IBC - Since petitioner is virtually assailing correctness of findings before self same Court and pleading for reconsideration of issue, which cannot be entertained by Court : HC (See 'Legal Desk') PMLA - If there is no prima facie material to substantiate that Accused knowingly facilitated transfer of proceeds of crime, no presumption can be drawn that petitioner is involved in money laundering : HC (See 'Legal Desk') Competition Act - Documents and evidences produced do not substantiate allegations of collusion/cartelisation : CCI (See 'Legal Desk') Foundational Literacy and Numeracy Assessment Test to be conducted nationwide under ULLAS (See 'Corp Brief') SARFAESI Act - Petitioner is unable to carve out any exceptional or extraordinary circumstance, which calls for interference by Court : HC (See 'Legal Desk') Bricks laid to establish 'Centre for Preservation & promotion of Tribal Culture & Heritage' (See 'Corp Brief') SAST Regulations - There is undue delay in filing of appeal and same is liable to be dismissed on ground of laches : SAT (See 'Legal Desk') Govt signs MoU with SIDBI and NIESBUD for transformation of Fair Price Shops (See 'Corp Brief') PMLA - Mere issuance of summons to another person or seeking leave of Court to file additional evidence, without there being any other sufficient material to challenge, petitioner cannot be held to be entitled to default bail : HC (See 'Legal Desk') IBC - Mr. Alok Kumar compromised his independence as RP for which his registration can be suspended for 3 months : IBBI (See 'Legal Desk') Govt to promote indigenous manufacturing and self-reliance in coal sector (See 'Corp Brief') SEBI Act - Contention that appellants would release money only after their accounts are de-freezed is patently misconceived and cannot be accepted : SAT (See 'Legal Desk') IBC - Application filed u/s 95 to initiate Insolvency Resolution Process against Personal Guarantor can be admitted as Personal Guarantor has defaulted in payment of dues within 14 days from service of demand notice : NCLT (See 'Legal Desk') Railways revenue touches Rs 2.40 Lakh Crores; over 1500 Million Tonnes of freight transported; aims 5100 Km of track laying this fiscal (See 'Corp Brief') SCRA - Even if there is technical breach and there is no misuse of client funds, nonetheless, if something is required to be done in particular manner it should be done in that fashion : SAT (See 'Legal Desk') SARFESI Act - Mere reference to property as 'agricultural’ as per revenue records is not sufficient to accept same as such for purpose of SARFESI Act: HC (See 'Legal Desk')

Scindia chairs Advisory Committees for Integrated Steel Plants and Secondary Sector industry

Published: Aug 09, 2022

By TIOLCorplaws News Service

NEW DELHI, AUG 09, 2022: Union Minister of Steel & Civil Aviation, Jyotiraditya M. Scindia, chaired a meeting of the two Advisory Committees formed for Integrated Steel Plants and the Secondary Steel industry  yesterday. The Minister of State for Steel and Rural Development, Faggan Singh Kulaste was also present at the meeting. Eminent members of the steel industry, associations, academia, senior retired officials from the Government are members of the Committees.

In the first meeting held yesterday, it was decided that these Committees shall deliberate on the issues of importance pertaining to the steel sector.

Addressing the members of the Committee, the Minister emphasised that the mantra of the Government is to make decision-making participatory. There is a great amount of interplay between various other sectors including logistics, coal & mines, the State Governments etc. The purpose of forming Advisory Committees is to ensure active participation of stakeholders to listen to the issues and possible course of action directly from the stakeholders, which will ensure success of steel sector.

Issues to be dealt on priority were identified by both the Advisory Committees.

Jyotiraditya M. Scindia urged the industry to take active part in the Advisory Committees and said that the periodicity of the meetings will depend upon the industry's desire to push forward to resolve issues common to the sector.

Thanking the Minister, the Committee members welcomed the idea of formation of the Committees and assured full cooperation for robust development of the sector and achieving the targets set in the National Steel Policy 2017.

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