Cracking the whip against diversion of funds by unscrupulous builders from ongoing realty projects, the Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has directed commercial banks
Category: Legal
Time to repeal law on sedition – The Hindu BusinessLine
Treating any random act of indiscretion as seditious has no place in a democracy The propensity of elected governments to trample individual freedoms has been
A blow to the IBC process? – The Financial Express
Macro factors today will always be adverse as commodity prices will be volatile, laws varying, business cycles more common, and geopolitical tensions around the corner.
Now, builder can’t force his clauses on home buyers; SC rules that one-sided builder-buyer contacts not binding – The Financial Express
The Supreme Court has held that incorporation of one-sided clauses in an agreement constitutes an unfair trade practice as per Section 2 (r) of the
RBI: Still unaccountable and above law? | Business Standard Column
Does the Reserve Bank of India (RBI) understand the Right to Information Act (RTI) far better than the central information commissioners, judges of high courts, and even those of
From serious fraud probe to Malaria death, here are the key court orders | Business Standard Column
States cannot withdraw tax incentives Denial of fiscal incentives offered to industries set up in certain states to encourage development and generate employment continues to
Samjhauta bungling: Religious labels for terror aside, serious questions must be asked of NIA’s efficacy
Following the acquittal of Swami Aseemanand in the 2007 Samjhauta Express blasts case, BJP has once again accused Congress of fabricating the theory of ‘Hindu
The crisis in India’s justice system–Economic Times
The judgment of the Panchkula special court, which had acquitted all the four accused in the Samjhauta Express bomb blast case last week, comes down
From cheque bounce to intellectual property cases, here’re key court orders | Business Standard Column
Bank an ‘industrial undertaking’? Is a bank an ‘industrial undertaking’ eligible to claim deduction according to Section 35-D of the Income Tax Act? YES Bank has raised
HDFC Bank warns about this fraud; Know how to keep your money safe – The Financial Express
Online frauds such as cyber threat, internet crime and hacks have also increased, with the increased adaption of technology. Leading banks like the State Bank
Can’t reject claims based on new issues | Business Standard Column
An insured who is aggrieved by the repudiation of this claim can challenge the repudiation by filing a consumer complaint. While defending the case, can
Cannot take coercive action in circular trading cases: Bombay HC | Business Standard News
The Bombay High Court on Wednesday ruled that no coercive action will be taken against a person charged with issuing fake invoices and circular trading, pending final
From arbitration to electricity theft cases, here are the key court orders | Business Standard Column
Pre-deposit demand for arbitration illegal A condition in a notice of tender demanding a pre-deposit of 10 per cent of the claim for invoking arbitration
India far away from being less-cash economy, must address digital payments security issues: Nandan Nilekani – The Economic Times
India is still very far away from being a less-cash economy and security issues around digital payments system needed to be addressed to make the mode more acceptable, Nandan Nilekani said
From inter-state sand trade to excise duty, here are the key court orders | Business Standard Column
Governments can’t ban inter-state sand trade The Supreme Court has ruled that a state government cannot ban the movement of sand to other states, as it violated
Resolution of complaints: Insurers ignoring ombudsmen judgments – The Hindu BusinessLine
Insurance companies are ignoring the implementation of judgments given by ombudsmen in resolution of complaints from policyholders. According to insurance ombudsman regulations, it is mandatory
From arbitration to deceptive trademark, here are the key court orders | Business Standard Column
Port trust can sell goods of third parties If a lessee of public premises is evicted and is in unauthorised occupation of land, properties there can
Safer way to transact online: Tokenisation of card transactions enhances digital payments ecosystem – The Financial Express
By Kalpesh J Mehta The Indian economy has traditionally been dominated by cash. However, the increased adoption of smartphones together with a favourable regulatory environment are
Posted overseas? Not disclosing foreign bank accounts can lead to prosecution under Black Money Act – The Economic Times
By Amarpal S. Chadha If you are travelling or posted abroad on work assignments, projects, business, etc you should be very careful that you do
Failure to repay a loan is not a criminal offence unless there is fraudulent intent: SC – The Hindu BusinessLine
In a significant ruling, the Supreme Court has held that failure to repay a loan is not a criminal offence unless there is a fraudulent
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