In 2017, the privatization of Air India was approved, and in 2018, the Government proposed to unship 76 percent equity share capital of the airline and transfer the management to private entities.[1] However, the offer failed to attract any bidder. Therefore, the Centre planned to divest its entire stake in Air India to attract private entities.
The Supreme Court consisting of a two-judge bench held that non-payment of the entire sale consideration cannot be a valid ground for cancellation of the sale deed. This statement was recorded by the court in the matter of Vidyadhar v. Manikrao, the court held that the words “paid or promised price or part paid and the promised part” indicates that the actual payment of the full price at the time of the Deed is not a non-final sale sine qua non. The court also held that the non-payment of a certain portion of the price would not constitute the legitimacy of the sale. If the title deed has been transferred and the balance of the sale has not been paid then the title deed cannot be invalid for this reason.
A live-in relationship is a practice that has been avoided by Indian society for a long time but nowadays it is in trend. People in India are now evolving and adapting to cultures from western countries. According to Indian law, live-in relationship is not an offense or crime but goes against religious faith in Hindu culture Dharma prefers ‘One man, one wife’. However, society is evolving with time and now people have come out of the shackles of their parochial mindset. Indians are finally ready to accept the change. One of the classic examples of this development is the recent judgment on the decriminalization of Section 377 of the Indian Penal Code, 1860, which shows how Indian laws are also evolving. This article aims to discuss various important aspects of live-in relationships and the status of a child born out of a live-in relationship. What are the remedies available for that child who is born and brought up from a live-in relationship which will not be continued till marriage?
India is the developing economy of the world. Therefore, in order to regulate the market, the Government decided to regulate the market in order to prevent unethical trade practices in the economy. The Competition Act, 2002 was enacted to ensure fair and ethical trade practices in the market. On 20th February 2020, the Government introduced Draft Competition Amendment Bill, 2020 in the public domain. The bill has been prepared by the Committee set up in the year 2018 known as Competition Law Review Committee (CLRC) which submitted its report in July 2019.
Recently in January 2021, the Hon’ble Bombay High Court’s Nagpur Bench created a huge controversy by delivering a verdict where they acquitted an appellant charged under Section 7 of the Protection of Children from Sexual Offences (POCSO) Act. The judgment comes as a huge shock, especially with regards to sexual assualt against male children.
On 1 March 2021, the Securities and Exchange Board of India (hereinafter referred to as “SEBI”) introduced a consultation paper.[1] The paper suggested amendments to improvise the role and the position of an Independent Director (hereinafter referred to as “IDs”) in corporate governance. It proposed to make changes in the provisions of the Listing Obligation and Disclosure Requirements Regulations with respect to the appointment and re-appointment of IDs, the removal of IDs, nomination, resignation, and remuneration of IDs. These changes, if applied in letter and spirit, will change the future of corporate governance. This paper aims to highlight the position of IDs under current provisions and the changes suggested by the SEBI in order to analyze their effect on the role and functioning of IDs in a company.
Eradication of poverty has been a major objective of the Indian government in recent times. The base on which growth of the Indian economy is built is infrastructure, where India substantially lacks. However, in recent times in India reduction of poverty and enhanced economic growth has emerged as the main objectives of the government and infrastructural bottlenecks are seen as the major hurdle to achieve that objective.
Real estate brings major changes in the economy of a nation in terms of investment. Investments were being discouraged, because of a lack of regulatory mechanism. The Insolvency and Bankruptcy Code came into force in 2016[1]. The amendment in the Code, in 2018 brought ‘real estate allottees’ under the realm of financial creditors. The constitutionality
The data collection by the Arogya Setu App has triggered a series of questions including: whether the data collected thereof is secured with government agencies? Whether the right to health of the public at large prevail over an individual’s right to privacy? Whether the right to privacy could be waived by the state to secure the right to health? These queries need immediate attention of the government when the App itself is argued to be the subject of varied sorts of security issues.
