Supreme Court has set the ball rolling on the bankruptcy proceeding of Falcon Tyres even as it has agreed to hear a plea by defaulter Pawan Ruia who had claimed that the principles of natural justice is denied to him on grounds that he was not given adequate time to respond to lenders notice.
Tag: Supreme Court
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Ban on BS-III not applicable on farm, construction vehicles: Supreme Court
The Supreme Court clarified that the ban on sale and registration of Bharat Stage-III (BS-III ) vehicles is not applicable to equipment used for farming and construction.
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CV sales drop in April after SC order
The Supreme Court's order restricting OEMs from selling BS-III vehicles has taken a toll on commercial vehicle sales in the country during the month of April, as all OEMs have reported a significant drop.
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Mayday! Mayday!
Misinterpretation of Supreme Court BS III ban has brought the construction equipment and tractor industry on its knees.
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BS-III vehicles ban: Two-wheeler industry took Rs 600 crore hit
The two-wheeler industry is estimated to have incurred a loss of Rs 600 crore due to the three-day discount offered to customers after the Supreme Court ordered a ban on sale of BS-III vehicles, a report said.
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SIAM Files Review Petition in Supreme Court
The apex industry body Society of Indian Automobile Manufacturers filed a Petition in the Supreme Court pleading for a review of the judgement issued in the case of BS III Vehicles.
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Indian automakers’ nightmare: BS-III and the futile furore over emission norms
On March 31, SIAM, the association representing India’s automakers, shot off a letter loaded with woes to the Prime Minister.
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Registration of BS-III vehicles’ after Apirl 1 2017 is possible
Putting all uncertainties to rest over the registration of BS-III vehicles after April 1, the road transport ministry has said only manufacturing of such vehicles are not allowed after March end.
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Supreme Court says Maruti Suzuki can’t be heard on compensation post-land acquisition
The Supreme Court held that Maruti Suzuki India Limited (MSIL) has no locus as an alottee to be heard in a matter relating to determination of compensation under the Land Acquisition law after the land has been acquired.
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Supreme Court gives interim relief to Nissan, Toyota, Ford
Providing an interim relief to Nissan, Ford and Toyota, the Supreme Court ordered a stay on the Competition Appellate Tribunal’s December order upholding charges of anti-competitive practices against these automakers.
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