RBI Forms Panel For Referring Accounts For Resolution Under Insolvency And Bankruptcy Code, 2016

The Reserve Bank of India has constituted an Internal Advisory Committee (IAC) for referring accounts for resolution under the Insolvency and Bankruptcy Code, 2016 (IBC).In particular, the IAC recommended for IBC reference all accounts with fund and non-fund based outstanding amount greater than Rs. 5,000 crore, with 60% or more classified as non-performing by banks, as of March...

National Consumer Helpline Disposes Of 1,41,037 Complaints In Five Months

A total of 1,80,920 complaints were received through the National Consumer Helpline (NCH) during the last five months, and out of these 1,41,037 complaints were disposed of.During the period from February to June 2017, the NCH registered 30,587 complaints pertaining to e-commerce, which is the highest number of complaints in a sector, contributing to 17% of total complaints registered in...

Special Fee For Enrolment Of Retired Employees By Bar Council Illegal: Kerala HC [Read Judgment]

The Kerala High Court, in an important judgment which was delivered in November last year (uploaded recently in the website), has held that collection of special fee from those retired employees who seek enrolment as lawyers is unauthorised and illegal. The court directed the State Bar Council to refund such fee collected by it, if such a request is made before it.Thomas Koshy, after...

If Deceased In Motor Accident Was Self-Employed, Best Method For Assessing Loss Of Dependency Is Taking Median Income: Bombay HC [Read JT]

While hearing an insurance company’s first appeal against an order of Motor Accident Claims Tribunal (MACT), the Bombay High Court has held that in case the deceased was self-employed, appropriate method for calculating loss of dependency would be by taking his median income.Justice GS Patel was hearing the appeal filed by New India Assurance against an order by the MACT awarding Rs. 26...

States Have Been Asked To File FIRs On Violence Over Cow Protection: Centre

Responding to a question in the Lok Sabha, the Centre on Monday said that the Union Home Ministry has advised State Governments to compulsorily register FIRs in all “untoward incidents” of cow vigilantism.“(i) Untoward incidents in the country on cattle in the disturbance of law and order by miscreants in the name of protection of Cow and (ii) compulsory registration of FIR for...

PIL Seeks 24-Hr Helpline For Protection Against Cow Vigilantes Ahead Of Bakr-Eid [Read Petition]

A public interest litigation filed in the Bombay High Court has sought 24-hour helpline for the “protection of life of citizens for trade and transport” so that innocent people are not killed in the name of religion by cow vigilantes ahead of Bakr-Eid.The petitioner is Shadaab Patel, a businessman from Bandra.He sought directions to the state and its police to collect all...

Delhi HC Notice To Centre On PIL On ‘Discriminatory’ 12% GST On Sanitary Napkins [Read Petition]

With over 355 million menstruating women in India, among whom 88 per cent do not have access to sanitary napkins, 12 per cent GST on sanitary napkins, which have been grouped with mobile phones and leather goods, would end up playing havoc with the reproductive health of large number of women, particularly from lower economic strata.The issue of how “illegal” and “patently...

PIL For Sensitizing Girls About Menstrual Hygiene, Free Sanitary Napkins In Govt Schools, Delhi HC Notice To Centre,Delhi Govt, MCD's [Read Petition]

With the focus on preparing an adolescent girl for puberty and adulthood through education and ensuring that school drop outs due to lack of access to sanitary products is eliminated, an advocate has moved the Delhi High Court seeking its intervention to ensure no girl child misses on her education and health due to lack of basics.A bench headed by Acting Chief Justice Gita Mittal has...

Promoters Cannot Escape Liquidation Of Personal Assets Given As Security By Filing For Bankruptcy under Code: NCLT [Read Order]

The National Company Law Tribunal recently held that the personal properties of the Promoters given as security to the Banks can be proceeded against, in spite of initiation of insolvency proceedings against the Company.Judicial Member M.K. Shrawat ruled that personal properties of the Promoters would not saved by the Moratorium prescribed by Section 14 of the Insolvency and Bankruptcy...

Law Of Limitation Gives No Extra Time To Govt Bodies: NCDRC [Read Order]

The law of limitation does not permit any extra time for government functionaries that must complete the administrative procedure of seeking approvals for legal matters within the limitation period, the National Consumer Disputes Redressal Commission has held.The NCDRC said so while taking a strict view of the delay of over 233 days caused by Air India in filing appeal against ex...

Transferring RTI Plea Repeatedly Unsustainable, PIO Must Provide All Info Sought Under Law: Delhi HC [Read Order]

An RTI application cannot be transferred from one office to the other and the Public Information Officer is supposed to provide all information sought, subject to legal exceptions, the Delhi High Court has held.Justice Vibhu Bhakru said so, while setting aside two letters issued by the Public Information Officer of Directorate of Education/ Deputy Director of Education by which the...

Subsequent Purchasers Have No Locus To Challenge Already-completed Acquisition: Allahabad HC [Read Judgment]

While dismissing pleas challenging the acquisition of farm land which was completed in the year 1950, by some persons who claimed to have purchased the land later, the Allahabad High Court has observed that purchasers, subsequent to notifications u/s 4(1) & 6 of the Land Acquisition Act, have no locus to challenge acquisition initiated and completed.The first bench comprising Chief...