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The Delhi High Court bench comprising Justice Pratibha M Singh held that the time limit for limitation under Section 34(3) of the Arbitration and Conciliation Act, 1996 is absolute in nature and it...
NARCL is set to acquire loans of Simplex Infra following an uncontested Swiss auction. The state-backed bad bank has made a binding offer of ?640 crore for debt-laden engineering, procurement, and construction company Simplex Infrastructure, which is less than 7% in recovery to lenders. Simplex owes lenders, led by Punjab National Bank (PNB), a total of Rs 9,600 crore and is one of the largest accounts to be referred to bankruptcy courts in recent times. NARCL is preparing to acquire the loan in cash and security receipts (SRs).
Supreme Court Will The Mandate Of The Tribunal Terminate Under Section 29A Unless Extended During Its Subsistence? Supreme Court To Examine The Supreme Court is set to examine an important...
In an appeal by Ministry of Environment, the Supreme Court has called for a report from the Central Pollution Control Board (CPCB) on the issue of pollution by Stone Crushing Units and as to whether...
On December 1, 2023, the Namma Bengaluru Foundation urged the Deputy Conservator of Forests Department to cease tree felling. Activists seek clarification from the Forest Department regarding the purposeful cutting of trees on footpaths and sidewalks, questioning the necessity to remove trees that don’t impede construction.