The Reserve Bank of India (RBI) on January 31 imposed restrictions on Paytm Payments Bank Ltd (PPBL), following a system audit report and subsequent compliance validation report of external auditors. PPBL is barred from accepting deposits or top-ups in any customer account, wallets or FASTags after February 29 under section 35A of the Banking Regulation Act, 1949.
The Supreme Court on January 12, 2024, refused to stay the operation of the new law providing for appointment of chief election commissioner (CEC) and election commissioners (ECs) by a panel that does not include the Chief Justice of India (CJI). “We will not stay it… stay is not possible. It’s a statutory provision,” said
On an application filed by the Hindu plaintiffs, the Allahabad High Court on January 11, 2024 consolidated 15 suits related to the Sri Krishna Janmabhoomi-Shahi Idgah Masjid dispute in Mathura. On December 14, the High Court had allowed an application for the appointment of a commission to inspect the Shahi Idgah mosque complex. Before that in May 2023,
Many law students in India today, aspire to land a corporate law job in a law firm or a company after graduating from their respective law schools. It is only if no job offer comes their way do they settle for a path in litigation. This unusual bias that prevails in most students can attribute
A round-up of significant rulings on the Insolvency and Bankruptcy Code, 2016 in the month of August. The enactment of the Insolvency and Bankruptcy Code 2016 (Code) has had significant ramifications on the corporate insolvency landscape. Over time, the Code has witnessed a manifold increase in litigation, and consequently in the number of decisions. This
INTRODUCTION Legal risk analysis is all about controlling risks, seeking to avert them from arising, or attenuating their impact through processes of assessment, decision-making and predominance. Process-driven risk assessment necessitates that significant risks are expounded and measured with some clarity. Such risks are then acknowledged as tolerable. Some regulators and corporate governance standards either directly
IP Rights or Intellectual Property rights are the laws used to protect the monopoly of the creator over his original work through Copyrights, Trademark, Patent, Industrial design, Trade Secrets and Geographic Indication. Copyrights are used to protect the literary or artistic work of an individual or company. Trademark are used to differentiate between the goods
MR. KAVIRAJ SINGH, PRESIDENT OF NBAI (FOUNDING PARTNER – TRUSTMAN & CO) WILL PRESIDE CMS WORLD FORUM AS AN EMINENT SPEAKER, AT MADRID ON OCT 16th – 20th 2012. Mr. Kaviraj Singh will share the will share their experiences on best practices, trends and challenges for the collections industry in the BRIC panel and there will
