In a major relief to media major Zee Entertainment Enterprises Ltd (ZEEL), the National Company Law Appellate Tribunal (NCLAT) on Friday stayed the insolvency proceedings initiated against it earlier this week. Admitting a petition filed by ZEEL Managing Director and chief executive Punit Goenka, the appellate tribunal issued notices to private sector lender IndusInd bank and the interim resolution professional directing them to file a reply in two weeks. NCLAT said the submissions made by both sides need a detailed hearing.
The Cabinet Committee on Political Affairs took a decision to this effect in the wake of the scrapping of the IMDT Act by the Supreme Court.
The Kutch region, which was in the forefront of the movement for raising the height of the Sardar Sarovar dam, was not receiving its due share of water in terms of the award of the tribubal.
As Go First awaits the NCLT verdict on its voluntary insolvency resolution plea, lessors have sought deregistration of nine more aircraft of the crisis-hit airline. In one week, various lessors have approached aviation regulator DGCA for deregistration and repossession of a total of 45 planes of Go First. The National Company Law Tribunal (NCLT) is set to pronounce the order on the carrier's petition on Wednesday.
The National Stock Exchange (NSE) has received Rs 300 crore from the Securities and Exchange Board of India (Sebi) following relief from the Supreme Court (SC), which is hearing an appeal by the market regulator in the colocation case. The court on March 20 asked Sebi to return Rs 300 crore to the NSE from the Rs 1,107 crore the exchange had deposited as part of the disgorgement in the case. The NSE had given an undertaking that it will return the entire amount to Sebi if the latter wins its appeal before the SC.
Aviation regulator DGCA on Monday directed crisis-hit Go First to immediately stop bookings and sale of tickets directly or indirectly till further orders, according to a source. Besides, the watchdog has issued a show cause notice to the budget carrier under the relevant provisions of the Aircraft Rules, 1937, for its failure to continue the operation of the service in a safe, efficient and reliable manner, the source said. Earlier, the airline had suspended the sale of tickets till May 15 and has cancelled flights till May 12.
Foreign Office spokesperson Mumtaz Zahra Baloch during her briefing on Friday was asked to comment on the successful soft-landing of the Chandrayaan-3 mission on the Moon.
The green tribunal has diminished itself in growling when it needed to bite at the Art of Living show
The Supreme Court has dismissed an appeal filed the customs department against Adani Power Maharashtra Limited (APML), Adani Power Rajasthan Limited (APRL) and others in a case pertaining to alleged over-valuation of imported goods. "We have heard Balbir Singh, Additional Solicitor General appearing for the appellant(s), and Mukul Rohatgi, senior counsel appearing for the respondents, at length. "We are of the considered opinion that the matters are concluded by the findings of fact recorded by the authorities below and the impugned order(s) does not require any interference at our behest.
The Shiv Sena (UBT) has once again knocked on the doors of the Supreme Court seeking a direction to the Maharashtra assembly speaker to expeditiously adjudicate the disqualification petitions filed against Chief Minister Eknath Shinde and other Sena MLAs, who had tied up with the Bharatiya Janata Party to form a new government in June 2022, in a time-bound manner.
The National Company Law Tribunal has admitted an Indusind Bank plea for insolvency proceedings against Zee Entertainment Enterprises Limited (ZEEL). The division bench of judicial member H V Subba Rao and technical member Madhu Sinha on Wednesday also appointed Sanjeev Kumar Jalan as the resolution professional in the matter. The matter pertains to a default of Rs 89 crore by Zee Group's multisystem operator arm Siti Networks claimed by Indusind Bank, for which ZEEL was a guarantor.
The Supreme Court on Friday said it has no reason to "discredit" SEBI, which probed allegations against the Adani group, as there was no material before it to doubt what the market regulator has done and the court does not have to treat what was set out in the Hindenburg report as a "true state of affairs".
Regional leaders of the RFEF held a crisis meeting in Madrid on Thursday to discuss Rubiales's future and options for a potential successor, a source told Reuters.
At least four FIRs related to extortion were registered against Singh in Mumbai and adjoining Thane.
ECL Finance Company MD and three officials were on Tuesday quizzed for nearly eight hours by the Raigad police in Maharashtra probing the alleged suicide of film art director Nitin Desai, an official said.
