Can financial debt exist without a written agreement? NCLAT weighs In, ET LegalWorld
The National Company Law Appellate Tribunal (NCLAT) has set aside the adjudicating authority’s ruling that recording the “loan” as “other liabilities” negates the existence of a financial debt on the ground that a written agreement is not a condition precedent to proving the existence of a financial debt. “Acknowledgments by the Corporate Debtor and supporting […]
‘Satanic Verses’ ban order missing, have to presume it doesn’t exist: HC, ET LegalWorld
Delhi high court ended proceedings on a plea challenging the ban on the import of Salman Rushdie’s controversial novel, The Satanic Verses, after noting that the authorities had failed to produce the 1988 notification on the ban and it must be “presumed that it does not exist”. In an order passed on November 5, a […]