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1. NCLAT revives insolvency proceedings against Chintamani's Jewellery Arcade on Axis Bank plea

NCLAT revives insolvency proceedings against Chintamani's Jewellery Arcade on Axis Bank plea - Litigation - 2 min read NCLAT revives insolvency proceedings against Chintamani's Jewellery Arcade on Axi

NCLAT revives insolvency proceedings against Chintamani's Jewellery Arcade on Axis Bank plea

NCLAT revives insolvency proceedings against Chintamani's Jewellery Arcade on Axis Bank plea - Litigation - 2 min read NCLAT revives insolvency proceedings against Chintamani's Jewellery Arcade on Axis Bank plea Insolvency proceedings against Chintamani's Jewellery Arcade have been revived by the NCLAT after Axis Bank filed a restoration application. The tribunal found the company in material and continuing breach of court-recorded settlement terms, failing to adhere to its repayment schedule. This decision reinstates the corporate insolvency resolution process against the Mumbai-based firm before the NCLT. New Delhi, The National Company Law Appellate Tribunal (NCLAT) has revived insolvency proceedings against Chintamani's Jewellery Arcade Pvt Ltd allowing a restoration application filed by Axis Bank, holding that the company had committed a material and continuing breach of court-recorded settlement terms. A three-member NCLAT bench recalled its earlier order passed on May 9, 2024 that set aside the insolvency admission against the company and restored to its original position. Consequently, the corporate insolvency resolution process (CIRP) against the Mumbai-based jewellery company was revived before the National Company Law Tribunal (NCLT), Mumbai, also stands revived. "The record clearly establishes that the respondents (Chintamani's Jewellery Arcade) failed to adhere to the repayment schedule forming part of the consent terms. The breach is neither technical nor insignificant but substantial and continuing," said an NCLAT bench comprising Justice N Seshasayee, Arun Baroka, and Indevar Pandey.

2. Hapur officer daughter booked after mother's black money, land grab claims

Hapur officer daughter booked after mother's black money, land grab claims Hapur officer daughter booked after mother's black money, land grab claims A Saharanpur woman has accused her daughter, a Hap

Hapur officer daughter booked after mother's black money, land grab claims

Hapur officer daughter booked after mother's black money, land grab claims Hapur officer daughter booked after mother's black money, land grab claims A Saharanpur woman has accused her daughter, a Hapur DSO, of using her bank account and forging land papers. Police have registered an FIR after an inquiry, and the allegations are now under investigation. A woman in Uttar Pradesh's Saharanpur has filed an FIR against her daughter, a District Supply Officer (DSO) posted in Hapur, accusing her of using her bank account to conceal alleged illicit earnings and conspiring to grab her land through forged documents. The case was registered at Sarsawa police station on June 30 against Hapur DSO Seema Chaudhary and four others — Sanjeev Kumar, Gambhir, Rajendra Rana and Naresh Kumar — on charges including cheating, forgery, criminal conspiracy and criminal intimidation. According to police, the FIR was lodged following an inquiry into a complaint submitted by the officer's mother, Munesh Rani. Officials said the allegations are being investigated, and further action will be taken based on the findings. ALLEGED USE OF MOTHER'S BANK ACCOUNT In her complaint, Munesh Rani alleged that Seema Chaudhary had opened a bank account in her name at an ICICI Bank branch in Ghaziabad but operated it herself. She claimed she was never informed about transactions taking place in the account.

3. Calcutta HC refuses to quash FIR against Eraaya Lifespaces; orders expeditious investigation

Calcutta HC refuses to quash FIR against Eraaya Lifespaces; orders expeditious investigation - Litigation - 3 min read Calcutta HC refuses to quash FIR against Eraaya Lifespaces; orders expeditious in

Calcutta HC refuses to quash FIR against Eraaya Lifespaces; orders expeditious investigation

