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Legal Era

From Legal Era
No coercive action against NCLT member Rajasekhar, orders Delhi HC
The Delhi High Court on June 5 directed the National Company Law Tribunal (NCLT) not to take any coercive action against its member Rajasekhar V.K. The order was passed by a single Judge bench of...
Expert Committee of Civil Aviation submits report; Bombay HC allows middle seat occupancy in flights subject to conditions
The Bombay High Court had asked the Expert Committee of the Ministry of Civil Aviation to present a report as to whether the COVID-19 could be transmitted by mere touch. The Expert Committee came up...
Does The Coronavirus Pandemic Count As An Act Of God Or As Force Majeure?
The term Act of God can be described as an event which is not reasonably foreseeable or controllable and arises from natural causes that could not have been prevented by immediate actions or...
Effectiveness of Insolvency and Bankruptcy Code as solution for NPAs
Within a short span of 3 years, the code has proven to be a sustainable solution to the problem of NPAs...The Indian Banking sector is going through a hard time due to various reasons, including but...
SC dismisses CBI review petition against bail to Chidambaram in INX Media case
In a relief for Senior Congress leader P. Chidambaram, the Supreme Court on June 4 dismissed the review petition filed by CBI against the bail granted to him in the INX Media case.A bench comprising...
‘Can COVID 19 be transmitted by mere touch?’: Bombay HC asks expert committee of Civil Aviation Ministry
The Bombay High Court on June 4 sought clarification from an expert committee set up by the Ministry of Civil Aviation to review public healthcare protocols for air travel and if the novel Coronavirus...
Lawyer pledges Rs. 25 lakhs to ferry migrants from Mumbai to UP; moves Supreme Court
The Supreme Court on June 4 asked a Mumbai-based advocate to deposit Rs. 25 lakh, which he offered for ferrying migrant workers from Mumbai to Uttar Pradesh amid the Covid-19 pandemic, with its...
Motherson Sumi Systems Limited raise funds under the guidance of Shardul Amarchand Mangaldas & Co.
Shardul Amarchand Mangaldas & Co. advised Motherson Sumi Systems Limited ("MSSL") and Axis Bank Limited (as "Arranger") in connection with funds raised by MSSL through its maiden issuance of 5000...
Plea in Delhi HC wants PM-CARES Fund under RTI ambit
Calling the PM-CARES Fund a “public authority”, a plea has been filed before the Delhi High Court seeking the court’s directions for divulging its information under the Right to Information (RTI) Act,...
S&R Associates act for the lead managers in the qualified institutions placement of equity shares by Kotak Mahindra Bank
S&R Associates represented Goldman Sachs (India) Securities Private Limited, Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Private Limited and SBI Capital Markets Limited,...
MHA Order for full payment of wages: No coercive action against employers says SC
The Supreme Court has reserved its verdict for June 12 on a batch of petitions challenging Central Government’s March 29 order asking employers to pay full wages to employees for the period of...
Cabinet approves six-month IBC holiday for defaulters/NPAs
The Union Cabinet has approved the suspension of proceedings under the Insolvency and Bankruptcy Code (IBC) for bank defaulters for six months with a provision to extend the period for up to one...










