Homebuyers/Allottees with or without RERA orders are treated equally under Section 7(1) proviso (2) IBC: NCLAT
The NCLAT held that the appellant, having obtained a recovery certificate from RERA, qualified as Financial Creditors.
Continue readingThe NCLAT held that the appellant, having obtained a recovery certificate from RERA, qualified as Financial Creditors.
Continue reading“It is very simple in the accounting standards that unless invoice is raised consideration is not collected. Therefore, it is very clear from the record that the appellant was not receiving any consideration from card companies.”
Continue readingPeriod of probation should not be an obstacle in the seniority of a woman who wants to be a mother
Continue reading“Section 269-SS of the Income Tax Act, 1961 has a specific bar on receiving a sum more than 20,000/- from any other persons by way of loan or deposit.”
Continue readingNCDRC pointed out that the State Commission’s finding that non-deployment of the airbags when the respondent’s car crashed, warranted punitive damages, was not based on any finding of fact or legal precedent.
Continue readingThe NCLT admitted Section 7 IBC application against the Deccan Charters, Air Charter Company over a default of approx. Rs. 9 Crore 82 Lakhs.
Continue readingThe National Green Tribunal expressed doubt about the permissibility and potential misuse of Environmental Compensation funds by CPCB, specifically for road construction by local bodies like GMC.
Continue readingThe NCLAT upheld the grant of reliefs and concessions regarding shared utilities and services in Resolution Plan to facilitate the smooth and successful implementation of the Resolution Plan.
Continue readingThe Commission noted that the scientific analysis and the clarifications issued by the Government itself did not indict Nestle India, therefore, there is no material to support the allegations made in the complaint so as to proceed any further.
Continue readingFor the construction of drainage system, earth was excavated in violation of environmental norms causing pollution in Deoria.
Continue readingThe issue revolves around groundwater contamination in the State of Punjab, specifically due to anthropogenic and geogenic factors, resulting in severe health hazards and the negligent response of the State authorities exacerbates the situation.
Continue readingNGT noted that the news item raises substantial issue relating to compliance of the environmental norms, especially implementation of the provisions of the Indian Forest Act, 1980 and Environment (Protection) Act, 1986.
Continue readingThe National Green Tribunal acknowledged the serious concerns raised by the applicant regarding the alleged violations of environmental norms by the Respondent in developing the “Mayfield Garden” residential colony.
Continue readingThe NGT directed the State Pollution Control Board to furnish the methodology of computation of Environmental Compensation within 15 days to enable the appellant to respond effectively.
Continue readingThe illegal constructions in Noida and Greater Noida were being done with topsoil, leading to large-scale illegal mining of the topsoil in and around the villages, resulting in deep, catastrophic pits.
Continue readingBengaluru is facing a water shortage of 500 million liters per day against the actual requirement of 2,600 MLD. 6,900 out of 14,000 borewells in the city have dried up, and the use of drinking water for certain purposes has been banned.
Continue reading“The services like wireline logging, perforation and other wireline related services involving mechanical jobs which were undertaken by appellant at the time of drilling an oil well are integrally connected with the mining of oil or gas and have a direct nexus with the drilling of a well.”
Continue readingThe NCLAT warned against manipulating the IBC for debt recovery purposes, as it would defeat the code’s purpose of rehabilitating Corporate Debtors.
Continue readingNCLAT held that CoCs’ resolution not to consider Resolution Plans from additional new entrants rendered the NCLAT’s orders unsustainable.
Continue readingThe National Green Tribunal deemed the personal appearance of authorised officers from Ghaziabad Municipal Corporation and Ghaziabad Development Authority necessary for the next hearing.
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