The proposal to merge the Gujarat International Finance Tec-City (GIFT City) units of the National Stock Exchange (NSE) and BSE has reached an advanced stage, and both bourses could file an application before the National Company Law Tribunal as early as this month, according to a top regulatory official. Sources indicate that the merger proposal has received approval from their respective boards. Both the NSE and BSE are arch rivals when it comes to onshore trading.
The Supreme Court on Thursday pulled up the Centre for its failure in putting on file the present chief justice of India's letter relating to the appointment of the chairman of National Green Tribunal, which is functioning without its head for a year.
Trudeau stopped short of calling for Parliament speaker Anthony Rota to step aside from the role he's held since 2019.
Notwithstanding record revenues in certain media sectors like film exhibition in the July-September quarter (second quarter, or Q2), the operational performance of the broadcasting business remained subdued. Zee Entertainment Enterprises and Sun TV are expected to experience a year-on-year (Y-o-Y) decline in advertising (ad) revenues during this period. Conversely, box office (BO) collections are anticipated to exceed Rs 3,000 crore in the quarter, propelled by a series of successful movie releases.
The Delhi government has been following the practice of banning all kinds of firecrackers for the last three years.
According to flight radar, the Indian plane with a ground speed of 454 knots entered north of Lahore at about 7:30 pm on Saturday and returned to India at 8:01 pm, the Dawn newspaper reported.
Chhayakar was found guilty by an ICC Anti-Corruption Tribunal of attempting to influence aspects of the UAE's one-day international series in Zimbabwe in 2019
IPO-bound hospitality major OYO has written to the Ministry of Tourism (MoT) requesting it to intervene and investigate the running of the Federation of Hotel and Restaurant Associations of India (FHRAI) and order eviction of erring executive committee members. The hotel aggregator urged the MoT to take necessary action against FHRAI's "illegally run" Executive Committee and its members who are working for self-interest instead of that of small hotel owners. The representation by OYO alleged that FHRAI's actions are detrimental to small hotel owners.
The financial creditor had approached district authorities in Raigad to take possession of ND Studio a few months ago.
It will also be new Revenue Secretary Sanjay Malhotra's first GST Council meeting. He will take charge after the incumbent Tarun Bajaj retires on November 30.
There has been constant friction between Karnataka and Tamil Nadu on the Cauvery waters issue, which assumes sharp political tones quite often which is often resolved by the bounty of monsoons.
In a disciplined force like the Indian Army seniority has all the importance, the Supreme Court said while commuting the life sentence of a non-commissioned officer held guilty for killing his colleague during an altercation over seniority.
Halep says she sent evidence about the contamination to the ITF in December and hoped her case would be heard by an independent tribunal in February but that it was postponed and then a new date in March had also been put back.
As part of their deal Diageo agreed to pay Mallya, $75 million for stepping down as chairman of United Spirits and for entering into a non-compete pact
38 auditors resigned in 2022-23, compared with 46 the previous year.
Bangladeshis on Sunday began voting in the general elections expected to be won by Prime Minister Sheikh Hasina in the absence of the main Opposition Bangladesh Nationalist Party (BNP) which is boycotting it.
Shoaib Akhtar revealed that he was approached for the Bollywood director Mahesh Bhatt's crime-drama movie Gangster, which released in 2005 with the offer to play the lead role.
The Supreme Court on Monday mooted constituting an expert committee for conducting a "complete and comprehensive" study on the carrying capacity of the Himalayan region in the country, where unplanned development has caused devastation in recent times, terming it a "very important issue".
Spain's soccer federation said it would take legal action to defend its president Luis Rubiales.
A Division Bench of Justice N Kotiswara Singh and Malashri Nandy in a recent order, passed on a set of 12 petitions, stated that the principle of 'res judicata' (meaning that once the matter has been decided it cannot be reopened by the same parties), was applicable to the Foreigners Tribunals in the state.
Wadia group-owned Go First will temporarily suspend flights on May 3 and 4 amid severe fund crunch, the airline's chief Kaushik Khona said on Tuesday.
A strong 6.8 magnitude earthquake with the epicentre in Afghanistan shook Pakistan, killing at least 12 people and injuring nearly 250 others in both the countries, authorities said on Wednesday.
An armed forces tribunal has ordered payment of Rs 10 lakh compensation to the widow of a jawan, who died of injuries suffered during a loo break, ruling that a soldier going to toilet while on work was very much on duty.
Their downside is that the donor relinquishes all control over the transferred property, and certain tax implications may also arise.
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