[vc_row][vc_column][vc_column_text]The first ever Legal Leadership Conclave, organised by India Legal Research Foundation (ILRF) and Supreme Court Bar Association (SCBA) in association with others, held in Mumbai on Saturday, April 27, evaluated the impact of Insolvency and Bankruptcy Code (IBC) and the challenges ahead.
The law that has been in existence for three years now is a landmark law is hailed as a major step for economic reform.
Supreme Court Justice NV Ramana, who inaugurated the conclave, said in his opening remarks that with the IBC code having been around for three years, it was time to take a look at its functioning. “The IBC is one of the key reforms in the field of commercial law undertaken in the last two decades and now that it has been around for three years, it is time to reflect on its journey and discuss ways to smoothen its functioning,” he said.
“In recent times, non-performing assets have threatened to cripple our banking system and have taken the wind out of the sails of our economic growth, said Justice Ramana, adding that the IBC was enacted to provide for a time-bound insolvency resolution mechanism.
“In three years since its enactment, 12,000 insolvency cases have been filed under it and around Rs 1 lakh crore have been recovered through insolvency proceedings,” he observed and added that the object behind enacting the IBC was to consolidate the existing framework by creating a single law for Insolvency and Bankruptcy.
Justice NV Ramana lighting the lamp. Also seen are MD, APN News Rajshri Rai (standing behind him) and Editor-in-Chief India legal Inderjit Badhwar (second from right).
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[vc_row][vc_column][vc_column_text]The conclave, that had two sessions, had a line up of speakers that included some of the best authorities to speak on the subject. Other than Justice NV Ramana of the Supreme Court, among those who spoke are: PK Malhotra, former law secretary; Justice BN Srikrishna, former SC judge; Editor-in-chief, India Legal, Inderjit Badhwar; Justice Pradeep Nandrajog, chief justice of the Bombay High Court.
The event is a launch pad for a series of conclaves being held nationwide on a wide range of contemporary legal issues with the participation of sitting judges of the Supreme Court and High Courts and several other legal luminaries and thought leaders. The SCBA which works tirelessly towards protecting the interests of the Supreme Court lawyers is an important pillar of our legal system. The ENC Group-promoted ILRF, is a non-profit organization which is committed to bring justice to those who deserve it but cannot afford it.
India legal is the first and only weekly, independent politico-legal magazine that covers an entire gamut of legal news and developments in the country and which has constantly endeavoured to promote the cause of legal education. This approach also forms the bedrock of media initiatives of the ENC group, including the widely acclaimed news channels, APN TV and N1 News. The ENC Group takes great pride and responsibility in promoting new ideas, initiatives, and recommendations for the benefit of not only the legal fraternity but also society at large. It is in continuing with this tradition that the Legal Leadership Conclave is being held today. The event is being held in partnership with the Supreme Court Bar Association (SCBA) and India Legal Research Foundation (ILRF), APN TV and Nepal 1.
The IBC has emerged as the topic for discussion, the reasons for which are not hard to fathom. Before the introduction of the IBC, it took companies about four to five years to dissolve their operations; now the time has dropped drastically to a year.
However, as with any new legislation, the IBC’s smooth implementation has been riddled with many issues that had not been thought of at the time of drafting the legislation. Some of these issues have been addressed by way of legislative amendments and court orders while many more were discussed at the daylong conclave.
As mentioned above, the conclave was held in two sessions.
The Technical Session I
Subject: Opportunities and Challenges for IBC
The speakers at the session included Mukulita Vijayawargiya, member (IBBI); VP Singh (NCLT member); Mohan Bhaskar Pantulu (NCLT member); TK Vishwanathan, former secretary general, Lok Sabha; and Som Sekhar Sundaresan, advocate. Justice BR Gavai of the Bombay High Court chaired the panel.
Technical Session II
Subject: Impact of IBC on business establishments and the real estate sector
The speakers at this session were: Ravi Kumar Duraisamy (member NCLT); Justice J Bharati Dangre of the Bombay High Court; Justice V. Nallasenapathy (member NCLT); Soli Cooper, advocate; OP Bhatt, director ONGC and ex-chairman IBA; Jana Kalyan Das, senior advocate; and former SCBA president PH Parekh. Justice Dangre was the chairperson of the session
There were two rounds of Q&A where discerning questions related to IBC were asked.
Valedictory Session
This was attended by Justice Nandrajog, Justice Ramana and senior advocate Janak Dwarka Das. Justice Ramana concluded the event
The Vote of Thanks was delivered by India Legal’s Editor-in-Chief Inderjit Badhwar.
Padma Awards 2025: Full list of Padma Vibhushan, Padma Bhushan, Padma Shri awardees
The awards recognize outstanding achievements across all fields, with a focus on public service. The recipients are selected by a committee appointed by the Prime Minister.
The central government announced the recipients of the prestigious Padma Awards on Saturday. These awards, conferred annually on the eve of Republic Day, represent India’s highest civilian honours. They are presented in three categories: Padma Vibhushan (for exceptional and distinguished service), Padma Bhushan (for distinguished service of a higher order), and Padma Shri (for distinguished service).
