JUDICIAL PROCESS
Spread out IBC to make it effective
The Insolvency and Bankruptcy Code is highlighting process failures at various levels, with low realisation and limited success in resolution. Rebalancing between creditors and debtors, addressing legal challenges, and increasing efficiency are crucial for improving the insolvency resolution process in India.
India must reflect & implement essential reforms to strengthen the arbitration process
The recent finance ministry notification in India has raised concerns by discouraging automatic arbitration clauses in procurement contracts. The move aims to address the unsatisfactory experience of the Government of India (GoI) in arbitration and promote mediation or court resolution for disputes. This decision has sparked a debate on the effectiveness of alternative dispute resolution methods and their impact on business dealings, particularly with global companies.
Process to pick GSTAT judicial and tech members to start after Budget
Sanjay Malhotra's panel progresses GSTAT selection with an advanced appeals portal. Mishra heads GSTAT amid delays, critiqued by Mathews. GST Council sets time and monetary limits for cases, enhancing tribunal functionality.
Arvind Kejriwal demanded Rs 100 crore bribe, ED tells court while opposing bail plea
Delhi CM Arvind Kejriwal demanded Rs 100 crore bribe from South Group for his party, as per Enforcement Directorate in a money laundering case related to excise scam.
Assam government to establish Directorate of Prosecution to expedite legal processes
Assam government inaugurated new judicial court building in Sivasagar district. Chief Minister emphasized the need for robust justice delivery system. He also visited Lachit Maidam in Jorhat district for development project phase 2.
NCLT dismisses developer’s intervention plea at pre-admission stage
The National Company Law Tribunal dismissed an intervention petition by Surya Landmark Developers regarding exclusion of its prime 0.5-acre land parcel in Mumbai's Lower Parel from insolvency proceedings initiated by ACRE.
Bankruptcy court admits ICICI Bank's insolvency resolution plea against Jaiprakash Associates
Admission affects deal with Dalmia Bharat Group for Rs 5,666 crore. Case represented at NCLT.
Unclaimed shares moved to IEPF, a govt fund? Here's a step-by-step guide on how to get back shares
Unclaimed shares: If you have found that your shares have been transferred to Investor Education and Protection Fund (IEPF) then do not worry. You can get these shares back from the IEPF Authority by filling up the online IEPF-5 e-form. However before filing up thise-form you need to know certain important aspects like entitlement letter. Read here to know more.
MEA processing Karnataka request on Prajwal Revanna
With pressure mounting to nab absconding Revanna, who is wanted in cases of alleged sexual abuse of women, the Karnataka government wrote to the external affairs ministry seeking a cancellation of his diplomatic passport on the basis of an arrest warrant.
Ladies at the head of the lines
The first five phases of the 18th Lok Sabha elections in India have concluded, with strong voter turnout, especially among women. Despite concerns, 66.95% turnout was recorded in the first four phases, with 25 million more voters than in 2019. Women have shown significant political engagement, with their voter numbers increasing more than men's. Key states like Karnataka and Telangana saw substantial voter increases. This trend continues the pattern of higher voter participation seen since 2014, highlighting women's growing influence in Indian politics.
Biden to secure 200th judicial confirmation as election looms
President Joe Biden is set to secure his 200th appointment to the federal judiciary, surpassing his predecessor Donald Trump's pace. Reaching this milestone shows Biden's progress in matching Trump's tally of 234 judges appointed to life-tenured positions on the federal bench.
CJI DY Chandrachud says Indian courts have come to be reimagined as democratic spaces of discourse
CJI Chandrachud emphasized the transformation of courts into democratic spaces of discourse due to COVID-19 challenges at the J20 summit in Brazil He highlighted the Supreme Court's Program to Fight Disinformation and the use of technology like SUVAS for translation and Digital Supreme Court Records for easy access to judgments. He stressed the importance of addressing inequalities in judicial processes and the need for sustained efforts to tackle issues like AI bias and misinformation.
Salman Khan shooting incident: Ex-girlfriend Somy Ali apoligises to Bishnoi on actor's behalf. Here's what she said
Somy Ali, known for her roles in the 90s, supports Salman Khan amidst safety concerns, especially after a firing incident near his home. In an interview, she expressed distress over his situation, wishing no one goes through what he has. Ali, who had a publicized relationship with Salman, emphasizes compassion and forgiveness, advocating for legal due process. She appealed to the Bishnoi community to forgive him.
NCLT approves Sapphire Media's acquisition of Big 92.7 FM
NCLT Mumbai approved Sapphire Media's plan for Big 92.7 FM, paying Rs. 261 crore to creditors. The resolution process began in February 2023 under the Insolvency and Bankruptcy Code, with a creditors' committee approving the plan on November 11, 2023.
Delhi HC directs release of Newsclick HR head Amit Chakravarty in UAPA case
Delhi High Court orders Amit Chakravarty's release from custody under UAPA law due to medical reasons, turning him into an approver and prosecution witness in a case involving alleged pro-China propaganda spread by NewsClick.
Integration of AI in modern processes raises complex ethical, legal & practical considerations, says CJI
Justice Chandrachud said while AI presents unprecedented opportunities, it also raises complex challenges, particularly concerning ethics, accountability and bias and addressing these challenges requires a concerted effort from stakeholders worldwide, transcending geographical and institutional boundaries. He was speaking at a two-day conference on technology and dialogue between the Supreme Courts of India and Singapore.
Former CJI Ranjan Gogoi draws line between ‘judicial activism' and ‘judicial overreach'
Former CJI Ranjan Gogoi stresses the importance of balancing free speech and preventing misinformation while addressing the judicial backlog, quality justice, ethical standards, and the erosion of faith in the judiciary at the 76th Gauhati High Court foundation day.
BJP's Ravi Shankar Prasad backs letter by 600 lawyers to CJI against 'group trying to influence verdicts'
"...It is indeed saddening that some people, including those who are close to the Congress establishment, have always taken a very grim view at times about judiciary, depending upon what kind of judgments have come. These are the people who at one time talked of committed judiciary. These are people who at one time hailed the supersession of judges by the Congress government in the 1970s...Indian judiciary is an extraordinary institution. We are very proud of it," the BJP MP said.
AAP moves SC against removal of its 'encroachment' on land allotted to Delhi HC
AAP claimed there is no question of it "encroaching" on a space duly allotted to it in 2015 and that has been in its possession since then. It said while the party remains ready and willing to vacate the subject premises and requested the top court to direct that such vacation be required only after at least one of the two office spaces that the applicant is entitled to are allotted to it in the New Delhi Municipal area of a nature appropriate to the applicant's status as a National Party.
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