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(rate this)
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Yes, its a great change
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No, it may not serve any real purpose
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Reni sebastian
| Argues in support of
"No, it may not serve any real purpose"
| 3 years ago
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No.. see our politicians are exhibited their assets before the election but after we can see that load of currencies hoisting in the hon: parliament.. So how can we believe declaration of assets reduce corruption..
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motty john
| Argues in support of
"Yes, its a great change "
| 3 years ago
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yes undoubtedly it is a milestone not because of the impact of such an activity but because of the clear submission by the judiciary to the will of the people of india.Atleast we can be happy that in a democracy like ours no institution can be...
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ujjwal
| Argues in support of
"Yes, its a great change "
| 3 years ago
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yes.its really a great change in indian judicial system. and now people will revive their faith in judiciary. but the question concerning the honesty of judges can again be doubted as firstly,the judges are themselves declaring their assets which...
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Debate: "Do you feel that the step towards declaration of assets by SC judges is milestone in Indian Judicial Reforms?" deleted from your view.
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Guarantor's Obligation Under this agreement the Guarantors obligation is to pay the amount specified as owing plus interest on that amount and all bank fees and taxes. This agreement distinguishes between your 'basic liability' and 'additional liability'. The Guarantor is liable to pay both of these, so it is necessary to examine what is involved in each of them. Basic Liability The Guarantors guarantee that they shall pay to the lender the basic loan. This amount will only become due and payable in the event of a default of any description by the original borrower. Should any default be made then the guarantor is liable for the full amount regardless of whether the term of the loan has yet...
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motty john
| Commented
| 3 years ago
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check answering law.com for the latest decision on the matter
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Insight: "Basic Laws For Managers and Management Students. Part 3" deleted from your view.
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The Companies Act, 1956 governs the incorporation, management and winding-up of any company in India. There will be differences among members or between groups in private companies and closely held public companies very often. One group may not have trust on other group who manages the affairs of the Company. One group may suspect the deeds of the management in a Company. These are really very complicated things like human relations. What happens practically is that the Company may conceal certain things, may not record certain things in its books, may undervalue certain things and may overvalue certain things. If we keep the regulations governing the companies in India and the prov...
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motty john
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| 3 years ago
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short but crispy Mr.Rao,you couldve added comments on the amendements which is under interim stay now.
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Insight: "Nature of remedy under sections 397/398 – Company Law in India" deleted from your view.
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Kumar Sambasivan
| Answered
| 3 years ago
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1. Get associated with a lawyer who allows you to do courtwork. Big law firms/ senior advocates doesn't allow this. 2. Get familiarised with court environment-filing procedure etc.. 3. carefully observe senior counsels arguing- eventhough you may...
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motty john
| Answered
| 3 years ago
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Attend the court regularliy dilligently and sincerely till it rises. Always keep a hand book on criminal major acts and rules of practise when you attend a criminal court and keep c.p.c. and rules of practice when you attend a civil court. When you...
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Answer: "what should a fresher law student do in order to make his career much promising?" deleted from your view.
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In order to reduce the delay in courts and in the process of traditional adjudication mechanism, the Alternative Disposal Mechanism (ADR) was mooted. The dispute resolution through Conciliation, Arbitration and Mediation etc., is regarded as alternative mechanism to resolve the disputes between or among the parties in a defined legal relationship. The dispute resolution through Arbitration has occupied great significance in India in the recent past though it was successfully practiced in the developed nations like United States etc. The Arbitration and Conciliation Act, 1996 replacing the earlier act of 1940, governs the issue of dispute resolution through Arbitration. Any dispute a...
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santhanamvelayutham
| Commented
| 3 years ago
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arbitrater appointed must be copetent enough to decide on issues should be unboised
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motty john
| Commented
| 3 years ago
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Mr.Rao,Good attempt, Regarding the first part of your article,I think you haven't clarified the following aspects. Whether winding up petition can be initiated by a secured creditor against a debtor company after having availed some benifits u/s 9...
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Insight: "Law of Arbitration – Company matters?" deleted from your view.
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In day-to-day commercial transactions, we will enter into many agreements or contracts. While certain agreements are prepared mechanically and get executed, certain other agreements require careful consideration of many things. For example, a sale agreement contains standard clauses and in many cases it is prepared mechanically barring the change in name of the parties, the schedule, the consideration etc. And, again, it is not the case with a complicated lease transaction which contains many details. The agreement or the contract is the basis for the parties concerned to protect their rights by approaching a court of law in case their rights under the agreement are violat...
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S. Muralidharan
| Commented
| 3 years ago
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In any Agreement, are the witnesses legally liable for breach of trust between the parties? Are Guarantors equally liable in case the parties fail to perform?
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motty john
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| 3 years ago
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Dear Mr Rao, I must appreciate you for selecting such a topic.Now it has become a trite in corporate sector to download the formats from the net and enter into the different types of agreements by simply customising it and finally step into deep...
