Companies Act - Delhi HC allows plea moved by Audit firms; No merit in challenge to Sec 132 of Companies Act based on arguments of vicarious liability, retroactive operation & violation of Art 20(1) of Constitution: HC (See 'Legal Desk') IBC - Raising money by issuance of convertible debentures with option to be later converted into equity shares, can be classified as 'financial debt' if default is committed by corporate debtor: NCLAT (See 'Legal Desk') Delhi High Court allowed pleas moved by CA/ Audit firms; No merit in challenging Section 132 of Companies Act based on arguments of vicarious liability, retroactive operation and violation of Article 20(1) of the Constitution Explanation to Section 132(4) in unambiguous and explicit terms provides that the expression 'professional or other misconduct' would have the same meaning as assigned to that phrase by Section 22 of the CA Act. Section 132 does not create a new species of misconduct nor does it create a liability which was otherwise not contemplated under a pre-existing legislation. (Para 205) Section 132 does not create a new disqualification or create a novel set or category of misdemeanors to constitute professional or other misconduct. (Para 209) MoD inks Rs 10,147 Cr contracts with EEL, MIL & BEL for rockets (See 'Corp Brief') IBC - Bar on filing CIRP applications applies only to defaults that occur within moratorium period: HC (See 'Legal Desk') Number of commodities on e-NAM platform reaches 231 (See 'Corp Brief') IBC - Last payment made by corporate debtor within period of limitation amounts to acknowledgment u/s 19 of Limitation Act: NCLAT (See 'Legal Desk') BIS & British Standards Institution discuss hydrogen standardization (See 'Corp Brief') TM- When adoption of mark is tainted with bad faith, no amount of subsequent use can cleanse vice of dishonest adoption: HC (See 'Legal Desk') IICA, CMAI sign MoU to enhance capacity for decarbonisation (See 'Corp Brief') IBC - Resolution applicant shall obtain approval of Competition Commission of India under CCI Act prior to approval of such resolution plan by committee of creditors under IBC: SC LB (See 'Legal Desk') India-Japan Dialogue organized to strengthen bilateral cooperation in Steel Sector (See 'Corp Brief') Misc - Earnest money forfeited upon flat booking cancellation must be reasonable and not excessive enough to be considered as penalty u/s 74 of Contract Act: SC (See 'Legal Desk') MoS reaffirms India's commitment to global pharmaceutical standardization (See 'Corp Brief') A&C - Pendency of civil & criminal litigation inter se partners, cannot estop one of partners from invoking arbitration clause or bar reference of dispute for adjudication to arbitrator for determination: HC (See 'Legal Desk') Potassium derived from Molasses can be used by farmers: Minister (See 'Corp Brief') Arbitration Act -There is no bar to avail remedy u/s 9 of Arbitration Act: HC (See 'Legal Desk') Vesting Orders for 7 Coal Mines issued (See 'Corp Brief') IBC - Cause of action for initiating proceedings u/s 7 of IBC arises when debt is acknowledged by debtor: NCLAT (See 'Legal Desk') CCI okays acquisition of stake in POSCO India by POSCO India Processing Center (See 'Corp Brief') 'Haj Suvidha App' is for convenience of pilgrims: Rijiju (See 'Corp Brief') Arbitration Act - If respondent had waived right to raise objection regarding legal capacity of applicant to move application for appointment of Arbitrator, he cannot be permitted to raise objection at belated stage: HC (See 'Legal Desk') Bharat Tex is perfect example of industry-govt collaboration: Textiles Secretary (See 'Corp Brief') Web-portal enables citizens to participate in Youth Parliament program (See 'Corp Brief') BIS hosts Annual Convention in Healthcare Sector (See 'Corp Brief') SARFAESI - Claims of secured creditor precede claims of Sales Tax/VAT Departments; charge created by Sales Tax Department subsequent to charge created by bank under SARFAESI Act, lacks legal standing: HC (See 'Legal Desk') Unlocking creativity through Trailer Making Competition (See 'Corp Brief') India's First Ferret Research Facility dedicated to Nation (See 'Corp Brief') IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016- There is fiduciary angle to relationship between IP and IBBI: IBBI (See 'Legal Desk') IEPFA signs MoU with Association of Chartered Certified Accountants (See 'Corp Brief') Secretary chairs Stakeholders' Meeting to review preparations of India Steel 2025 (See 'Corp Brief') IBC - Non Fund Based facilities cannot be refused to be disbursed when approved Resolution Plan contains clause for their disbursement: NCLAT (See 'Legal Desk') Govt taking steps for Door-to-Door gas supply through pipeline (See 'Corp Brief') PMLA - Court woud not interfer with order passed as apellant fails to give explanation for embezzlement of funds: TRIBUNAL (See 'Legal Desk') Business trusts to pay tax at maximum marginal rate (See 'Corp Brief') Focus on nuclear energy to strengthen power infra: Manohar Lal (See 'Corp Brief') A&C - Mere existence of arbitration clause in agreement does not bar jurisdiction of civil court automatically: HC (See 'Legal Desk') Budget proposes surcharge levy on firms (See 'Corp Brief') A&C - Award without reasons would suffer from patent illegality as it completely ignores vital provisions of the agreement: HC (See 'Legal Desk') Budget offers incentives for International Finances Services Centre units (See 'Corp Brief') IBC - Copy of Resolution Plans submitted by other Prospective Resolution Applicants cannot be shared in advance with suspended management of corporate debtor, if suspended management is also RP: NCLAT (See 'Legal Desk') 'Bharattradenet' for global trade to be set up for trade financing (See 'Corp Brief') Arbitration Act - Court to appoint independent sole arbitrator as appointment procedure choosed by parties is no longer valid: HC (See 'Legal Desk')

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India Energy Week 2025 to redefine Global Energy Dialogue

Published: Jan 14, 2025

By TIOLCorplaws News Service

NEW DELHI, JAN 14, 2025: BUILDING the remarkable success of its previous two editions, India Energy Week 2025 (IEW'25), the flagship energy event of Government of India, is being held under the patronage of the Ministry of Petroleum and Natural Gas, organised by Federation of Indian Petroleum Industry (FIPI), from 11th to 14th February 2025 at the Yashobhoomi Convention Centre, New Delhi.

