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1881 UNDER SECTION 138 OF THE ACT The Negotiable Instruments (Amendment) Bill, 2017 was introduced in Lok Sabha on January 2, 2018. It seeks to amend the Negotiable Instruments Act, 1881. The Negotiable Instrument Act, 1881, defines promissory notes, bills of...
RELATED TO INSOLVENCY RESOLUTION PROCESS The Ordinance dated 23 November 2017 (the Ordinance), amending the Insolvency and Bankruptcy Code, 2016 (Code) was brought and the Ordinance was sought to be replaced by the Insolvency and Bankruptcy Code (Amendment) Bill, 2017...
NCLT FIRST INSOVENCY RESOLUTION SCHEME UNDER INSOLVENCY AND BANKRUPTCY ACT, 2016 The Insolvency and Bankruptcy Code, 2016 seeks to consolidate the existing framework by creating a single law for bankruptcy and insolvency. Pursuant to notification of the provisions...
"The defaulter's paradise is lost. In its place, the economy's rightful position has been regained", WP(C)99/2018(SC) Swiss Ribbons pvt Ltd & Anr. UOI & Others Questions to be decided: 1. Classification between financial and operational creditor discriminatory,...
The National Company Law Appellate Tribunal (NCLAT) on 15.05.2019 stayed the McDonalds India Private Limited - Vikram Bakshi out-of-court settlement deal on the ground that the concerned deal cannot be allowed to go ahead until Housing and Development Corporation's...
On 22nd May, 2019, the Securities Appellate Tribunal directed the National Stock Exchange of India Ltd (NSE) to transfer Rs. 625 crore to the Securities and Exchange Board of India (SEBI) within two weeks. The amount is to be transferred to an escrow account as...
On 27 May, 2019, a Public Interest Litigation (“PIL”) was filed by financial economist Abhijit Mishra in the Delhi High Court challenging the operation of PayTm Payments Bank's Post-Paid Wallet facility. The petition primarily revolves around the alleged illegal...
This Appeal arises out of impugned Order dated 29.28.2018, passed by the National Company Law Tribunal, Hyderabad Bench whereby the NCLTdismissed the Company Petition filed by the Appellant (MAIF Investment India PTE Ltd.) under Section 59 of the Companies Act, 2013....
SEBI held that these entities engaged in deliberate misrepresentations, circumvention of regulatory norms and policies of NSE and manipulation of the network pathways at the co-location facilities of the NSE. [pdf-embedder...
The issue which was under the consideration in front of the Supreme Court in the case Kihoto Hollohan v.Zachillhu was the Constitutional validity of the Tenth Schedule introduced by the Constitution (Fifty Second Amendment) Act, 1985. The Constitution (Fifty-second...