Setback to Byju, SC reverses NCLAT order closing insolvency proceedings
The Business Guardian|October 24, 2024
In a setback to ed-tech company Byju, the Supreme Court on Wednesday set aside the decision of the National Company Law Appellate Tribunal (NCLAT) closing the insolvency proceedings against ed-tech company Byju's by accepting a settlement between it and the Board of Control for Cricket in India (BCCI) for about Rs 158 crores.
Setback to Byju, SC reverses NCLAT order closing insolvency proceedings

A bench headed by Chief Justice DY Chandrachud and also comprising Justices JB Pardiwala and Manoj Misra set aside the judgment of the NCLAT dated 2 August.

"We allow the present appeal and set aside the impugned judgment of the NCLAT dated 2 August 2024 in the above terms. At this stage, it would not be appropriate for this Court to adjudicate on the objections of the appellant to the settlement agreement on merits. The issues raised are the subject matter of several litigations in different fora, including the Delaware Court and investigations by various authorities, including the Enforcement Directorate, which are pending," the top court said.

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Fitness Influencers Rohit Dalal, Akshay Dilawari Join AAP
The Business Guardian

Fitness Influencers Rohit Dalal, Akshay Dilawari Join AAP

Fitness influencers, Rohit Dalal and Akshay Dilawari, known for their work in the sports and fitness industry, joined the Aam Aadmi Party (AAP) on Thursday.

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1 min  |
December 27, 2024
AAP Keeps Giving Strange Statements to Be in News: BJP
The Business Guardian

AAP Keeps Giving Strange Statements to Be in News: BJP

After the Aam Admi Party (AAP) accused Congress of \"speaking the BJP language\", Bharatiya Janata Party MP Sudhanshu Trivedi on Thursday took a dig at the AAP, saying that they make such strange statements to remain in the news, adding that their statement is an admission of their defeat in the Delhi elections.

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1 min  |
December 27, 2024
Cong Accuses Kejriwal of Shifting Blame as AAP's Credibility Collapses
The Business Guardian

Cong Accuses Kejriwal of Shifting Blame as AAP's Credibility Collapses

The Delhi unit of Congress claims that the fear of losing the upcoming assembly elections is now haunting Arvind Kejriwal.

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1 min  |
December 27, 2024
The Business Guardian

NDMC Passes Resolution Condemning Delhi Govt's Schemes

The New Delhi Municipal Corporation (NDMC) on Thursday passed a resolution condemning the AAP-led Delhi government's 'Mukhya Mantri Mahila Samman Yojna' and 'Sanjeevani Yojna'.

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1 min  |
December 27, 2024
Sandeep Dikshit complains to LG against AAP's 'Mahila Samman' scheme
The Business Guardian

Sandeep Dikshit complains to LG against AAP's 'Mahila Samman' scheme

Congress's complaint comes a day after a couple of departments under the Delhi government clarified there is no such scheme and distanced themselves from AAP's promises.

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1 min  |
December 27, 2024
CASH FOR VOTES: AAP MOVES TO ED
The Business Guardian

CASH FOR VOTES: AAP MOVES TO ED

Sanjay Singh lodged a complaint with ED against Parvesh Verma, Manjinder Singh Sirsa for allegedly distributing cash to voters.

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2 mins  |
December 27, 2024
Kerala High Court: Quashing Of Serious Offence To Efface Evidence Already Recorded Cannot Be Done Even At Instance Of Survivor [POSCO Act]
The Business Guardian

Kerala High Court: Quashing Of Serious Offence To Efface Evidence Already Recorded Cannot Be Done Even At Instance Of Survivor [POSCO Act]

The Kerala High Court in the case xxx v State and Another observed and has dismissed the petition filed by a victim of POCSO offence to quash the proceedings saying that serious offences are involved and the trial had reached at the end stage.

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1 min  |
December 27, 2024
Punjab And Haryana High Court: POSCO Act Being Enacted Subsequently Will Prevail Over SC/ST Act In
The Business Guardian

Punjab And Haryana High Court: POSCO Act Being Enacted Subsequently Will Prevail Over SC/ST Act In

Adding to it, the court stated that when there being a conflict between the provisions of two special enactments, it is trite that the provisions of the latter of the two enactments will prevail and since the POCSO Act is a subsequent enactment, therefore, its provisions will prevail over the SC/ST Act.

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3 mins  |
December 27, 2024
Madras High Court Grants Interim Bail To Temple Activist, Asks Him To Refrain From Making Objectionable Comments Against Women
The Business Guardian

Madras High Court Grants Interim Bail To Temple Activist, Asks Him To Refrain From Making Objectionable Comments Against Women

The Madras High Court in the case Rangarajan Narasimhan v State of Tamil Nadu observed and has granted bail to temple activist Rangarajan Narasimham for allegedly making derogatory comments against a woman on social media.

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1 min  |
December 27, 2024
Orissa High Court: Dispute Related To Infringement Of Copyright Is Arbitrable, Arbitrator Can Be Appointed Under Section 11 Of Arbitration Act
The Business Guardian

Orissa High Court: Dispute Related To Infringement Of Copyright Is Arbitrable, Arbitrator Can Be Appointed Under Section 11 Of Arbitration Act

The Other party opposed the application which being on the ground that the dispute as evident from the petitioner's notice seeking the appointment of an Arbitrator regards to infringement of copyright which is non-arbitrable.

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1 min  |
December 27, 2024