[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.
Sharbat jihad row: Delhi HC says Ramdev beyond anyone’s control, lives in his own world
Hamdard’s counsel alleged that while promoting Patanjali’s “gulab sharbat,” Ramdev claimed profits from Rooh Afza were funneled into constructing madrasas and mosques, a statement deemed derogatory and misleading.
The Delhi High Court on Thursday sharply criticized yoga practitioner and entrepreneur Ramdev, declaring him “uncontrollable” and living “in his own world” after finding him in prima facie contempt of its earlier order.
The court’s ire stemmed from Ramdev’s controversial “sharbat jihad” remarks targeting Hamdard’s Rooh Afza, despite a prior directive on April 22 prohibiting him from making statements or sharing videos about Hamdard’s products.
Justice Amit Bansal, addressing the issue, stated, “His affidavit and the video clearly violate our order. This is prima facie contempt, and I will issue a notice summoning him.” The court was informed that Ramdev had posted a video with objectionable content, flouting its instructions. When Ramdev’s counsel requested a delay due to the unavailability of their lead lawyer, the court postponed the hearing briefly.
The case originates from a plea by Hamdard National Foundation India against Ramdev and Patanjali Foods Ltd., challenging his inflammatory remarks. On the previous hearing, the court had condemned Ramdev’s “sharbat jihad” comment as “indefensible” and conscience-shocking, prompting him to promise the immediate removal of related videos and social media posts.
Hamdard’s counsel alleged that while promoting Patanjali’s “gulab sharbat,” Ramdev claimed profits from Rooh Afza were funneled into constructing madrasas and mosques, a statement deemed derogatory and misleading.
The court’s strong remarks underscore its frustration with Ramdev’s defiance, setting the stage for a contentious legal battle as it seeks to enforce compliance and address the fallout from his provocative statements.
The Congress sharply criticized the government on Thursday, May 1, following its announcement to include caste enumeration in the upcoming census, accusing Prime Minister Narendra Modi of making grand promises without clear timelines.
Congress general secretary for communications Jairam Ramesh, speaking at the party’s headquarters in New Delhi, questioned the government’s sincerity and demanded an immediate roadmap for the census, emphasizing the need for transparency and urgency.
Ramesh took a dig at Modi, calling him a “master of crafting headlines without deadlines.” He reiterated the Congress’s long-standing demand for a constitutional amendment to lift the 50% reservation cap, arguing that a caste census would only be meaningful if this barrier is removed.
“What’s stopping the Modi government from abolishing the cap?” he asked, challenging the administration’s commitment to social justice.
Highlighting past delays, Ramesh recalled a December 2019 Cabinet press release approving the 2021 census with a budget of ₹8,254 crore, which made no mention of caste enumeration. “Six years later, the census remains undone.
The government now makes this sudden announcement, but what’s the plan?” he questioned. He pointed out the meager ₹575 crore allocated to the census commissioner’s office in the 2025-26 Budget, casting doubt on the feasibility of conducting a comprehensive census. “Is this just another headline, or is there a genuine intent? The public deserves answers,” he said.
Ramesh dismissed the government’s COVID-19 excuse for delaying the census, noting that over 50 countries conducted theirs during the pandemic. “There was no pandemic in 2023 or 2024, yet the census wasn’t held,” he said.
He also referenced Modi’s 2024 remarks labeling caste census advocates as “urban naxals,” sarcastically asking, “Since when did the PM and Home Minister Amit Shah become urban naxals?”
Leader of Opposition Rahul Gandhi welcomed the government’s “abrupt” decision to include caste enumeration, a first since Independence, but demanded a specific timeline, suspecting delays akin to the women’s reservation bill.
Gandhi credited the Congress’s persistent campaign for pressuring the government, saying, “Our push for a caste census has clearly worked.”
The announcement, made by Union Minister Ashwini Vaishnaw after a Cabinet Committee on Political Affairs meeting, acknowledged state-led caste surveys in Bihar, Telangana, and Karnataka but criticized their lack of transparency.
The opposition, particularly the Congress, has made the caste census a key electoral issue, arguing it’s essential for equitable policy-making.
PM Modi extends wishes to Maharashtra and Gujarat on Statehood Day, highlights their rich legacies
PM Modi and Vice President Dhankhar extended warm wishes to Maharashtra and Gujarat on their state formation day, acknowledging their vital role in India’s development.
On the occasion of the State Formation Day of Maharashtra and Gujarat, Prime Minister Narendra Modi and Vice President Jagdeep Dhankhar conveyed heartfelt greetings to the citizens of the two states. The leaders lauded the states for their significant contributions to India’s development and for preserving their unique cultural heritage.
Maharashtra and Gujarat, both carved out of the former Bombay state in 1960, are now among the country’s most industrially advanced and prosperous regions.
Maharashtra praised for resilience and heritage
In a social media post, Prime Minister Modi reflected on Maharashtra’s enduring contribution to India’s progress. “Maharashtra has always played a vital role in India’s development,” he said. He added that the state’s glorious past and the bravery of its people are a source of pride and inspiration.
Modi described Maharashtra as a pillar of national progress that remains firmly rooted in its cultural traditions. “My best wishes for the state’s progress,” he added, affirming his hopes for continued growth and development.
Vice President Jagdeep Dhankhar also recognized Maharashtra’s legacy of social reform, cultural richness, and economic influence, calling it a symbol of national pride.
Gujarat hailed for innovation and enterprise
Extending greetings to his home state, Prime Minister Modi praised Gujarat’s dynamism and spirit of enterprise. He emphasized the state’s achievements across diverse sectors and its growing reputation for innovation. “The people of Gujarat have excelled in various fields. May the state keep attaining new heights of progress,” he noted.
The vice president echoed similar sentiments, highlighting Gujarat’s association with national icons like Mahatma Gandhi and Sardar Vallabhbhai Patel. He noted that the state’s tradition of leadership and resilience continues to shape the nation’s path forward.
As both Maharashtra and Gujarat observe their 64th Foundation Day, the leaders’ messages serve as a reminder of the states’ enduring impact on India’s political, social, and economic landscape.
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