[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.
[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.
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.
Read the full speech of Justice N V Ramana here
Watch the full speech here
PM Modi joins fitness influencer Ankit Baiyanpuriya in Swachhata Hi Seva campaign | Watch here
Taking to X, formerly known as Twitter, PM modi shared a video of him doing the cleanliness work with the influnecer.
A day before Gandhi Jayanti, PM Modi participated with fitness influencer Ankit Baiyanpuriya in participated in the Shramdaan for cleanliness campaign as part of the Swachhata Hi Seva campaign.
Taking to X, formerly known as Twitter, PM modi shared a video of him doing the cleanliness work with the influnecer. Sharing the video he wrote, today, when the country focused on Swachhata, Ankit Baiyanpuriya and he did the same! Beyond only hygiene, they included wellness and fitness in the mix as well. It is all about that Swachh and Swasth Bharat vibe.
PM Modi can be heard asking Ankit in the video that how the Swachhata mission will benefit his physical health. Ankit responds, it’s up to us to maintain our environment clean. They’ll stay in shape if it stays clean.
Ankit added that Sonipat’s residents have been emphasising hygiene.
Fitness influencer Ankit Baiyanpuria, a former desi wrestler from Bayanpur, Sonipat, has earned notoriety for his advocacy of conventional and regional training techniques.
Ankit gained fresh notoriety earlier this year when he introduced the strenuous 75-day Hard Challenge to improve his mental toughness and self-control.
Ankit, who was raised by labourer parents, is well known on social media for his flawless training methods and distinctive routines that not only prioritise physical fitness but also encompass mental well-being with books like the Bhagavad Gita.
Ankit had to change his strategy in 2022 after dislocating his shoulder while participating in mud wrestling. He started documenting his fitness progress on Instagram.
He first learned about Andy Frisella’s 75-day Hard Challenge while learning fitness. In just 28 days, Ankit has accumulated more than 2.5 million followers! Ankit now has 4.9 million Instagram followers.
Leaders from all over the nation participated in the Shramdaan for Cleanliness session as part of the Swachhata Hi Seva campaign on Sunday after Modi urged citizens to participate in a cleanliness drive on October 1.
A number of Union ministers and MPs were spotted taking part in the nationwide cleanup effort for the Swachhata Hi Seva campaign, including BJP leader JP Nadda and Union home minister Amit Shah.
Uttar Pradesh: Differently abled woman dragged on road by police constables in Hardoi, investigation underway
SP Keshav Chandra Goswami added that the circumstances of the incident are being investigated and erring officers will be punished if they are proven guilty.
In a shocking incident, a differently-abled woman was dragged on the road by police constables at Hardoi, Uttar Pradesh. An investigation has been ordered into the matter after the video went viral across the social media platforms. Reports said that Superintendent of Police, Keshav Chandra Goswami took cognisance of the matter and directed a departmental enquiry into the incident.
The viral video that went viral across social media platforms showed a woman being dragged on the road by two police officers. The horrific incident took place outside the office of Superintendent of Police on Saturday. The video showed the woman being escorted by two police officers to the police station.
In the video, one woman officer is seen holding the woman by her leg and then being dragged along the ground towards the police station. While walking, the woman sat down in protest, following which the officers dragged her away.
Reports said that the woman is differently abled and has come to the SP’s office with a complaint after a dispute with her husband. However, instead of lodging her complaint, she attempted to climb the wall of the Superintendent of Police office.
The disturbing video highlights the high-handedness and coarse attitude of Uttar Pradesh police in dealing with the public. Speaking about the harrowing incident, SP Keshav Chandra Goswami added that the circumstances of the incident are being investigated and erring officers will be punished if they are proven guilty.
Hardoi police asserted that Shilpa Kumar has been assigned to address the woman’s complaint. They added that one of the woman police officials involved in the matter has been suspended. In addition, the two accused PRD policewoman, who are seen in the video, have been taken off duty and an inquiry has been ordered against them. Social media users have heavily criticized the behaviour of the police officials and called for immediate actions.
Swachhata Hi Seva: Home Minister Amit Shah cleans roads, participates in Shramdaan for Cleanliness program in Ahmedabad | Watch here
Prime Minister Narendra Modi urged citizens to take part in the campaign Ek Tareekh, Ek Ghanta, Ek Saath on October 1 at 10 am on the occasion of Gandhi Jayanti.
Union Home Minister Amit Shah on Sunday took part in the Shramdaan for cleanliness program under Swachhata Hi Seva campaign in Ahmedabad, Gujarat. Along with other leaders, the Home Minister can be seen cleaning a road in Ahmedabad. Beside Amit Shah, various political leaders from across the country joined hands and actively participated in the call for cleanliness drive by Prime Minister Narendra Modi.
The Prime Minister urged citizens to take part in the campaign Ek Tareekh, Ek Ghanta, Ek Saath on October 1 at 10 am on the occasion of Gandhi Jayanti. The initiative is a part of Swachh Bharat Abhiyan that conforms with Mahatma Gandhi’s vision for clean India.
Union Minister Piyush Goyal along with Lok Sabha Speaker Om Birla participated in the Swachhata Hi Seva campaign in Kota, Rajasthan. On the other hand, Maharashtra Chief Minister Eknath Shinde actively took part in a cleanliness drive in Mumbai and Uttar Pradesh Chief Minister Yogi Adityanath also participated in the Swachheta Hi Seva campaign in Sitapur.
On Saturday, BJP President JP Nadda and Union Minister of State for Culture, Meenakshi Lekhi took part in the cleanliness drive at Delhi’s Jawaharlal Nehru stadium. At the event, Meenakshi Lekhi slammed the AAP government and stated that they are not working regarding the segregation of waste. Union Minister Raj K Singh also participated in the Clean India drive in the national capital.
Meanwhile, Union Minister Rajeev Chandrasekhar took part in the campaign at Safdarjung Railway Station in Delhi. While participating in the campaign at Gurugram, Union Minister Ashwini Vaishnaw affirmed that a 14 minute clean-up protocol has been prepared for the Vande Bharat trains today and will be carried out at 35 places.
At the 105th episode of Mann ki Baat, PM Modi stated that a major cleanliness event is scheduled for October 1 at 10 AM.