Calcutta HC refuses to quash FIR against Eraaya Lifespaces; orders expeditious investigation - Litigation - 3 min read Calcutta HC refuses to quash FIR against Eraaya Lifespaces; orders expeditious investigation The Calcutta High Court has declined to quash the FIR against Eraaya Lifespaces Limited and its directors, holding that the allegations of a forged Special Power of Attorney disclose prima facie cognizable offences requiring investigation. The Court observed that issues of jurisdiction, mala fide intent, and the accused's role must be examined during investigation or trial, and directed the probe to be completed expeditiously. Kolkata (West Bengal) [India], July 2 (ANI): The Calcutta High Court has declined to quash an FIR registered against Eraaya Lifespaces Limited, its director Vikas Garg, Company Secretary and other directors and officials of the company, observing that the allegations made in the complaint disclose prima facie cognizable offences which require a proper investigation. The Court directed the investigating agency to make every endeavour to conclude the investigation at the earliest. Ajoy Kumar Mukherjee dismissed a criminal revision petition filed by Eraaya Lifespaces Limited and its officials seeking quashing of criminal proceedings arising out of Berhampore Police Station Case registered under various provisions of the Bharatiya Nyaya Sanhita (BNS). According to the order, the FIR was lodged by a shareholder alleging that another shareholder had instituted proceedings before the National Company Law Tribunal (NCLT), New Delhi, based on a forged Special Power of Attorney (SPA). The complaint alleges that the forged document was used to satisfy the eligibility requirement under the Companies Act and to obtain a status quo order from the NCLT. It further alleges that the accused persons, including the present petitioners,…

4. SC nixes rulings by NCLT, NCLAT based on fake AI citations

SC nixes rulings by NCLT, NCLAT based on fake AI citations - Litigation - 2 min read SC nixes rulings by NCLT, NCLAT based on fake AI citations The Supreme Court has nullified orders from NCLT and NCL

SC nixes rulings by NCLT, NCLAT based on fake AI citations

SC nixes rulings by NCLT, NCLAT based on fake AI citations - Litigation - 2 min read SC nixes rulings by NCLT, NCLAT based on fake AI citations The Supreme Court has nullified orders from NCLT and NCLAT due to their reliance on fabricated AI-generated case laws. Justices cautioned against unchecked AI use, emphasizing human control in justice delivery. The court stressed a zero-tolerance approach for unverified AI precedents, declaring any decision based on such material invalid. A committee will now explore this issue, highlighting the risks of delegating critical thinking to AI. NEW DELHI: In the first case of its kind, Supreme Court on Thursday quashed orders passed by NCLT and NCLAT on the ground that they decided a case on the basis of AI-generated non-existent case laws and verdicts, cautioning that unchecked use of AI could distort the justice delivery system. A bench of Justices P S Narasimha and Alok Aradhe cautioned both the Bar and the Bench on the use of AI, saying the human element should remain in the driving seat and have "absolute and total control over the application and usage of AI". "For us... the production of fake, non-existent, and hallucinated material and its utilisation as precedents in law, is like the release of methyl isocyanate in the province of law and justice: invisible, insidious, and catastrophic by the time anyone notices," Justice Narasimha said. The bench said AI was not just an aid but "an alternative to our own thinking, reasoning and even decision making", making regulation essential.

5. Transfer of narcotics convict from Sri Lanka to India: Madras High Court penalises MEA & MHA officials

Transfer of narcotics convict from Sri Lanka to India: Madras High Court penalises MEA & MHA officials The Madras High Court has directed two joint secretaries serving in the Ministry of External Affa

Transfer of narcotics convict from Sri Lanka to India: Madras High Court penalises MEA & MHA officials

Transfer of narcotics convict from Sri Lanka to India: Madras High Court penalises MEA & MHA officials The Madras High Court has directed two joint secretaries serving in the Ministry of External Affairs (MEA) and Ministry of Home Affairs (MHA) to jointly pay ₹50,000 to the High Court Legal Services Committee for not rendering effective assistance to the court in deciding a habeas corpus petition related to a narcotics case convict repatriated from Sri Lanka to India. A Division Bench of Justices Anita Sumanth and Sunder Mohan wrote: “Respondent 5 and Respondent 6 are put to terms and shall remit ₹50,000 to High Court Legal Services Committee within four weeks.” The judges also recorded their displeasure over a central government senior panel counsel not answering questions raised by the court despite grant of multiple adjournments. The habeas corpus petition had been filed by the son of Zahir Hussain who had been convicted by a Sri Lankan court on May 18, 2015. The court over there had sentenced him to life imprisonment for the offence of drug trafficking after he was found to be in possession of 720 grams of heroin. Thereafter, he was repatriated to India for serving the sentence in a local prison here. Mohamed Saifulla brought it to the notice of the court that the convict had sought repatriation to India in terms of the ‘Agresement between the Government of the Republic of India and the Government of the Democratic Socialist Republic of Sri Lanka on the transfer of sentenced persons,’ a bilateral treaty signed by both the nations in 2010. He said, the request for repatriation was accepted by an order passed by the MHA on July 29, 2016. The order stated that the maximum punishment in India for possession of 720 grams of heroin was only 10 years of rigorous imprisonment under Section 21 of the Narcotic Drugs and Psychotropic Substances…

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