The awards recognize outstanding achievements across all fields, with a focus on public service. The recipients are selected by a committee appointed by the Prime Minister.
This year, a total of 199 awards were presented: 7 Padma Vibhushan, 19 Padma Bhushan, and 113 Padma Shri. The President of India bestows these awards at a formal ceremony in Rashtrapati Bhawan, typically held in March or April.
List of Padma Award Winners 2024:
Padma Vibhushan:
Duvvur Nageshwar Reddy
Justice (Retd.) Jagdish Singh Khehar
Kumudini Rajnikant Lakhia
Lakshminarayana Subramaniam
MT Vasudevan Nair (Posthumous)
Osamu Suzuki (Posthumous)
Sharda Sinha (Posthumous)
Padma Bhushan:
A Surya Prakash
Anant Nag
Bibek Debroy (Posthumous)
Jatin Goswami
Jose Chacko Periappuram
Kailash Nath Dikshit
Manohar Joshi (Posthumous)
Nalli Kuppuswami Chetti
Nandamuri Balakrishna
PR Sreejesh
Pankaj Patel
Pankaj Udhas (Posthumous)
Rambahadur Rai
Sadhvi Ritambhara
S Ajith Kumar
Shekhar Kapur
Shobana Chandrakumar
Sushil Kumar Modi (Posthumous)
Vinod Dham
Padma Shri:
Advaita Charan Gadanayak
Achyut Ramchandra Palav
Ajay V Bhatt
Anil Kumar Boro
Arijit Singh
Arundhati Bhattacharya
Arunoday Saha
Arvind Sharma
Ashok Kumar Mahapatra
Ashok Laxman Saraf
Ashutosh Sharma
Ashwini Bhide Deshpande
Baijnath Maharaj
Barry Godfray John
Begam Batool
Bharat Gupt
Bheru Singh Chouhan
Bhim Singh Bhavesh
Bhimawa Doddabalappa Shiilekyathara
Budhendra Kumar Jain
C S Vaidyanathan
Chaitram Deochand Pawar
Chandrakant Sheth (Posthumous)
Chandrakant Sompura
Chetan E Chitnis
David R Syiemlieh
Durga Charan Ranbir
Farooq Ahmad Mir
Ganeshwar Shastri Dravid
Gita Upadhyay
Gokul Chandra Das
Guruvayur Dorai
Harchandan Singh Bhatty
Hariman Sharma
Harjinder Singh Srinagar Wale
Harvinder Singh
Hassan Raghu
Hemant Kumar
Hriday Narayan Dixit
Hugh and Colleen Gantzer (Posthumous)
Inivalappil Mani Vijayan
Jagadish Joshila
Jaspinder Narula
Jonas Masetti
Joynacharan Bathari
Jumde Yomgam Gamlin
K. Damodaran
K L Krishna
K Omanakutty Amma
Kishore Kunal (Posthumous)
L Hangthing
Lakshmipathy Ramasubbaiyer
Lalit Kumar Mangotra
Lama Lobzang (Posthumous)
Libia Lobo Sardesai
M D Srinivas
Madugula Nagaphani Sarma
Mahabir Nayak
Mamata Shankar
Manda Krishna Madiga
Maruti Bhujangrao Chitampalli
Miriyala Apparao (Posthumous)
Nagendra Nath Roy
Narayan (Bhulai Bhai) (Posthumous)
Naren Gurung
Neerja Bhatla
Nirmala Devi
Nitin Nohria
Onkar Singh Pahwa
P Datchanamoorthy
Pandi Ram Mandavi
Parmar Lavjibhai Nagjibhai
Pawan Goenka
Prashanth Prakash
Pratibha Satpathy
Purisai Kannappa Sambandan
R Ashwin
R G Chandramogan
Radha Bahin Bhatt
Radhakrishnan Devasenapathy
Ramdarash Mishra
Ranendra Bhanu Majumdar
Ratan Kumar Parimoo
Reba Kanta Mahanta
Renthlei Lalrawna
Ricky Gyan Kej
Sajjan Bhajanka
Sally Holkar
Sant Ram Deswal
Satyapal Singh
Seeni Viswanathan
Sethuraman Panchanathan
Sheikha Shaikha Ali Al-Jaber Al-Sabah
Sheen Kaaf Nizam (Shiv Kishan Bissa)
Shyam Bihari Agrawal
Soniya Nityanand
Stephen Knapp
Subhash Khetulal Sharma
Suresh Harilal Soni
Surinder Kumar Vasal
Swami Pradiptananda (Kartik Maharaj)
Syed Ainu Hasan
Tejendra Narayan Majumdar
Thiyam Suryamukhi Devi
Tushar Durgeshbhai Shukla
Vadiraj Raghavendracharya Panchamukhi
Vasudeo Kamath
Velu Assaan
Venkappa Ambaji Sugatekar
Vijay Nityanand Surishwar Ji Maharaj
Vijayalakshmi Deshamane
Vilas Dangre
Vinayak Lohani
Note that “(Posthumous)” indicates the award was given posthumously.
