Introduction We come across promises given to us on a regular basis throughout our lives. The person in front of us will frequently try to highlight a point by saying something like, “Let me put it in writing for you.” However, such a contract is not legitimate in the eyes of the law unless certain…
View detailsIntroduction From section 38 of the Constitution provides for the procedure for dealing with detained tools. Section 40 gives the Collector the power to certify as a properly sealed instrument and if the instrument is not properly stamped, it is empowered to collect the missing stamp fee and fine and issue a certificate. Collector (a)…
View detailsWhile deciding on a complaint or a second appeal, the CIC or the SIC has the authority to impose a penalty on the PIO under Section 20(1) of the RTI Act[1]. While deciding on a complaint or a second appeal, the CIC or the SIC has, the authority to impose a penalty on the PIO…
View detailsIn contrast to the money market, which deals in short-term funds, the Indian capital market deals in long-term loanable funds. It refers to the borrowing and lending facilities and institutional arrangements for ‘term funds,’ medium-term, and long-term funds. In general, industries employ capital market loans primarily for fixed investment. It is not concerned with capital…
View detailsIntroduction The Lok Sabha and the Rajya Sabha allegedly granted an allowance parliamentary committee to submit its report on the Personal Data Protection Bill, 2019 (PDP Bill) for the fourth time, recently. The previous report suggestion deadline was extended till the latter half of the Budget Session. According to numerous sources, the Committee would present…
View detailsA pledge transaction is conducted between a pawnor who delivers something as a security to a pawnee who keeps the good for a specific time mentioned in the contract. In a pledge, the pawnee has possession of goods that actually belong to the pawnor. The Contract Act provides pawnee certain rights with respect to holding…
View details“Arbitral tribunal” means a sole arbitrator or a team of arbitrators. An arbitral tribunal is a panel of one or more arbitrators which is convened and sits to resolve a dispute through arbitration. The tribunal may consist of a two or more arbitrators, or there may sole arbitrator, which might include either a chairman or…
View detailsIntroduction A pledge is a type of special contract where the pawnor delivers a good to the pawnee as security for paying a debt or keeping a promise. Sections 172 to 181 of the Indian Contract Act 1872 deal with pledge. Pledge comes under bailment, hence, the pawnor who is originally a bailor enjoys the…
View detailsIntroduction The 53rd Constitution Amendment Act came into picture in 1986 in order to ensure ultimate peace & statehood in Mizoram in order to eradicate unnecessary interference of the Central Government. Numerous laws were enacted in order to ensure complete freedom to Mizoram from external interference for eg. laws which were related to spheres of…
View detailsAlternative Dispute Resolution (ADR) is a strategy for resolving disputes and disagreements between parties by reaching an amicable / peaceful settlement through negotiation and discussions. It is an attempt to establish an alternative to conventional dispute resolution. The ADR system provides assistance in resolving business and other issues where it is not possible to initiate…
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