Centre sells 18.09 LMT wheat in 13 e-auctions under Open Market Sale Scheme (See 'Corp Brief') Trade Marks - Defendant is illegally dealing with plaintiff's registered mark AMERICAN EAGLE OUTFITTERS and selling counterfeit products : HC (See 'Legal Desk') 3 'S', Skill, Speed and Scale, are key to Capacity Building for StartUps: MoS (See 'Corp Brief') IBC - Application is not maintainable as filed with malafide and Applicant has suppressed several material facts and defects : NCLT (See 'Legal Desk') Govt hosts roundtable with corporates; comprehensive support for Persons with Disabilities on agenda (See 'Corp Brief') SEBI Act - Continuation of proceedings against legal representatives of Shri Y.N. Saxena is without any authority of law and misuse of process of law : SAT (See 'Legal Desk') Competition Act - Litigations initiated by Opposite Parties cannot be said to be fraught with lack of bona fide : CCI (See 'Legal Desk') Coal PSUs conduct recruitment drives in Mission Mode (See 'Corp Brief') CPC - Order be modified directing respondent no.2 to comply with order within period of 2 months provided order is not interfered with Court of competent jurisdiction: HC (See 'Legal Desk') C-DOT, CSIR sign agreement for 'Development of NavIC based IST traceable Primary Reference Time Clock for telcos (See 'Corp Brief') IBC - Fresh settlement agreement can not be taken on record as very execution of Agreement dated 01.04.2021 is denied by Financial Creditor: NCLAT (See 'Legal Desk') CCI okays acquisition of additional stake in Highways Infrastructure Trust (See 'Corp Brief') SEBI Act - Orders of higher authorities should be followed unreservedly by subordinate authorities and it is not open to subordinate authority to state that order of appellate authority is not acceptable: SAT (See 'Legal Desk') Competition Act - Considering structure of market, Informant can supply books to number of institutions/organisations and does not seem to be dependent on any of OPs for survival of its business: CCI (See 'Legal Desk') 19.88 lakh new workers enrolled under ESI Scheme in the month of July (See 'Corp Brief') Trade Marks - Exclusivity can't be claimed in respect of part of registered trade mark, where part is not separately registered as trade mark: HC (See 'Legal Desk') IBC - IBC have an overriding effect over any other law: NCLT (See 'Legal Desk') Trade Marks - Defendants are infringing Plaintiffs' rights in mark 'SAKARNI' by using mark identical/similar to Plaintiffs' registered marks: HC (See 'Legal Desk') IBC - Company Petition is barred by limitation as amounts claimed in Company Petition are beyond 3 years from date of filing Petition: NCLT (See 'Legal Desk') NHAI inks agreement to develop Multi Modal Logistics Park at Bengaluru (See 'Corp Brief') Arbitration - 'venue' is 'seat' of arbitration if contract contains arbitration clause that specifies 'venue', thereby anchoring arbitral proceedings : HC (See 'Legal Desk') Copyright - Colour scheme and objects/items used in artistic work are also factor while determining substantial similarity/reproduction : HC (See 'Legal Desk') IBC - When Agreement is executed between parties, signed by both parties and acted upon then mere fact that it not being engrossed on stamped papers shall have no adverse consequence on claim of Operational Creditor : NCLT (See 'Legal Desk') SEBI Act - Pledging client securities to banks/ NBFCs for raising funds, even with client authorisation is violation of Law : SEBI (See 'Legal Desk') RBI Act - Petition is liable to be dismissed on ground of efficacious alternative statutory remedy available u/s 45-IA of RBI Act : HC (See 'Legal Desk') IBC - Applicant does not falls under definition of 'Secured Creditor' under IBC : NCLT (See 'Legal Desk') IBC - In present case date of default is date of invoices raised and Application is barred by Section 10A of IBC, 2016 : NCLT (See 'Legal Desk') SEBI Act - Case can be remanded back to AO to check eligiblity of appellant for exemption from making open offer based on fresh documents filed before Tribunal : SAT (See 'Legal Desk')

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NHAI inks agreement to develop Multi Modal Logistics Park at Bengaluru

Published: Sep 19, 2023

By TIOLCorplaws News Service

NEW DELHI, SEP 19, 2023: NATIONAL Highways Logistics Management Ltd (NHLML), a 100% owned company of NHAI, signed an agreement for the development of Multi Modal Logistics Park (MMLP) at Bengaluru proposed to be developed under the Public Private Partnership (DBFOT) model at an estimated cost of Rs 1,770 crore, the agreement has been signed between Government SPV, Bengaluru MMLP Pvt. Ltd. & Concessionaire SPV M/s. PATH Bengaluru Logistics Park Pvt. Ltd.

The MMLP is being developed in an area of 400 acre at Muddelinganahalli in Bengaluru rural district in Karnataka. The project is poised to become the first and largest MMLP ever implemented in the country under the PM Gati Shakti National Master Plan.

To facilitate seamless logistics movement, the site is strategically located adjacent to the upcoming KIADB industrial area on East side, abutting the NH 648, Dabbaspet to Hosur as well as Satellite Town Ring Road on North side and Bengaluru - Hubli - Mumbai rail line on South side. Bengaluru MMLP is located at a distance of 58 km from Bengaluru Airport and 48 km from Bengaluru city railway station.

The MMLP will be developed in three phases. The first phase is expected to be completed in two years. MMLP will cater to about 30 million metric tonnes (MMT) cargo by the end of concession period of 45 years and will give huge boost to the industrial zones in the catchment region such as Bengaluru and Tumkur.

A Government SPV is incorporated between National Highways Logistics Management Ltd. (NHLML), Rail Vikas Nigam Limited (RVNL) amd Karnataka Industrial Area Development Board (KIADB).

Development of MMLP is a key initiative of the Government of India to improve the country's freight logistics sector by enabling efficient inter-modal freight movement to lower overall freight costs and time, provide efficient warehousing, improve tracking and traceability of consignments thereby enhancing the efficiency of the Indian logistics sector.

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