The first major global event of the energy calendar, IEW 2025, is poised to be the most comprehensive and inclusive global energy gathering of the year.

Since its inception in 2023, the India Energy Week has grown from strength to strength. IEW 2025 has surpassed other international energy events. This year's edition marks a significant leap over its predecessor, showcasing elevated leadership participation and more dynamic discussions.

A noticeable improvement is in the seniority of speakers year on year with around 70 CEOs of prominent International and domestic Energy majors underlying the growing global appeal of the event. IEW will be bigger than ever with unparalleled global participation, including 20+ Foreign Energy Ministers and Deputy Ministers representing advanced economies, largest energy producers, and key nations of global south. The event will also feature Heads of leading International Organizations and 90 CEOs from some of the world's largest Fortune 500 energy companies including bp, Total Energies, Qatar Energy, ADNOC, Baker Hughes and Vitol.

IEW 2025 Incorporates seven key strategic themes (Collaboration, Resilience, Transition, Capacity, Digital Frontiers, Innovation, Leadership) with greater emphasis on pragmatic solutions for decarbonization, energy equity, and low-carbon economies.

The inclusion of 20 thematic categories this year, compared to 18 in 2024, highlights a broader focus on cutting-edge issues such as AI, digitalization, and maritime decarbonization. The conference's structured stages-Resilience and Transition-align perfectly with India's dual goals of energy independence and decarbonization, ensuring relevance to global and national agendas alike.

The event is expected to have participation from over 70,000 delegates from 120 countries, 700+ exhibitors, and 10 country pavilions United States, United Kingdom, Germany, Italy, Japan, Russia etc. and 8 thematic zones, this flagship event will provide a premier platform to drive the global energy dialogue, showcase breakthrough technologies, and foster international collaboration for a sustainable energy future.

In IEW2025 we have seen a 29% increase in abstract received and a 24% increase in speaker participation, emphasizing IEW's stature as a platform for industry innovation. Sessions now cover vital topics like future clean power pathways, grid-scale energy storage, and methane mitigation technologies, reflecting the industry's forward-looking priorities.

The event will witness robust participation from key Indian energy ministries, including the Ministry of Power, Ministry of New and Renewable Energy (MNRE), NITI Aayog, and the Ministry of Mines and Minerals. This reflects a whole-of-government approach, ensuring seamless collaboration and comprehensive engagement across the entire energy sector, underscoring India's commitment to integrated and inclusive energy solutions.

The event will place a special emphasis on showcasing India's transformative efforts across the entire energy landscape including strengthening energy security and promoting energy justice, amplifying the voice of the Global South, and unveiling the immense investment opportunities within India's hydrocarbon sector. It will also spotlight India's advancements in renewable energy and cutting-edge technologies such as battery storage, 2G and 3G biofuels, green ammonia, and hydrogen production, positioning the nation as a global leader in sustainable and innovative energy solutions.

Highlighting the significance of this prestigious event, Pankaj Jain, Secretary, Ministry of Petroleum and Natural Gas, remarked, "IEW 2025 offers a platform where global stakeholders can freely exchange ideas, explore opportunities, and witness India's leadership in navigating complex energy transitions. As a springboard for collaboration on key energy projects, including green hydrogen technologies, solar innovations, or advanced exploration techniques, this event represents a crucible of global energy innovation."

IEW 2025 will feature impactful side events to foster global collaboration and innovation in the energy sector. Key among them is the Clean Cooking Ministerial, which will focus on accelerating the global adoption of clean cooking solutions. This event offers India an opportunity to showcase its success stories, such as the Pradhan Mantri Ujjwala Yojana (PMUY), as a model for driving access to clean cooking energy.

Additionally, IEW 2025 will host high-impact conferences and roundtables to advance India's energy transition and improve ecosystem efficiencies like International Conference of Petroleum and Natural Gas Regulatory Boards - 2025 by PNGRB, a session on Decarbonization of India's Transport moderated by Bloomberg, and a roundtable on AI for Energy moderated by S&P Global Commodities solidifying IEW'2025 as a hub for actionable insights, transformative innovation, and strategic partnerships in the global energy landscape.

In line with India's commitment to fostering a thriving startup ecosystem and promoting innovation, IEW 2025 will host the Avinya Energy Startup Challenge 2.0. The top five startups from this challenge will gain exclusive access to showcase their cutting-edge solutions at the event, significantly boosting their global visibility and impact.

The winners of the Technical Papers presentation, selected from nearly 3,000 submissions, will have the opportunity to present their groundbreaking solutions.

Highlighting the skilled human capital available in the country, special stress is being laid on engaging students and educational institutions in the event. Special workshops/masterclasses are being organised by international experts for students/entrepreneurs/innovators in India. These masterclasses are being provided free of cost.

Exhibition entry is free on all days for visitors.

More than just a conference, IEW has distinguished itself as one of the most comprehensive and most significant energy events organized by a major energy-consuming country, and it is now the fastest-growing energy event globally. IEW,25 will build on this momentum, marking a watershed moment in the global energy dialogue.

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