When the special law have specific provision, general law would impliedly be excluded RELEVENT STATUTES: Arbitration and Conciliation Act 1996; National Highways Act 1956 BRIEF FACTS & PROCEDURAL HISTORY: The relevant facts are that the subject land comprised in “Sayedabad Tea Estate” situated at Mouza Purba Madati, J.L. No. 108, Police Station Phansidewa, Dist. Darjeeling…
Nunc pro tunc – “now for then”. The maxim nunc-pro-tunc was held to mean that if owing to the delay in what the court should, otherwise, have done earlier but did later, a party suffers owing to events occurring in the interrugnum, the court has the power to remedy it. The area of operation of…
Nullus Commodum Capere Potest De Injuria Sua Propria – No man can take advantage of his own wrong/ No person can claim any right arising out of his own wrong doing. The maxim nullus commodum capere potest de injuria sua propria has a clear mandate of law that, a person who by manipulation of a…
Insolvency and Bankruptcy code is enabled through different authorities and professionals. All these work in a system where the implementation of the code is ensured for the benefit of the industry. Important participants in the ecosystem are as follows Insolvency and Bankruptcy Board (IBBI) – IBBI is an apex body governing Insolvency and Bankruptcy Code…
Insolvency – Insolvency is a state where the liabilities of an individual or an organization exceeds its asset and that entity is unable to raise enough cash to meet its obligations or debts as they become due for payment. Technically insolvency could be a financial state when the value of total assets of an individual…
The Code applies to companies, partnerships and individuals. The main aim of the code is to resolve insolvency related process within a time frame. It provides for a time-bound process. When a default in repayment occurs, creditors gain control over debtor’s assets and must take decisions to resolve insolvency within a 180-day period. It means a…
What is Insolvency & Bankruptcy Code? The code is the law consolidating all existing insolvency and bankruptcy laws in India. This is one of the biggest insolvency process laws in India. The purpose of the law is reorganization and insolvency resolution of corporate persons, partnership firms and individuals in a time bound manner for maximization of the…
The Insolvency and Bankruptcy Code, 2016 (IBC) is the bankruptcy law of India which seeks to consolidate the existing framework by creating a single law for insolvency and bankruptcy. Ease of doing business is the target of the Government, and IBC is one of such focused step taken in that direction. When we hear the word ease of…
Go for a walk, not make a walk. Don’t say: We made a walk along the river. Say: We went for a walk along the river 2. Go for a ride on a bicycle, etc., not go for a walk on a bicycle, etc. Don’t say: We went for a walk on our bicycles. Say:…
Q.1 How the CSEET will be conducted? Will it be conducted from Test Centres or from Home? CSEET shall be conducted through REMOTE Proctored mode instead of conducting the same from Test Centres. Candidates are allowed to appear for the test through laptop/desktop from home or such other convenient and isolated place. Candidates shall not…
