Clipped from: https://www.businesstoday.in/latest/economy/story/railways-liable-to-compensate-for-delay-and-late-arrival-of-trains-unless-proven-beyond-control-sc-306264-2021-09-09 The top court upheld the verdict of the NCDRC which had directing the Northern Western Railway to pay Rs. 15,000 for taxi expenses,
Category: Legal
Vacancies: Deliberate defiance of SC | Deccan Herald
Clipped from: https://www.deccanherald.com/opinion/first-edit/vacancies-deliberate-defiance-of-sc-1027820.html The court has now warned them of strict action over non-compliance with its directives There is a long trail of pending cases in
Bankrupting reform: Vacancies in NCLT are undermining IBC. GoI needs to fill them soon
Clipped from: https://timesofindia.indiatimes.com/blogs/toi-editorials/bankrupting-reform-vacancies-in-nclt-are-undermining-ibc-goi-needs-to-fill-them-soon/TOI Edit Times of India’s Edit Page team comprises senior journalists with wide-ranging interests who debate and opine on the news and issues of
Will amended LLP Act give start-ups a boost? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/will-amended-llp-act-give-start-ups-a-boost/article36365791.ece?homepage=true The changes are projected to deepen the bond market, enhance tax efficiency and improve ‘ease of doing business’ It is essential to understand
Decoded: How VPN secures our virtual lives & why a ban is unlikely | Business Standard News
Clipped from: https://www.business-standard.com/article/technology/decoded-how-vpn-secures-our-virtual-lives-why-a-ban-is-unlikely-121090801473_1.html Would banning VPN impact WFH? Yes, since it has enabled remote working for many sensitive industries The use of VPNs did not remain
RBI tweaks norms to ensure the security of card data – Here is what experts say – The Financial Express
Clipped from: https://www.financialexpress.com/money/rbi-tweaks-norms-to-ensure-the-security-of-card-data-here-is-what-experts-say/2326455/ Experts say it is crucial, that the ecosystem of multiple payments instruments in the country, along with bigger adoption of digital payment methods
Homebuyers’ body urges Housing Ministry to act against realty projects’ timelines extension – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/property-/-cstruction/homebuyers-body-fpce-urges-housing-ministry-to-act-against-realty-projects-rera-timelines-extension/articleshow/85949359.cmsSynopsis It has urged the ministry to direct these states to withdraw their notifications granting such extensions provided to developers arbitrarily without any relief
RBI’s resolution framework: A prudent mechanism for banks, NBFCs to initiate insolvency process – BusinessToday
Clipped from: https://www.businesstoday.in/opinion/columns/story/rbis-resolution-framework-a-prudent-mechanism-for-banks-nbfcs-to-initiate-insolvency-process-306119-2021-09-07 The framework provides a prudential framework for banks and NBFCs to recognise and report the defaults with complete freedom to design and implement
Listen to Supreme Court on Tribunals Act – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/listen-to-supreme-court-on-tribunals-act/2325954/ Minimum-age for tribunal membership and short tenures will be a hurdle for tribunals in acquiring the needed talent The government needs to move
Freak trade at NSE, yet again – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/stock-markets/freak-trade-at-nse-yet-again/article36346366.ece The National Stock Exchange witnessed yet another freak trade in the futures and options section on Tuesday. The wild swing in Bank Nifty
Crypto not currency; needs to be regulated as asset: ex-RBI DG Gandhi – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/crypto-not-currency-needs-to-be-regulated-as-asset-ex-rbi-dg-gandhi/articleshow/86004732.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis After quite a lot of debate over the years, Gandhi said, people have fully understood that crypto cannot be a currency because the
Lenders rush to invoke personal guarantees of promoters | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/lenders-rush-to-invoke-personal-guarantees-of-promoters-121090701089_1.html Lenders invoke guarantees worth Rs 34,000 cr Illustration: Ajay Mohanty Armed with a favourable Supreme Court judgement, the Indian lenders have started invoking the personal guarantees of
Justice Chandrachud is right to remind intellectuals of their duty. But what of the other institutions of democracy? | The Indian Express
Clipped from: https://indianexpress.com/article/opinion/justice-chandrachud-intellectuals-democracy-7494857/ Merely sounding warning notes is not going to suffice in the current climate — they will have to be accompanied by stronger signals
DHFL: SC asks NCLAT to wrap up 63 Moons’ appeal against Piramal Group in 2 months – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/dhfl-sc-asks-nclat-to-wrap-up-63-moons-appeal-against-piramal-group-in-2-months/article36325862.ece?homepage=true Refuses to stay operation of resolution plan in the interim The Supreme Court has directed the National Company Law Appellate Tribunal (NCLAT) to
Protect Digital India | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/protect-digital-india-121090601456_1.html House panel’s plea to ban VPNs will severely hamper commerce The Parliamentary Standing Committee on Home Affairs has reportedly suggested that India ban
Mastercard: US payments-network firms are under Centre’s compliance scanner. Is Mastercard playing with fire? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/prime/technology-and-startups/us-payments-network-firms-are-under-centres-compliance-scanner-is-mastercard-playing-with-fire/primearticleshow/85879034.cms SynopsisMastercard is having it rough from the RBI for failing to comply with the regulator’s data-localisation norms. Not many in the industry are
IBC: 47 pc closed cases in liquidation till Jun; many cos saw eco value erosion before insolvency process, says IBBI – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/company/corporate-trends/ibc-47-pc-closed-cases-in-liquidation-till-jun-many-cos-saw-eco-value-erosion-before-insolvency-process-says-ibbi/articleshow/85986219.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis In recent times, there have been concerns raised in certain quarters about the number of companies going into liquidation and steep haircuts taken
Don’t appoint CAs as part-time members of authority, NFRA tells ministry – The Economic Times
Clipped from: https://economictimes.indiatimes.com/prime/corporate-governance/dont-appoint-cas-as-part-time-members-of-authority-nfra-tells-ministry/primearticleshow/85986619.cms SynopsisRTI documents show that NFRA pushback was stronger than reported earlier. Appointment of practising CAs not only affects the independence, but also is
Vacancies in key tribunals: ‘not interested in confrontation but you are testing our patience’, SC tells govt. – The Hindu
Clipped from: https://www.thehindu.com/news/national/vacancies-in-key-tribunals-not-interested-in-confrontation-but-you-are-testing-our-patience-sc-tells-govt/article36315769.ece Bench asks Centre to conform and fill long-pending vacancies to key tribunals by the next hearing on September 13. A Special Bench of
The judicial role in improving lawmaking – The Hindu
Clipped from: https://www.thehindu.com/opinion/op-ed/the-judicial-role-in-improving-lawmaking/article36311082.ece?homepage=true Rushed laws, rendering Parliament a rubber stamp, sacrifice core ideals of a constitutional democracy The deterioration in the quality of deliberation in Parliament
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