303/2020...thereof.7. A question was raised as to whether there can be a procedure in law, where penal proceedings can be started against an individual, without informing him of the...
...(-) 449.76 crores during 2013-2014 and Rs (-) 581.38 crores during last Financial Year 2014-2015. The current overdraft till May 2015 is Rs (-) 222 crores bringing the total overdraft to the tune of...power under Article 356(1), as no such advice will be available from the Council of Ministers, who are responsible for the breakdown of constitutional machinery, or where one Ministry has resigned, and...2008 SCC OnLine Del 542 , (2008) 104 DRJ 686 was not binding on him and he could have acted in the matter only on the aid and ...
...(2014) 6 SCC 564, it was noted by this Court that there was stay of dispossession when the writ petition was pending but this Court passed no interim order. There was no stay for the last 7 years...979 acquisition in Pune Municipal Corpn. (2014) 3 SCC 183 in 2008 as such the 2013 Act was not attracted. There was no question of...Pune Municipal Corpn. v. Harakchand Misirimal Solanki (2014) 3 SCC 183 has been doubted. The main issue is inte...
...failed to carry out its statutory function of exchanging opinion on the case with sister institutions in India and abroad for postoperative management to retrieve the patient from the damage to the...to make on the point of quantum of compensation during the arguments stage itself; at that stage the opposite parties only stated that the claim was exaggerated and ill founded...negligence of the opposite parties to the complainant. A similar situation has arisen in the case on hand where the complainant had been given financial support by the parents for hospitalisation and...
...the impugned Act.3. The newspaper industry in India did not originally start as an industry, but started as individual newspapers founded by leaders in the national.... The liability for past gratuity would be Rs 6,624, and the recurring annual gratuity would be Rs 2,303 and the annual recurring increase in wages would come to Rs 2,280. The financial burden in case of..., political, social and economic fields. During the last half a century, however, it developed characteristics of a profit-making industry in which big industrialists invested money and combines controlling...
...started residing in the society's premises, they had to incur increased amount towards the property tax and water charges. These charges were levied on an annual basis and continue to be raised due to the..., Management and Transfer) Act, 1963 (“MOFA”). The members of the appellant booked the flats in 1993 and were granted possession in 1997.3. According to the appellant, the...before the State Consumer Disputes Redressal Commission, Mumbai (“Scdrc”) seeking a direction to the respondent to obtain the occupancy certificate. On 7-4-2014, the respondent made an offer of a one...
...and persons who have been removed as Directors under Section 164 of the Companies Act, 2013 (for not filing financial statements or annual returns for any continuous period of 3 financial years, for...Institutions Act, 1993 constituted only 28%. All this would go to show that the amounts that public sector banks and financial institutions have to recover are in staggering figures and at long last..., Nclat, as an appellate forum, should have the same convenience and expediency as existed prior to appeals going to Nclat. Since Nclat, as an appellate court, has a seat only at New Delhi, this would...
...annual returns and financial statements during the last three consecutive years and it was the duty of the Directors of the companies to make statutory compliance within the time prescribed under the...the companies that had failed to file the financial statements or annual returns for continuous period of three financial years i.e. 2013-14, 2014-15, and 2015- 16 in terms of the...period of three financial years from 2014-15. 25.As discussed herein above, the annual general meeting has to be held within six months from the date of closing of the financial year. In case of...
...institutions. The normal strength of a High Court must be fixed on the basis of the average annual institutions of all types of proceedings in a particular High Court during the last three years. This is...had recommended in its Fourteenth Report that the normal strength of a High Court must be fixed on the basis of average annual institution of all types of proceedings in the High Court during the last...of India. In practice the last word in such a sensitive subject must belong to the Chief Justice of India, the rejection of his advice being ordinarily regarded as prompted by oblique considerations...
...institutions, and entrepreneurs/promoters would be barred from institutional finance for five years. Banks/financial institutions can even change the management of the wilful defaulter, and a promoter/director...accordance with the Master Directions on Frauds, all the lender banks formed a Joint Lenders Forum with State Bank of India as the lead bank.4. The JLF declared the...Court of Telangana.5. By a judgment dated 10 December 2020, a Division Bench of the High Court allowed the writ petition by holding that the principle of audi alteram...