POWERGRID records PAT of Rs 15,573 crores (See 'Corp Brief') Companies Act - Petitioner is liable to be tried as petitioner under garb of petition is trying to get proceedings quashed although on different grounds : HC (See 'Legal Desk') PMLA - For import advance taken but not repaid, property of accued is rightly attached as it is covered within definition of Proceeds of crime u/s 2(1)(u) of PMLA : TRIBUNAL (See 'Legal Desk') Drugs and Cosmetics Act - In absence of necessary averments prosecution against Directors of company cannot be permitted to continue : HC (See 'Legal Desk') IICA, MCA hold inter-ministerial workshop on 'Responsible Business Conduct in India' (See 'Corp Brief') IBC - No writ petition is maintainable challenging interim orders of Arbitral Tribunal and same can be challenged only in Section 34 proceedings : HC (See 'Legal Desk') NTPC gets global recognition for Talent Development (See 'Corp Brief') PMLA Act - Since warrant has been issued by Court but applicant is not appearing therefore not entitled to anticipatory bail : HC (See 'Legal Desk') Competition Act - Once buyer purchases product from seller at given price, it cannot insist to avail benefit of any future discount which may be offered on such product by seller : CCI (See 'Legal Desk') ULIP workshop brings States together to enhance India's Logistics (See 'Corp Brief') Companies Act - Winding up proceedings pending before High Courts, which are at nascent stage ought to be transferred to NCLT : HC (See 'Legal Desk') AG Venkataramani addresses Annual Day commemoration of Competition Commission of India (See 'Corp Brief') Arbitration Act - Court does not have jurisdiction to entertain petition in absense of exclusive jurisdiction clause or otherwise as seat of arbitration is at place where arbitration is conducted : HC (See 'Legal Desk') Land Acquisition Act - Acquisition of land has been made contrary to purposes for which it can be acquired under Land Acquisition Act, 1894 : HC (See 'Legal Desk') DoT trained 350 in month-long 5G course (See 'Corp Brief') PMLA - If accused appears before Special Court pursuant to summons, he shall not be treated as if he is in custody and it is not necessary for him to apply for bail : SC (See 'Legal Desk') Constitution of India - Action of refusing to forward petitioner's application for deputation as also denial of NOC to join respondent as Executive Director is arbitrary : HC (See 'Legal Desk') NTIPRIT conducts workshop on 'Global Standards & IPR' (See 'Corp Brief') SARFAESI Act - No civil court can exercise jurisdiction to entertain any suit or proceeding in respect of any matter which DRT or DRAT is empowered by or under Act : HC (See 'Legal Desk') Copyright Act - Impugned Copyright is evidently a substantial reproduction of the Petitioner's copyrighted work, bordering on a colourable imitation : HC (See 'Legal Desk') MP Tourism to set up Museum in Bhopal (See 'Corp Brief') FERA - Appellant can not be absolved merely on basis of his denial about arranging foreign exchange transaction overseas when seized documents and explanation offered by concerned persons estabish his involvement : Tribunal (See 'Legal Desk') PMLA - Application seeking interim bail on ground of surgery of wife can be disposed of as date of surgery has not yet been fixed : HC (See 'Legal Desk') Arbitration Act - Ad-interim injunction can be granted and Respondents be restrained from taking any action which would result in disruption in credit card services through use of licensed software : HC (See 'Legal Desk') Adani Energy completes acquisition of Essar's Mahan-Sipat Transmission assets (See 'Corp Brief') Arbitration - Since settlement has not worked out Court decided to refer matter to arbitration : HC (See 'Legal Desk') SEBI Act - Considering receipt of settlement amount by SEBI and fulfilment of non-monetary term of settlement, adjudication proceedings initiated against Applicant can be disposed of : SEBI (See 'Legal Desk') PMLA Act -Without discussion as to how property is involved in money laundering conclusions recorded by Adjudicating Authority cannot sustain : Tribunal (See 'Legal Desk') Power Finance Corporation announces Highest Annual Profit (See 'Corp Brief') 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')

IREDA celebrates legacy: Past leaders share Vision for Future

Published: Apr 12, 2024

By TIOLCorplaws News Service

NEW DELHI, APR 12, 2024: ON the occasion of "Public Sector Day" on April 10, 2024, Indian Renewable Energy Development Agency Ltd. (IREDA) hosted a gathering, bringing together its predecessors and retired employees in a special event aimed at celebrating the organization's legacy and projecting a path forward for continued success. The event witnessed enthusiastic participation from most of the superannuated employees, including former CMDs and Directors, who assembled to reminisce and share valuable insights for the future trajectory of the company.

The occasion served as a platform for the esteemed veterans to recount their experiences and offer inputs for further enriching IREDA's journey. Former CMDs and Directors commended the rapid growth trajectory of IREDA and applauded the management's holistic approach towards fostering business success and ensuring the well-being of its workforce, including that of superannuated employees.

Speaking about the significance of the event, CMD, IREDA, Shri Pradip Kumar Das said: "This gathering holds immense significance as it not only honours the contributions of our valued predecessors and superannuated colleagues but also underscores our commitment to fostering a culture of inclusivity and collaboration. Their wealth of experience and insights are invaluable assets that will continue to guide us as we navigate the dynamic landscape of renewable energy development. Our growth story is not just about numbers and achievements; it's about the people who have been the foundation of our success. We are grateful for the wisdom and guidance of our predecessors, and we look forward to leading IREDA to new heights with the same spirit of excellence and collaboration."

A highlight of the celebration was the Hasya Kavi Sammelan, providing attendees with moments of laughter and camaraderie, further enhancing the celebratory atmosphere. The audience was spellbound by the profound messages woven into the poetry of Manisha Shukla, Shri Chirag Jain, and Shri Sunder Kataria. Held at the India Habitat Centre in New Delhi, the event was a testament to IREDA's commitment to fostering a sense of community and continuity among its workforce.

The event was also graced by Director (Finance) Dr. Bijay Kumar Mohanty, Independent Director Shri Ram Nishal Nishad, Chief Vigilance Officer Shri Ajay Kumar Sahani, and other senior officials. IREDA officials posted at the branch offices participated in the event in virtual mode.

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