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Business entities are generally used resources of society in their development. They are utilising various resources such as human, infrastructure, minerals, water, environmental etc., in their business activities. They are running their business and trade with help of social as well as governmental support. The common society provides th...
Read MoreSince its inception, the Insolvency and Bankruptcy Code, 2016 (hereinafter referred to as “the Code”) has ushered in a new financial culture, which is responsive and vibrant. The Code has yielded positive outcomes by way of bringing in a systematic and institutionalized framework in restructuring of stressed assets from the debt-ridde...
Read MoreThe Insolvency and Bankruptcy Code, 2016 (Code) is a Codification of Sections of various previous Acts to deal with corporate insolvency and bankruptcy. Hailed as a comprehensive economic reform, IBC was hailed as the fastest and most effective tool to recover bad debt....
Read MoreWhether a government company can be subjected to insolvency under IBC The NCLT Mumbai Bench has, in the case of Harsh Pinge Vs Hindustan Antibiotics Limited, dismissed the application by operational Creditor under Section 9 of the IBC, on the ground that the Corporate Debtor i.e. Hindustan Antiboitics Ltd being a Government Company, is a...
Read MoreConflict of interest (COI) occurs when an entity is in a position to exploit its official or personal capacity in some way for personal or corporate benefit. Few instances in which Conflict of interest arises under Insolvency and Bankruptcy Code, 2016 : 1. A prime example where conflict of interest can arise is between the […]...
Read MorePublic comments are therefore hereby solicited on the draft Competition (Amendment) Bill, 2020. Copy of the CLRC Report, Competition Act, 2002 as well as Draft Competition (Amendment) Bill may be accessed at the web link mentioned below and comments, if any, may be submitted online therein by end of business hours on 06th March, 2020 posi...
Read MoreIn order to further increase digital collection of user fee via FASTag at NH fee plazas, National Highways Authority of India (NHAI) has decided to waive off the FASTag cost of Rs.100/- for NHAI FASTag between 15th and 29th February, 2020. Road users can visit any authorised physical point-of-sale locations with a valid Registration Certi...
Read MoreThe Constitution (Amendment) Bill, 2020 (insertion of new article 47A) was introduced by Shri Anil Desai as Private Members’ Bill in Rajya Sabha on 7th February 2020. It says that The State shall promote small family norms by offering incentives in taxes, employment, education etc. to its people who keep their family limited to two [&...
Read MoreUnder PDS reforms, a scheme on “Integrated Management of Public Distribution System (IM-PDS)” is being implemented w.e.f. April 2018 in all States/UTs including Tamil Nadu. The main objective of the scheme is to introduce nation-wide portability of ration card holders under National Food Security Act, 2013 (NFSA), through ‘One N...
Read MoreArticle compiles Guidelines on Clinical management of severe acute respiratory illness (SARI) in suspect/confirmed novel Coronavirus (nCoV) cases, Updated Travel advisory for travelers visiting China (to replace previous travel advisory), Guidance on Surveillance for human infection with 2019-nCoV, Guidelines for Infection Prevention and ...
Read MoreSant Prasad Seth Vs State of U.P. (Allahabad High Court) - Sant Prasad Seth Vs State of U.P. (Allahabad High Court) Withholding of post death dues for years together is not only illegal and arbitrary but a sin if not an offence since no law has declared so. The officials, who are still in service and are instrumental in such delay causing harassment must ho...
Read MoreAdministrator Jammu Municipality and Anr. Vs Swarn Theatre and Ors. (Supreme Court) - The applications for condonation of delay in filing and refiling will be dismissed and then direct the State administration to hold an inquiry into the aspect as to who is responsible for such inordinate delay and take suitable action against the officers concerned....
Read MoreLiberty House Group Pte. Ltd. Vs State Bank of India & Ors. (NCLAT Delhi) - Liberty House Group Pte. Ltd. Vs State Bank of India & Ors. (NCLAT Delhi) Mr. Virendra Ganda, learned Senior Counsel for the Appellant(s) submits that the amount in terms of the earlier order dated 21st January, 2020 has been paid. Mr. Joy Saha, learned Senior Counsel appearing on behalf of ‘C...
Read MoreMaharashtra Seamless Limited v. Padmanabhan Venkatesh & Ors (Supreme Court) - Issue 1: Whether the scheme of the Code contemplates that the sum forming part of the resolution plan should match the liquidation value or not? Issue 2: Whether Section 12-A is the applicable route through which a successful Resolution Applicant can retreat?...
Read MoreRahul Chaudhary Vs Andhra Bank and Ors. (Delhi High Court) - The insertion of sub-section (1A) in Section 14 of SARFAESI Act, the only change that has been brought about is that the District Magistrate/CMM has now the discretion to appoint even their subordinate officers as receivers. Pertinently, sub-section (1A) of Section 14 does not bar the appointment of...
Read MoreOrder No. 30/27/2018 - (21/02/2020) - Constitution of a committee for recommending Rules & Regulatory framework for smooth implementation of proposed Cross Border Insolvency provisions in the Insolvency & Bankruptcy Code, 2016...
Read MoreNotification No. G.S.R.132 (E). - (20/02/2020) - Employees' Pension (Amendment) Scheme, 2020- 12B. Restoration to normal pension in cases of grant of commutation. – The normal pension in respect of those members who availed the benefit of commutation of pension under the erstwhile paragraph 12A of this Scheme, on or before the 25th day of Septem...
Read MoreNo.F.18/4/2020-PPD - (19/02/2020) - To address the issue of contractors going in default of contract obligations on account of delays in input shipments from China on account of Coronavirus. Dept. of Expenditure vide its O.M. dated 19.2.2020 has advised Ministries, disruption of supply chain due to spread of Coronavirus in China or ...
Read MoreNotification No. G.S.R. 123(E) - (17/02/2020) - (1) These regulations may be called the Indian Boiler (Amendment) Regulations, 2020. (2) They shall come into force on the date of their final publication in the Official Gazette....
Read MoreOrder No. S.O. 738(E) - (14/02/2020) - (1) This Order may be called the Flat Transparent Sheet Glass (Quality Control) Order, 2020. (2) It shall come into force with effect from 17.08.2020....
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Narendra Vs Balbirsingh (Bombay High Court) -
D. K. Chandel Vs Wockhardt Ltd. & Anr. (Supreme Court) -
N. Motilal & Ors. Vs Faisal Bin Ali & Anr. (Supreme Court) -
Mr. M. Ravindranath Reddy Vs Mr G. Kishan & Ors. (NCLAT) -
Order No. 30/27/2018 - (21/02/2020) -
Sant Prasad Seth Vs State of U.P. (Allahabad High Court) -
