Banks shouldn’t use group entities to circumvent rules, proposes RBI, ET LegalWorld
The Reserve Bank of India on Friday proposed that banks should be barred from using group entities to circumvent regulations applicable to them. The central bank has made the suggestion in a draft circular on ‘forms of business and prudential regulations for investments’ released on Friday. “A group entity shall not be used to circumvent […]
Criminal cases shouldn’t be slapped against scribes for writings perceived as govt criticism: SC, ET LegalWorld
Criminal cases should not be slapped against journalists merely because their writings are perceived as criticism of the government, the Supreme Court said on Friday. A bench of Justices Hrishikesh Roy and S V N Bhatti said in democratic nations, the freedom to express one’s views is respected and the rights of journalists are protected […]
Judges are also fallible, shouldn’t shy away from accepting mistakes: Supreme Court, ET LegalWorld
The Supreme Court has said that judges are also fallible, and courts should not shy away from accepting mistakes in their orders and rectify them even after a case has been closed. Over a year after SC passed an interim order granting protection to Indiabulls Housing Finance and its officials, and stayed proceedings of debt […]