UNPAID DUES
Tamil Nadu: Family trapped on first floor after landlord demolishes staircase
Tamil Nadu fire and rescue services were called to rescue a family trapped on the first floor of their home after their landlord demolished the staircase due to a dispute over rent payment. The landlord, Srinivasan, had already cut off the electricity, drinking water, and sewage lines to the property the previous week.
CIBIL score dropped due to bank's fault: Doctor won the legal battle with Rs 2.6 lakh as damages after 7 years, lessons you can learn from this
CIBIL score: A doctor had AMEX credit card issued by a bank with credit limit of Rs 3.25 lakh. However his bank reported him as a defaulter and thus his CIBIL score dropped by a big margin This happened despite the doctor paying the bank by personally handing over a cheque with number 69131. However ICICI Bank, Vadodara branch stepped in to help solve this case.
Dispute with Raymach Tech settled: SpiceJet to NCLT
SpiceJet Ltd settled a dispute with Raymach Technologies over ₹2.7 crore worth of unpaid dues at the National Company Law Tribunal.
Health insurance new rule: You will get full coverage during grace period even if premium is unpaid, mandates IRDAI
New health insurance rule: To bring some much-needed relief to health insurance policyholders, Insurance Regulatory and Development Authority of India (IRDAI) has released a master circular on Health Insurance Business. Typically, most health insurance plans offer a grace period, a buffer to pay premium of your insurance policy. Earlier, health insurance grace period offered a buffer to pay premiums but no coverage for claims during that time. IRDAI's new rule mandates coverage during the grace period. What changes for the health insurance policyholders. How is this new move going to impact them? Read here to find out.
Auditors flag unpaid 'use or pay' charges of Rs 1,832 crore at Petronet LNG
Auditors flagged unpaid 'use or pay' charges of Rs 1,832 crore at Petronet LNG, the largest operator of natural gas import terminals in India.
Samsung retailers in Maharashtra protest over unpaid dues of Rs 50 crore
Samsung retailers in Maharashtra are protesting in Pune over unpaid dues totaling Rs 50 crore, pending for over a year. The dispute stems from a distributorship change in March 2023, causing disruptions and leaving retailers without promised incentives. Despite commitments from Samsung, outstanding claims remain unresolved.
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ITAT dismisses Congress plea for stay against Income Tax proceedings over unpaid dues; Freezes bank accounts
The Income Tax Appellate Tribunal has dismissed the Congress party's plea to stay proceedings for the recovery and freezing of their bank accounts, aiming to recover Rs 115 crore in income tax dues. Congress plans to challenge the tribunal's decision, citing bias and timing ahead of national elections, and vows to fight back, calling it an attack on democracy.
Star can't stop TV signals to Essel-backed Siti, for now
Rohit Mehra, the resolution professional (RP) managing the insolvency proceedings against Siti, moved the NCLT, seeking directions to restrain Star from disconnecting signals and continue providing TV signals till the final adjudication of the appeal.
Mamata Banerjee announces payment to 21 lakh MGNREGA workers in Bengal by February 21
"We do not want to beg from the BJP nor do we want their alms. By February 21, we will transfer money to the bank accounts of 21 lakh workers who did not get the money from the central government even after working for the 100-day work scheme (MGNREGA) in the last three years. This is my first step", Banerjee announced at the dharna site.
ET Explainer: How to avoid falling into a credit card trap
Credit cards can be used to pay bills and for shopping both online and offline provided the total payment is within the credit limit provided by the issuer. Credit card issuers offer interest-free credit periods ranging from 20 to 50 days. It is typically the period between the date of your purchase and the next payment due date.
How to pay off your credit card debt
How should you deal with the mounting interest costs on credit card spends? All you need to know
NCLAT upholds NCLT order for sale of three Jet Airways aircraft to Ace aviation
The sale is expected to fetch an additional Rs 350 crore. The All India Jet Airways’ Officers and Staff Association opposed the sale as they argued the right of lien over the aircraft, owing to unpaid dues by the airline.
BCCI initiates insolvency plea against Byju's over unpaid dues
The complaint has been registered with the Bengaluru bench of the National Company Law Tribunal (NCLT). Justices K Biswal and Manoj Dubey have scheduled the next hearing for December 22.
Indian banks win UK High Court challenge over unpaid loans by Singapore's GVK
In a significant legal victory, six Indian banks have successfully won a court ruling in the London High Court against GVK Coal Developers (Singapore) Pte Ltd and associated entities. The total dues is estimated at $2 billion including interest. The case dates back to 2011 and 2014 when the banks provided loan facilities to GVK Coal Developers, which had become overdue.
