Diaspora vital connectors between India and global innovation ecosystems: MoS (See 'Corp Brief') Srinagar Khel Sankalp affirms unified commitment to athlete-centric sports ecosystem (See 'Corp Brief') IBC - If corporate debtor is solvent & functioning company, then insolvency process invoked only to secure payment of individual dues by initiation of CIRP, amounts to misuse of IBC as recovery mechanism: SC (See 'Legal Desk') Reining in Misuse of IBC for Recovery (See CORP EINSICHT) SAMAVESH Portal, NMBA 2.0, SETU and SMILE Beggary Apps Launched at Chandigarh Shivir (See 'Corp Brief') PMLA - Attachment of a residential property upheld where Act itself permits attachment not only of property directly acquired from proceeds of crime, but also of untainted property representing equivalent value where actual proceeds of crime are unavailable or untraceable: HC (See 'Legal Desk') Veep urges Youth to become Job Creators and Nation-Builders (See 'Corp Brief') CCIC launches 'Soul Threads' - A Heritage Designer Collection Celebrating Artisanal Legacy (See 'Corp Brief') IBC - If statutory authority, during subsistence of moratorium u/s 14, directs bank to place lien on bank accounts of Corporate Debtor, and bank acts on same, it would amount to execution against Corporate Debtor and is barred by Sec 14: NCLT (See 'Legal Desk') IPR - As Constitutional Court under Article 215 of Constitution, appropriate orders are warranted to ensure that its directions are not taken in perfunctory or dismissive manner: HC (See 'Legal Desk') Prohibition of Benami Property Transactions Act, 1988 - Mere involvement of cash does not exclude transaction from ambit of benami, particularly where source is undisclosed & transaction is structured to legitimize unaccounted money during demonetization: SAFEMA Tribunal (See 'Legal Desk') PMLA - Mere fact that some allegations in predicate FIR were quashed, or that attached property was allegedly purchased before crime period, did not invalidate attachment if companies were recipients of proceeds of crime: SAFEMA (See 'Legal Desk')

Plastic pollution: India favours avoiding overlap of proposed Instrument

Published: Nov 29, 2024

By TIOLCorplaws News Service

EW DELHI, NOV 29, 2024: THE Indian delegation, participating in the 5th session of the Intergovernmental Negotiating Committee (INC-5), called upon member States to develop clear scope and principle for the new International legally-binding instrument on plastic pollution. This would allow the new treaty to be effective and workable at the international level. The INC-5 is being held from 25th November to 1st December, 2024, at Busan (Republic of Korea).

The Indian delegation highlighted the importance of having clear scope of the new instrument, and stated that the new instrument must draw the mandate on scope from the resolution adopted by 5th session of United Nations Environment Assembly (UNEA) in 2022, in order to address plastic pollution.

Further, India highlighted that there should not be any overlap with mandates of other multilateral environmental agreements such as Basel, Rotterdam and Stockholm Conventions and international bodies like World Trade Organization. Such an approach would allow to focus negotiations on the areas, not covered under already existing any international instrument or body, specifically with reference to addressing plastic pollution.

The Indian delegation also emphasized the need for the new international legally-binding instrument to be understood, acted upon, implemented, reported and evaluated, following the principles of the Rio Declaration on Environment and Development. Special emphasis was laid on the principles common but differentiated responsibilities, national circumstances, priorities and capabilities of developing countries, right to development and in consistency with international agreements or instruments. 

While recognizing the non-paper prepared by the Chair of INC as valuable document to facilitate negotiations at INC, the Indian delegation mentioned during the plenary session that these important articles were missing in the third iteration of the non-paper, while they were present in compilation text adopted by fourth session of INC held in Ottawa. The Indian delegation called upon the INC Chair to include discussions on these important articles during the fifth session of INC in Busan.

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