SAFEMA - Appellant have furnished evidence which show satisfactorily that they took all reasonable steps to realise export proceeds : Tribunal (See 'Legal Desk') Companies Act - Winding up petition can be dismissed when contentions raised by parties constitute triable issues as Company Court cannot enter into adjudication of disputed facts of amount due and payable : HC (See 'Legal Desk') Competition Act - In absence of any apparent anti-competitive conduct, decision of purchase or sale of product and quantity thereof is driven by commercial considerations of market players : CCI (See 'Legal Desk') Principal Scientific Adviser chairs meeting to discuss Biomass Cultivation (See 'Corp Brief') India Pavilion at World Hydrogen Summit showcases Green Hydrogen Mission (See 'Corp Brief') Slum Rehabilitation Act - Preferential right to owner is available only when someone other than owner is being preferred and owner has never before been given or availed of right to develop : HC (See 'Legal Desk') CPC - Application can be dismissed as Intervener has already initiated its own remedy by way of independent Execution Petition : HC (See 'Legal Desk') SEBI Act - Appellant has not shown sufficient cause for condonation of delay in filing appeal : SAT (See 'Legal Desk') PMLA - When questions relating to legality of arrest is under consideration, more holistic and libertarian view is to release Chief Minister of Delhi on interim bail for Lok Sabha General Elections : SC (See 'Legal Desk') Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976 - Order for forfeiture of properties is rightly made as property is occupied through lllegal earning : Tribunal (See 'Legal Desk') Arbitration Act - As petitioner is not notified as 'financial institution' or 'bank' under RDB Act, there is no bar on parallel proceedings to co-exist under A&C Act as well as SARFAESI Act : HC (See 'Legal Desk') Cr.P.C. - Once order issuing process has been set aside, then applicant has no right to file application u/s 482 of Cr.P.C. for quashment of complaint case : HC (See 'Legal Desk') Summer Power demand expected to be adequately met during both day and night (See 'Corp Brief') Competition Act - WordPress.org is justified in taking appropriate action against any developer found non-compliant with prescribed standards and regulations : CCI (See 'Legal Desk') Ministry of Skill signs MoU with Mahindra Ltd to conduct two Pilot Projects (See 'Corp Brief') SEBI Act - Operation of order can be stayed for appellant as he has resigned and has no role to play in decisions made thereafter for continuation of schemes : SAT (See 'Legal Desk') IREDA Global Green Energy Finance IFSC Limited incorporated in GIFT City (See 'Corp Brief') Trade Marks Act - Petitioner has no locus to challenge order as petitioner is not claiming itself to be manufactory in Madhya Pradesh and registration of its label under M.P. Beer & Wine Rules : HC (See 'Legal Desk') SARFAESI Act - Discretion to grant reduction in pre-deposit rests with DRAT and Petitioner has failed to make out any ground for interference : HC (See 'Legal Desk') Constitution of India - Petitioner is entitled for Capital subsidy : HC (See 'Legal Desk') Coast Guard inks MoU with Jindal Steel for boosting indigenous manufacturing capacity (See 'Corp Brief') Companies Act - Winding up proceedings pending before High Courts, which are at nascent stage and have not progressed to advanced stage, can be transferred to NCLT : HC (See 'Legal Desk') PMLA - Considering involvement of applicant in selling fake Remdesivir injection at higher price, applicant is not entitled for anticipatory bail : HC (See 'Legal Desk') Arbitration Act - Any amicable settlement not incompatible with arbitration agreement is encouraged by Arbitral Tribunal : HC (See 'Legal Desk') M.P. Nagar Tatha Gram Nivesh Adhiniyam, 1973 - Order passed by respondents is devoid of merit as land of petitioner is left open for purpose of any future road expansion : HC (See 'Legal Desk') Arbitration Act - Since appellant has failed to establish loss suffered, Arbitral Tribunal rightly rejected appellant's claim in this regard : HC (See 'Legal Desk') PMLA - Arrest order and consequent remand order are not illegal : HC (See 'Legal Desk') Keel-laying ceremony performed at Goa Shipyard (See 'Corp Brief') Companies Act - Winding up proceedings pending before High Courts, which are at nascent stage and have not progressed to advanced stage, can be transferred to NCLT : HC (See 'Legal Desk') SEBI Act - Extension of time can be allowed to SEBI to complete investigation : SAT (See 'Legal Desk') Arbitration Act - Respondent no.3 is not liable for repayment obligations of financial facilities extended by appellant to respondent no 1 company : HC (See 'Legal Desk') Mineral production grows by 8 percent in February (See 'Corp Brief') SARFAESI Act - Court refrains to adjudicate matter on merits when matter is already pending in DRAT : HC (See 'Legal Desk') Coal production in April up by 7.4% (See 'Corp Brief') SEBI Act - Appellants have made case for stay as rigours of directions of SEBI order would adversely affect business of Appellant as well as their clients : SAT (See 'Legal Desk') Trade Mark Act - Marks 'BETSONE' and 'BETASON' are deceptively similar to registered trademark 'BETNESOL' and visually, phonetically and structurally alike, with minimal alterations : HC (See 'Legal Desk') Voting by tribal communities blossoms as ECI's outreach to them bears fruit (See 'Corp Brief') SARFAESI Act - No fault can be found with respondent financial institution invoking Section 14 of SARFAESI Act by approaching District Magistrate, Rewa : HC (See 'Legal Desk') Ministry of Parliamentary Affairs observes Swachhata Pakhwada (See 'Corp Brief')

