A Constitution Bench headed by the
Chief Justice of India SA Bobde of the apex court on Thursday( March 4, 2021) urged the Central Government to consider the establishment of additional courts to deal with the “grotesque” problem of pendency of cheque dishonour cases under Section 138 of the Negotiable Instruments Act, 1881.
It has been told by the bench comprising the CJI, Justices L Nageswara Rao, BR Gavai, AS Bopanna and S Ravindra Bhat to the Solicitor General Tushar Mehta that the power under Article 247 of the Constitution to create additional courts for administration of the NI Act is “coupled with a duty.”
Article 247 of the Constitution speaks of the power of the Parliament to provide for the establishment of certain additional courts in respect of matters under the Union List.
Dealing with a suo moto petition to expedite trial in cheque bounce cases arising out of Section 138 of the Negotiable Instruments Act, 1881, a five-judge Constitution bench of the SC felt that before introducing the law the Parliament ought to have done a judicial impact assessment. The CJI suggested that even a temporary law can be made for creation of additional courts.
The Solicitor General said that he personally felt this was a "welcome solution" but added that "wide ranging consultations" might be necessary to work out the “nitty-gritties.” Following this, the matter was adjourned till next Wednesday.
It is to be noted that Earlier, the Centre was not favoring the idea of additional courts, and the Ministry of Finance had submitted certain alternate suggestions. However, the Court yesterday told Additional Solicitor General Vikramjit Banerjee that the suggestions of the Ministry are “inadequate.”
Collegium Recommendations Pending with the Center for Over 6 Months Will Be Decided Within 3 Months, AG Tells Supreme Court
Legal Insiders
Apr 16, 2021
Athira Nair
(
Editor: Ekta Joshi
)
5 Shares
In line with the latest announcement by the the Attorney General, the Center will decide the collegium recommendations made by the Supreme Court within three months. They have been pending with the ministry for over 6 months.The bench that comprised of Chief Justice of India SA Bobde, Justice Kishan Kaul and Surya Kant, have recorded this submission made by the AG.“This case would be brought to a reasonable conclusion if the center tells us the timeline it will be sticking to at every...
Entries in the balance sheet of the corporate debtor sufficient acknowledgement for the purpose of Section 18 of the Limitation Act: SC [READ JUDGMENT]
Judiciary
Apr 16, 2021
Mathews Savio
(
Editor: Ekta Joshi
)
3 Shares
The Supreme Court in its judgement in Asset Reconstruction Company (India) Limited v. Bishal Jaiswal & Anr. (CIVIL APPEAL NO.323 OF 2021) clarified the question of law and held that entries in the balance sheet can be taken as an acknowledgement of outstanding debt for the purpose of Section 18 of the Limitation Act, 1963. The judgement came from a bench comprising of Justice Rohinton Nariman, BR Gavai and Hrishikesh Roy.Section 18 of the Limitation Act, 1963 extends the period of...
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