The Madras High Court has ordered the winding up of private carrier SpiceJet Limited and directed the official Liquidator attached to the High Court to take over its assets, in a plea filed by a Swiss company over unpaid dues. The court was allowing a company petition from Credit Suisse AG, a stock corporation registered under the laws of Switzerland, which prayed for winding up of the Indian firm under the provisions of the Companies Act, 1956 and appoint the Official Liquidator of the High Court as the Liquidator with all powers under Section 448 of the Companies Act to take charge of SpiceJet's assets, properties, stock in trade and books of accounts. The "respondent company (SpiceJet) has miserably failed to satisfy the three pronged test suggested by the Supreme Court in Mathusudan Govardhandas & Co. v. Madhu Woollen Industries (P) Ltd., and hence had rendered itself liable to be wound up for its inability to pay its debts under Section 433 (e) of the Companies Act 1956," ...
This circular had clarified an earlier circular, issued a few days ahead of the roll out of GST from July 1, 2017
The Supreme Court collegium's proposal transferring Madras HC Chief Justice Sanjib Banerjee to Meghalaya has snowballed into a controversy with voices for and against the shifting of the senior judge
The court's scathing view comes at a time when rainfall-related incidents have claimed five lives so far.
The court restrained the tax department from recovering additional demand and posted the matter to November 11
The court said that elected persons involving in land grabbing activities are far more serious than that of the land grabbers who all are ordinary citizens.
The sections provide for a three-tier structure for addressing the grievances made in relation to publishers
The Madras High Court has set aside a notification of the central government, fixing 120 kmph as the speed limit for vehicles plying on highways
Withdraws its previous order, entrusts lawmakers to examine need for amendment in law on wide coverage of vehicles so as to protect victims
The court modifies the order it had passed in August mandating bumper-to-bumper cover
Matter relates to industries facing inverted duty structure
The court was responding to a Public Interest Litigation (PIL) stating that the safety of the passengers cannot be ensured if they can't understand the language
The Madras High Court has upheld the notifications of the Commercial Taxes department levying and collecting general sales tax on sale of electronically made Indian music instruments
The Madras High Court has suggested to the Centre to make the Law Commission of India as a statutory or constitutional body, within six months
Bansal has moved the Madras High Court challenging a show cause notice (SCN) dated July 1 this year issued by the Enforcement Directorate (ED)
Will hear the General Insurance Council on September 13
In a bid to weed out fake journalists, the Tamil Nadu government should constitute within three months, a press council, the Madras High Court has ruled
If the order is implemented, it will lead to an increase in the insurance outgo for car owners by a minimum Rs 50,000 for car and a minimum of Rs 7,000 for two-wheeler owners
In a significant order, the Madras High Court has ruled that "bumper-to-bumper" insurance should be mandatory whenever a new vehicle is sold, from September 1. This must be in addition to covering the driver, passengers and owner of the vehicle, for a period of five years. Thereafter, the owner of the vehicle must be cautious in safeguarding the interest of driver, passengers, third parties and himself/herself, so as to avoid unnecessary liability being foisted on the owner of the vehicle, as beyond five years, as on date there is no provision to extend the bumper to bumper policy, due to its non-availability, Justice S Vaidyanathan said in a recent order. The judge was allowing a writ petition from the New India Assurance Company Limited in Avalpoondurai, challenging the orders dated December 7, 2019 of the Motor Accidents Claims Tribunal, Special District Court in Erode. The Insurance company pointed out that the insurance policy in question was only an "Act Policy", which woul
Relief by the Madras High Court on the Tamil Nadu government's ban comes as a booster dose for the Rs 7,700-crore online gaming industry but could be a precursor to legal battles in other states