All posts by LawZ Magazine

Paid news case: SC stays EC order against MP minister

NEWS SCAN The Supreme Court on Friday stayed the Election Commission’s (EC) order in connection with paid news matter against Madhya Pradesh Public Relations Minister Narottam Mishra, who has been disqualified. The apex court has asked the Delhi High Court to decide the matter within two

NCLT Appoints Resolution Professional For Amtek Auto Insolvency Process

NEWS SCAN The National Company Law Tribunal (NCLT) on Thursday appointed an interim resolution professional to carry out the insolvency process of debt-ridden auto component maker Amtek Auto, according to a regulatory filing. “NCLT, Chandigarh has today…appointed Dinkar Tiruvannadapuram Venkatsubramanian as an interim resolution professional

CAG Report Summary on Aquisition of Helicopters for VVIPs

Background The Comptroller and Auditor General (CAG) submitted a report on the acquisition of helicopters for Very Very Important Persons (VVIPs) on August 13, 2013.  The audit sought to examine the process of acquisition of VVIP helicopters and its compliance with the Defence Procurement Procedure

  The Banking Regulation (Amendment) Ordinance, 2017

    Highlights of the Ordinance The Ordinance amends the Banking Regulation Act, 1949 to insert provisions for recovery of outstanding loans.  Under these provisions, the central government may authorise the Reserve Bank of India to direct banks to initiate recovery proceedings against loan defaulters.