Supreme Court notice to Centre, IITs on reservation policy

The Supreme Court issued notices to the Central government and 23 IITs on a petition seeking directions to implement reservation policy in admission to research degree programmes and recruitment of faculty. A bench comprising Justices L Nageswara Rao, B R Gavai and BV Nagarathna was hearing a petition filed by academic-cum-researcher Sachchidanand Pandey, who has sought directions for the Centre

Article 142 powers can be used to quash SC/ST Act cases in which parties have arrived at compromise: Supreme Court

“If the Court is satisfied that the underlying objective of the Act would not be contravened or diminished even if the felony in question goes unpunished, the mere fact that the offence is covered under a ‘special statute’ would not refrain this Court or the High Court, from exercising their respective powers under Article 142 of the Constitution or Section

VARIOUS IMPORTANT JUDGMENTS HELD IN IBC, 2016

In the case of Vijay Kumar Jain vs. Standard Chartered Bank & Ors., the Apex Court held that the members of the suspended Board of Directors of a corporate debtor are vested with right to receive insolvency resolution plans submitted before the resolution professional so that they could effectively participate in the meetings of Committee of Creditors (CoC). The Supreme Court