Conditional Gifts are Incomplete until Conditions are Complied With
The Hon’ble Supreme Court (“Court”), in arecent case of Sarojini Amma vs. Velayudhan Pillai Sreekumar [Civil Appeal No. 10785 of 2018, decided on 26.10.2018],examined as to whether a document styled as gift deed but admittedly executed for consideration, part...Read more
Can Corporate Insolvency Under the Insolvency and Bankruptcy Code 2016 be Triggered by a Time-Barred Debt?
Section 238A of the Code was inserted by the Insolvency and Bankruptcy Code (Second Amendment) Act 2018 (“Amendment Act”) w.e.f. 06.06.2018, applying the Limitation Act, 1963 (“Limitation Act”) to the proceedings or appeals before the Adjudicating Authority, the National...Read more