Labour Codes Ushering a New Era of Reforms Overall, the Codes are a welcome move and can be a game changer India was on a socialistic path initially before embarking upon liberalization. Quite naturally, there was a difference between the timing of those legislations and requirements of the day. Currently, India has legislations as old
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NCLAT Gives Direction of KS Oil’s Liquidation, Slams NCLT For lapse of 981 Days The National Company Law Appellate Tribunal (NCLAT) has directed the initiation of the liquidation process of leading integrated edible oil company KS Oils Ltd. The NCLAT bench headed by Acting Chairperson Justice BL Bhat allowed the appeal filed by the Resolution
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NCLAT: Legal Framework necessary for Supervisory Jurisdiction over NCLTs The National Company Law Appellate Tribunal (NCLAT) opined in the case titled Surinder Kaur & Ors. (Appellants) v. International Recreation and Amusement Ltd. (Respondent) that there is a need to vest in it the power of superintendence and control over the National Company Law Tribunals (NCLTs).
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Bombay High Court Expresses Concern over Unfinished Development Projects States it is ‘Alarming Situation as Many Citizens Are Homeless’ The Bombay High Court (HC) was hearing a plea filed by thirty-seven persons who had been homeless since 2015. The Court took judicial notice of the fact that developers have failed to complete slum schemes/redevelopment projects
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Delhi High Court Upholds Emergency Award Passed in Favour of Amazon Against Future-Reliance Deal, Imposes Cost on Future of 20 lakh The Delhi High Court (HC) on 18 March 2021 issued a show-cause notice (SCN) in the case titled Amazon.Com NV Investment Holdings LIC (Petitions) v. Future Coupons Pvt. Ltd. & Ors. (Respondents) to Kishore
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The Constitution Bench of the Hon’ble Supreme Court while hearing the challenge against Maratha Quota has delivered notice in a writ petition challenging 102nd Constitutional Amendment. The present writ petition is led by a political party based in Maharashtra and its leader. The Constitution (One Hundred and Second Amendment) Act, 2018, introduced Article 338B of
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How Cooperative Banks in India conduct NPA recovery? Recovery is a major role played by the bank, and in the case of non-performing assets, there are certain guidelines issued by RBI that should be complied with. What is NPA? A non-performing asset is an asset that formerly generated an income for the bank but has
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We’re pleased to inform you that Franklin Pierce Center for IP of the University of New Hampshire (UNH) School of Law is offering an Intellectual Property Summer Institute (IPSI) this summer in two sessions – May 24 to June 11, 2021 and June 14 to July 2, 2021. For further details, please see the announcement
... Continue Reading.[Ridhi Arora is a III Year B.A., LL.B (Hons.) student at Gujarat National Law University and Varun Singh a III Year B.A., LL.B (Hons.) student at Rajiv Gandhi National University of Law] On March 8, 2021, the Supreme Court of India in Gujarat Urja Vikas Nigam Limited v. Amit Gupta ruled that the provisions of
... Continue Reading.SUPREME COURT HOLDS THAT THERE WILL BE NO TRANSFER OF CASES ON THE GROUND OF ENHANCED PECUNIARY LIMIT UNDER THE CONSUMER PROTECTION ACT, 2019 Recently, the #SupremeCourt of India in the case of Neena Aneja and Others vs Jai Prakash Associates Ltd (Civil Appeal Nos. 3766-3767 of 2020), vide its Judgment dated 16.03.2021 held that
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