LegalInsights Archives

Union Budget 2024-25

Articles4 days ago28Views 0Likes 0Comments

Presenting the Union Budget 2024-25 in the Lok Sabha, Finance Minister Nirmala Sitharaman announced significant measures related to Insolvency and Bankruptcy, aiming at enhancing judicial efficiency and technological integration. Key highlights include the development of an integrated tech platform, the strengthening of existing tribunals, and the establishment of additional benches of the National Company Law Tribunals…

Section 10 of IBC

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The Insolvency and Bankruptcy Code, 2016 (IBC), was enacted to streamline insolvency proceedings and ensure timely resolution of corporate distress. However, the COVID-19 pandemic created an extraordinary economic situation, and the Government of India responded with amendments to the IBC, introducing Section 10A. This provision was added to offer temporary relief to businesses struggling due…

Section 3 and Section 5

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Pathapati Subba Reddy (Died) By L. Rs. & Ors. Versus The Special Deputy Collector (LA) Corum- Hon’ble Justice Bela M. Trivedi and Hon’ble Justice Pankaj Mithal Brief facts The present appeal pertains to a certain land acquired in the year 1989 in village Gandluru, District Guntur, Andhra Pradesh and the award offered in lieu of the…

Reversal of Cess Imposition under Karnataka Cine & Cultural Activists (Welfare) Bill

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Addressing the financial difficulties faced by artists and workers of the media and entertainment industry and the need to provide them with social security[1], the Karnataka government introduced the Karnataka Cine & Cultural Activists Welfare Bill, 2024 (‘Bill’)[2] on 19th July 2024. The Bill defines “Cine and Cultural activists” as any person “employed in the field…