Guest Post: Reasons to Get Life Insurance Insurance can be complicated, and determining what you truly need or desire can be difficult. However, we have several reasons why you should get life insurance. The older we get, as we marry, establish families, and get into businesses, the more we realize that life insurance is an
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Arbitral Award Without Findings Cannot Be Remitted under Section 34(4)
[Raghav Bhatia is an Advocate practising at the Supreme Court of India] Recently, in I-Pay Clearing Services Pvt. Ltd. v ICICI Bank Limited, the Supreme Court of India has observed that under section 34(4) of the Arbitration and Conciliation Act, 1996 (“Act”), a court cannot remit the matter back to arbitral tribunal where no findings at
... Continue Reading.Shifting Sands: Determining the Onus of Proof for Gainful Employment
[Shivankar Sukul and Mudit Burad are fourth year students at National Law University Jodhpur pursuing the course of BBA-LLB (Hons.)] Section 11A of the Industrial Disputes Act, 1947 (“ID Act”) vests the court with the power to set aside the order of dismissal and direct reinstatement in cases it considers such order to be illegal.
... Continue Reading.Widening Chasm between Director Remuneration & ESG Investment in India
[Divyanshu Sharma is a 3rd Year BA LLB (Hons.) student at National Law University, Delhi] The debate regarding the disparity in director remuneration between professional and promoter-group directors has been reignited in a recent study conducted by Institutional Investor Advisory Services. The study has unearthed numerous instances wherein the remuneration granted to promoter CEOs in
... Continue Reading.Social Impact Investing in India- A Road Less Travelled
[Aashna Soman is a 5th-year B.A., LL.B. (Hons.) student at ILS Law College, Pune] The concept of impact investing arose to fill the lack of public resources to fund development programs in financially poor countries. Impact Bonds (“IBs”) are innovative financial instruments that pull private investment to finance high-impact social programs. The implementation of impact
... Continue Reading.SUPREME COURT ALLOWS INSURANCE CLAIM OF DECEASED DEBIT CARD HOLDER AND PAYS NOMINEE
SUPREME COURT ALLOWS INSURANCE CLAIM OF DECEASED DEBIT CARD HOLDER AND PAYS NOMINEE Many Debit and credit card holders are not aware that their debit and credit cards issued by banks come with a complimentary personal accident insurance cover. The Hon’ble Supreme Court of India recently dealt with such personal accident insurance cover and the
... Continue Reading.SUPREME COURT ENFORCES THE LEGAL RIGHTS OF SECOND WIFE AND CHILDREN UNDER MUSLIM LAW
SUPREME COURT ENFORCES THE LEGAL RIGHTS OF SECOND WIFE AND CHILDREN UNDER MUSLIM LAW That this Appeal challenges the Judgment and Order dated 17.03.2009, passed by Hon’ble High Court of Karnataka at Bangalore, in Regular Second Appeal No. 160 of 1995, which allowed the Appeal of the Respondents herein. A suit for partition was filed
... Continue Reading.SUPREME COURT HOLDS THAT PURE ‘BUSINESS TO BUSINESS’ DISPUTES CANNOT BE CONSTRUED AS ‘CONSUMER DISPUTES’
SUPREME COURT HOLDS THAT PURE ‘BUSINESS TO BUSINESS’ DISPUTES CANNOT BE CONSTRUED AS ‘CONSUMER DISPUTES’ A Division Bench of the Hon’ble Supreme Court of India comprising of Justices L. Nageswara Rao and B.R. Gavai passed a Judgment dated 22-02-2022 in the case of Shrikant G. Mantri v. Punjab National Bank Civil Appeal No.11397 of 2016 and held that pure
... Continue Reading.SUPREME COURT DECIDES ON ELIGIBILITY OF COMPLAINANT IN CHEQUE DISHONOUR CASES
SUPREME COURT DECIDES ON ELIGIBILITY OF COMPLAINANT IN CHEQUE DISHONOUR CASES A Three Judge Bench of the Supreme Court comprising of Chief Justice of India N.V. Ramana, J. AS Bopanna, J. Hima Kohli passed a Judgment dated 22-02-2022 in M/s TRL Krosaki Refractories Ltd. Vs M/s SMS Asia Private Limited & Anr and decided upon the dispute regarding competence of a person prosecuting a complaint
... Continue Reading.Voluntary Separation of Chairperson and MD/CEO Roles: Analysing SEBI’s Recent Move
[Priankita Das is an undergraduate student pursuing B.A. LL.B. (Business Law Hons.) at Dr. Ram Manohar Lohiya National Law University, Lucknow] By way of its board meeting on February 15, 2022, the Securities and Exchange Board of India (“SEBI”) amended its mandate on the separation of the roles of chairperson and managing director/chief executive officer
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