News Muncher - category ots

1 day, 8 hours ago

Supreme Court Monthly Digest- October 2024 With Statute And Subject Wise Index

Live Law

Advocate Supreme Court deprecates practice of litigant engaging new lawyer to reargue case after court expressed dissatisfaction on merits. Airports Economic Regulatory Authority of India v. Delhi International Airport, 2024 LiveLaw 812 Arbitration and Conciliation Act, 1996 Section 11 - Arbitration Clause in Public Premises Disputes – Applicability of the Public Premises Act, 1971 vis-à-vis the Arbitration and Conciliation Act, …

India Delhi Supreme Court High Court Court Proceedings Bihar Constitution

5 days, 1 hour ago

CIRP Can't Be Extended Beyond 330 Days U/S. 12(3) Of IBC Absence Of “Exceptional Circumstances”: NCLAT

Live Law

The NCLAT bench of Justice Ashok Bhushan and Arun Baroka has observed that the maximum timeline prescribed under Section 12 of the Insolvency and Bankruptcy Code is 330 days. Relying on the Supreme Court's judgment in Greater Noida Industrial Development Authority v. Prabhjit Singh Soni & Anr., the Tribunal observed that an order can only be recalled on limited grounds, …

Supreme Court Exceptional Circumstances Application Order Recall Auction Tribunal

6 days, 3 hours ago

How Turkey is taking a strategic turn from Turkism to Islamism

Firstpost

Turkey’s decision to replace “Central Asia” with “Turkestan” reflects a broader strategy to redefine its regional and global role. By fostering a shared Turkic identity and promoting Islamist governance, Turkey seeks to strengthen its influence in Central Asia and beyond Under President Recep Tayyip Erdoğan political Islam and pan-Islamism have become integral to both domestic and foreign policies of Turkey. …

China Russia Governance Asia Islamist Turkey Cultural

6 days, 9 hours ago

Pendency Of Proceedings Before NCLT For Approval Of Scheme Of Arrangement Does Not Preclude Financial Creditor From Filing Petition U/S 7: NCLAT

Live Law

The NCLAT New Delhi bench of Justice Ashok Bhushan, Mr. Barun Mitra and Mr. Arun Baroka has held that the pendency of proceedings before the NCLT for approval of the scheme of arrangement does not preclude the Financial Creditor to proceed with Section 7 application. That the very fact that the Corporate Debtor during pendency of Section 7 application has …

Supreme Court Corporate Corporate Debtor Bank Application Debt Tribunal

1 week ago

Kerala High Court Weekly Round-Up: December 09 - December 15, 2024

Live Law

Nominal Index Manoj George v State of Kerala, 2024 LiveLaw 782 Manohari R v The Deputy Tahsildar, 2024 LiveLaw 783 DBS Bank India Ltd v The State of Kerala and Others, 2024 LiveLaw 784 M Shammy Kumar v State of Kerala & Connected Matter, 2024 LiveLaw 785 Nishad Padinjare Peediyekkal V Hyderiyya Masjid Mahall Committee, 2024 LiveLaw 786 State Bank …

Justice Kerala Disciplinary Proceedings High Court Board Constitution Court

1 week, 1 day ago

47-day OTS for power bill defaulters in U.P. from Dec 15

Hindustan Times

The “One-Time Settlement Scheme 2024-25” announced by the UP Power Corporation Ltd last month to benefit power consumers across the state will be come into effect from Sunday. Registration can be done at nearby division offices, customer service centres or online at www.uppcl.org. “The scheme, aims at offering relief on interest payable on delayed electricity payments, will run for 47 …

Pay Sum Consumers Uppcl

1 week, 2 days ago

Deposit In Pursuance Of One Time Settlement Proposal Remains Corporate Debtor's Asset If Settlement Fails: NCLAT

Live Law

The NCLAT New Delhi bench of Justice Yogesh Khanna and Mr. Ajai Das Mehrotra has held that the amount deposited with the bank by the corporate debtor in pursuance of an One Time Proposal to show bonafides will remain assets of the corporate debtor and can be taken into custody by the RP under section 18 of the code when …

Money Corporate Debtor Bank Nclat Account Irp Asset

1 week, 4 days ago

PC Jeweller board approves issue of 5.17 cr shares to lenders for settling debt

Live Mint

New Delhi, Dec 12 PC Jeweller Ltd's board has approved issuance of over 5.17 crore equity shares to a consortium of lenders, including SBI, to settle part of its outstanding debt. In a regulatory filing on Wednesday, the company informed that the board has approved "issuance of 5,17,11,462 equity shares to the Consortium Lenders for settling part of their outstanding …

Ots Pc Jeweller

1 week, 6 days ago

Investors withdraw consent for settlement with 63 Moons

Live Mint

MUMBAI : Even as one group of National Spot Exchange Ltd investors withdrew consent for the proposed one-time settlement with 63 Moons Technologies Ltd, another group has claimed substantial support to see the much-awaited resolution through. The NSEL Investor Action Group, which withdrew the consent after an emergency meeting on 6 December, accused 63 Moons of violating the foundation of …

