The Madras high court has ordered the winding up of private carrier SpiceJet Limited and directed the official Liquidator attached to the high court to take over its assets, in a plea filed by a Swiss company over unpaid dues. The court was allowing a company petition from Credit Suisse AG, a stock corporation registered under the laws of Switzerland, which prayed for winding up of the Indian firm under the provisions of the Companies Act, 1956 and appoint the Official Liquidator of the high court as the liquidator with all powers under Section 448 of the Companies Act to take charge of SpiceJet's assets, properties, stock in trade and books of accounts. The "respondent company (SpiceJet) has miserably failed to satisfy the three pronged test suggested by the Supreme Court in Mathusudan Govardhandas & Co v Madhu Woollen Industries (P) Ltd, and hence had rendered itself liable to be wound up for its inability to pay its debts under Section 433 (e) of the Companies Act 1956," Justice R Subramanian said in his order on Monday and directed the private carrier be wound up and the official liquidator take over its assets.
India is confident of hosting England for a full tour next year amid the COVID-19 pandemic, said BCCI president Sourav Ganguly on Tuesday.
Prime Minister Narendra Modi on Thursday laid the foundation stone for the Noida International Airport at Jewar in Uttar Pradesh. It will be one of the largest aerodromes in Asia.
As a 75-year-old septuagenarian, Bajaj Auto has adapted itself as a nod to competition, regulations, and changing buyer preference. It will continue to do so, said its managing director Rajiv Bajaj at the launch of the all-new Pulsar 250. This was in response to a question on the company's preparedness for disruption by electric two-wheeler start-ups.
Stage eight winner Nans Peters had long crossed the line when fellow Frenchman Thibaut Pinot's ordeal ended after the Groupama-FDJ rider, highly fancied to become the first local winner of the race in 35 years, had been dropped in the second ascent of the 141-km trek through the Pyrenees.
The Punjab government had moved a habeas corpus petition in the high court on Friday.
Relatives of 9/11 victims will meet with the United States attorney general to discuss allegations that a newspaper owned by Rupert Murdoch's News Corp targeted phone conversations and voice mails of victims of the 2001 terrorist attack, a lawyer representing family members said.
"The consequence of the demand to declare Hijab as an essential religious practice is huge because there is an element of compulsion or else you will be expelled from the community," Navadgi told the court.
She was living alone in her house, and police said that she had been smothered to death.
The Bharatiya Janata Party has sought filing of first information report against Prime Minister Manmohan Singh in the alleged coal block allocations, prompting the government to conduct an exercise to ascertain how he could be safeguarded from any legal wrangling.
In 2017, when Infosys announced that Salil Parekh would be its next chief executive officer (CEO) and managing director (MD), very few in the industry or the analyst community doubted his ability to bring the company back to a healthy growth trajectory, improve morale within the company and, more importantly, win the promoters' trust and investor confidence. There were reasons for this confidence. He was not only the deputy CEO of the Paris-headquartered IT services major Capgemini, but also one of the only non-European faces on the executive board of the company.
The Supreme Court Thursday reserved judgement on appeals against the Bombay High Court verdict which had held that no offence of sexual assault under the POCSO Act is made out if there is no direct 'skin-to-skin' contact between accused and the victim.
A G Perarivalan alias Arivu is now a free man following a legal battle, and that long fight provides scope for throwback moments of Tamil sentiment that propelled the struggle which was backed by most political parties and successive governments in Tamil Nadu.
Bowing to pressure from the opposition, Divestment Minister Arun Shourie on Tuesday assured the Rajya Sabha that he would seek an opinion from Attorney General Soli Sorabjee on the legality of the sell-off of HPCL and BPCL.
Attorney General K K Venugopal told a bench headed by Chief Justice Ranjan Gogoi that the fight between the two officers impacted the image of the CBI.
A Delhi court Wednesday issued summons to former Union minister P Chidambaram and his son Karti in the INX Media money-laundering case on taking cognisance of the charge sheet filed by the Enforcement Directorate (ED) against them.
The apex court also put forth questions why loans were given to Mallya when he was a defaulter.
Attorney General Mukul Rohatgi has rubbished allegations in the Supreme Court that Salian was pressurised by the National Investigation Agency to 'go slow' in the case.
'Karan and I are the kind of individuals who cannot be fake.'
Germany's Metro AG to invest 300 million euro in India and open wholesale stores in Hyderabad, Kolkata, Chennai and Mumbai.
Rohatgi was made attorney general in June. In the past 2 months, his rulings have raised eyebrows for being in line with the political alignment of the government. Kavita Chowdhury reports
Making the announcement at a press conference in Chandigarh, Sidhu, however, said he will assume charge the day Punjab will get a new advocate general.
France's Romain Bardet of AG2r-La Mondiale won the 18th stage of the Tour de France, a 186.5-km trek from Gap on Thursday.
Available only in diesel model and in ZDi trim level.
The Madras high court on Thursday pulled up the Centre over its alleged lapse in taking prompt action in containing the Covid-19 pandemic, wondering what it was doing for 14 months.
Hinduja Group's business process management entity, Hinduja Global Solutions Limited (HGS) said on Wednesday that it has entered into definitive agreements to divest its Healthcare Services business to funds affiliated with Baring Private Equity Asia (BPEA), at an enterprise value of $1.2 bilion. The deal is subject to closing adjustments, and is expected to complete within 90 days, subject to shareholder and other regulatory approvals. "The cash that will come in as a result of this transaction will be deployed to growing the business as well as looking at buying some capabilities...where capabilities are important for being able to do a good job of customer experience transformation.
What could be more uncertain than Virat Kohli's agonising wait for a century for over two years? Perhaps it's what you will pay tomorrow morning to fill your vehicle's tank. Pump prices have joined cricket scores as the country's favourite discussion topic. Steep increases invite widespread protests, while moderate additions make the government anti-reformist. The ongoing fuel price conundrum is no different.
Former India cricketer A G Milkha Singh passed away at a hospital in Chennai on Friday following a cardiac arrest.
Attorney General Soli Sorabjee has said the sale of stakes in two state-run oil refiners does not need parliamentary approval.
The Congress on Saturday hit back at Attorney General Mukul Rohatgi for opining that the party had no claim to the post of the Leader of Opposition in Lok Sabha and alleged that his view on the matter was aimed at "pleasing the political masters".
The SC sought response of all the petitioners who have challenged demonetisation.
AG's view in the long-pending case related to the Aircel-Maxis deal has come in less than two months of the Narendra Modi government taking charge at the Centre.
'I just want to thank the whole team ... everybody it took to get to here.'
As part of the transaction, Daimler will reduce its stake from 60%, while Wolff will up his shareholding from 30%, the statement said.
Accusing Congress of indulging in unfair criticism on the Leader of Opposition issue, Parliamentary Affairs Minister M Venkaiah Naidu on Sunday asserted that the matter is in the purview of the Lok Sabha Speaker.
The bench, comprising acting Chief Justice S S Saron and Justices Surya Kant and Avneesh Jhingan, directed that no FIR registered by the two states during the episode shall be cancelled without the permission of the high court.
The Bombay high court on Thursday said the Union government's allocation of Amphotericin-B, a key drug used in the treatment of mucormycosis or black fungus, appeared to be irrational, and the supply to Maharashtra was not adequate considering the number of cases in the state.
The RBI has shelved its plan for polymer notes more than a decade after it invited interest from global manufacturers for one billion pieces of Rs 10 denomination polymer banknotes, reveals Tamal Bandyopadhyay.
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