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State Industrial & Investment Corporation Of Maharashtra Appoints Senior Solicitor Ashok Paranjpe As New Additional Director freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
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The Mumbai bench of the National Company Law Tribunal (NCLT) has admitted the company under the Corporate Insolvency Resolution Process (CIRP) based on a petition filed by IDBI Trusteeship Services, on behalf of Altico Capital, after the company defaulted on its dues worth Rs 286 crore.
Top lawyers rake it in as courts move online
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Synopsis
Earlier, senior lawyers would often hop from one city to another in a day, often in private jets, but would still be able to attend only two cases at the most. That changed when courts went digital. In some cases, the top lawyers even increased their fees for virtual appearances.
Top lawyers are prospering even as most businesses their major clients are still suffering from the disruption casued by the pandemic. As courts moved online and senior counsels could attend four to five cases a day in different cities as a corollary, their fee income has shot up.