Consent Assets Settlement Statement Investors Crore Withdraw

1 week, 6 days ago

Borrowers Breaching Terms & Conditions Of OTS Scheme Cannot Seek Direction From Court To Compel Bank To Honour Obligations: Kerala High Court

Live Law

The Kerala High Court has held that borrowers who breach the terms and conditions of the One Time Settlement Scheme, cannot be permitted to seek directions from the Court to compel the bank to honour its obligations under the OTS Scheme. If the borrower is not in a position to or unwilling to act in accordance with any of the …

Court Bank Writ Conditions Scheme Borrowers Terms

3 weeks, 6 days ago

Application U/S 95 Cannot Be Rejected On Grounds Of Pendency Of One Time Settlement Proposal: NCLAT

Live Law

The NCLAT New Delhi bench of Mr. Justice Ashok Bhushan, Mr. Barun Mitra and Mr. Arun Baroka has held that pendency of One Time Settlement Proposal which is yet to be accepted, cannot be a ground to refuse initiation of insolvency process against the personal guarantors. Brief Facts These two appeals have been filed challenging the order passed by National …

Personal Appellant Ots

1 month ago

PSPCL’s one-time settlement scheme hardly finds takers

Hindustan Times

Nearly two months after its launch, Punjab State Power Corporation Limited’s one-time settlement scheme has seen a lukewarm response from defaulters. In all, the total outstanding default amount under the OTS scheme, which includes industrial, domestic and commercial connections whether running or disconnected, stands at nearly ₹14.72 crore. Under the scheme, the PSPCL offered a reduced simple interest rate of …

Scheme Ots Pspcl

1 month, 1 week ago

Telangana HC Directs Reassessment of Compensation in SCCL Land Case

Deccan Chronicle

Hyderabad: Justice T. Vinod Kumar of the Telangana High Court directed local authorities to reconsider compensation for petitioners in a land acquisition case involving Singareni Collieries Company Limited. Since the respondents agreed to pay the amount, the writ plea was allowed in August 2021 directing the respondents to pay the amount payable to the petitioner with 18 per cent interest …

High Court Compensation Court Writ Case Respondent Cent

1 month, 2 weeks ago

Secunderabad Cantonment Board Offers Water Bill Rebate

Deccan Chronicle

Hyderabad: In an effort to alleviate financial burdens on residents and boost revenue collection, the Secunderabad Cantonment Board has announced a one-time settlement scheme for clearing pending water bills. This initiative, approved during the ordinary board meeting on Friday, offers a 10 per cent rebate on the total outstanding amount for water consumers. The Board said that this initiative is …

Board Water Bills

1 month, 4 weeks ago

AIIMS Trauma Centre Gets Five New OTs in Delhi: A Boon for Accident Surgery

Hindustan Times

All India Institute of Medical Sciences-Delhi announces the addition of five new OTs, taking the total number of OTs to 11 at the Jai Prakash Narayan Apex Trauma Centre. This means that the country's standalone trauma centre in the public sector will be able to handle double the number of surgeries — nearly 2,500 — in accident cases each month.

Law Trauma Emergency Services Medicine Delhi

3 months, 2 weeks ago

Telangana High Court Quashes Tax Authority's Show Cause Notices To Assessee As Demand Was Settled Under State's One Time Settlement Scheme

Live Law

The Telangana High Court recently quashed two show cause notices issued by the tax authority to a company, demanding tax which was already settled under the state government's One Time Settlement scheme, while noting that there was "no allegation of fraud" committed by the company in the notices. A division bench of Justice Sujoy Paul and Justice Namavarapu Rajeshwar Rao …

Hyderabad Tax Court Show Cause Notice Settlement Notices Telangana

4 months, 1 week ago

Services at OPDs, OTs in Delhi remain affected as doctors continue agitation

The Hindu

Services at outpatient departments and operation theatres across various government hospitals in the national capital were impacted on Tuesday as the strike by doctors’ associations entered the second day. Several resident doctors’ associations in Delhi on Monday joined the indefinite nationwide strike called by the Federation of Resident Doctors’ Association against the rape and murder of a trainee doctor in …

Emergency Services Delhi Services Ots Opd Rda Continue Agitation

4 months, 2 weeks ago

Equine royalty takes flight: How U.S. horses got to and from the Paris Olympics

New York Times

For Olympians traveling by plane to and from France, having a checklist to ensure a smooth flight is paramount. Social media posts showed the plane used to take horses to the Olympics was called “Air Horse One.” While it is a fun play on words, it’s much more nuanced. Some horses are based in California, like Tokyo 2020 dressage silver …

Europe Olympics Equestrian Horses Airport Miami Olympic

4 months, 3 weeks ago

OTS for property tax defaulters extended till August 31

The Hindu

Deputy Chief Minister and Bengaluru Development Minister D.K. Shivakumar on Friday announced that the one-time settlement scheme for property tax defaulters has been extended until August 31, 2024. The BBMP, through the ambitious OTS scheme, gave 3.95 lakh property tax defaulters an opportunity to pay interest and penalty-free dues and collected ₹217.5 crore. Data shared by the BBMP shows 1.07 …

