The Insolvency and Bankruptcy Code ,2016 (IBC) was hailed as a revolutionary legislation in the sphere of Corporate Insolvency . In a bid to strengthen and solidifying the existing Insolvency Resolution framework , the IBC’s main focus is geared towards revitalizing and reinforcing sick business enterprises . Perhaps the most welcoming feature of this legislation can be deemed as the time frame for resolution. Also, synthesizing a more economically reasonable solution to bankruptcy is other one it’s key features. Under....
Read MoreThe idea of an anti-corruption body and an ombudsman to look into corruption allegations against administrators, including legislators, has been floating around for over five decades now. It finally got shape with the passing of the Lokpal and Lokayuktas Bill, 2013, in Lok Sabha on December 18, 2013, but only after a nationwide protest led by India Against Corruption, a civil society movement of activist Anna Hazare. Lokpal and Lokayukta The ‘Lokpal’ is the central governing body that has jurisdiction....
Read MoreThe Indian Judiciary is crippled by its own mechanics, which evade public scrutiny to Judicial appointments by its opaqueness. What one might recognise as the collegium system, is a body comprised of the Chief Justice of India and the four senior most judges of the Supreme Court which appoints new judges from the High Courts and the Bar. Similarly, the collegium for the appointments in the High Courts comprises of two senior most Judges along with the Chief Justice of....
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