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TRIBUNALS REFORMS
IBC 10-year anniversary scorecard: Over Rs 4 lakh crore realised, big implications for credit markets, economic efficiencyThe Insolvency and Bankruptcy Code has helped creditors recover over Rs 4 lakh crore rupees. The Code has revived many distressed companies...
IBC: Creditors realised Rs 4 lakh cr; cases involving Rs 14 lakh cr settled in pre-admission stageIndia's Insolvency and Bankruptcy Code (IBC) has facilitated over Rs 4 lakh crore in creditor realisations from resolved cases. Additionall...
Govt notifies sports board, tribunal rules to overhaul governance and speed up disputesIndia's sports governance is set for a major overhaul. The Union government has notified new rules for a National Sports Board and a Nation...
Delhi Gymkhana seeks alternative land for relocation of club in case takeover proceedsThe Delhi Gymkhana Club committee has appealed to the Centre to maintain the club's operations. They seek clarity on relocation and employe...
Finance Ministry seeks faster disposal by DRTs, holds talks"Key areas of discussion included strengthening oversight and monitoring mechanisms within banks to enhance recoveries through DRTs, priori...
Pakistan's deepening water crisis sparks national security alarm as mismanagement, scarcity threaten futurePakistan faces a severe water crisis due to scarcity and mismanagement. Planning Minister Ahsan Iqbal unveiled a national strategy. It focu...
India’s banking system turns sluggish amid loan recovery delays and legal hurdles: CII reportIndia's banking sector needs urgent reforms. The Confederation of Indian Industry's report highlights slow loan recovery and complex laws. ...
Use of artificial intelligence in arbitration should be regulated, not shunned: CJI Surya KantChief Justice of India Surya Kant stated artificial intelligence in arbitration needs regulation, not avoidance. He stressed cybersecurity ...
Supreme Court strikes down provisions of Tribunals Reforms Act, 2021The Supreme Court has struck down key parts of the 2021 Tribunals Reforms law. These provisions dealt with how tribunal members are appoint...
SC reserves verdict on pleas challenging validity of 2021 law on tribunal reformsThe Supreme Court has reserved its verdict on petitions challenging the constitutional validity of the Tribunals Reforms Act, 2021. The Act...
'Centre avoiding my bench...': CJI slams govt for last-minute bid to shift Tribunal Reforms Act case to larger benchThe Supreme Court strongly criticized the Centre's attempt to shift tribunal reforms act challenges to a larger bench. The Chief Justice ca...
Government invites online applications to fill up two members' posts at NCDRCThe Department of Consumer Affairs under the Ministry of Consumer Affairs, Food and Public Distribution has invited applications only throu...
Tribunals with high pendency abolished; Bill passed in monsoon session reduces tribunals from 36 to 15Some of the tribunals abolished include those under Cinematograph Act, 1952, the Trade Marks Act, 1999, Copyright Act, 1957, Customs Act, 1...
Rajya Sabha nod to retro tax, Leh varsity billsFinance minister Nirmala Sitharaman moved the Tribunal Reforms Bill, 2021, for consideration and passage in the second half of the session....
Parliament passes Tribunals Reforms Bill, 2021; set to abolish nine appellate tribunalsThe bill moved by Finance Minister Nirmala Sitharaman was passed by a voice vote in Rajya Sabha, while a statutory motion moved by the Oppo...
Govt issues Tribunals Reforms OrdinanceIt has made amendments to the Cinematograph Act, Copyright Act, Customs Act, Patents Act, Airports Authority of India Act, Trade Marks Act,...
Govt notifies tribunals reforms bill through ordinanceIn the Cinematograph Act, the appellate body will now be the High Court instead of the tribunal, while in the Copyright Act, commercial cou...