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  • IBBI launches ‘Form H’ for voluntary liquidation

    by Tanya Shrotriya* A voluntary liquidation is a self-imposed wind-up and dissolution of a company that has been approved by its shareholders. Such a decision will happen once a company’s leadership decides that the company has no reason to continue operating. The purpose of a voluntary liquidation is to terminate a company’s operations, wrap-up its financial affairs, and dismantle its corporate structure in an orderly fashion, while paying back creditors according to their assigned priority. A

    April 19, 2022
  • CCI Probes Debt Trustee Units of SBI, Axis, IDBI on Suspected Fee Cartel

    by Tanya Shrotriya* Introduction SBICAP Trustee Company, Axis Trustee and IDBI Trusteeship are under the Competition Commission’s scanner. The three firms are also the founding members of the Trustees’ Association of India. The Competition Commission of India has launched an investigation into the debenture trustees and their associations on a prima facie view that there is probably a form of cartelization between debenture trustees to fix to the prejudice of consumers’ debenture trust fees. Judgment and

    April 12, 2022
  • Criminal Procedure Identification Bill: New Law to Tackle the Advanced Era?

    by Tanya Shrotriya* This week the Lok Sabha ( by a voice vote) and  Rajya Sabha passed the Criminal Procedure (Identification) Bill, 2022. This bill seeks to replace the Identification of Prisoners Act, 1920.  In the 1980s, the Law Commission of India, in its 87th report, had recommended significant changes to the existing law. The new bill enables investigating officers to collect the biometric details of prisoners. The Bill proposes to allow Police to collect

    April 12, 2022
  • Anti Competitive Practices by Food Aggregator giants: CCI to investigate

    by Vanshika Arora* The Competition Commission of India (CCI) has launched a probe into the alleged Unfair Trade Practices, committed by the food aggregator giants Zomato and Swiggy. Filed under Section 19(1)(a) of the Competition Act, 2002; National Restaurant Association of India (NRAI), has alleged that the practices of Zomato Limited and Bundl Technologies Private Limited (Swiggy), are violative of Section 3(4) and 3(1) of the Act. Section 3(4) and 3(1) highlight the conditions that

    April 12, 2022


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