RBI slaps penalty of 90.00 lakh on Vasai Vikas Sahakari Bank (See 'Corp Brief') Kimberly Watson joins Wipro as country head and MD for Canada Swiss Re to acquire 23% stake in Paytm’s general insurance segment for Rs 920 crore Affine to expands presence in Hyderabad & expects to reach a headcount of 1,000 people by end of next year MSME Minister launches SAMBHAV to promote entrepreneurship (See 'Corp Brief') IBC - Once claim is backed by award passed by the MSME Facilitation Council and there is no stay against same, Resolution Professional can not reject claim of applicant on ground that there is no due shown in the books of the corporate debtor against the applicant : NCLT (See 'Legal Desk') SEBI - Failure to appear before Investigating Authority and furnish information violates section 11C(3) : SEBI (See 'Legal Desk') Anurag Mittal, joins UTI Asset Management Company IEX to commence trade in Energy Saving Certificates India Post Payments Bank ties up with HDFC to offer home loans Incubation Centre for Innovation and Entrepreneurship at AIIA (See 'Corp Brief') RBI launches Consumer Confidence Survey (See 'Corp Brief') Phoenix Parentco acquires Parexel International; CCI okays (See 'Corp Brief') The Indian Contract Act - Injunction order restraining alienation of properties can be passed as it causes no inconvenience to defendant whereas equities require that interests of plaintiff be secured : HC (See 'Legal Desk') IBC - Petition filed u/s 7 of code can be admitted when corporate debtor fails to show any valid proof that debt due and payable to petitioner in his individual capacity is paid to him in his individual capacity : NCLT (See 'Legal Desk')

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By Prashanth Shivadass & Sneha Philip

INCREASE of Court Fees as a Deterrent Factor: A Reality Check

Published: Oct 05, 2021

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