Month: September 2020

NEW DELHI: A Delhi court has reserved its order on a plea seeking prosecution of app-based cab service providers, including Ola and Uber, for allegedly not adhering to rules to raise fares. Metropolitan Magistrate Abhilash Malhotra said he would pronounce on July 29, the order on the complaint by an NGO seeking summoning of the

Indian banks are saddled with bad debt and as the banking industry goes about recovering about Rs 8 lakh crore in doubtful loans, the new Insolvency and Bankruptcy Code is expected to provide the much needed teeth to the financial institutions. Aspects like a time bound recovery period for corporates, simpler ways for creditors to

NEW DELHI: A Delhi court on Monday summoned as accused app-based cab service providers, including Ola and Uber, for allegedly violating permit rules. Metropolitan Magistrate Abhilash Malhotra summoned ANI Technologies Pvt Ltd which runs Ola, Uber India Systems Pvt Ltd and Serendipity Infolabs Pvt Ltd which runs ‘Taxi For Sure’ and directed their authorised representatives

By Pramod Bhasin Ever since the Indian economy opened its doors to liberalization, growth of our economy has been dependent on new enterprises that created trends seizing opportunities. What’s glorious about man’s will and the Indian startup culture is that they were never dependent on government’s fiat and tapped on consumer demand by solving a

In a well-reasoned, well-analysed, well-drafted and well-articulated judgment titled Neelam Manmohan Attavar vs Manmohan Attavar (D) Thr LRs Transferred Case (Criminal) No. 1 of 2020 delivered on September 3, 2020, the Supreme Court has held that a writ petition under Article 226 of the Constitution would not be maintainable in order to challenge an order

By Varun Sriram The shares and other securities of a company can be held either in physical form (in the form of share certificates) or in a de-materialised form (electronic form). Securities of listed companies are normally in demat form. Demat securities of an investor are held in a demat account opened through a registered

By Varun Sriram The Foreign Investment Promotion Board (FIPB) has been abolished and wound-up by the Government of India recently. The FIPB was initially constituted under the Prime Minister’s Office (PMO) at the time of economic liberalization in the early 1990s. For over a decade now, the FIPB had been part of the Department of

Common-Law Admission Test (CLAT) is an offline test for admissions in National Law Universities to undergraduate law programmes. There are 21 National Law Universities (NLU’s) in India. CLAT is an offline pen-paper mode test which is conducted every year. Preparing for CLAT is not as easy as it’s the most challenging entrance exam for law

The Maternity Benefit Act was passed to regulate the employment of women in certain establishments for certain periods before and after child-birth and also to provide for Maternity Benefit and certain other benefits. This Act was enacted on the basis of ARTICLE 39(e) and ARTICLE 39(f) of the CONSTITUTION OF INDIA, 1950 where it was

Settlement of industrial disputes is very necessary to improve the industrial relation in the organisation. To increase the rise and growth of trade unions evolved a device of collective bargaining to resolve their disputes by negotiation between the two parties without the help of any arbitrator. It is always been concerned with the relation between