Enthused by the success of other Pradhan Mantri schemes such as Jan Dhan Yojana, the Modi government has rolled out a mammoth scheme, deemed the
Category: Legal
All you wanted to know about MahaRERA – The Hindu BusinessLine
The implementation of a regulator for real estate transactions in India was expected to revive buyers’ confidence in the realty market. It has been little
From arbitration to tenancy agreement, here are the key court orders | Business Standard News
The problem of interpreting contracts to identify an arbitration clause has again come up before the Supreme Court. In this case, the difficulty was further aggravated by an “unhappily
GST’s unfinished agenda: Dealing with contractual price-adjustments | Business Standard Column
Notwithstanding the fact that it has been more than a year since the GST legislation triggered and changed the indirect tax landscape of the country, there is
How to prevent IBC from becoming a victim of its own success – The Economic Times–R
The Insolvency and Bankruptcy Code has ushered in an era of swift resolutions and fair decisions with failing companies. On a recent Wednesday morning, the
To boost ease of doing biz, govt mulls ordinance to settle disputes faster | Business Standard News
Seeking to improve India’s ranking on ease of doing business index, the government is mulling an ordinance which provides for time-bound settlement of commercial disputes and make arbitrators accountable, a senior
Banks led by SBI had asked ArcelorMittal to clear dues of two firms: NuMetal to SC – The Economic Times
Russia’s VTB Bank-promoted firm NuMetal, which was asked to establish its “subterfuge” charge against rival bidder ArcelorMittal, Wednesday told the Supreme Court that contrary to claims, a
The Committee of Creditors ‘dharma’ should be maximisation with fairness – The Financial Express-R
Failure by a firm to service debt, which is otherwise known as insolvency, is an outcome of the market. The Insolvency and Bankruptcy Code, 2016,
Insolvency–: Pay PF dues before repaying creditors, NCLT tells liquidator of Precision Fasteners – The Economic Times
In a significant order for employees of bankrupt companies, the National Company Law Tribunal has ordered the resolution professional handling liquidation of Mumbai-based Precision Fasteners to pay
Car insurance premium up sharply: Compulsory personal accident cover hiked to Rs 15 lakh – The Economic Times
Currently, Personal Accident Cover is capped at Rs 1 lakh for two-wheelers and Rs 2 lakh for private or commercial cars respectively. The compulsory personal accident
Vehicle Insurance: Uninsured vehicle owners should pay accident-compensation else vehicle to be auctioned: SC
If any uninsured vehicle ends up in an accident, the compensation payable to victim’s family becomes an issue. If you are driving an uninsured vehicle,
Punish those who fabricate false cases
Rocket scientist Nambi Narayanan had his career cut short, life disrupted and life experience stretched to the prison, where he spent 50 days, because of
The Isro tragedy: Who will be held accountable for a cooked-up spy case? | Business Standard Editorials
In a tragic turn of events, space scientist K Chandrasekhar died in hospital hours before the Supreme Court (SC) finally pronounced that the spy case
Big haircut for lenders as NCLT okays resolution plan for Orchid Pharma | Business Standard News
The Chennai bench of the National Company Law Tribunal (NCLT) has approved the resolution plan submitted by US-based investor Ingen Capital Group LLC for Chennai-based pharmaceutical manufacturer Orchid Pharma Ltd, following
Financial creditors not part of CoC don’t have voting rights: IBBI – The Hindu BusinessLine
The Insolvency and Bankruptcy Board of India (IBBI) has cleared the air on the crucial issue of whether a financial creditor who is not admitted
Consumer Protection Bill: Time for careful rethinking – The Financial Express
Internet users in India are expected to increase from 481 million (December 2017) to 829 million by 2021, which will have a direct impact on
Insolvency Law–Apex court to settle law to minimise NCLT, NCLAT interference – The Financial Express
The court will resume hearing on September 25. The Supreme Court on Wednesday observed that it will settle the law so as to avoid any
Watchdog comes to homebuyers’ rescue, asks builder to pass on GST benefits | Business Standard News
The National Anti-Profiteering Authority (NAA) has come to the aid of homebuyers by concluding that a builder of affordable houses has profiteered by not passing
GST–Dealer delight! Gujarat High Court strikes down GST provision as unconstitutional – The Financial Express
The court termed the sub-section concerned as unconstitutional as it violated the vested right of the petitioner. The Gujarat High Court has struck down a
Numetal joins war of letters, points fingers at Mittals – NEWS – The Hindu BusinessLine
The fight to take control of Essar Steel intensified on Monday with Numetal seeking to know from the the resolution professional (RP) overseeing the insolvency
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