Benches of the National Company Law Tribunal (NCLT) should not get into questioning a company's default once it is established by the creditors, particularly financial creditors, for admission to the corporate insolvency process. This is one of the key themes of the draft guidelines for the NCLT, which are being finalised by the Ministry of Corporate Affairs (MCA), a senior official said. According to the official, while the company law matters could involve the "principle of natural justice" and justify extended proceedings to hear all parties concerned, the same does not apply to the Insolvency and Bankruptcy Code (IBC) proceedings.
The Bombay high court on Monday refused to grant an interim stay on setting up a fact-checking unit (FCU) under the recently amended Information Technology (IT) Rules to identify fake and false content on social media against the government, noting that no grave and irreparable loss would be caused.
The raids continued for nearly seven hours during which the ED sleuths seized a number of documents.
The Reserve Bank on Monday pitched for creation of a conducive environment for investment and faster clearances of projects to boost economic growth which slowed to a decade low of 5 per cent in the previous fiscal.
Liverpool, beaten by Arsenal on Sunday, lead the table on 51 points from 23 games but City are up to 49 from 22 and Arsenal on 49 from 23.
Notably, Pakistan had previously denied the permission of President Ram Nath Kovind and Prime Minister Modi to use Pakistan's airspace thrice to travel to foreign countries in 2019 after India abrogated Article 370 from Jammu and Kashmir.
Censor Board chairperson Pahlaj Nihalani has taken a decision to clear all promotional clippings and trailers of films within 24 hours.
Bereft of ideas, a lacklustre Indian football team's woes were compounded by its defensive lapses, resulting in a 0-3 drubbing by a dominant Uzbekistan in the AFC Asian Cup in Doha on Thursday.
K L Rahul has ruled out of the third Test against England, starting in Rajkot on Thursday, after failing to recover fully from his injury.
With the arrests of nine men, including four Bangladeshi nationals, the Delhi Police on Monday claimed to have busted an international racket that used to send people to European countries on the basis of illegal documents.
Pakistan Interior Minister Rehman Malik's arrived in New Delhi on Friday on a three-day visit to the country. His arrival delayed by four hours after he took a Pakistan Air Force plane in a change of plans that required fresh clearance from the Indian side.
The achievements without the National Entrance-cum-Eligibility Test (NEET) were not enough for the future, Ravi said, adding the qualifying test is here to stay.
The IAF had signed a contract for five squadrons of the S-400 air defence missile systems of which three units were received in time but two squadrons have not yet been supplied.
The Pakistan Cricket Board had asked to move its match against Afghanistan from Chennai to Bengaluru and the game against Australia from Bengaluru to Chennai.
Kinetic on Wednesday relaunched the iconic two-wheeler Luna in an electric avatar, addressing the demand for affordable electric vehicles (EVs), more than two decades after its initial introduction. e-Luna will be available at an introductory ex-showroom price of Rs 69,990, as announced by Sulajja Firodia Motwani, founder and chief executive officer of Kinetic Green, after Union Road Minister Nitin Gadkari launched the vehicle. Motwani pointed out that the current top 10 electric two-wheelers in the country are priced between Rs 1.05 lakh and Rs 1.49 lakh, making them a "luxury" that is not "practical and accessible" for most people in India.
India is all set to make its presence felt in the $47 billion global outsourced semiconductor testing and packaging market, an arena where Malaysia and Vietnam have been way ahead so far. The Cabinet last Thursday cleared two projects, the Tata's assembly testing and packaging plant (ATMP) and the Murugappa-owned CG Power with Renesas from Japan as its tech partner. These, together with Micron's assembly and testing plant which is already being constructed in Sanad in Gujarat, will collectively invest Rs 47,300 crore to set up the factories.
Base metals major Hindalco's overseas subsidiary, Novelis, has submitted a draft registration with the US Securities and Exchange Commission (SEC) for the proposed public offering of promoters' shares. Novelis' sole shareholder, AV Minerals (Netherlands) NV, is a 100 per cent subsidiary of Hindalco. Novelis would not receive any proceeds from the sale. Assuming SEC clearance could go through in about 6 months.
While the responses of the candidates were predictable, depending on which side they belonged to, an interesting point slipped through when Rahul Shewale cited the Dharavi Redevelopment Project as a scheme that would add to Mumbai's importance. No big infrastructural project in Mumbai, he said, could be successful without the Centre's nod.
Real estate biggies expcet single window clearance for upcoming projects.
Former Maharashtra minister and Shiv Sena-Uddhav Balasaheb Thackeray leader Aaditya Thackeray on Monday claimed nearly '50 people', including 'some middlemen' and personal assistants, will be part of the delegation that will travel with Chief Minister Eknath Shinde for the World Economic Forum (WEF) gathering in Davos, Switzerland.
Salah's sublime second-half strike leaves Liverpool on 67 points, three ahead of second-placed Arsenal and four ahead of City on a pivotal day in the title race.
England captain Ben Stokes has changed the game of cricket in a "lot of respects", says batter Ollie Pope, as the maverick all-rounder gears up for his 100th Test appearance in a couple of days' time.
The central government has made Intelligence Bureau's clearance mandatory for appointment of a private person as Officer on Special Duty (OSD) to a minister.
Advocate for one of the victims of Ishrat Jahan encounter case has claimed a retired Gujarat police officer had heard his suspended senior D G Vanzara, main accused in the case, telling another officer that he had the clearance of Chief Minister Narendra Modi for the encounter.
Mohali was on Wednesday formally approved as the venue for the second cricket Test between India and England after getting the clearance from England and Wales Cricket Board's security experts.
The Chairman of the Pakistan Cricket Board (PCB) Zaka Ashraf has admitted that left arm pacer Wahab Riaz was selected in the national team for the upcoming England series only after clearance from the ICC.
In a letter to the Karnataka chief secretary, the Commission said the state government did not obtain prior approval from it for publishing the advertisements, an action violative of the poll code instructions issued to central and state governments years ago.
Hindustan Aeronautics Limited on Wednesday handed over the first LCA Tejas twin-seater aircraft to the Indian Air Force.
A furious Pakistan Cricket Board lodged a complaint with the ICC over delays in visas and 'inappropriate conduct' targetted towards the Pakistan players.
Round-the-clock customs clearance at eight major ports, reduction in bank charges on foreign currency and concessional loans are among the measures announced by the government to cut transactions cost.
'It is not his doing, but Rahul Gandhi is forced by circumstances.' 'In taking political decisions, everything has to get his clearance.'
No tax clearance required for overseas jobs
The top court took note of the submissions of senior advocate Abhishek Singhvi, appearing for the Delhi government, that earlier the challenge was directed against the Ordinance which has now become law after clearance from Parliament.
The HAL and GE from the US would be producing these engines jointly in a facility in India.
The government's target of hitting $52 billion to $58 billion in mobile phone exports in FY26 has been faltering; an Indian corporate group with financial muscle will help.
The TN law minister said similarly, the Directorate of Vigilance and Anti-Corruption sought sanction to prosecute KC Veeramani and MR Vijayabaskar, also former ministers in the AIADMK government.
Bajaj Auto has virtually closed the gap with Ather Energy in September, notching up 6423 EV registrations compared to 6466 registrations by Ather.
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