Law Firm Articles
Is UPSC Law Optional A Good Scoring Subject ???
To check on the analysis on law optional syllabus click here Let me introduce you to few peopleWhy suddenly these people? Simply because they are toppers of CSE who had law as their optional subject across various timeline! Yes, law as optional in UPSC can make you a topper. Take a look at the table below: MAINS NAME AIR BACKGROUND LAW OPTIONAL MARKS 2019 C.S Jeydev 5 ...
Recent Developments In Bail Jurisprudence
The egalitarian maxim "Bail, not Jail" enunciated by Justice V. R. Krishna Iyer seemed to have got watered down in the past decades. The number of under trial prisoners in jails kept inexorably increasing over the years. As the graph below would show, more than 18000 under trial prisoners had, as on 31st December 207, been languishing in jails (bereft of either conviction or acquittal) for more than three years.Thankfully, decisions by the higher judiciary, in the last few years, have tended to...
Lenders To Initiate Insolvency Proceedings Against Personal Guarantors
With the recovery proceedings under the Insolvency and Bankruptcy Code, 2016 ("Code") not moving at the pace that it should, the Government, on November 15, 2019 came out with a new provision that empowered banks to move an application for initiation of insolvency against personal guarantors, who are usually promoters of big business houses. The intention was to hold liable the promoters of the defaulter companies who had furnished personal guarantees for the loans taken by their...
Champerty As Consideration For A Contract: Efficacious Or Illegal?
This article aims to flesh out the concept of champertous contracts; explore their treatment in the Indian legal scenario vis-Ã -vis the interpretations offered by foreign jurisdictions; scrutinize the dynamic jurisprudential change animating the concept of champerty and shed light upon the emergence of a multitude of ideations and arguments, both within and out of the Indian legal system, favoring and rationalizing contracts in the nature of champerty as an efficacious mechanism for third parties to fund litigations.
Does The Prevention Of Money Laundering Act, 2002 Safeguard Third-Party Rights In The Course Of Attachment Of Properties?
The Prevention of Money Laundering Act, 2002 (the "Act") was enacted to prevent ill-gotten wealth being reintroduced into India's financial system. A key feature of the enactment is the power of the investigating agency under the Act, i.e., the Directorate of Enforcement (the "ED"), to provisionally attach any property believed to be involved in money laundering for an initial period up to 180 days from the date of such attachment. Section 5 of the Act ensures that proceeds that are...
Arbitration, Mediation & Negotiations Heading The Digital Way
Digitization has changed the way we bank, shop, learn, stay fit, get entertained and stay connected. The list of things we can do online is endless. Online Dispute Resolution("ODR") is an extension to the above and simply adds the phrase "resolving disputes" to the list. ODR is the resolution of disputes, particularly small- and medium-value cases, using digital technology and techniques of alternate dispute resolution (ADR), such as negotiation, mediation, and arbitration. While...
"Pitch It Tactfully", Say Lawyers Recommending Mediation To Clients
CAMP Mediation is observing 2021 as the year of #CALM (Celebrating Advocates & Lawyers in Mediation). Via a series of articles, the author aims to highlight the developing trends of private commercial mediation in India, through the lens of lawyers and advocates who have skilfully and strategically offered their legal counsel in a collaborative, yet competitive environment.
Residuary Jurisdiction Of The National Company Law Tribunal Under Section 60(5) Of The Insolvency And Bankruptcy Code, 2016: A Brief Analysis
Pursuant to Section 60(5) of the Insolvency and Bankruptcy Code, 2016 ("Code") the National Company Law Tribunal ("NCLT") is bestowed with the jurisdiction to decide: (i) 'any' application or proceeding against a corporate debtor; (ii) 'any' claim made by or against a corporate debtor including claims by or against its subsidiaries; and (iii) 'any' questions of priority or 'any' question of law or facts, arising out of or in relation to insolvency resolution or liquidation proceedings of...
'Ipso Facto' Termination In India: Valid Or Invalid?
On March 8, 2021, Hon'ble Supreme Court delivered a judgement highlighting the need for the Legislature to provide clarity on the validity of ipso facto clauses in India in the context of insolvency laws. The Hon'ble Court, being well aware of its remit, adopted a 'workable formula', applicable only in the given factual matrix, to address the issue in question and did not encroach the legislature's role in formulating a policy with respect thereto. In fact, the Hon'ble Court has put forth...
Creating Conducive Workplace To Fight Pandemic Aftermath In Organizations
Covid-19 compelled organizations to focus on two key aspects of doing business during pandemic, data protection and talent retention, among others. For these two aspects, the technology officers and human resource professionals have been constantly required to revisit their strategies to manage and deal with data safety and employee retention, respectively, in the organization. Though most of the organizations offered clear and continuous communication to prepare employees to deal with the...
Victim's Copy Of Chargesheet: Who Will Bear The Charge - Special Court (POCSO)/Ld. Magistrate Or The Police, Under Section 25(2) Of POCSO Act?
"The victim of crime is often a forgotten person in our criminal justice system"- Cleroux, R. (1987, November 6). Sweeping Reforms Proposed in Payments to Crime Victims. The Toronto Globe and Mail, p. 2. The persons acting as guardians for or in respect of welfare or concern towards the child victim somehow glue their eyes with intensified hurry, unknowingly hoping for a swift dispensation of justice, probably under the belief of the unsaid sketchy mandate of sub-section (2) of Section...
An Overview Of The Concept Of Jurisdiction
One of the preliminary questions that a legal practitioner must deal with vis-Ã -vis a dispute which has arisen or a potential dispute which may arise out of a transaction or legal relationship between parties is that which forum/s has/have/will have the jurisdiction to entertain the dispute/potential dispute. In this article I shall be briefly discussing the concept of jurisdiction since, though the concept in itself is not laborious to fathom, however, a wrong interpretation of the same...