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Corporate Law : The Court examined whether prior orders and perceived bias justified recusal and held they did not. It ruled that unsubstantiated ...
Corporate Law : The paper examines whether recent labour law reforms deliver real gender equality or merely formal compliance. It concludes that d...
Corporate Law : Explains that outsourcing does not transfer legal responsibility under the DPDP Act. Data fiduciaries remain fully liable for vend...
Corporate Law : The issue highlights mandatory annual return filing for LLPs. The key takeaway is that delayed filing attracts heavy daily penalti...
Corporate Law : The issue explains how businesses qualify as local suppliers under procurement rules. The key takeaway is that proper local conten...
Corporate Law : The amendments replace the consultation committee with CoC oversight, giving creditors greater control over liquidation decisions....
Corporate Law : The proposal focuses on enabling creditors to initiate resolution while retaining debtor management under supervision. It sets out...
Corporate Law : The amendments arise from the inclusion of a unified “service provider” definition under the Code. The move expands regulatory...
Corporate Law : The issue addressed is ambiguity in authentication and evidentiary value of financial information in insolvency cases. The propose...
Corporate Law : The proposal aligns grievance regulations with the newly introduced definition under the amended Code. It aims to ensure uniform a...
Corporate Law : The court directed payment for restoration costs after authorities admitted using private land. It held that such use affecting la...
Corporate Law : Allegations of an implied anti-competitive agreement between a regulator and a software provider were rejected. The Commission fou...
Corporate Law : The Court held that repeated dishonour of cheque and non-payment after notice established a prima facie case. It refused to quash ...
Corporate Law : Bank of India Vs Neurostar Hospital Private Limited (NCLT Mumbai) The application was filed under Section 7 of the Insolvency and ...
Corporate Law : The Tribunal held that appeals filed beyond the statutory 45-day limit cannot be entertained. It ruled that delay exceeding the co...
Corporate Law : The authority held that confusion arising from interim orders did not absolve the professional from taking proactive steps. The ca...
Corporate Law : IRDAI delegates Section 34 powers between Whole Time Members and Chairperson. The move aims to streamline enforcement actions and ...
Corporate Law : The Bill mandates seat allocation using updated census figures, replacing decades-old data. It ensures fair representation aligned...
Corporate Law : The notification addressed mandatory reinsurance cession for general insurance policies. It mandates 4% cession to GIC Re, ensurin...
Corporate Law : The government approved a major fund to enhance startup funding through AIFs. The scheme aims to strengthen innovation, especially...
A financial creditor may himself or through a joint application can file application for initiating insolvency proceedings against corporate debtor if the amount of default exceeds the threshold limit of INR 1 Crore. Financial creditor means a person to whom a ‘financial debt’ is owed. E.g. lenders
Q 1. What is the difference between Insolvency and Bankruptcy? An entity (individual, or a company) becomes insolvent when they are unable to pay back their lenders on time. Simply, when the assets fall short to pay off the existing liabilities. Whereas, Bankruptcy is a legal declaration of one’s inability to pay their debts. On filing of […]
Digital Signatures certificate (DSC) is a digital certificate establishes the identity of the holder. A digital signature is a type of asymmetric cryptography used to simulate the security properties of a handwritten signature on paper. It is like a PAN card or a passport and enables the holder to prove his identity. Usage: A Class 3 […]
We are the biggest Democracy of the world where the Government is Of the people, By the people and For the people. Ours is a welfare state with a Constitution which assures and guarantees its citizens a plethora of Fundamental Rights for a safe, better & dignified living. However, the apathy, irresponsibility & lack of […]
No mandatory directions, much less directions, can be issued to the State Legislature to include the legal services rendered by the advocates into essential services. The directions as sought by the Petitioner cannot be issued to the State Legislature to legislate in a particular manner,
‘A woman living in the society like a wife, also has the right to live with dignity along with the right of getting the means of subsistence from her husband or the man she is living with under section 125 of Crpc Act 1973. Such cases should be interpreted taking note of the changing legislative provisions to embrace the changing reality of the man-woman relationship in society.
Dear Friends, you all know that our world is full of uncertainties and risks. Some of these are man made and some made by All Mighty. In the meantime, whole world is facing unprecedented risk of life due to man made COVID-19 pandemic. This virus has changed our lives and forced us to stay in […]
As per Insolvency and Bankruptcy code 2016, there are two stages. 1) Resolution 2) Liquidation. The Liquidation order will be pronounced when the resolution of the insolvency is failed. Hence as per the code, the liquidation stage is final one. Liquidation order is once passed it is irreversible. Hence the Tribunals will pass the order […]
Life Insurers offering group credit life insurance schemes, where under, the members have availed moratorium on payment of EMIs are allowed to suitably modify the term and sum assured under such schemes, against collection of additional premium as may be required, in respect of such members, so that they may continue to be covered as per the revised loan repayment schedule.
Ministry of Environment, Forests and Climate Change has come out with Uniform Framework for Extended Producers Responsibility on 26th June 2020 and is open for public comment upto 31st July 2020. India generates approximately 25,000 to 30,000 tonnes of plastic waste every day. Approximately 10,556 tonnes of this waste remains uncollected and thus reaches landfills […]
