This case the dispute between the parities contract termination against the agreement dated 04.12.2007. The Charterer had engaged the service owners(Seaspray Shipping) to ship a cargo of 2000,000 MT of Cocking in From Australia to East Coast In India. The shipment period was April 2008 to Dec 2012. Evenly spread per month basis. The DisputeContinue reading "Steel Authority Of India Ltd vs M/S Seaspray Shipping Co Ltd on 28 February, 2019"
The LEGAL METROLOGY ACT, 2009
File Photo from http://www.mrplabel.com INTRODUCTION: The Legal Metrology Act, 2009 is an act of parliament, enforced into existence on 1st April, 2011. The act was enacted to establish and enforce standards of weights and measures, regulate trade and commerce for goods which are sold or distributed. According to the Section 2(g) of the Act, LegalContinue reading "The LEGAL METROLOGY ACT, 2009"
Impact of supreme court judgement scrapping RBI circular which mandated banks to refer companies which defaulted to refer to NCLT.
Background - Most of the companies in Power Sugar Fertilizer etc., are badly affected by the RBI circular, with mandated banks to refer the defaulting companies, where the debt is overdue ever for one day beyond 180 days. Most of the companies in this sector viz., Sugar Power Fertilizer etc., are regulated and their businessContinue reading "Impact of supreme court judgement scrapping RBI circular which mandated banks to refer companies which defaulted to refer to NCLT."
NOTA – Empower the Democracy
I was travelling in a cab on 18-Apr-2019. Asked the driver if he cast his vote. He answered that he did prefer any of the candidates, so why make a trip to his hometown to caste a NOTA vote. What is NOTA The acronym NOTA stands for “None of the Above”, has become popular withContinue reading "NOTA – Empower the Democracy"
REGULATION OF SOCIAL MEDIA Vs FREEDOM OF SPEECH & EXPRESSION
Social media platform like facebook, twitter, WhatsApp etc. has become stronger than before thanks to rising popularity of smartphones and amazing data offers by the telecoms. But do we feel that we are relying too much on the social media platforms. Recently a 15-day old baby requiring urgent surgery was shifted to a hospital fromContinue reading "REGULATION OF SOCIAL MEDIA Vs FREEDOM OF SPEECH & EXPRESSION"
Ranbaxy – Daiichi Arbitration case – Rs.3500 Crores- A Failure of Regulatory Diligence.
Recently I came across the Supreme Court order of Directing Malvinder Singh and Shivinder Singh to submit a concrete plan for paying Rs 3,500 crore to Daiichi Sankyo as directed by a Singapore tribunal in Business Today. About Ranbaxy Ranbaxy Laboratories Limited is basically a pharmaceutical company that was incorporated in India in 1937. Ranbaxy exports its productsContinue reading "Ranbaxy – Daiichi Arbitration case – Rs.3500 Crores- A Failure of Regulatory Diligence."
Some interesting facts and information related to “ORU VIRAL PURATCHI*”
What qualification do we need to contest in Election? The qualification for membership of parliament & sessions of parliament, propagation and dissolution are defined under article 84 of Constitution of India 1949. Article 84(a) of the constitution of India visualizes that a person shall not be qualified to be chosen unless he is a CitizenContinue reading "Some interesting facts and information related to “ORU VIRAL PURATCHI*”"
Outsmarting an Insurance Company!!!!
While thinking on topics to write the second blog, I came across a SC judgement on an interesting case “United India Insurance Company Ltd. Vs. Antique Art Exports Pvt. Ltd.”(Insurer vs Insured) To give a background the Insured had purchased 2 standard fire and special peril policies from the Insurer dated June and October, 2013.Continue reading "Outsmarting an Insurance Company!!!!"
Reliance Communications has filed for bankruptcy for debt resolution
Reliance Communications Bankruptcy Reliance Communications Ltd, controlled by businessman Anil Ambani, owed banks $7 billion as of March 2017 when it last made public its debt level, and more to vendors. Reliance Communications Ltd, controlled by businessman Anil Ambani, owed banks $7 billion as of March 2017 when it last made public its debt level,Continue reading "Reliance Communications has filed for bankruptcy for debt resolution"
A look on the law and punishments for driving under influence in India. Is it enough?
As per WHO report close to 1.5 lac people die of road accidents in india. Driving under influence of alcohol increases the risk of road crashes by 2.2 times as compared to non-users, deaths by 2 fold and injuries by more than 1.5 times Urbanization and growing affluence has lead to more instances of drunkContinue reading "A look on the law and punishments for driving under influence in India. Is it enough?"