January 13, 2018 In Blog, Uncategorized

UPHEAVAL IN THE SUPREME COURT OF INDIA

In the most unprecedented events in the history of the Supreme Court (SC) of India, four senior most SC Judges, namely Justice Jasti Chelameswar, Justice Ranjan Gogoi, Justice Kurian Joseph and Justice Madan B Lokur have publicly aired,…

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January 13, 2018 In Blog, Uncategorized

100% FDI IN SINGLE BRAND RETAIL TRADING SECTOR WILL BOOST INVESTMENTS IN INDIA

The Government made a major move to attract more foreign direct investment(FDI) into the country by relaxing FDI norms in key sectors which are as follows: 100 per cent FDI under automatic route in single brand retail trading…

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January 6, 2018 In Blog, Uncategorized

DEBATE OVER TRIPLE TALAQ BILL IN RAJYA SABHA

  The Muslim Women (Protection of Rights on Marriage) Bill, 2017 also known as the Triple Talaq Bill (“the Bill”) failed to make any progress in the Rajya Sabha in the winter session of Parliament on Thursday, 4th January…

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January 6, 2018 In Blog, Uncategorized

NCLT RULING ON NON-DEFAULTING PROMOTER/GUARANTOR IN INSOLVENCY PROCESS

In a recent case of RBL Bank Limited vs. MBL Infrastructures Limited 2017, the National Company Law Tribunal (NCLT) Kolkata Bench has passed on Order with regard to non-defaulting promoters/guarantors who endeavor to save their companies. Herein, the…

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January 4, 2018 In Blog, Uncategorized

LAW MINISTRY OF INDIA APPROVES FUGITIVE ECONOMIC OFFENDERS BILL, 2017

The Law Ministry of India has given its concurrence to a draft of Fugitive Economic Offenders Bill, 2017 (Bill)that will give powers to the Government to confiscate property of economic offenders and defaulters who flee India. The Bill…

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December 23, 2017 In Blog, Uncategorized

SUPREME COURT REMOVES TWO THRESHOLD BARS UNDER THE INSOLVENCY AND BANKRUPTCY CODE 2016

In a recent case of Macquarie Bank Limited vs. Shilpi Cable Technologies Ltd. 2017 SCC OnLine SC 1493, the Supreme Court has removed two threshold bars to the processing of an application under Section 9 of the Insolvency…

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December 18, 2017 In Blog, Uncategorized

ARBITRATION AND SARFAESI PROCEEDINGS CAN BE CARRIED SIMULTANEOUSLY FOR RECOVERY OF LOAN ARREARS

On Thursday, 7th December, 2017 the Delhi High Court in the case of Lalit Mohan Madhan and Ors. vs. Reliance Capital Ltd., held that arbitration and SARFAESI proceedings can be carried simultaneously for recovery of loan arrears. Justice…

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December 18, 2017 In Blog, Uncategorized

BOMBAY HIGH COURT UPHOLDS THE VALIDITY OF REAL ESTATE (REGULATION AND DEVELOPMENT) ACT

The Bombay High Court ruled on Wednesday, 6th December, 2017 in the matter of Neelkamal Realtors Suburban Pvt. Ltd. and Anr. vs. Union of India and Ors., that all provisions of the Real Estate (Regulation and Development) Act…

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December 14, 2017 In Blog, Uncategorized

NATIONAL GREEN TRIBUNAL IMPOSES PENALTY FOR POLLUTING RIVER YAMUNA

The National Green Tribunal (NGT) New Delhi has recently heard the matter involving severe environmental damage caused to the flood plains of River Yamuna. The NGT had earlier in 2015 approved the Delhi Jal Board’s project for cleaning…

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December 2, 2017 In Blog, Uncategorized

SUPREME COURT ISSUES DIRECTIONS ON ROAD SAFETY

The Supreme Court, on Thursday, 30th November 2017 issued guidelines to reduce the number of deaths that occur as a result of road accidents and directed States and Union Territories to implement Road Safety Policy dated 2010 with…

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