Insolvency tribunal NCLT on Wednesday rejected Go First lessors' petitions to take back the planes leased to the grounded airline, and said the aircraft are available for resumption of operations since aviation regulator DGCA has not deregistered them. A two-member bench of the National Company Law Tribunal (NCLT) held that physical possession of the aircraft/engines would be "indisputably" with Go First and lessors cannot claim possession during the Corporate Insolvency Resolution Process (CIRP) of the carrier. According to the tribunal, aircraft and its engines are the sole essence of Go First's business and if taken away, it would result in its "corporate death" leaving no scope for its resolution.
The doping menace in Indian athletics continues. Four athletes were caught using banned substances during the Federation Cup Senior National Championships in Patiala last month. The 'A' samples of the four were found to have contained stanozolol, methandienone anabolic steroid and methylhexaneamine stimulant.
Real estate developer Supertech on Friday was declared bankrupt by the National Company Law Tribunal (NCLT), a move that could have a bearing on 25,000 home buyers of the firm's ongoing projects in the Delhi and NCR region. Acting on a petition filed by the Union Bank of India for non-payment of around Rs 432 crore worth dues, the bankruptcy court ordered the initiation of insolvency proceedings against real estate firm Supertech Ltd, one of the companies of Supertech group. The NCLT said "there has been a default in payment of the financial debt" and appointed Hitesh Goyal as the Interim Resolution Professional (IRP) superseding the board of Supertech Ltd.
Reaffirming its stand, the International Olympic Committee Wednesday rejected calls from the Indian Government to drop Dow Chemicals as sponsor of the London Games because of its links to the 1984 Bhopal gas tragedy.
The provisional suspension on the 11 dope tainted athletes, including one in the Commonwealth Games squad, was lifted by the NADA disciplinary committee following WADA's decision to shift the banned stimulant from 'non-specified' to 'specified' substance category.
Admitting that the menace of doping was rampant in the country, the Sports Ministry on Saturday disclosed that 103 Indian sportspersons, including juniors have flunked dope tests in the last eight months.
The doping menace continues to haunt Indian sport. The National Doping Agency (NADA) on Thursday announced that nine athletes tested positive for banned substances during the National Games, which concluded in Ranchi on February 26.
The payment row which prompted top tennis players to issue a Commonwealth Games boycott threat is expected to take another fortnight to resolve as the Sports Ministry on Monday sought more details of the expenses from the All India Tennis Association to release the money.
Keen to settle the payment dispute involving elite tennis players at the earliest, the Sports Ministry on Saturday said it was willing to clear the dues even on receiving the minimum documentation from AITA.
The gold medal winners were given a cash award of Rs 30 lakh each, while silver and bronze medallists took home Rs 20 lakh and Rs 10 lakh respectively.
Rajyavardhan Rathore said that a games period will be made mandatory in schools after reducing the syllabus by 50 per cent by next year.
The portfolios to the new ministers are likely to be announced soon.
The salary hike for government employees is likely to put an additional burden of Rs 24,000 crore on the state excheque.
A top official of the Paralympic Committee of India (PCI) said that the para-athletes were initially denied entry when they arrived at the Games Village as the Sports Ministry had not till then cleared funds to the tune of US$2.5 lakh.
Sports Minister Rajyavardhan Singh Rathore hopes the stupendous success of FIFA Under-17 World Cup would motivate the country's budding footballers to improve their game and eye a World Cup qualification in near future.
In his affidavit, the chief secy also stated that the CB-CID, which has been investigating the case registered in connection with the riots, has proposed to submit its closure report.
UP government told the officials that they should not act in over-enthusiasm, nor should they overstep their jurisdiction.
'That the commandments to officialdom were issued by a BJP functionary and not a minister is a reflection of the Yogi government's work style.'
Summary of sports events and persons who made news on Friday
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