Economic bodies concerned over freebies, economic impact assessment essential, SC told
Senior advocate Vijay Hansaria, on behalf of the petitioner, advocate Ashwini Upadhyay, said: "It is submitted that two highest economic bodies of the country have expressed concern and long-term impact on the distribution of freebies by the states without proper fiscal and budgetary management. It is submitted that before distribution and/or promise of freebies, an 'Economic Impact Assessment' is essential for a sustainable economy."
SC notice to M.S. Dhoni in arbitration proceedings against Amrapali group
A bench of Justices U.U. Lalit and Bela M. Trivedi noted that the interest of the Amrapali home buyers has to be secured and the erstwhile management of the Amrapali group cannot be expected to represent the cause of Amrapali in the arbitration proceedings.
'Adequate punishment is must', SC sentences Vijay Mallya to 4 months in jail for contempt of court
In March, the top court had reserved the order on sentence to Mallya, who was found guilty of contempt in 2017 for disobeying court's order for not disclosing full particulars of assets in case between the SBI and Kingfisher Airlines.
NCLT members' tenure: SC refuses to pass interim order, to hear matter in July
A vacation bench of Justices C.T. Ravikumar and Sudhanshu Dhulia said it will examine the locus standi of the lawyers' association, which contended that with a total sanctioned strength of 63 members across 28 benches, the tribunals would be adversely affected if more judges retire, and they may collapse if 23 of the 45 members retire by July.
Noida Supertech twin towers to be demolished on August 21
The towers will be demolished seven days ahead of the Supreme Court's deadline of August 28. While giving extension for the demolition process on May 17, the apex court had asked Noida authority to complete the demolition process by August 28. "In a bid to ensure the compliance of the orders of the apex court, the twin towers will be demolished on August 21, 2022, to have a buffer of one week," said a statement from Noida authority.
Over 33 lakh cheque bounce cases pending, Supreme Court to set up special courts
A bench of Justices L. Nageswara Rao, B.R. Gavai and S. Ravindra Bhat said: "The pilot study shall be conducted for a duration of 1 year from September 1, 2022 to August 31, 2023. The pilot study shall be conducted in 25 special courts in total. One special court shall be established in each of the 5 judicial districts which have been identified as having the highest pendency by each of the five High Courts of the states, with the highest pendency of NI Act cases."
SC: GST council's recommendations not binding on Centre, state governments
A bench headed by Justice D.Y Chandrachud said GST Council recommendations only have a persuasive value as India is a cooperative federalism, and the Centre and states have simultaneous powers to legislate on Goods and Service Tax (GST). The bench emphasised that the GST council must work in a harmonious manner to achieve a workable solution between Centre and state governments.
Tata vs Cyrus Mistry: SC dismisses review petitions by Mistry against March 2021 judgment
A bench headed by Chief Justice N.V. Ramana dismissed the review petitions. In a separate application for expunging remarks, the top court agreed to expunge certain remarks made against Mistry, but has also directed that certain offensive paragraphs directed against the court made in the application for expunction be deleted/withdrawn.
Supertech twin tower demolition: SC extends deadline to August 28
A bench of Justices D.Y. Chandrachud and P.S. Narasimha agreed to extend the deadline for demolition of twin towers following submissions from counsel representing the Interim Resolution Professional (IRP) and also considering a communication by the Central Building Research Institute (CBRI) Director, dated May 11, that the demolition should be deferred to August 28.
SC appoints high-powered committee to execute decrees against NSEL defaulters
The apex court exercised its powers under Article 142 of the Constitution to constitute the committee to execute awards and decrees against the defaulters in the Rs 5,600 crore NSEL payment crisis.