Yearly Archives: 2019

Object of IBC paramount, says NCLT

The Mumbai Bench of the National Company Law Tribunal (NCLT) has observed that rejection of a resolution plan on technicalities, without going into its merits, goes against the spirit of the Insolvency and Bankruptcy Code.Hearing the case of the applicant Omkara Assets Reconstruction Private Limited, the applicant, against the Interim …

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Ireland to seek EU aid over Brexit

Ireland will seek hundreds of millions of euros in aid from Brussels if Britain crashes out of the EU without a deal, the Agriculture Minister was quoted on Thursday as saying.“You’re looking at hundreds of millions here,” Michael Creed told The Irish Independent .The emergency aid would aim to buttress …

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‘Yellow vest’ leader arrested

One of the leaders of the “yellow vest” anti-government demonstrations was detained by police in Paris late on Wednesday for organising an unauthorised protest, signalling a harder line by the authorities against the movement.Eric Drouet — who already faces a trial for carrying a weapon at a previous protest — …

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‘SC verdict has settled Rafale issue’

The Supreme Court verdict has settled all questions on the Rafale deal, External Affairs Minister Sushma Swaraj told the Rajya Sabha, leading to a walkout by Congress members on Thursday.Ms. Swaraj was answering a question from Shiv Sena MP Sanjay Raut who asked her about the recent visit of French …

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‘Committee on Assam Accord a poll gimmick’

The Narendra Modi government’s move to form a high-level committee for the effective implementation of Clause 6 of the 1985 Assam Accord has been labelled a “poll gimmick” by political parties and organisations in Assam.Clause 6 of the Assam Accord seeks to provide “constitutional, legislative and administrative safeguards” to “protect, …

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Maggi: SC revives suit against Nestle

The Supreme Court spelt trouble for the Indian branch of the Swiss food giant Nestle on Thursday by resuscitating a Rs. 640-crore class-action suit filed by the government on behalf of thousands of consumers of the iconic Maggi noodles.The suit was filed by the Department of Consumer Affairs, Ministry of …

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