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DRT has no jurisdiction to issue Certificate of Recovery against the Guarantor-Part 2

1.  It is submitted that the recovery proceedings against the Guarantor before hon’ble Debts Recovery Tribunal (hereinafter ‘DRT’ or ‘Tribunal’) under section 19 of the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 (hereinafter ‘DRT Act’) are absolutely wit..

Posted in articles |   8 comments |   4076 Views


India can stop sledging in world cricket

Cricket was known as a gentlemen’s game. Not any more. Sledging has become an integral part of this game which is used mostly by the fielding side to provoke and upset the batsmen so that they lose their concentration, and play rash and thereby, end up losing their wicket. Sometimes, batsmen also d..

Posted in articles |   3 comments |   1028 Views


Mortgage similar to pawning?

A couple obtained multiple mortgages. How long did the fiddle continue?   Everyone needs money. But there are ways—good and bad ways—to earn it. This time, we travel with people who take the unbeaten path.    p s..

Posted in articles |   3 comments |   1330 Views


We can't be serious about ease of doing business in India

World Bank has been reporting its Ease-Of-Doing-Business rankings for a long time showing India in a dismal light, even in comparison with its immediate neighbours or even with South East Asia averages. The fact that South East Asia itself is no big achiever in the world has not helped. Newspapers consistently highlighted these reports every year, but rulers never ..

Posted in articles |   4 comments |   1351 Views


The Doctor: Did he, or didn’t he?

The cases of a Delhi doctor facing rape charges and a shrink who faces up to  five years in jail as per German law   These are two cases involving two doctors, one in India and the other in Germany. One a sad episode in everyday life, the other would be funny—if it wer..

Posted in articles |   4 comments |   1864 Views


Void Marriages under Muslim Law

Overview   In Muslim law marriages are of the nature of civil contract and there are three kinds of marriages sahih i.e. valid, fasid i.e. Irregular and batil i.e. void. There are c..

Posted in articles |   4 comments |   5851 Views


Related Party Transactions: Some perspectives

The Companies Act, 2013 (hereinafter referred to as “the Act”) provides a composite code for regulating transactions with related parties through the insert of provisions under Section 177 and 188 and Rules prescribed under the Companies (Meetings of Board  ) Rules, 2014.To ease the rigmarole associated with obtaining sanctions..

Posted in articles |   1902 Views


Dowry Deaths- How true?

A woman whose mother was jailed for several months and brother continues to be behind bars under the alleged offense of “Dowry Death” raises some pertinent questions.    Is a Married Woman’s Death always due to Dowry? Can that be the only reason behin..

Posted in articles |   35 comments |   4563 Views


Rail Budget-2015

Rail Budget has lots of promises for common passengers as it had in last July 2014 Budget too like on cleanliness and CCTVs to monitor cleanliness activities but nothing positive is seen on its results.   Train fares are not increased to benefit commuters –whatever toll pro..

Posted in articles |   1157 Views


AAP and the endless land acquisition lament

It seems India will not cease washing its land acquisition laundry in public any time soon! Of the many reasons being ascribed for the resurrection of the Kejriwal bandwagon in Delhi, the Government's attempt to promote growth by cracking the land acquisition logjam is now being cited as one. Why you may ask should that be so? Let's look at the issues.&nb..

Posted in articles |   1649 Views


What's in a name?

WHAT’S IN A NAME? A lot, Mr. Shakespeare. Especially if your company is named Taylor & Sons Ltd.   Taylor & Son Ltd. was a company in Cardiff. Did readers get that right? Did they notice the difference? Therein lies the rub./..

Posted in articles |   4 comments |   1589 Views


Road Transport and Safety Bill, 2014

In the afternoon, I was browsing through the March 1, 2015 edition of ‘The Week’ magazine, as its cover caption and photo caught my eye. The photo was of a handsome, rich young man standing in front of his Ferrari, just next to the cover caption – “Rash, Brash Indians”. p class="MsoNormal" style="text-align: j..

Posted in articles |   2 comments |   1611 Views


Budget wishlist: What govt must do to ease pain of common man?

As February 28 draws closer, a lot of expectation has built up on the tax front as this will be the first full-year Budget to be presented by the Modi government. The government has previously conveyed its intention to simplify the taxation system and provide relief to taxpayers.   To ..

Posted in articles |   1095 Views


AAP's subsidy on Electricity Bills in Delhi; unsound economically, legally and administratively

Political Leadership must have an in-depth and comprehensive economic, administrative, political and cultural understanding, coupled with a clear & viable vision of what is good for the People and the Country as a whole -- as also the acumen to plan and execute a systematic programme, with the help of all segments of Socie..

Posted in articles |   7 comments |   2642 Views


FAQs: The Consumer Protection Act, 1986

1. Who is a consumer?   Section 2(d) of the Act defines consumer as:   "consumer" means any person who—   p sty..

Posted in articles |   5 comments |   2510 Views


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