Articles by FCS Deepak Pratap Singh
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Limitation period is 3 years even if default fall before enactment of IBC 2016
FCS Deepak Pratap Singh 22 February 2022 at 08:57Limitation period for initiation of CIRP is 3 years from the date of default even if a default took place prior to the enactment of IBC,2016.
All about Uniform Customs and Practice for Documentary Credits (UCP)
FCS Deepak Pratap Singh 21 February 2022 at 12:06A Documentary Letter of Credit or LC is an irrevocable, written undertaking by a commercial bank, issued at the request of the buyer (applicant) in favor of the seller (the beneficiary), to the effect that payment for certain goods or services will be made against a complying presentation of documents.
Some facts related to bank guarantees
FCS Deepak Pratap Singh 21 February 2022 at 08:40A bank guarantee or also known as BG is a legal document issued by a bank or a financial institution to assure exporters/sellers/suppliers that they would be paid on time if the applicant/importer/buyer fails to pay the amount or fulfill the terms & conditions mentioned in the contract.
Exclusive jurisdiction of MACT in motor accident cases
FCS Deepak Pratap Singh 21 February 2022 at 08:40In 1988 Motor Vehicle Act, 1988 was passed by the parliament of India. This act is responsible for covering all the aspects that are related to road transport vehicles. Furthermore, this act provided licensing to the conductors and the drivers as well as registration of motor vehicles.
Claim cannot be denied on the basis that vehicle has transferred
FCS Deepak Pratap Singh 17 February 2022 at 08:37Claim cannot be denied to the seller of the vehicle on the fact that the vehicle is sold to another person unless the sale is complete and ownership of the vehicle is transferred to buyer.
Sec 35DD: Amalgamation/Demerger expenses will be allowed to resulting company
FCS Deepak Pratap Singh 17 February 2022 at 08:37The ruling of Delhi High Court will be much-needed support to the corporate world. This will help smooth restructuring of companies and claiming of restructuring expenses
Contributory negligence - Passengers travelling in horse cart
FCS Deepak Pratap Singh 14 February 2022 at 09:09Passengers travelling in vehicle cannot be held responsible for contributory negligence of the driver of the vehicle and claim cannot be reduced on the same ground.
Some facts related to Pradhan Mantri Mudra Yojaja (PMMY)
FCS Deepak Pratap Singh 14 February 2022 at 09:09The Government of India has launched the Micro Units Development and Refinance Agency Limited (MUDRA) Bank in April,2015 with principal objectives
Reduction of share capital is a domestic affair of a company - NCLAT
FCS Deepak Pratap Singh 11 February 2022 at 08:35Reduction of Capital' under Section 66 of the Companies Act, 2013 is a 'Domestic Affair' of a Company in which, ordinarily, a Tribunal will not interfere because of the reason that it is a 'majority decision' which prevails.
Whether non-refundable grants be considered as Capital Expenditure and not allowed as expenditure for deduction
FCS Deepak Pratap Singh 08 February 2022 at 08:35The appellant-Corporation, National Co-operative Development Corporation, was established under the National Cooperative Development Corporation Act, 1962 (hereinafter referred to as the ‘NCDC Act’).
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