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THE BANNING OF UNREGULATED DEPOSIT SCHEMES ORDINANCE, 2019

Commencement, scope and overriding effect: The Ordinance called the Banning of Unregulated Deposit Schemes Ordinance, 2019 notified on 21st February 2019 came into force on the same date. It extends to the whole of India except the State of Jammu and Kashmir. The Ordinance is in addition to provisions of other law Sec.35[/efn_not]. The Ordinance … Continue reading THE BANNING OF UNREGULATED DEPOSIT SCHEMES ORDINANCE, 2019

Directions of the Supreme Court and High Courts in India

India's Supreme Court and high courts regularly issue instructions to various government agencies, both at the central and state levels on slew of matters. Some of these directions also extend to lower courts. Here an attempt is made to create a list of some of such court rulings that aim to make people's lives easier. … Continue reading Directions of the Supreme Court and High Courts in India

Sharing my recent experience of the power of Mediation and Negotiation.

Last Thursday, I was driving my car and waiting at a signal to take left turn. As soon as the signal turned green, I took left turn. Hardly I would have travelled 100 meters and I heard some noise like some one is knocking. I had second thought, that may be there was something on … Continue reading Sharing my recent experience of the power of Mediation and Negotiation.

Why settle family disputes by mediation?

Family disputes are different because it involves not only legal and technical issues but a lot of non-legal issues. And all these are inter-woven. Words of our own hurts more than anything else, even more than actions. It also deals with not only partition, inheritance and/or divorce, but every individual's perspective is filled with different … Continue reading Why settle family disputes by mediation?

Mediation under the Consumer Protection Act 2019

Chapter V of the Consumer Protection Act 2019 provides for the Mediation. It comprises of eight provisions - Sections 74 to 81. It has come into force from 20th July 2020. Recently, Supreme Court of India has directed all State Governments and Union Territories to take measures to establish Mediation Cells and enable e-filing of … Continue reading Mediation under the Consumer Protection Act 2019

Pre-pack under the IBC: an option for MSME Corporates to resolve its financial distress without losing control

India has made drastic change on the way insolvency is resolved for corporate entity with limited liabilities with the enactment of much coveted Insolvency and Bankruptcy Code, 2016 (the IBC). And recently it has witnessed the 6th amendment to the IBC. This shows that while the IBC is in the making (work in progress), what is heartening … Continue reading Pre-pack under the IBC: an option for MSME Corporates to resolve its financial distress without losing control