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Basab Ghosh
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| 3 years ago
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Informative article. Just wanted to point out that this happens because of the Indian propensity for trying to gain an undue advantage over the other party by couching the agreement language in legalese jargon, and the Indian judicial system...
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Insight: "Drafting agreements?" deleted from your view.
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1
Prioritize the cases
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Aarti Gupta
| Supported idea
"Prioritize the cases"
| 3 years ago
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What I think is, as Aanga has suggested, many of the cases is pending from many years. Indian judicial laws should concentrate on them first. Though "Gramin nyayalaya" has been introduced, to reduce the burden which is true upto a certain extent,...
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Anagha Thakur
| Added idea
"Prioritize the cases"
| 3 years ago
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I think Indian judicial system should prioritize things first, as there are many cases for which trials have not happened till date, and this can be solved by fining people with petty offences and letting them go with fine and rigorous...
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motty john
| Supported idea
"Prioritize the cases"
| 3 years ago
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Lets wait and see what is the fate of much boasted "gramin nyayalays". We cannot ignore that they have introduced the concept of "plea bargaining" under section 261A to F IN chapter xx1 A of Cr.p.c almost 3 years back and yielded nothing. I...
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Ideate: "CJI signals speedier justice for Undertrials." deleted from your view.
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I am very very happy to know that we are trying to address the very important issues pertaining to our legal system and the judiciary. We have tried to address the issue of corruption in Higher Judiciary by making them accountable through disclosure of their assets etc. Despite the uproar from public against the view of Judiciary that they are immune from public scrutiny when they disclose their assets, we have tried to pass Judges Accountability Bill and very laudably it was opposed in Rajyasabha. Now, I have read a statement in news paper where our Chief Justice of India has given a statement that the judiciary will accept any law on judges’ accountability. Its a great change in stan...
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Nem Singh
| Commented
| 3 years ago
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Dear all viewrs it is not necessory to open the law collages or the judged or the advocates to follow the courts because these all never wants to solve the problem easly being as profeeeional. If you think socialy then a little mind people no more...
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motty john
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| 3 years ago
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It is understood that the "Gramina nyayalay act" provides for the trial of all offence punishable upto 3 years to be done by the village courts apart from exercising the powers of a munsiffs court to an extent.This would essentially mean that the trial...
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Swastik Mishra
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| 3 years ago
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I think problems you have mentioned Mr. Durga Rao can be solved by opening more law colleges first and then opening village courts (and even more high courts) to employ lawyers. Nobody in India wants to bribe anybody, they all want to end...
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Insight: "Can establishment of village courts be a solution to reduce the delay in justice delivery?" deleted from your view.
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Most of us and the companies approach Banks and Financial Institutions for loans. The reason for the loan may differ from person to person and company to company. All Banks should function in accordance with the guidelines/norms issued by the Banker’s Bank ‘The Reserve Bank of India’. Subject to the lending norms of Reserve Bank of India, the banks and financial institutions sanction loans for different purposes. Though, the Banks and Financial Institutions can lend money even without security, normally, the Banks and Financial Institutions insist for security for the repayment of loan. The fixed assets, receivables etc. can be securities acceptable to the Banks and Financial Instit...
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Rahul
| Commented
| 3 years ago
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RECENT JUDGEMENT OF GUJARAT HIGH COURT IN 2008(1)GLR P.NO. 171 SARFAESI ACT 2002 SEC.13(2)13(14),34,35, CPC ORDER 39 RULE 1&2 AND RULE 11D - OBJECTION REGARDING INHERENT LACK OF JURISDICTION - REJECTION OF PLAINT AT PRELIMINARY STAGE- NOTICE BY...
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motty john
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| 3 years ago
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Mr Rao,very good attempt,But would earnestly suggest to have incorporated the impact of those provisions in SARFEASI by which banks and financial institutions are assisted by the court.
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Vijetha. Bhat
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| 3 years ago
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Sir, whatever you are saying is correct. One can complain with police, senior police,if not high court... But how can a borrower,who took loan for satisfying his need afford all these proceedings?????
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Insight: "Debt Recovery Laws - an understanding" deleted from your view.
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how a person get right training to enter and work with an LPO desk.
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motty john
| Answered
| 3 years ago
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Im in concurrance with Aarti but should say that, Lpo in india is in its budding stage especially in south except for Bangloore.
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Shaveta Dhamija
| Answered
| 3 years ago
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The LPO derives its roots from KPO (Knowledge Process Outsourcing). KPO refers to knowledge-intensive work that involves specialized domain expertise. High value processes that fall into this realm include: valuation research, investment...
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Aarti Gupta
| Answered
| 3 years ago
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The Indian Legal System is much like the UK, US, Canada, and a sizeable part of Europe -- the major source of outsourcing. The Indian litigation and dispute resolution methodologies are well founded on the classic Constitution of the biggest...
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Answer: "what is the position of LPO in India" deleted from your view.
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