A Deficiency can be correct in Appeal: NCLAT

NCLAT said that if there was deficiency in pleading, the same could be corrected by giving opportunity before this Appellate Tribunal to amend the pleadings. In Appeal naturally pleadings could be by filing Application and reply supported by documents.

Registration of default with NESL not mandatory

The NCLT Kolkata Bench imposed a mandatory condition on all the financial creditors to file information of their record of default with the National E-Governance Services Ltd. (NESL).

Proceed to NCLT for recovery of dues under Insolvency & Bankruptcy Code

To initiate recovery procedure one can approach the National Company Law Tribunal which exercises the power to dispose cases under Insolvency Code.

Contempt of Court– Again a lawyer get two months imprisonment

The Bombay High Court today sentenced lawyer Satish Uke to two months of simple imprisonment for committing a criminal contempt of court by making frivolous allegations against judges and others. The Nagpur bench of the High Court also slapped a fine of Rs 2,000 on him. A division bench of Justice Prasanna Varale and Justice ZA Haq ordered Uke to surrender before the police … Continue reading “Contempt of Court– Again a lawyer get two months imprisonment”

Catalyzing Compliance: Procedural Framework for Insolvency Professionals in Accessing Income Tax Portals for Corporate Debtors

The designation and subsequent empowerment of an Insolvency Professional (IP) within the framework of a Corporate Debtor entail an array of responsibilities primarily focused on the effective management of the corporate entity.

The Real Estate (Regulation And Development) Act, 2016- A Boon for the Flat Buyers

The parliament in order to regulate this one of the fastest-growing sectors passed “The Real Estate (Regulation and Development) Act, 20164 which came into effect on 1st May 2016.

What are Trademarks in India?

In India, a trademark is defined under the Trade Marks Act, of 1999. It is a recognizable mark or symbol that distinguishes the goods or services of one entity from those of others.