The Supreme Court Carves in Stone the Limitation Period for Appeal Before NCLAT Under Section 61 of IBC
Introduction In this Article the attempt shall be to discern the answer to two important issues in the realm of the Insolvency and Bankruptcy Code, 2016 (IBC) namely: The aforementioned issues have been squarely dealt by the recent Judgment pronounced by a three-Judge Bench of the Supreme Court V. Nagarajan v. SKS Ispat and Power […]
The Unique Position of the Architects Act, 1972
In its judgement dated March 17, 2020, in the matter of Council of Architects v. Mukesh Goyal & Ors.[1], the Supreme Court held that the Architects Act, 1972 (‘Act’) does not prohibit individuals not registered under it from engaging in the practice of architecture or functions allied thereto. This article dissects the history of this […]
What Banks Need to Survive 2021
Uncertainty and unpredictability were the watchwords for 2020. Business and consumer behaviour trends witnessed an everlasting evolution in 2020 and the velocity of change continues to increase. The Covid-19 pandemic and the economic impact has unveiled the deficiencies of many banks and the fallout is likely to continue into 2021, with several leading banks and the banking regulator […]
Whistleblower Protection Act, 2014: A Cracked Foundation?
The Whistle Blowers Protection Act, 2014 (“Act”) was enacted to provide a framework to investigate alleged corruption and misuse of power by public servants and to protect persons who allege any wrongdoings. However, 7 years having passed since the enactment without any amendments having been made to the Act. There has been a rampant cry […]
RBI Guidelines on Wilful Defaulters
HISTORY AND GERMINATION OF LAW ON WILFUL DEFAULTERSIn the year 1986, Reserve Bank of India (“RBI“), vide its Circular No. 145 dated 20.08.1986, introduced a reporting mechanism in order to introduce financial discipline amongst credit institutions. In order to curb a rapid upsurge in non-performing assets (“NPA“) in the 1990s1 stringent measures against ‘wilful defaulters’ were brought […]
Law on Look Out Circular
“No freeman shall be taken or imprisoned or deceased or outlawed or banished or any ways destroyed, nor will the King pass upon him or commit him to prison unless by the judgment of his peers or the law of the land. ” – English Magna Carta, June, 1215. Black’s Law Dictionary defines ‘Personal Liberty’ […]