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SC Explains extension of IBC section 14 Bar to action under SARFAESI

June 14, 2022 6720 Views 0 comment Print

Understand the extension of IBC section 14 Bar to actions under SARFAESI. Learn how this ruling impacts enforcement of security interests in corporate debtor cases.

Flood & Inundation’ insurance includes damage by heavy rains: SC

June 14, 2022 4917 Views 0 comment Print

Coverage of ‘Flood & Inundation’ insurance includes damage caused by heavy rains and not just overflowing of river.

GST Council Recommendation Not Binding on Central & State Governments

June 13, 2022 6564 Views 1 comment Print

SC held that GST Council’s recommendations are not binding on Centre and states and have only persuasive value, Apex Court also strike down IGST levy on ocean freight under RCM

DRT cannot restrain a Debtor’s Fundamental Right to Travel Abroad

June 12, 2022 3201 Views 0 comment Print

Bombay High Court confirms the right to travel abroad is a fundamental right under Article 21, ruling the Debt Recovery Tribunal lacks the legal power to restrict it.

Online Gaming (Regulation) Bill, 2022

June 10, 2022 5541 Views 0 comment Print

Dive into the details of the Online Gaming (Regulation) Bill, 2022, introduced in response to the surge in online gaming during the COVID-19 pandemic. Explore key provisions, licensing requirements, and the establishment of the Online Gaming Commission. Stay informed about the evolving landscape of online gaming in India

Limitation Period runs from the date amount duly reflects in ledger as Outstanding & Payable

June 9, 2022 7551 Views 0 comment Print

Once the amount is properly reflected in the ledger as outstanding and payable, the Statute of  limitation begins on the following date.

Married Women’s Property Act, 1874- Provision Related to Insurance Proceeds

June 9, 2022 6450 Views 0 comment Print

Secure your familys financial future with the Married Womens Property Act, 1874. Learn how this legal provision safeguards insurance proceeds from creditors, ensuring your loved ones receive the benefits. Dont let debts compromise your familys well-being; understand the provisions and benefits of the MWP Act today. Discover the simple and cost-effective process to cover your life insurance policy under this act, providing long-term protection for your family.

Parties cannot rely upon definitions of ‘terrorism’ in penal statutes since Exclusion Clause contains an exhaustive definition: SC

June 6, 2022 879 Views 0 comment Print

SC held that Parties cannot rely upon the definitions of ‘terrorism’ in penal statutes since the Exclusion Clause contains an exhaustive definition.

NCLT /NCLAT should not Sit in A Appeal on Commercial Wisdom of COC: SC

June 6, 2022 2229 Views 0 comment Print

SC held that when 90% or more of the creditors decide that it will be in the interest of all the stake¬holders to permit Settlement Plan filed by promoter of the Corporate Debtor and withdraw Corporate Insolvency Resolution Process as per Section 12A of IBC, 2016, NCLT or NCLAT cannot sit in appeal over such commercial wisdom of Committee of Creditors.

A Person Purchase Goods or Services Exclusively For Self -Employment Is A Consumer: SC

June 4, 2022 3639 Views 0 comment Print

Supreme Court ruled that individuals buying goods or services for self-employment to earn a livelihood qualify as consumers under Consumer Protection Act.

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