Advocate Sushila
Advocate Sushila Ram 28 Feb 2021 6:55pm
SUPREME COURT REITERATES THAT CONSENT DECREES VITIATED BY FRAUD, MISREPRESENTATION, OR MISTAKE DO NOT BIND PARTIES
621 0 0
The Two Judge Bench of the Hon’ble #SupremeCourt of India comprising of Justices Mohan M. Shantanagoudar and Vineet Saran passed a Judgment dated 17.02.2021 in the case of Compack Enterprises India (P) Ltd. v. Beant Singh Special Leave Petition (Civil) Nos. 2224-2225 of 2021 (Arising out of SLP(C) Diary No. 38441 of 2019) and reiterated that a #Consent…
Advocate Sushila
Advocate Sushila Ram 19 Feb 2021 5:38pm
DELHI HIGH COURT REITERATES APPLICATION OF PRINCIPLES OF NATURAL JUSTICE BEFORE CANCELLATION OF AVIATION PERMITS
540 0 0
The #DelhiHighCourt has in a recent case of M/s AR Airways Pvt Ltd vs Union of India and Others passed a Judgment dated 15-02-2021 and discussed the #Principles of #NaturalJustice to be applied before cancellation of #AirOperatorPermits.To read more, please visit the link below:http://www.theindianlawyer.in/blog/2021/02/19/delhi-high-court-reiterates-application-of-principles-of-natural-justice-before-cancellation-of-aviation-permits/#naturaljustice…
Advocate Sushila
Advocate Sushila Ram 19 Feb 2021 5:10pm
SUPREME COURT DECIDED UPON APPEALABLE ORDERS UNDER THE ARBITRATION ACT 1996
620 0 0
The #SupremeCourt has in a recent case of Chintels India Ltd vs Bhayana Builders Pvt Ltd passed a Judgment dated 11-02-2021 on whether an #order refusing to #condone the #delay in filing an #Application under Section 34 of the #Arbitration and Conciliation Act 1996 (the Act) is an #appealable order under Section 37 (1) (c) of the Act?To read more,…
Advocate Sushila
Advocate Sushila Ram 14 Feb 2021 10:13am
SUPREME COURT HOLDS THAT BAR ON DEFAULT PROVISIONS UNDER THE INSOLVENCY AND BANKRUPTCY CODE, 2016 APPLIES RETROSPECTIVELY
771 0 0
An Ordinance was promulgated by the President of India on 05.06.2020 by which Section 10A was inserted into the Insolvency and Bankruptcy Code, 2016 (“#IBC”).To read more, please visit the link below:http://www.theindianlawyer.in/blog/2021/02/14/supreme-court-holds-that-bar-on-default-provisions-under-the-insolvency-and-bankruptcy-code-2016-applies-retrospectively/#insolvency…
Advocate Sushila
Advocate Sushila Ram 13 Feb 2021 6:26pm
LOK SABHA PASSES ARBITRATION AND CONCILIATION (AMENDMENT) BILL, 2021
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The Lok Sabha has passed the #Arbitration and Conciliation (Amendment) Bill, 2021 (the Bill). The Bill which was introduced in the #LokSabha on February 4, 2021 by Law Minister Ravi Shankar Prasad seeks to #amend the Arbitration and Conciliation Act, 1996 (the Act).To read more, please visit the link below:http://www.theindianlawyer.in/blog/2021/02/13/lok-sabha-passes-arbitration-and-conciliation-amendment-bill-2021/#arbitration…
Advocate Sushila
Advocate Sushila Ram 6 Feb 2021 6:34pm
SUPREME COURT HOLDS MONEY LAUNDERING HAS TO BE RECORDED UNDER THE PREVENTION OF MONEY LAUNDERING ACT, 2002
686 0 0
The Three Judge Bench of the Hon’ble #SupremeCourt of India comprising of Justices S.A. Bobde, A.S.Bopanna and V. Ramasubramanian passed a Judgment dated 03.02.2021 in the case of OPTO Circuit India Ltd. v. Axis Bank & Ors. {CRIMINAL APPEAL NO.102 OF 2021 (Arising out of SLP (Criminal) No.4171 of 2020)} and held that before directing the freezing…
Advocate Sushila
Advocate Sushila Ram 6 Feb 2021 5:41pm
SUPREME COURT HOLDS COLLUSIVE AND SHAM TRANSACTIONS WITH CORPORATE DEBTOR NOT CONSIDERED AS FINANCIAL DEBT
1473 0 0
The Three Judge Bench of the #SupremeCourt has in a recent case of Phoenix Arc Private Limited vs Spade Financial Services Limited & Ors. passed a Judgment dated 01-02-2021 and held that firstly, as the Respondents are not #financialcreditors and secondly, as the Respondents are related parties of the #CorporateDebtor, they must be excluded from…
Advocate Sushila
Advocate Sushila Ram 1 Feb 2021 7:11pm
Union Budget 2021-22: The Road Ahead in Difficult Times
563 0 0
The #FinanceMinister, Smt. Nirmala Sitharaman has presented the #UnionBudget 2021-22 on 01-02-2021. Possibly this was one of the toughest Budgets to plan in the wake of COVID-19. Please find below the Presentation on Highlights of the Union Budget 2021-22:http://www.theindianlawyer.in/blog/2021/02/01/union-budget-2021-22-the-road-ahead-in-difficult-times/#budget…
Advocate Sushila
Advocate Sushila Ram 31 Jan 2021 11:04am
DELHI HIGH COURT REFUSES INJUNCTION AGAINST FILM ‘THE WHITE TIGER’
1415 0 0
The #DelhiHighCourt has in a recent case of Mr. John Hart Jr. and Anr. vs Mr. Mukul Deora and Others, passed a Judgment dated 21-01-2021 and reiterated the principles of grant and refusal of #injunction, especially, in cases where injunction is sought against release of a cinematographic #film.To read more, please visit the link below:http://www.theindianlawyer.in/blog/2021/01/31/delhi-high-court-refuses-injunction-against-film-the-white-tiger/#thewhitetiger…
Advocate Sushila
Advocate Sushila Ram 31 Jan 2021 10:57am
SUPREME COURT HOLDS THAT HOME BUYERS CAN FILE INSOLVENCY PROCEEDINGS IF THEY CONSIST OF TEN PERCENT OF THE ALLOTTEES IN THE PROJECT
610 0 0
The Three Judge Bench of the Hon’ble #SupremeCourt of India comprising of Justices Rohinton Fali Nariman, Navin Sinha and K.M. Joseph passed a Judgment dated 19-01-2021 in the case of Manish Kumar v. Union of India and Another (Civil Original Jurisdiction Writ Petition(C) No.26 Of 2020) and held that in order to maintain an #Insolvency Petition in…
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