Truckers in Germany end 'unprecedented' strike
Atema, who led the negotiations on the labour side, said the drivers had been previously "invisible" in European road transport supply chains but achieved "fundamental changes" with their industrial action. "Not invisible anymore, but invincible," he said.
Elon Musk's X Corp in another legal fight over unpaid rent, this time as plaintiff
X Corp, formerly known as Twitter and owned by Elon Musk, has filed a lawsuit against financial services company Atlas Exploration, seeking to recoup over $713,500 in allegedly unpaid rent and fees for office space in San Francisco. The lawsuit alleges breach of contract and claims that Atlas terminated the sublease agreement early without paying the owed rent and early termination fee.
Violent clash over milk dues claims three lives in Patna
Patna's Senior Superintendent of Police (SSP), Rajiv Mishra, revealed, "There was a dispute between two groups over some milk dues. One group reached the house of another group and demanded the money. This led to a quarrel between them and suddenly firing started."
Bengaluru: Harassing elderly for just 35 paise credit card due costs private bank Rs 5,000
Banks typically do not issue statements for dues below Rs 100. Despite that, the unnamed private bank continued to harass the elderly man for just 35 paise.
Seven electric two-wheeler firms suffered over Rs 9,000 crore loss after Centre stopped subsidies, says SMEV
Seven electric two-wheeler companies in India have collectively lost over Rs 9,000 crore ($1.2bn) in unpaid dues and market loss after their subsidies were stopped last year, according to the Society of Manufacturers of Electric Vehicles (SMEV). The Indian government has told the companies to refund the subsidies availed by them. The companies may have to absorb unpaid dues, interest, debt, loss of market share, reputational loss and the cost of capital along with potential recapitalisation.
Dunzo faces legal notice from seven firms over unpaid dues
Dunzo had received legal notices from Google India, Nilenso, Clover Ventures, Facebook India Online Services Private Limited, Cupshup, Koo and Glance.
Pakistan Airlines plane seized in Malaysia over unpaid dues, second time in 2 years
A Malaysian court ordered the Pakistan Airlines plane to be seized on the lessor’s request.
SpiceJet's offer to settle unpaid dues not good enough, lessor tells India tribunal
The Ireland-based lessor earlier this month sought to initiate bankruptcy proceedings against SpiceJet over non payment of lease rentals and other dues. The airline owes Aircastle around 500 million rupees ($6 million), a lawyer present at the hearing told Reuters.
SC upholds NCLAT's order to clear unpaid dues of Jet Airways' former employees
In a setback to the Jalan Fritsch consortium, the successful bidder of debt-laden Jet Airways, the Supreme Court on Monday upheld the National Company Law Appellate Tribunal’s (NCLAT’s) order that asked it to clear the unpaid provident fund and gratuity dues of Rs 250 crore to the former employees of the grounded airline.
Mumbai officials seize 4 aircraft of Jet Airways over unpaid gratuity dues: Report
The Mumbai district administration seized three Boeing and one Airbus planes after an authorised representative from the carrier's monitoring panel defaulted on dues payment of 960,000 rupees ($11,760.38) plus 10% interest, CNBC-TV18 reported, citing a notice.
NCLAT directs Jet Airways' new owner to clear unpaid provident fund, gratuity dues
Allowing a batch of petitions filed by the associations of workmen, Aircraft Maintenance Engineers, Officers and Staff Association and others, a two-member NCLAT bench had asked the new owner to make payment of provident fund dues as admitted by the resolution professional.
METRO Cash & Carry directed to appear before NCLT in unpaid dues case
The case has been brought by NWCC Supply Chain Solutions Private Limited and its affiliate North West Carrying Company LLP, both Delhi-based logistics service providers who claim they have unpaid invoices of Rs. 1.3 crore and Rs. 1.9 crore that have not been cleared by the international wholesale company.
Lessor AWAS requests de-registration of SpiceJet planes over unpaid dues
The airline's flights have also had frequent safety snags in the last two months. The DGCA issued a show cause notice to the airline recently and probed the incidents. This was followed by a mandate that SpiceJet can only operate 50% of the flights approved for the summer schedule. The airline said its flights won't be impacted as it already has curtailed its capacity by half.
Trell served legal notice by Creatify Web Services over unpaid dues
Other recipients of the legal notice include Shreya Goel and Siddharth Vasishtha of Trell, who oversaw the engagement between the two firms.
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