Complainant participation in insolvency disciplinary appeals is not automatically mandatory, while later representative changes do not undo valid acts...
Direct appeals against provisional attachment under money laundering law fall outside appellate jurisdiction, which covers adjudicating authority orde...
Cross-border secondment reimbursements require separate employment and knowledge-transfer analysis before taxation as included services under the Indi...
Sections 5(4) and 5(5) of the SARFAESI Act permit an asset reconstruction company to substitute a bank in pending cheque-dishonour prosecutions relating to acquired financial assets; substitution is not confined to civil proceedings. Assignment of the underlying debt does not change the cheque's payee. Under Sections 5(2) and 5(3), an asset reconstruction company acquiring the debt and security cheques for consideration becomes their possessor and, read with Section 9 of the Negotiable Instruments Act, a holder in due course. Formal endorsement is not indispensable where a cheque is purchased for consideration. The assignee may maintain and prosecute the pending complaint.
Sections 5(4) and 5(5) of the SARFAESI Act permit an asset reconstruction company to substitute a bank in pending cheque-dishonour prosecutions relating to acquired financial assets; substitution is not confined to civil proceedings. Assignment of the underlying debt does not change the cheque's payee. Under Sections 5(2) and 5(3), an asset reconstruction company acquiring the debt and security cheques for consideration becomes their possessor and, read with Section 9 of the Negotiable Instruments Act, a holder in due course. Formal endorsement is not indispensable where a cheque is purchased for consideration. The assignee may maintain and prosecute the pending complaint.
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