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Advocate Sushila

SUPREME COURT HOLDS THAT BAR ON DEFAULT PROVISIONS UNDER THE INSOLVENCY AND BANKRUPTCY CODE, 2016 APPLIES RETROSPECTIVELY

Advocate Sushila Ram  |  14 Feb 2021
SUPREME COURT HOLDS THAT BAR ON DEFAULT PROVISIONS UNDER THE INSOLVENCY AND BANKRUPTCY CODE, 2016 APPLIES RETROSPECTIVELY

An Ordinance was promulgated by the President of India on 05.06.2020 by which Section 10A was inserted into the Insolvency and Bankruptcy Code, 2016 (“#IBC”).To read more, please visit the link below:http://www.theindianlawyer.in/blog/2021/02/14/supreme-court-holds-that-bar-on-default-provisions-under-the-insolvency-and-bankruptcy-code-2016-applies-retrospectively/#insolvency…

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Advocate Sushila

LOK SABHA PASSES ARBITRATION AND CONCILIATION (AMENDMENT) BILL, 2021

Advocate Sushila Ram  |  13 Feb 2021
LOK SABHA PASSES ARBITRATION AND CONCILIATION (AMENDMENT) BILL, 2021

The Lok Sabha has passed the #Arbitration and Conciliation (Amendment) Bill, 2021 (the Bill). The Bill which was introduced in the #LokSabha on February 4, 2021 by Law Minister Ravi Shankar Prasad seeks to #amend the Arbitration and Conciliation Act, 1996 (the Act).To read more, please…

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Advocate Sushila

SUPREME COURT HOLDS MONEY LAUNDERING HAS TO BE RECORDED UNDER THE PREVENTION OF MONEY LAUNDERING ACT, 2002

Advocate Sushila Ram  |  6 Feb 2021
SUPREME COURT HOLDS MONEY LAUNDERING HAS TO BE RECORDED UNDER THE PREVENTION OF MONEY LAUNDERING ACT, 2002

The Three Judge Bench of the Hon’ble #SupremeCourt of India comprising of Justices S.A. Bobde, A.S.Bopanna and V. Ramasubramanian passed a Judgment dated 03.02.2021 in the case of OPTO Circuit India Ltd. v. Axis Bank & Ors. {CRIMINAL APPEAL NO.102…

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Advocate Sushila

SUPREME COURT HOLDS COLLUSIVE AND SHAM TRANSACTIONS WITH CORPORATE DEBTOR NOT CONSIDERED AS FINANCIAL DEBT

Advocate Sushila Ram  |  6 Feb 2021
SUPREME COURT HOLDS COLLUSIVE AND SHAM TRANSACTIONS WITH CORPORATE DEBTOR NOT CONSIDERED AS FINANCIAL DEBT

The Three Judge Bench of the #SupremeCourt has in a recent case of Phoenix Arc Private Limited vs Spade Financial Services Limited & Ors. passed a Judgment dated 01-02-2021 and held that firstly, as the Respondents are not #financialcreditors and…

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Kishan Dutt

Rights of husbands in dowry and cruelty-based complaints

Kishan Dutt Kalaskar  |  4 Feb 2021
Rights of husbands in dowry and cruelty-based complaints

Rights of husbands in dowry and cruelty-based complaints-Kishan Dutt Kalaskar       Dowry is one of the greatest social disasters ever confronted by our nation, and no enlightened society ought to endure this, and every effort is made to…

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Varun

Lawyers are Legal-Fortune Tellers

Varun P  |  3 Feb 2021
Lawyers are Legal-Fortune Tellers

A good lawyer is also a good prognosticator. They try to imagine all of the problems and opportunities that may arise from a new deal. The lawyer will help the parties foresee issues that he or she thinks are likely to…

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Advocate Sushila

Union Budget 2021-22: The Road Ahead in Difficult Times

Advocate Sushila Ram  |  1 Feb 2021
Union Budget 2021-22: The Road Ahead in Difficult Times

The #FinanceMinister, Smt. Nirmala Sitharaman has presented the #UnionBudget 2021-22 on 01-02-2021. Possibly this was one of the toughest Budgets to plan in the wake of COVID-19. Please find below the Presentation on Highlights of the Union Budget 2021-22:http://www.theindianlawyer.in/blog/2021/02/01/union-budget-2021-22-the-road-ahead-in-difficult-times/#budget…

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Advocate Sushila

DELHI HIGH COURT REFUSES INJUNCTION AGAINST FILM ‘THE WHITE TIGER’

Advocate Sushila Ram  |  31 Jan 2021
DELHI HIGH COURT REFUSES INJUNCTION AGAINST FILM ‘THE WHITE TIGER’

The #DelhiHighCourt has in a recent case of Mr. John Hart Jr. and Anr. vs Mr. Mukul Deora and Others, passed a Judgment dated 21-01-2021 and reiterated the principles of grant and refusal of #injunction, especially, in cases where injunction…

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Advocate Sushila

SUPREME COURT HOLDS THAT HOME BUYERS CAN FILE INSOLVENCY PROCEEDINGS IF THEY CONSIST OF TEN PERCENT OF THE ALLOTTEES…

Advocate Sushila Ram  |  31 Jan 2021
SUPREME COURT HOLDS THAT HOME BUYERS CAN FILE INSOLVENCY PROCEEDINGS IF THEY CONSIST OF TEN PERCENT OF THE ALLOTTEES IN THE PROJECT

The Three Judge Bench of the Hon’ble #SupremeCourt of India comprising of Justices Rohinton Fali Nariman, Navin Sinha and K.M. Joseph passed a Judgment dated 19-01-2021 in the case of Manish Kumar v. Union of India and Another (Civil Original…

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Advocate Sushila

WHETHER A COMPANY PURCHASING A COMMERCIAL SPACE IS A CONSUMER UNDER THE CONSUMER PROTECTION ACT

Advocate Sushila Ram  |  30 Jan 2021
WHETHER A COMPANY PURCHASING A COMMERCIAL SPACE IS A CONSUMER UNDER THE CONSUMER PROTECTION ACT

Recently, the National Consumer Redressal Commission, New Delhi (‘NCDRC’) in the case of Freight System (India) (P) Ltd. v. Omkar Realtors and Developers (P) Ltd., (Consumer Case No. 886/2020), vide its Judgment dated 25.01.2021 held that a company is not…

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