Shiju P Veetil, Senior Partner, INDIALAW LLP Quoted in The Smart Investor

Admiralty Jurisdiction in India

Introduction The terms maritime and admiralty are often used interchangeably but there is a significant difference between both the terms. Maritime law relates to the legal rules dealing with the concept of carrying goods and

Section 148 NI Act-Deposit of Minimum 20% Amount Is Not An Absolute Rule; Can Be Relaxed If Exceptional Case Is Made Out: Supreme Court

INTRODUCTION The Division Bench of the Hon’ble Supreme Court Comprising of Justice Abhay S. Oka and Justice Pankaj Mithal in the matter of Jamboo Bhandari v. M.P State industrial Development Corporation Ltd, has held that

When A Right Accrued In Favour Of The Auction Purchaser Is Denied By The Secured Creditor, The Auction Purchaser Is Entitled To A Hearing Before Forfeiting The Amount: DRAT Kolkata

The Hon’ble Debt Recovery Appellate Tribunal, Kolkata comprising of Justice Anil Kumar Srivastava in Punjab National Bank Vs. held that when the right of forfeiture under Rule 9(5) of Security Interest (Enforcement) Rules, 2002 is

Court Can Determine Stamp Duty Payable Under The Unstamped Arbitration Agreement – Bombay High Court

Recently, in the case of John Cockerill India Ltd. vs. Sanjay Navare[1], the Hon’ble Bombay High Court held that the Court can determine the stamp duty payable under the unstamped Arbitration Agreement. The Court was

Auction Purchaser Is King: Supreme Court Upholds The Sanctity Of The Auction Process As Envisaged By The SARFAESI Act Over The Right To Redemption Of A Mortgagor

In a recent decision[i], the Hon’ble Supreme Court[ii] [“SC”] has declared that the auction procedure laid down in section 13 (8) of the Securitization and Reconstruction of Financial Assets and Enforcement of Securities Interest Act,