Other Laws Archive

Big Boost for Entrepreneurs as Central Government redefines criteria for enterprises to be classified as MSME

The Ministry of Micro, Small and Medium Enterprises has recently issued a Notification dated 1st June, 2020, notifying the criteria for classification of micro, small and medium enterprises. Vide the said Notification, the Government has significantly amended the criteria for an enterprise to be classified as Micro, Small and Medium Enterprises. The announcement for the …

Delhi High Court issues Notice to RBI on plea of NBFC challenging the order of cancellation of CoR

In a recent case, the Delhi High Court has issued Notice to the Union of India and Reserve Bank of India (RBI) on plea of a Non-Banking Finance Company (NBFC), challenging the order of RBI cancelling its Certificate of Registration and subsequent Appellate order passed by Appellate Authority for NBFC Registration upholding the same. The …

A discussion on maintainability of Writ Petition under Article 226 where disputed questions of facts exist.

A discussion on maintainability of Writ Petition under Article 226 – where disputed questions of facts exist. Under Article 226 of the Constitution of India, the High Courts are given the power to issue writs. That this power to issue writ is a discretionary power of the High Courts.  However, the High courts while entertaining …

Swiss Ribbons Pvt. Ltd. & ANR. V. Union of India & ORS. Comprehending The Underpinnings of The Insolvency And Bankruptcy Code, 2016

“The defaulter’s paradise is lost. In its place, the economy’s rightful position has been regained”, this is how the Supreme Court summed up the judgment upholding the constitutional validity of various provisions of the Insolvency and Bankruptcy Code, 2016 (herein referred to as “Code”). The Code paves way for a consolidated and un-bifurcated exhaustive law …