[Aniket Aggarwal is a commercial litigator and technology lawyer practicing in New Delhi] A prima facie look at the Prevention of Money Laundering Act, 2002 [“PMLA” or “the Act”] and the Insolvency and Bankruptcy Code, 2016 [“IBC” or “the Code”] belies exclusivity and distinctness between the legislations. Indeed, the Delhi High Court observed these laws
... Continue Reading.Month: March 2021
Supreme Court Advocate on Record: AOR Examination – Notification, Eligibility and Exam Pattern
Supreme Court of India has on Friday notified that the Advocate on Record examination 2021 will be held in the Supreme Court Premises on 8th, 9th, 10th, and 11th June 2021. All Advocates who will be completing one year’s continuous training on or before 30th April 2021 are eligible to appear for the aforesaid examination.
... Continue Reading.Valid, Void, And Voidable Marriages
The institution of marriage is an important subject matter to all human beings. Weddings are celebrated, acknowledged, and embraced by civilized society around the world. In India, the concept of marriage is much more cherished as it is believed to be a sacramental union between a man and a woman. Traditionally, marriage is an eternal
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ICICI-Videocon Money Laundering Case: Bombay High Court Grants Bail to Deepak Kochhar
ICICI-Videocon Money Laundering Case: Bombay High Court Grants Bail to Deepak Kochhar The Bombay High Court (HC) on 25 March 2021 granted bail to Deepak Kochhar, husband of Chanda Kochhar (former CEO of ICICI Bank) in the alleged ICICI Bank-Videocon money laundering case. Kochhar approached the HC after the Special PMLA Court rejected his bail
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Is insolvency and bankruptcy code exhaustive?
Is insolvency and bankruptcy code exhaustive? The Insolvency and Bankruptcy Code was introduced in 2016, but in practical implementation, there are certain disadvantages that are pointed out. How was Insolvency and Bankruptcy Code was enacted? Insolvency and Bankruptcy Code came into effect on 28th May 2016 for the consolidation and amendment of the laws for
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Trilegal pays special 1 month Covid salary for all on top of bonus after ‘exceptional’ financials • SAM, JSA unfreeze
Surprise bonus + bonus at Trilegal As many firms had frozen salaries (or recently unfrozen them), Trilegal has paid out an unconditional one month’s extra salary to all fee-earners and staff, on top of expected usual performance-related bonus payments and scheduled PQE increments, two sources with knowledge of the move have confirmed. Financial results at
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What is specific relief?
What is a specific relief? Certain times, if the contracted persons stop working as required, monetary compensation is not enough, because it is more important that the work be completed. The specific performance of a contract where there is no monetary relief rather grants an alternative remedy. In effect from 1st October 2018, the Specific
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Supreme Court Quashes FIR against Journalist Patricia Mukhim; Says ‘Free Speech Can’t Stifled By Implicating Citizens in Criminal Cases’
Supreme Court Quashes FIR against Journalist Patricia Mukhim; Says ‘Free Speech Can’t Stifled By Implicating Citizens in Criminal Cases’ The Supreme Court (SC) ruled on 25 March 2021, in the case titled Patricia Mukhim (Appellant) v. State of Meghalaya & Ors. (Respondents) that “Free speech of citizens’ of India cannot be stifled with criminal cases.”
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What are the provisions of transit anticipatory bail?
What are the provisions of transit anticipatory bail? The term transit anticipatory bail is not used much, but is an important provision under Sec. 438 of the CrPC, when a case is filed against a person in such jurisdiction of the state where he does not usually reside and is in some other state at
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What are the powers and restrictions on the Reserve Bank of India?
What are the powers and restrictions on the Reserve Bank of India? Reserve Bank of India is responsible to monitor and regulate the activities of all the Indian banks, through its monetary policy and observation power. The power is, however, is limited to a certain extent. Explain Reserve Bank of India. The Reserve Bank of
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