Clipped from: https://www.financialexpress.com/opinion/justice-tarried-is-justice-buried-lawyers-and-the-judiciary-must-guard-against-the-law-being-used-to-delay-cases/2366684/ With no disrespect to the legal system, AI is capable of delivering judgements in such cases, freeing court time for non-trivial cases. In
Category: Legal
Ombudsman scheme to provide cost-free redress of customer complaints: RBI – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/ombudsman-scheme-to-provide-cost-free-redress-of-customer-complaints-rbi/2368013/ The Scheme adopts ‘One Nation One Ombudsman’ approach by making the RBI Ombudsman mechanism jurisdiction neutral, the RBI said in a statement. “The
Quid pro quo test no longer the norm – BusinessToday
Clipped from: https://www.businesstoday.in/opinion/columns/story/quid-pro-quo-test-no-longer-the-norm-311371-2021-11-05 The present ruling of the Supreme Court consciously blurs this line to say that a tax and a fee must not be understood
Do lower courts pass the buck when it comes to bail pleas? – Times of India
Clipped from: https://timesofindia.indiatimes.com/india/do-lower-courts-pass-the-buck-when-it-comes-to-bail-pleas/articleshow/87512108.cms Aryan Khan was granted bail by the Bombay High Court after two days of arguments, around eight days after the petition came to
What we need to fix our judicial system | The Indian Express
Clipped from: https://indianexpress.com/article/opinion/columns/what-we-need-to-fix-our-judicial-system-7607679/ Not more money or shiny new digital platforms, but more accountability from judges The box is opened four times a day and Khan’s
No Penalty for failure to maintain books when Assessee submitted Audit Report & Audited Accounts–TAXGURU.IN
lipped from: https://taxguru.in/income-tax/penalty-failure-maintain-books-assessee-submitted-audit-report-audited-accounts.html Aum Jewels Vs ITO (ITAT Delhi) We find Tax Audit Report in Form No. 3CD in all the Assessment Years under consideration. In
‘Permissible unless prohibited’ is the position of the law – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/business-laws/permissible-unless-prohibited-is-the-position-of-the-law/article36813086.ece National Company Law Tribunal allowing conversion of equity shares into preference shares is laudable Paving way for corporates to give structured exit to
COURTROOM – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/business-laws/courtroom/article36555934.ece Acknowledged as debt In business, there are circumstances where a person might have incurred a liability, but later on he need not have
Registration mandatory under MSME Act – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/business-laws/registration-mandatory-under-msme-act/article36555608.ece It envisages the establishment of the Micro & Small Enterprise Facilitation Council The Supreme Court of India, in its recent judgment in Silpi Industries
Interpret, but don’t re-write – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/business-laws/interpret-but-dont-re-write/article36813210.ece The job of judges is to interpret the law, not to re-write them, the Supreme Court has said, while overruling an interim order
Courtroom: No pedente lite interest – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/business-laws/courtroom-no-pedente-lite-interest/article37048290.ece In a recent case, the question before the Supreme Court was whether interest could be levied during the pendency of a litigation In
The not-so fool-proof cyber world – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/blogs/blog-gitanjalidiwakar/article33790212.ece Can migrating to apparently safer platforms ensure a greater degree of privacy in the world of satellite communication, computers and programming? Read on Not
HC stays arrest of Alchemist ARC promoter & another in loan fraud case – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/hc-stays-arrest-of-alchemist-arc-promoter-another-in-loan-fraud-case/articleshow/87519517.cmsSynopsis It is alleged that properties of Jaisalmer-based Hotel Gaudavan Pvt. Ltd. (HGPL) worth about Rs 200 crore, seized by SBI for loan default,
India needs a judicial corps: All-India cadre can tackle dearth of judges – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/india-needs-a-judicial-corps-all-india-cadre-can-tackle-dearth-of-judges/2362154/ Successive Union governments have failed to enact an appropriate Bill that sets the contours of an AIJS, faced with stiff opposition from states
Pratip Chaudhuri’s arrest: New rules say police needs prior nod to act against PSU officials – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/pratip-chaudhuris-arrest-new-rules-say-police-needs-prior-nod-to-act-against-psu-officials/articleshow/87497769.cmsSynopsis The Department of Personnel & Training circular, published about a couple of months ago and after the arrest of Bank of Maharashtra executives
Chaudhuri arrest case: Alchemist ARC accuses loan defaulters of complicity | Business Standard News
lipped from: https://www.business-standard.com/article/finance/chaudhuri-arrest-case-alchemist-arc-accuses-loan-defaulters-of-complicity-121110101427_1.html?utm_source=Spotlight&utm_medium=website&utm_campaign=Premium_11072018 Says former SBI chief’s arrest was based on protest petition filed by erstwhile directors of Hotel Gaudavan; non-bailable warrants were issued without any
e-commerce: Coping with cyber criminals during the festive season – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/security-tech/security/coping-with-cyber-criminals-during-the-festive-season/articleshow/87479392.cmsSynopsis The pandemic has led to increased acceptance of e-commerce platforms and digital payments, which has presented even more avenues to cyber criminals to
Former SBI chairman Pratip Chaudhuri’s arrest: Bankers shocked over ‘high-handed’ move – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/former-sbi-chairman-pratip-chaudhuris-arrest-bankers-shocked-shock-over-high-handed-move/articleshow/87476302.cmsSynopsis There was reportedly no notice or formal summons in a decade-old soured-loan case which has shaken the banking sector, stoking concerns the incident
Courtroom – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/business-laws/courtroom/article37269985.ece No ex-parte award In a recent judgment in Godrej Properties Ltd Vs Goldbricks Infrastructure Pvt Ltd, the High Court held that an ex-parte ad-interim
Insurance claim liable to be rejected if lapsed on account of non-payment of premium: SC – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/insurance-claim-liable-to-be-rejected-if-lapsed-on-account-of-non-payment-of-premium-sc/article37284481.ece The top court was hearing an appeal filed by the LIC against NCDRC judgement that had set aside the order passed by the
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