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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