The Supreme Court on Wednesday stated that auditors cannot escape being probed or resign if a fraudulent case filed against their companies. The observation was made by the apex court that overturned... Read more »
The Supreme Court recently sought the response of five tyre manufacturing companies in an appeal filed by the Competition Commission of India (CCI) against a National Company Law Appellate Tribunal (NCLAT) order... Read more »
he Delhi High Court on Friday ordered BSNL to initiate department investigation related to the alleging of a criminal conspiracy between BSNL and ZTE officials, for which the CBI found no evidence.A... Read more »
The Supreme Court has dismisses the petition of Sabarmati Gas limited against Shah Alloys Limited. Supreme Court observed and found that appeal is liable to be dismissed as there existed a ‘pre-existing... Read more »
The Supreme Court in the case Jain P. Jose vs Santhosh observed and has reiterated that the presumption under Section 139 of Negotiable Instruments Act, 1881 includes a presumption that there exists... Read more »
A portfolio manager is a body corporate who pursuant to a contract or arrangement with a client, advises, directs or undertakes on behalf of the client (whether as a discretionary portfolio manager),... Read more »
The benches of the National Company Law Tribunal (NCLT) have been reconstituted witheffect from 1 December 2020. The benches shall hear matters of respective jurisdiction aswere hearing before location (before 23 March... Read more »
“…It was the best of times, it was the worst of times….” (Charles Dickens, a Tale of Two Cities, 1859) The Insolvency & Bankruptcy Code (IBC) was projected and portrayed as a... Read more »
The genesis of the institution of Independent Director should be viewed from the ownership of the company vis-àvis management. Board of Directors is an integral part of the company. In layman’s language,... Read more »
All four measures, particularly the introduction of Section 10A, are likely to have significant implications and impact on the resolution of corporate distress going forward. Read more »