IBC -Principle of taking over Corporate Debtor under Resolution Plan, will also apply to taking over by way of acquisition plan as per 'clean slate' principle of IBC: HC (See 'Legal Desk') FEMA -Every Adjudicating Authority shall have same powers of Civil Court which are conferred on Appellate Tribunal under Section 28 (2): TRIBUNAL (See 'Legal Desk') Ministry of Health celebrates two years of Tele MANAS (See 'Corp Brief') Arbitration -Court has limited jurisdiction under section 34 of 1996 Act and cannot scrutinize decision of Arbitrator: HC (See 'Legal Desk') MoS calls for synergy in Science Ministries to maximize impact (See 'Corp Brief') Competition Act-Intervention of High Court at stage of order under Section 26(1) is pre-mature and ought to have waited for CCI to come to conclusion: HC (See 'Legal Desk') CCI approves acquisition of 43% of JM Financial Credit Solutions' shares by JM Financial Ltd (See 'Corp Brief') Trademarks Act- Tribunal can cancel registration of trade mark on ground of contravention, or failure to observe condition under Act: HC (See 'Legal Desk') TCIL pays dividend to Govt (See 'Corp Brief') IBC, 2016- Non- cooperation with board and becoming non-responsive to communications made by board without any plausible reasons is held as contravention of provisions of IBC: IBBI (See 'Legal Desk') CCI okays acquisition of Personal Care division of Patanjali by Patanjali Foods (See 'Corp Brief') IBC- Presence of arbitration clause in contract does not bar an operational creditor from filing application under Section 9: NCLT (See 'Legal Desk') PMLA- Attaching movable and immovable property not part of proceeds of crime or of equal value is illegal: TRIBUNAL (See 'Legal Desk') 'Accord and satisfaction' & Arbitration (See 'CORP EINSICHT') BHP, SAIL sign MOU to accelerate potential pathways to steel decarbonisation (See 'Corp Brief') FSSAI convenes meeting of Rice Millers and Fortified Rice Kernel manufacturers (See 'Corp Brief') IBC - Disciplinary committee can be comprised and equated with one whole time member: HC (See 'Legal Desk') CCI conducts Workshop on Competition Law in Collaboration with NALSAR (See 'Corp Brief') Minister lays foundation stone of two projects of CCL (See 'Corp Brief') IBC - Failure to include specific agenda of withdrawal of Corporate Insolvency Resolution Process in Committee of Creditors meetings attracts penalization u/s 208 of Code: IBBI (See 'Legal Desk') RM to inaugurate DefConnect 4.0 (See 'Corp Brief') Arbitration - Referral court should limit its enquiry to examining whether Sec 11(6) application has been filed within period of limitation of three years or not: SC LB (See 'Legal Desk') IIPA should work in sync with Karmayogi program for training officers: Minister (See 'Corp Brief') PMLA - Stringent bail provisions and delay in trial can't go together: SC (See 'Legal Desk') Milk production is up by 57.62% in last 9 years: Union Minister (See 'Corp Brief') Cr P C-Precedent of another case alone shall not be basis for either grant or refusal of bail irrespective of nature and gravity of charge, though it may have bearing on principle: HC (See 'Legal Desk') Minister inaugurates HCL's Surda Mine Operations (See 'Corp Brief') PMLA, 2002 - Sezied documents which are relied upon documents in police case cannot be released by Court: Tribunal (See 'Legal Desk')

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Maritime State Development Council to drive Strategic Maritime Development and Sustainability

Published: Sep 13, 2024

By TIOLCorplaws News Service

NEW DELHI, SEP 13, 2024: UNION Minister of Port Shipping and Waterways, Sarbananda Sonowal, visited Mormugao Port to inspect the upcoming International Cruise Terminal. During his visit, he toured the construction site of the new terminal building and experienced the port's state-of-the-art facilities with a yacht ride. As part of the 'Ek Ped Maa Ke Naam' initiative, the Minister also planted a sapling in the premises of the Mormugao Port.

Additionally, he briefed the media about the 20th Maritime State Development Council (MSDC) meeting, which is set to take place today in Goa.

He mentioned, "Under the visionary leadership of Prime Minister Modi, MoPSW is advancing ambitious projects worth Rs 24,000 crore in Goa under Sagarmala  to transform India's maritime sector. The Maritime State Development Council will review the progress of these initiatives, including the Maritime India Vision 2030 and Amrit Kaal Vision 2047, as we align with our future targets. By bringing all stakeholders from coastal states together, MoPSW aims to create world-class infrastructure".

"With the new Cruise Terminal at Mormugao Port, we are setting a benchmark for excellence, aiming to provide the kind of facilities that will help us meet our target of 1.5 million cruise tourists by 2030", Sonowal added.

It is to be noted Sarbananda Sonowal, will preside over the 20th meeting of the Maritime State Development Council (MSDC), set to take place on 12th and 13th September 2024 in Goa. This crucial event will bring together Chief Ministers, Senior Ministers from Coastal States, and Administrators of Union Territories (UTs). Senior officials from all nine Coastal States, four UTs, and representatives from various Union Government Ministries and Departments will also be in attendance.

The 20th MSDC meeting will address several key maritime initiatives critical to India's maritime future. A primary focus will be the review of the Sagarmala Programme, assessing its progress and outlining future plans to drive port-led development. Strategic discussions will also be held on the National Maritime Heritage Complex (NMHC) in Lothal, Gujarat, highlighting efforts to preserve and showcase India's rich maritime history. The development of the country's inland waterway network will be another major topic, with proposals aimed at enhancing cargo and passenger transport being evaluated.

Additionally, the meeting will deliberate on improving road and rail connectivity to ports, facilitating smoother movement of goods and passengers. Innovative state-led initiatives will also be showcased, including Kerala Maritime Board's strategies to monetize dredging activities, Gujarat Maritime Board's urban development projects linked to port activity, and Andhra Pradesh Maritime Board's comprehensive master plan for maritime growth. Environmental sustainability will be a key theme, with a special focus on reducing pollution at Goa Port by curbing the handling of dirty cargo, aligning with broader efforts to promote cleaner, more sustainable port operations and enhance Goa's appeal as a destination for both tourists and residents.

In addition to the above, discussions will be held on the compliance status of Major and Non-Major ports, strategic plans to boost the shipbuilding and ship repair industries, the review of Sagarankalan guidelines, and improvements to the port ranking system in India.

The MSDC, established in 1997, serves as the apex advisory body for the development of India's maritime sector. Its primary aim is to promote the integrated growth of Major and Non-Major ports in close coordination with State governments. The Council, chaired by the Union Minister for Ports, Shipping, and Waterways, comprises Ministers responsible for ports from all Maritime States, Administrators of UTs, and key stakeholders, including representatives from the Navy, Coast Guard, and other agencies.

This pivotal gathering reaffirms the government's commitment to advancing India's maritime infrastructure, boosting port connectivity, and fostering sustainable growth for the maritime sector. The integration of Minor Ports with Major Ports and new proposals for roads, railways, and Inland Water Transport (IWT) will pave the way for a robust maritime economy.

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