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National Company Law Appellate Tribunal Allows Appeals by Appellant Creditor in IBC Case -- Sets Aside Orders Directing Appellant to Approach GIDC Appellate Authority and Remitting Resolution Plan -- Termination of Lease During Moratorium Held Invalid Under Section 14 of IBC

The National Company Law Appellate Tribunal (NCLAT) allowed two appeals filed by the Resolution Professional (RP) and the largest financial creditor o...

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High Court of Karnataka Allows CBI Revision Against Dropping of Section 409 IPC Charge Against Former Minister in Mining Scam Case. Court holds that Section 216 CrPC cannot be used to drop charges after framing, and that the trial court exceeded its jurisdiction by reviewing its own order.

The Central Bureau of Investigation (CBI) filed three criminal revision petitions challenging orders passed by the LXXXI Additional City Civil and Ses...

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High Court of Karnataka Quashes State Government's Withdrawal of Mining Lease Recommendation for Violation of Natural Justice. Prior Approval Under Section 5(1) of MMDR Act, 1957 Cannot Be Revoked Without Hearing the Applicant.

The petitioner, D. Ramesh, filed a writ petition under Article 226 of the Constitution of India challenging a letter dated 04.01.2017 issued by the St...

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High Court of Bombay Dismisses Challenge to Majority Arbitral Award in Insurance Dispute — JSW Steel Ltd. v. ICICI Lombard General Insurance Company Ltd. — Challenge to Rejection of Claims Under Fire, Marine, and Business Interruption Policies Dismissed as No Patent Illegality Found.

The Petitioner, JSW Steel Ltd., engaged in steel manufacturing, had insured its plant at Toranagallu, Karnataka, under five insurance policies issued ...

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Bombay High Court Admits Winding Up Petition Against Syrma Technology Pvt. Ltd. for Non-Payment of Admitted Debt Despite Insurance Payment. Court holds that receipt of insurance proceeds does not extinguish the debt or bar winding up proceedings under the Companies Act, 1956.

The petitioner, Jiangsu Skyrun Wuxi Co. Ltd., filed a company petition under Section 433(e) of the Companies Act, 1956 seeking winding up of Syrma Tec...

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Bombay High Court Allows Revenue's Appeal in Income Tax Case on Interest Income Classification. Interest income from bank deposits, intercorporate deposits, call money, debentures, and from Income Tax Department held not to be business income for deduction under Section 80HHC of the Income Tax Act, 1961.

The Revenue Department filed appeals under Section 260-A of the Income Tax Act, 1961 against the orders of the Income Tax Appellate Tribunal (ITAT) fo...