Nadda Visits NIPER Mohali, Reviews Biopharma Research and Innovation (See 'Corp Brief') BIS publishes six New Standards for Priority Assistive Products (See 'Corp Brief') Atmanirbhar Panchayat Program to focus on strengthening financial self-reliance of Panchayats (See 'Corp Brief') Bharat Khera Assumes Charge as Secretary, Ministry of MSME (See 'Corp Brief') Pilibhit in UP to get India's first integrated Basmati, organic training-cum-demo farm (See 'Corp Brief') FTA integrates Ayurveda and yoga into modern trade frameworks (See 'Corp Brief') India Grounds $6.1 Billion Investments in FY26, Expects 31,000 Jobs (See 'Corp Brief') Companies Act - Continuation of Look Out Circular invalid where no FIR is registered against person, all prior travel permissions are complied with & no material exists to show likelihood of him absconding: HC (See 'Legal Desk') Op Sindoor demonstrates transition from diplomatic statements to concrete action on terror (See 'Corp Brief') NARCL contributes to improving recovery outcomes & unlocking value for lenders (See 'Corp Brief') IPR - Issues relating to validity of trademark registrations, alleged misrepresentation, and authenticity of documents would be examined at trial, if no party is able to establish substantial goodwill in their respective marks: HC (See 'Legal Desk') DRDO & Indian Navy conduct maiden successful Salvo launch of NASM-SR missiles (See 'Corp Brief') Sacred relics of Lord Buddha arrive in Leh, witnesses spiritual gathering (See 'Corp Brief') PMLA - Separate properties of another company or LLP cannot be attached merely because of shareholding linkage, absent demonstrated money trail to such properties: SAFEMA (See 'Legal Desk') Electrification of buses & trucks is essential for achieving India's decarbonisation targets (See 'Corp Brief') Health-Seeking Behaviour Strengthens as Proportion of Population Reported Ailing in 2025 Nearly Doubles (See 'Corp Brief') IBC - Minimum default threshold u/s 4 is met in case involving operational debt denominated in foreign currency, if foreign currency amount is converted into Indian Rupees with reference to exchange rate prevailing on date of invoice: NCLT (See 'Legal Desk') Railway Minister to Flag Off Extended Srinagar-Jammu Vande Bharat (See 'Corp Brief') Competition Act - Tender conditions & eligibility criteria are primarily within procurer's domain and, absent evidence that such clauses restricts competition or cause exclusionary harm, no intervention is warranted: CCI (See 'Legal Desk') Secretary, DFS Lauds MUDRA Schemes of Financial Inclusion with Public Sector Banks (See 'Corp Brief') Trade Mark - Defendants' conduct of running a coordinated fraudulent recruitment scheme, impersonating the plaintiffs & extracting money from each candidate, is deliberate exploitation of plaintiffs' goodwill & causes reputational harm: HC (See 'Legal Desk') CCI approves Mizuho Securities to acquire certain equity of Avendus Capital (See 'Corp Brief') SAFEMA - Certain transaction falls within ambit of benami transaction where appellants failed to produce supporting material, despite opportunity, to establish legitimate source of funds either in hands of lender or alleged contributors: SAFEMA TRIBUNAL (See 'Legal Desk') CCI approves merger of A1 Agri Global, B.N. Agritech & Salasar Balaji Overseas (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') CCI approves acquisition by MAIF in Maple IM, Maple PM & Maple Trust (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') World IP day - Govt announces 3-year fee waiver for sports-related IP registrations (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') Reining in Misuse of IBC for Recovery (See CORP EINSICHT)

Naidu oversees first Validation flight landing at Jewar Airport

Published: Dec 10, 2024

By TIOLCorplaws News Service

NEW DELHI, DEC 10, 2024: THE first validation flight successfully landed today at the Noida International Airport (NIA), marking a significant milestone in its journey toward operational readiness. The momentous occasion was graced by Civil Aviation Minister Ram Mohan Naidu, Member of Parliament Gautam Buddha Nagar Dr Mahesh Sharma, and Jewar MLA Dhirendra Singh. Operated by IndiGo, the flight touched down in the afternoon, receiving a ceremonial water cannon salute and a big round of applause, particularly from the site workers who have been integral to the project's progress. Senior officials including Secretary Ministry of Civil Aviation, Vumlunmang Vualnam, Chairman Airport Authority of India Vipin Kumar, Addl. Chief Secretary Uttar Pradesh S P Goyal were also present on the occasion.

The validation flight confirmed the airport's approach and departure procedures, ensuring the accuracy of navigational aids and air traffic control systems. Civil Aviation Minister Ram Mohan Naidu commended the efforts of the entire team involved and remarked that Jewar Airport is set to transform air travel and regional connectivity in India. He emphasized that the airport, which will open in 2025 with one operational runway and a terminal capable of handling 12 million passengers annually, will serve as a world-class facility while reflecting the cultural heritage and identity of Uttar Pradesh through its design, craftsmanship, and passenger services.

Minister Ram Mohan Naidu thanked the farmers of Jewar for their support, which was crucial in making the airport a reality and enabling Uttar Pradesh to have its 17th operational airport.

During his visit, the Minister conducted a review meeting with the airport operator and directed them to adhere strictly to project deadlines to ensure the airport becomes operational by April 2025. He stressed the need for Jewar Airport to deliver services that set new benchmarks, with infrastructure that is truly world-class and incorporates elements of local culture and craftsmanship. He also reviewed the progress of connectivity plans, including road, rail, and metro links, and discussed future high-speed rail connectivity, which could integrate the airport with the broader regional and national transportation network. The Minister paid special attention to sustainability measures, such as the use of solar energy to power the airport, reiterating the government's commitment to eco-friendly infrastructure development. 

The Minister underlined the immense economic potential of the project, which is expected to create thousands of jobs, boost tourism, and drive regional development in Western Uttar Pradesh. He expressed his gratitude to the site workers, acknowledging their hard work and dedication in bringing to life what will be Asia's largest airport. Ram Mohan Naidu also applauded the

vision of Prime Minister Narendra Modi, under whose leadership India is experiencing unprecedented infrastructural development, and the stewardship of Chief Minister Yogi Adityanath, whose efforts have ensured the swift execution of this landmark project. The Minister extended his best wishes to the Noida International Airport team and thanked IndiGo for operating the validation flight that set the stage for NIA's operational debut in 2025.

TIOL CORP SEARCH

TIOL GROUP WEBSITES