Tuli Co News Today

The case was heard briefly today by the NCLT, it has however been adjourned to May 30 as SpiceJet sought time to respond to the plea.

On January 29, the HC asked SpiceJet to pay $4 million by February 15. However, the airline paid only $2 million by the deadline citing financial constraints and urged an extension till February 29.

The HC has warned the airline that in the event it does not pay the money, it will be constrained to pass orders in the application seeking the engines grounding.

The inspection is to be carried out once at the time of grounding of the engine and once at the time of re-delivery of the engine. The court further asked SpiceJet to maintain status quo with respect to the engines after grounding them, excepting for purposes such as refurbishing the engine among others

The HC has sought the airlines response to the plea and the case is likely to come up for hearing in February

According to the terms of the settlement, SpiceJet must pay a certain to Engine Lease finance by January. SpiceJet has also undertaken to return the engine which is the bone of contention by January 25

The court indicated that it will pass an order restraining SpiceJet from using the engine if the issue is not amicably settled.

Almost none of the 2010-11 graduates with LLM masters’ degrees from India’s top three national law schools have secured jobs in top tier law firms, with most of the 118 going for academic careers.

The hiring momentum in India’s legal market continues, with Veritas Legal, SNG & Partners, DMD Advocates, Lex Consult, ANM Global and AK & Partners welcoming new partners recently.

Boutique transaction advisory law firm Veritas Legal announced the elevation of three partners to equity partnership.  Tushar Raut, Kunal Doshi, and Vineet Nalawalla were inducted into the firm's equity partnership by way of the elevation.  Additionally, Jhinook Roy and Shubhangi Pathak also got inducted into the firm's partnership.   By way of the ......