The President of India has given his assent today to the Ordinance to amend the Insolvency and Bankruptcy Code, 2016 (the Code). The Ordinance aims
Category: Legal
Jolt for errant promoters | Business Standard Editorials–24.11.2017
The presidential assent to the Ordinance effecting crucial changes to the Insolvency and Bankruptcy Code is a bold and clever step towards ensuring that the
Ordinance may lead to more litigation | Business Line–24.11.2017
The banking sector will be a major loser as the ordinance would reduce the number of bidders and minimise the scope for finding the right
‘IBC ordinance will affect pending suits’ – The Hindu–24.11.2017
The biggest concern regarding the amendments to the Insolvency and Bankruptcy Code (IBC) is that they will cause disruption in nearly all pending insolvency proceedings,
EFPO: SC ruling enables massive rise in private sector pensions – The Economic Times–23.11.2017
Every employee in the organised sector contributes 12% of basic salary and dearness allowance to EPF. The employer makes a matching contribution…. In his 37-year
Jaypee crisis: SC restrains JAL directors from alienating properties | Business Standard News–23.11.2017
The Supreme Court on Wednesday directed 13 directors, including five promoters of embattled Jaiprakash Associate Limited (JAL), not to alienate their personal properties and asked
Government likely to dilute proposed labour reforms | Business Standard News–21.11.2017
Under pressure from the ruling Bharatiya Janatiya Party’s trade union wing, the centre is likely to dilute many provisions of two of its main proposed
A fine balance — On the National Anti-profiteering Authority – The Hindu–21.11.2017
Over four months into the troubled implementation of the goods and services tax, the Centre has operationalised a provision in the GST law that has
High court judges, experts brainstorm on likely GST litigations | business-news | Hindustan Times–20.11.2017
With the Goods and Services Tax (GST) in place, 20 judges from 12 high courts brainstormed with experts and top government officials on identifying grey
FinMin asks banks to prevent defaulters from buying stressed assets–20.11.2017
To ensure success of bankruptcy process under the Insolvency and Bankruptcy Code (IBC), the finance ministry has asked banks to be vigilant to ensure that
NCLT insolvency process has a tax problem; why Centre must fix it at the earliest – The Financial Express–19.11.2017
Given the speed at which NPAs have accumulated to over Rs 8.5 lakh crore today, and how they have brought the banking system to a
Insolvency and Bankruptcy Code: Keeping promoters at arm’s length | Business Standard News–13.11.2017
Interestingly, India is among the few countries with rules to keep promoters and the board of directors away from a company during the insolvency resolution
Insolvency: More tinkering to plug loopholes | Business Standard Column–13.11.2017
On November 7, the Insolvency and Bankruptcy Board of India (IBBI) came out with a notification that is a classic example of motherhood statements from
न्याय, नियम आणि नैतिकता |लोकसत्ता –१३.११.२०१७
उच्च न्यायालयातील एका न्यायाधीशाच्या लाचखोरी प्रकरणावरून सर्वोच्च न्यायालयात जे काही घडले त्यातून संस्थात्मक व्यवस्थेविषयी चिंता निर्माण होते.. शीर्षस्थ पदावरील व्यक्तींचे निर्णय हे नुसते कायदेशीर असून
rent agreement: 5 checkpoints before you sign a rent agreement – The Economic Times–06.11.2017
Go through the rent agreement for any specific terms and conditions that the owner may impose, in addition to the society’s rules. 1. Rent clause
What turned it around for India | Business Standard Column–06.11.2017
Some are calling it “leapfrogging” while others are describing it as “hitting a century”; nonetheless, the superlatives are falling short of describing what can be
Enforcement of contracts: Need to focus on ramping up court infrastructure | Business Standard Column–06.11.2017
Implementation of technology-intensive productivity improvements in courts is another key recommendation by experts India has improved its rank in enforcing contracts in the World Bank’s
What is a Benami property? All your questions answered in 10 points – The Financial Express–05.11.2017
Prime Minister Narendra Modi who is in Himachal Pradesh ahead of the assembly elections, hinted at a major crackdown against benami property on Saturday afternoon.
The Aarushi verdict and CBI’s humiliation | Business Standard Column–21.10.2017
Delhi may have breathed a bit easier at Diwali after the ban on firecrackers but collectively the nation has exhaled a sigh of relief at
Safeguards the only issue in euthanasia–Economic Times–13.10.2017
As the Supreme Court makes up its mind on the propriety of allowing living wills, which allow individuals to direct, in advance, those responsible to
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