Tax Property Tax Pay Ots Defaulters Tax Defaulters Property Tax Defaulters

4 months, 3 weeks ago

BBMP collected Rs 3K crore property tax from April 1 to July 31, Rs 600 crore more than last year

New Indian Express

BENGALURU: Bruhat Bengaluru Mahanagara Palike Chief Commissioner Tushar Girinath said on Thursday that from April 1 to July 31, the Palike collected property taxes amounting to Rs 3,065 crore for 2023-24. He told reporters here that compared to the same period last year, the Palike collected Rs 600 crore more. According to Palike ’s revenue officials, Rs 380.63 crore has …

Tax Crore Last Year Collected Ots Palike

4 months, 3 weeks ago

BBMP’s ‘one-time settlement scheme’ boosts property tax collections

The Hindu

After the implementation of the one-time settlement scheme for property tax, 1.07 lakh property owners have utilised it, paying the Bruhat Bengaluru Mahanagara Palike ₹184.77 crore in dues till July 29. According to data provided by the BBMP, from April 1 to July 29, the number of property tax defaulters has seen a notable decline, which officials say shows the …

Properties Property Tax Crore Bbmp Ots Zone Saw Tax Collections

5 months, 2 weeks ago

Banks reject Jaiprakash Associate Limited’s one-time offer to settle dues

Hindustan Times

The banks have rejected the one-time settlement scheme that was proposed by debt-ridden Jaiprakash Associates Limited to resolve its financial issues. The development came during a hearing before the National Company Law Appellate Tribunal, which is adjudicating a challenge to the insolvency proceedings ordered by the National Company Law Tribunal During the hearing on Wednesday, counsel for the respondent banks …

Company Hearing Nclt Banks Nclat Jal Ots Offer

6 months, 1 week ago

Karnataka DCM DK Shivakumar announces one-time settlement for property tax in Bengaluru offer till July 31

Hindustan Times

On Tuesday, D K Shivakumar, the Deputy Chief Minister of Karnataka, who oversees Bengaluru Development, announced that the opportunity for a 'One Time Settlement' to clear overdue property tax in the city will be available until July 31. The one-time settlement scheme will end on July 31 and hence I urge people to make use of the opportunity to clear …

Karnataka Tax Property Tax Shivakumar Ots Read Bengaluru

6 months, 1 week ago

Pay property tax dues by July 31 or face action: Deputy CM DKS

New Indian Express

BENGALURU: Deputy Chief Minister DK Shivakumar on Tuesday warned of stringent action against those who fail to clear their outstanding property tax through the ‘One-Time Settlement’ window by July 31. The Bruhat Bengaluru Mahanagara Palike proposed the OTS scheme in the beginning of March, providing an opportunity to tax defaulters to clear their tax arrears and interest at a 50% …

Bengaluru Tax Property Tax Shivakumar Bbmp Ots Palike

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Articles for Ots

Supreme Court Monthly Digest- October 2024 With Statute And Subject Wise Index

CIRP Can't Be Extended Beyond 330 Days U/S. 12(3) Of IBC Absence Of “Exceptional Circumstances”: NCLAT

How Turkey is taking a strategic turn from Turkism to Islamism

Pendency Of Proceedings Before NCLT For Approval Of Scheme Of Arrangement Does Not Preclude Financial Creditor From Filing Petition U/S 7: NCLAT

Kerala High Court Weekly Round-Up: December 09 - December 15, 2024

47-day OTS for power bill defaulters in U.P. from Dec 15

Deposit In Pursuance Of One Time Settlement Proposal Remains Corporate Debtor's Asset If Settlement Fails: NCLAT

PC Jeweller board approves issue of 5.17 cr shares to lenders for settling debt

Investors withdraw consent for settlement with 63 Moons

Borrowers Breaching Terms & Conditions Of OTS Scheme Cannot Seek Direction From Court To Compel Bank To Honour Obligations: Kerala High Court

Application U/S 95 Cannot Be Rejected On Grounds Of Pendency Of One Time Settlement Proposal: NCLAT

PSPCL’s one-time settlement scheme hardly finds takers

Telangana HC Directs Reassessment of Compensation in SCCL Land Case

Secunderabad Cantonment Board Offers Water Bill Rebate

AIIMS Trauma Centre Gets Five New OTs in Delhi: A Boon for Accident Surgery

Telangana High Court Quashes Tax Authority's Show Cause Notices To Assessee As Demand Was Settled Under State's One Time Settlement Scheme

Services at OPDs, OTs in Delhi remain affected as doctors continue agitation

Equine royalty takes flight: How U.S. horses got to and from the Paris Olympics

OTS for property tax defaulters extended till August 31

BBMP collected Rs 3K crore property tax from April 1 to July 31, Rs 600 crore more than last year

BBMP’s ‘one-time settlement scheme’ boosts property tax collections

Banks reject Jaiprakash Associate Limited’s one-time offer to settle dues

Karnataka DCM DK Shivakumar announces one-time settlement for property tax in Bengaluru offer till July 31

Pay property tax dues by July 31 or face action: Deputy CM DKS