BENCH- JUSTICE MADAN B. LOKUR, PRAFULLA C. PANT JUDGEMENT BY- JUSTICE MADAN B. LOKUR DATE- 7 APRIL 2017 INTRODUCTION The Consumer Protection Act, is usually understood by the public as the act which protects the rights and needs of consumers through its legislation and provisions under it but most of us are not aware of…
View detailsBACKGROUND OF THE ACTS The East India Company was recognized and accepted as the political power in Bengal in 1757 after the battle of Plassey. In order to avoid the interference by the British Parliament and jealousy of the French and the Portuguese, the company refrained from declaring itself a de jure political power and…
View detailsDevolution The term “Devolution” has a few different definitions. This legal term refers to the transfer of property that occurs as a result of a person’s death, bankruptcy, receivership, and/or liquidation of a corporation that holds an application or mineral title or an interest therein. The application or mineral title will be delivered to the…
View detailsIntroduction Pledge is a type of special contract in the Indian Contract Act 1872. It comes under bailment but is quite distinct. In bailment, the owner delivers the good to another person for some purpose. When the objective is fulfilled the good is returned to the owner. The owner who delivers the good is called…
View detailsIntroduction An unstructured, unlicensed method of transmitting foreign cash within a nation is known as “HAWALA.” All with no documentation, checks, or transparency, this system functions and runs in a manner comparable to that of conventional financial institutions. Transfer is the English translation of the Arabic term hawala. “Hundi” is another name for it. Because it…
View detailsPrimary difference between arbitration and conciliation is that arbitration is the process by which parties select an independent person, who renders a decision regarding the case. Conversely, conciliation attempts to make parties come to an agreement, about the problem at hand. Industrial Disputes are always harmful to all stakeholders – employees, society, management, government, etc.…
View detailsIntroduction 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…
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