Delhi High Court in a recent judgment has issued a direction to the National Consumer Dispute Redressal Commission (hereinafter referred to as “NCDRC”) inter-alia that whenever judgments are reserved, they ought to be pronounced in accordance with the timelines prescribed with the timelines prescribed in the case of Anil Rai v. State of Bihar, …

We all understand and well appreciate what crucial role the Principles of Natural Justice play in matters before Quasi judicial Authorities, Administrative Authorities and other authorities. Principles of Natural Justice are deeply entrenched in our Constitutional Jurisprudence. These principles ensure elimination of bias, arbitrariness. In a recent decision, the Hon’ble Supreme Court of India has …

Recently, Global Chamber of Professionals organized a Panel Discussion on following Topic: Topic: Shri Ram Mandir: Economic and Social impacts in India Panelists: CA (Dr.) Raj K. Agrawal Sh. Atul Jain Dr. Meena Jangid Adv. (CA) Puneet Agrawal https://youtu.be/zWilui7qIL0

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 …

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 …

“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 …

Requisite of A Consolidated Code: The Insolvency and Bankruptcy Code, 2016 (herein referred to as the “Code”) is a major legal breakthrough towards assessing the viability of an enterprise and the overall resolution of the stressed assets laws in the country. The economy is straddled with humongous NPAs in the financial sector and the twin …

The Bankruptcy Law Reforms Committee (BLRC) submitted a report on the Rationale and Design of an Insolvency and Bankruptcy Code in November, 2015. The Committee was chaired by Mr. TK Viswanathan and 14 other prominent members. The report enunciates about the reforms made to the financial sector which has transformed the way of economic thinking …