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The Legal Affair

Let's talk Law

The Legal Affair

Let's talk Law

Author: roshni.parwani

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  • RBI Imposes Rs 30 Lakh Fine on Axis Bank for Incorrect Late Payment Penalties
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28/06/2023, 3 years ago

RBI Imposes Rs 30 Lakh Fine on Axis Bank for Incorrect Late Payment Penalties

Factual Matrix  In relation to The required inspection for the Supervision Evaluation was carried out by RBI on 31-3-2023. The examination discovered that the bank had assessed penalties for late payment of credit card dues in some accounts, even though the consumers had paid the dues through third-party platforms by the due date. In credit […]

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28/06/2023, 3 years ago

Delhi High Court Reduces Death Sentence for 12-Year-Old Kidnapping and Murder

Brief Facts  In the case of Jeevak Nagpal @ Veevek Nagpal @ Shanky v. State According to the judgement wherein the appellant was found guilty of offences punishable under Sections 364-A, 302, 201, and 506 of the Penal Code, 1860, the Trial Court had submitted its order on sentence for confirmation of the death sentence […]

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28/06/2023, 3 years ago

NCDRC Orders HSBC to Pay Rs 15 Lakhs Compensation for Poor Service

Background  In the case of Anil Milkhiram Goyel v. Hongkong and Shanghai Banking Corporation Limited a complaint was made against the opposing party, HSBC, with the main goal of getting HSBC found to be inadequate in delivering banking and related services, guilty of gross negligence, and obligated to pay the complainants Rs 3.55 crores in […]

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28/06/2023, 3 years ago

Allahabad HC: MSMED Act’s venue choice not bound by Section 80 of A&C Act

Factual Matrix  In the Matter of Bata India Limited v U.P. State Micro and Small Enterprise Facilitation Council a writ petition was filed in opposition to the U.P. State Micro and Small Enterprises Facilitation Council’s decision to arbitrate the dispute between the petitioner and respondent on its behalf in accordance with Section 18(3) of the […]

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28/06/2023, 3 years ago

NCLAT: Loan must have a direct transaction between parties to qualify as financial debt under IBC

Factual Background  In the matter of Actioncor Consultants Ltd. v. Viprah Technologies Ltd, The parties to the current case agreed that the appellant would lend Rs. 1,40,00,000 to the directors of the corporate debtor via an Investment Agreement with the goal of using the funds for the directors’ individual use in reviving the respondent firm. […]

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27/06/2023, 3 years ago

Kerala High Court Denies Helmet Exemption on Medical Grounds for Two-Wheeler Riders

Brief Facts  In the Matter Mohanan V.V v. State of Kerala a petition asking for a medical exemption from the requirement that riders of two-wheelers wear helmets. In the current case, the petitioners were dealing with a severe headache and were receiving ongoing therapy for it. The petitioners were unable to use anything like helmets […]

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27/06/2023, 3 years ago

Madras High Court Invalidates Consumer Redressal Commission Selection Process

Background Matrix  In the Matter of V. Sundararaj v Registrar General a writ petition was filed opposing the notification released by the Government of Tamil Nadu Cooperation, Food and Consumer Protection Department, and to quash the same as illegal and subsequently order the Principal Secretary to obtain permission from the Supreme Court before issuing any […]

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27/06/2023, 3 years ago

NCLAT Allows Asset Reconstruction Company’s Participation in IBC, Suggests Approval of Resolution Plan

Brief Facts  In the case of Puissant Towers India (P) Ltd. v. Neueon Towers Ltd Before the adjudicating authority, the appellant-Resolution Professional had submitted an application under Section 31(1) of the Insolvency and Bankruptcy Code, 2016, asking for approval of the CoC’s approved Resolution Plan, which included two resolution applicants: the main resolution applicant, Longview […]

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27/06/2023, 3 years ago

Jharkhand High Court Orders State to Pay Rs. 5 Lakh Compensation for Wrongful Detention of Petitioner

Background Matrix  In the instant matter of Ajit Kumar v. State of Jharkhand, a petition was filed under Article 226 of the Indian Constitution asking the court to order the state to compensate the petitioner for his 4 months of wrongful detention for violations of Sections 376(D), 302, and 34 of the Penal Code, 1860, […]

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