“Section 18(2) of The SARFAESI Act provides that the Appellate Tribunal shall follow the provisions of The Recovery of Debts Due to Banks and Financial Institutions Act, 1993 in disposing of the appeal unless otherwise provided under The SARFAESI Act or the Rules made thereunder. The proviso to Section 20(3) of The RDDBFI Act empowers […]
Read more "Condonation of Delay III: Section 18, SARFAESI Act Appeals"It is always interesting to note References to a Larger Bench, ones especially made on account of ‘difference’ of opinions amongst Equal Bench Strengths. Eventually, it is flocculation of law of the land; per incuriam decisions stand filtered, retaining still its historical significance. Which SC Judge is known to have scripted, most number of per incuriam decisions? […]
Read more "Referred to Larger Bench II (Answered): Suits of Borrower Against Banks"Sir Salve and Sir Nariman argued on behalf of Sunil Bharti Mittal recently. It is to Mr. Harish Salve’s credit, his ‘neat submission‘ on ‘alter ego’ was accepted. A man is the alter ego of the company. Sir Salve submitted, “principle of alter ego has always been applied in reverse”. It is not the company that […]
Read more "Mr. Harish Salve’s Alter Ego"Section 26 of The Competition Act, 2002 (“Act”) prescribes the “procedure for inquiry of complaints under Section 19”. If Competition Commission of India (“CCI”), on receipt of information received under Section 19, is of the opinion that there exists a prima facie case, it must direct the Director General (“DG”) to investigate. The DG, on receipt […]
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The Last Word 