Category: Corporate Litigation-All In Way

Bankruptcy Code to get substantive amendments in budget

The government is likely to make substantive amendments in upcoming budget into Insolvency and Bankruptcy Code (IBC).

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Bank of India put under vigilant restorative action by RBI

Bank of India (BOI) to have its place as 8th lender to come under the Reserve Bank of India’s (RBI) prompt corrective action (PCA) as bad loans ascend

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24 NPA Accounts to make reference to NCLT by banks

With the closure of Reserve Bank of India’s (RBI) deadline to resolve the 28 identified large stressed accounts in the second list, banks are gearing up to

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NGO’s to open a bank account as directed by the Home Ministry

The Home Ministry has directed all NGO’s, business entities and individuals who receive funds from abroad to open accounts within a month.

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Properties of struck off companies from ROC can’t be enforced

Properties of struck off companies from ROC can’t be enforced, operated, transferred or alienated in any manner by companies including ex-directors.

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SC refuses to grant more time to Jaiprakash Associates for depositing Rs125 crore.

New Delhi: The Supreme Court on Thursday refused to grant extension of time to Jaiprakash Associates Ltd (JAL) to deposit Rs125 crore. The amount is to be deposited by the end of this month. JAL was seeking time until 31 January to deposit Rs125 crore. As of now, the company’s liability is Rs1,525 crores. “Comply with … Continue reading “SC refuses to grant more time to Jaiprakash Associates for depositing Rs125 crore.”

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Details of cases against MP’s & MLA’s to be track down by SC

Supreme Court will track down the details of cases against MP’s & MLA’s that are pending since 2014. The aim of this action is to put a full stop on politicians facing crimin­a­l charges from contesting ele­c­tions. As per the direction, a bench of Justices Rajan Gogoi and Navin Sinha faddish the criminal cases filed … Continue reading “Details of cases against MP’s & MLA’s to be track down by SC”

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10 Individuals banned by SEBI for Fraudulent Trade

Securities and Exchange Board of India (SEBI) has banned 10 individuals as they were sending out fake Short Message Service (SMS) in bulk recommending people to purchase the shares of the company to pump up trading volumes in the shares of Supreme Tex Mart Ltd (STML). According to SEBI, the SMS was sent to innocent … Continue reading “10 Individuals banned by SEBI for Fraudulent Trade”

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SC: Clarifies That Polygamy & Other Issues Will Not Examine In Triple Talaq

Supreme Court today began hearing petitions challenging the practices of triple talaq, polygamy and nikah halala.

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Government has made E-Stamping Mandatory for Transactions above Rs 1 Lakh

E-stamping to be made mandatory for transactions above Rs 1 lakh. A gazette notification has been issued in this regard after amending the Stamp rules of 1960.

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