Republic Day 2025: RSS chief Mohan Bhagwat says respect differences, live in harmony
Attempting a task without understanding, he warned, is akin to acting like a “lunatic,” leading to wasted effort and potential problems. This concept extended beyond culinary skills to encompass all aspects of life, highlighting the need for informed action and diligent work ethics.
At the 76th Republic Day celebration in Bhiwandi, Maharashtra, RSS chief Mohan Bhagwat on Sunday asserted the importance of unity and understanding in a diverse society. His speech, delivered after unfurling the national flag at a local college, extended beyond the celebratory aspects of the day, focusing on the responsibilities inherent in Indian citizenship.
Bhagwat’s central theme revolved around the need for societal cohesion, a concept he presented as crucial for harmonious coexistence. He acknowledged the presence of diversity within India, contrasting the nation’s approach with global conflicts often fueled by similar differences.
He argued that while individual distinctions and specializations should be respected, they should not overshadow the paramount importance of mutual respect and collaborative living. His analogy extended to the familial and community levels; just as a family requires harmony for its well-being, so too does a town and, ultimately, the nation. Internal conflicts, he implied, undermine the collective good.
He further emphasised the critical role of knowledge and dedication in achieving individual and societal success. Bhagwat used the simple act of cooking rice as a powerful metaphor. He explained that simply possessing the ingredients – rice, water, and heat – is insufficient; the knowledge of how to combine them properly is essential for a successful outcome.
Attempting a task without understanding, he warned, is akin to acting like a “lunatic,” leading to wasted effort and potential problems. This concept extended beyond culinary skills to encompass all aspects of life, highlighting the need for informed action and diligent work ethics.
His message extended into the realm of interpersonal relationships, highlighting the importance of faith and dedication. He contrasted the impersonal service received at a hotel with the welcoming hospitality often found in a home.
At a hotel, a simple request for water might be met with indifference or even hostility. However, at home, a similar request is usually met with generosity and warmth. This difference, he explained, lies in the presence of faith and dedication; actions rooted in trust and commitment invariably yield more positive results. Bhagwat concluded by emphasising that such faith and dedication are vital not only for personal fulfilment but also for building strong, harmonious communities and a thriving nation.
Congress chief Kharge extends Republic Day greetings, slams Modi govt, says secularism being targeted by Goebbelsian propaganda
He claimed that minorities are being systematically targeted, and those advocating for secularism are subjected to what he termed “Goebbelsian propaganda,” a reference to Nazi Germany’s manipulative propaganda techniques. He further asserted that weaker sections of society – Scheduled Castes, Scheduled Tribes, Other Backward Classes, the poor, and minorities – are treated as second-class citizens.
On India’s 76th Republic Day, Congress President Mallikarjun Kharge delivered a message that was as much a celebration of the Constitution’s 75th anniversary as it was a scathing critique of the current political climate.
He began by honouring the architects of the Constitution, mentioning Mahatma Gandhi, Jawaharlal Nehru, Sardar Patel, B.R. Ambedkar, Subhas Chandra Bose, Rajendra Prasad, Maulana Azad, and Sarojini Naidu, acknowledging their monumental contribution to shaping India’s republic.
He extended his appreciation to the nation’s armed forces, paramilitary personnel, security forces, scientists, teachers, farmers, and the diverse workforce – including daily wage earners, gig workers, artists, writers, and sportspersons – for their indispensable roles in nation-building and preserving India’s rich cultural tapestry.
However, the celebratory tone was quickly overshadowed by a stark assessment of the nation’s democratic health. Kharge expressed deep concern over what he characterized as a decade-long erosion of democratic principles and institutions. He alleged a deliberate and malicious campaign fueled by religious fundamentalism, designed to fracture Indian society along religious lines.
He claimed that minorities are being systematically targeted, and those advocating for secularism are subjected to what he termed “Goebbelsian propaganda,” a reference to Nazi Germany’s manipulative propaganda techniques. He further asserted that weaker sections of society – Scheduled Castes, Scheduled Tribes, Other Backward Classes, the poor, and minorities – are treated as second-class citizens.
The Congress president directly accused the ruling government of political interference in autonomous institutions, asserting that the control over independent bodies is perceived as a mark of power. He claimed that federalism is being systematically undermined, with the rights of opposition-governed states being curtailed.
The functioning of Parliament, he stated, has significantly deteriorated due to what he described as the tyrannical tendencies of the ruling government. Universities and self-governing institutions, he continued, face constant intrusion, and a large segment of the media has been co-opted as a propaganda tool. The suppression of dissent through the targeting of opposition leaders, he argued, has become the government’s primary policy.
The ongoing crisis in Manipur served as a stark illustration of his concerns, with Kharge highlighting the state’s prolonged turmoil and the lack of accountability at the highest levels of power.
He concluded his message with a fervent call to protect the Constitution’s fundamental values of justice, liberty, equality, and fraternity, emphasizing that these tenets are being systematically undermined by what he called an authoritarian regime.
He urged citizens to be prepared to make sacrifices to defend the Constitution, viewing this as a fitting tribute to their ancestors. His statement ended with the powerful slogan: “Jai Bapu, Jai Bheem, Jai Samvidhaan. Jai Hind.”
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