[Neha Sinha is a 3rd Year B.A. LL.B. student at National University of Study and Research in Law (NUSRL), Ranchi] In an order dated February 26, 2020, the Securities and Exchange Board of India (SEBI) imposed penalty on Muthootu Mini Financiers Ltd. (MMFL) in a matter relating to misleading advertisement made to the public at
... Continue Reading.Month: March 2020
21 days lockdown announced, what the research says: An insight
India’s Prime Minister Narendra Modi on 24 March 2020 on 8.00 pm while addressing nation, has imposed a nationwide lockdown in an attempt to slow the spread of the coronavirus. Purpose: To curb growth in infections, the central government had been working with the nation’s 36 states and territories to impose curfews and lockdowns. Key
... Continue Reading.Shaheen Bagh people write to Supreme Court judges alleging protest site’s destruction amid coronavirus
Shaheen Bagh people write to Supreme Court judges alleging protest site’s destruction amid coronavirus People protesting in Shaheen Bagh, mostly women, against the citizenship amendment act (CAA) have written to the SC Judges. The protestors who were peacefully carrying out the protest since 15 December 2019, left the protest site two days after the imposition
... Continue Reading.Death By Rash Driving: Delhi HC Holds Debarment From Obtaining Driving Licence For Life As Excessive Sentence.
In a balanced, brilliant and bold decision, the Delhi High Court has just recently on March 12, 2020 in a latest, landmark and extremely laudable 15-page judgment titled Sunil Kumar Mishra vs. State in Crl. Rev. P. 494/2017 which is pertaining to death caused due to rash and negligent driving has very
... Continue Reading.Competition Law and the Deep Discounting Conundrum
[Akanshha Agrawal is a III year student at the National Law University, Delhi An earlier version of this post was published by the Kluwer Competition Law Blog] The changing market dynamics in the digital era have raised several concerns with competition regulators across the world, triggering a host of studies for a better understanding the
... Continue Reading.Refugee Can Pursue Claim For Damages Against Government For Illegal Detention: UK SC
In a fresh development with far reaching consequences, the United Kingdom (UK) Supreme Court has most recently, most remarkably and most rightly held in a latest, landmark and extremely laudable judgment titled R (on the application of DN (Rwanda)) (Appellant) v Secretary of State for the Home Department (Respondent) [2020] UKSC 7 that was delivered
... Continue Reading.PERIOD OF LIMITATION STARTS FROM THE DATE OF DEFAULT, NOT FROM THE DATE OF DECREE: NCLAT
Saturday February 15, 2020. BY Risha Shah | Insolvency and Bankruptcy Code In a recent judgment Sh G Eswara Rao vs. Stressed Assets Stabilisation Fund[i] National Company Law Appellate Tribunal (“NCLAT”), the appellate tribunal under the Insolvency & Bankruptcy Code, 2016 (“I&B Code”) held that period of limitation of three years for filing an application
... Continue Reading.ENFORCEABILITY OF EXPARTE FOREIGN JUDGMENTS IN INDIA
Saturday February 15, 2020. BY | Debt Recovery The Government of India on 17th January 2020 notified UAE as a ‘reciprocating territory’ for allowing enforcement of judgments passed by UAE courts in India. This notification is issued following execution of India-UAE Agreement in 1999 (“Agreement”) for judicial cooperation in civil and commercial matters. There is
... Continue Reading.The Indian Stamp Act, 1899 – Amendments-w.e.f. April 1, 2020
Wednesday February 12, 2020. BY Puja Agrawal | Commercial/Corporate “The amendment propose to create the legal and institutional mechanism to enable states to collect stamp duty on securities market instruments at one place by one agency (i.e. through the Stock Exchanges or Clearing Corporations authorized by the stock exchange or by the Depositories) on one
... Continue Reading.LLP Settlement Scheme 2020, How to File Pending (Due) Returns
The Ministry of Corporate Affairs has launched a one time settlement scheme for LLP’s ” LLP Settlement Scheme 2020″ , This scheme allows one time settlement period for LLP such defaulting LLP’s that are not able to file Form3, Form4, Form8 and Form 11 within due date. Non filing of LLP forms incur Additional fee
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