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Raksha Mantri chairs Ambassadors' Round-table Virtual Conference on Aero India 2021

Published: Oct 08, 2020

By TIOLCORPLAWS News Service

NEW DELHI, OCT 08, 2020: DEPARTMENT of Defence Production, Ministry of Defence organised the Ambassadors' Round Table Virtual conference on Aero India 2021, chaired by Raksha Mantri Mr Rajnath Singh here yesterday. The major reach-out effort of the Ministry was well attended by 200+ invitees comprising Ambassadors, Heads of Missions and Defence Attaches of over 75 countries indicating the growing stature of the 13 th mega biennial event, to be held in Karnataka's capital Bengaluru from February 3-7, 2021. The senior representatives of foreign missions at New Delhi were briefed about the Aero India-21well in advance with a view to encourage the presence of their leaders and senior most decision makers at the event in February 2021 wherein India's Aerospace and Defence manufacturing capabilities will be displayed under one umbrella.

Addressing the conference, Raksha Mantri said, Aero India-21 aligns with India's vision to be among the top five countries of the world in defence and aerospace industries, with active participation of public and private sector fulfilling the objective of Self-Reliance as well as requirements of other friendly countries. Mr Rajnath Singh stated that “Aatmanirbhar Bharat was the centerpiece of Prime Minister Narendra Modi's vision and towards this, Ministry of Defence has announced numerous government reforms such as increase in FDI to 74% through automatic route, the Defence Acquisition Procedure -2020, revised Offset guidelines to promote Investment in India for co-development and co-production as also formulated the draft Defence Production and Export Promotion Policy 2020 (DPEPP 2020) during the preceding pandemic months to steer the vision as also for ease of business”.

Mr Rajnath Singh added that India's Aerospace and defence sector has matured and is exploring mutually beneficial partnerships with friendly countries to set up manufacturing industries in India and defence equipment produced in India to be exported abroad. He further stated that “Aero India-21 will showcase Government's intent to achieve a turnover of USD 25 billion with exports of USD 5 billion in aerospace and defence goods and services by 2025”.

The representatives from across the world were briefed that Aero India-21 will be a business oriented event and will be compliant to the COVID-19 stipulations. The event has received tremendous interest since the launch of the event website by the Defence Minister on 11 Sep 2020 and more than 90%of space has been booked reflecting the tremendous interest shown by exhibitors to participate in the aero show. The fine tuning of the business events and seminars are being planned and over 500 exhibitors are expected at Asia's Largest Aeroshow.

Raksha Mantri also urged the Ambassadors to impress upon their leadership and Industry captains of their respective countries and defence industries to participate in Aero India-21 in a big way so as to “dive deep into the strategic and business opportunities available in India with the aim of establishing strategic partnerships”. Mr Rajnath Singh also released the official Aero India 2021 inaugural film on the occasion.

The theme of the event ‘The runway to a billion opportunities', encompasses the gamut of Aerospace and Defence manufacturing including opportunities in the civil aerospace domain. The Defence Minister expressed confidence that Aero India-21 will demonstrate India's ability to take the lead and further build on our strengths in the post COVID world.

Department of Defence Production gave a detailed presentation on all aspects of Aero India-21 and built in assurances to be compliant with COVID-19 stipulations. The Government of Karnataka also gave a presentation informing the participants about the preparedness of the state to conduct the show in a controlled and safe environment.

Chief Minister of Karnataka, Mr BS Yediyurappa also addressed the distinguished audience and assured them that Government of Karnataka would make all necessary preparations towards safe conduct of the Aero India-21 in February 2021 at Bengaluru keeping in mind the safety of the participants and in compliance with the COVID-19 protocols.

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