PMLA -Bail application can be dismissed as petitioner failed to satisfy conditions for grant of bail : HC (See 'Legal Desk') ACC delivers lifetime highest annualised PAT (See 'Corp Brief') SEBI Act - Appellants have failed to substantiate their claim of financial distress nor have they brought any new fact or circumstances requiring grant of interim relief : SAT (See 'Legal Desk') Trade Mark Act - Marks are visually phonetically and deceptively similar to Plaintiffs' trademarks : HC (See 'Legal Desk') SJVN inaugurates First Multi-purpose Green Hydrogen Pilot Project (See 'Corp Brief') IBC - Even if CIRP commences, Directors, who are incharge of affairs of Company cannot be absolved of any wilful default committed by borrower Company : HC (See 'Legal Desk') REC to extend loan of Rs 1869 Cr for Kiru Hydro Electric Project (See 'Corp Brief') IBC - Corporate Insolvency Resolution Process can be initiated for failure to repay debt due and payable : NCLT (See 'Legal Desk') CCO declares grading of coal and lignite mines (See 'Corp Brief') SARFAESI Act - Writ petition can be disposed of as infructuous as one time settlement has been entered into between parties : HC (See 'Legal Desk') PM addresses Conference on Disaster Resilient Infrastructure (See 'Corp Brief') SARFAESI Act - Award of interest on auction money at rate applicable to fixed deposits is not a correct view and rate of interest deserves to be enhanced: SC (See 'Legal Desk') CCI okays subscription to debentures of Napino Auto by IFC (See 'Corp Brief') Constitution of India - Writ jurisdiction of Court cannot be used by party for collecting evidence and documents against another party, against whom petitioner has pending disputes : HC (See 'Legal Desk') World Energy Congress 2024: Power Secy, Ambassador to Netherlands inaugurate India Pavilion (See 'Corp Brief') PMLA - Considering money trail and involvement of applicant in crime he is not entitled for anticipatory bail : HC (See 'Legal Desk') Competition Act - Informant has neither referred to any particular agreement nor provided any document which suggest existence of anti-competitive agreement : CCI (See 'Legal Desk') CSIR implements new in-house 'Accounts Manager Software' for financial management (See 'Corp Brief') PMLA - Applicant is not entitled for grant of anticipatory bail u/s 45 of PMLA as Court does not find any reasonable ground to believe that applicant is not guilty of crime : HC (See 'Legal Desk') SARFAESI Act - Petition has been filed to overreach recovery proceedings, wherein Petitioners have been found to be liable to pay certain amount so as to circumvent provisions of statutory appeal : HC (See 'Legal Desk') IREDA reports All-Time High Annual Net Profit, NPAs below 1% (See 'Corp Brief') SARFAESI Act - District Magistrate is under statutory obligation to decide application u/s 14 of the SARFAESI Act within thirty days : HC (See 'Legal Desk') IBC - Wilful defaulter proceeding cannot be relatable to recovery of debt but is merely an off-shoot of debt : HC (See 'Legal Desk') Competition Act - Since it is agreement between enterprise and end consumer, same is not covered within ambit of Section 3(4) of Act: CCI (See 'Legal Desk') Govt announces election of 11 members Veterinary Council of India (See 'Corp Brief') Companies Act - Charges of professional misconduct in SCN are proved for which monetary penalty can be imposed : NFRA (See 'Legal Desk') PMLA - Application for anticipatory bail can be rejected as there is failure on part of applicant to appear before trial Court despite service of bailable warrant : HC (See 'Legal Desk') IBC - There is no scope of interference in writ petition since there is no arbitrariness, mala fides or palpably illegality in impugned order : HC (See 'Legal Desk')

Railways, CII signs MoU to facilitate green initiatives

Published: Sep 13, 2019

By TIOLCORPLAWS News Service

NEW DELHI, SEPT 13, 2019: THE Ministry of Railways and Confederation of Indian Industries, has entered into MoU for facilitation of green initiatives in Indian Railways at New Delhi today. The MoU was signed in the presence of the  Minister of State of Railways, Mr. Suresh C. Angadi, Director General of CII Mr. Chandrajit Banerjee, Member, Rolling Stock, Mr. Rajesh Agarwal and other Railway Board Officials. This was undertaken as an Indian Railways Green initiative as part of India's contribution towards mitigation of global warming and combating climate change.

Speaking on the occasion, Minister of State of Railways, Mr. Suresh C. Angadi said that Cleanliness (Swachhta) has become a movement. Taking inspiration from the Prime Minister, mass participation is now being witnessed across the country on this front. In Railways also, concerted efforts are being made to ensure cleanliness and hygiene in trains and on station premises. He appreciated Railway officials and staff for their effort in this direction. He expressed his happiness that 50 Railway units including workshops and production units, 12 Railway stations and 16 more buildings and other facilities have achieved Green Certification. He hoped that more Railway Production Units and workshops will attain such Green Certificates.

The objectives of the MoU:

++ Energy efficiency in manufacturing facilities and railway workshops;

++ Greening of Railway properties;

++ Demonstrative pilots of ‘net-zero energy buildings/ railway stations;

++ Capacity and skill development by continuous sharing of best practices on energy and environment through training programmes;

++ Development of Green procurement policy, waste management policy, solid waste disposal, carbon neutrality, phytoremediation.

Three Coffee Table Publications - one each on Energy Efficiency, GreenCo Rating and Green Buildings(including railway stations) were also released for wide circulation as part of efforts taken by the Indian Railways team as envisaged in MoU.

Indian Railways & CII have been working together since signing of MoU in 2016 on Green Rating & Energy Efficiency Studies of IR's Production Units & major workshops and after assessment in last three years, 50 Railway Units including workshops and production units have achieved GreenCo certification. In addition, 12 Railway stations and 16 more buildings and other facilities have also achieved Green certification.

GreenCo rating system developed by CII evaluates the green initiative and the rate of performance of industrial units who are pursuing environmentally sustainable practice and also certifies green building, green campus and green schools etc.

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