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INTRODUCTION According to Section 2(h) of the Indian Contract Act, 1872, a contract is an agreement which is enforceable by law. When a party makes an offer and the other party assents to the offer, an agreement arises and which can be enforceable by law. To make an agreement enforceable by law, some essentials have […]
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What is a cheque? Cheque according to section 6 of negotiable instrument act 1881, a cheque is a bill of exchange drawn on a specified banker and not expressed to be payable otherwise than on demand and it includes the electronic image of a truncated cheque and a cheque on an electronic form. A cheque […]
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The administration intends to complete a “concentrated audit” of the organization of organizations’ law as a feature of endeavours to anticipate occasions of corporate cheats, as per a senior authority. In the wake of over Rs 13,000 crore trick at Punjab National Bank, including precious stone shippers Nirav Modi and Mehul Choksi, different experts, including […]
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The British judge hearing the removal instance of alcohol noble Vijay Mallya today said that it was “blindingly self-evident” that standards were being broken by Indian banks which authorized a portion of the advances to the recent Kingfisher Airlines. Managing a hearing at Westminster Magistrates’ Court in London, Judge Emma Arbuthnot coordinated the Crown Prosecution […]
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CBI books Delhi jeweller in Rs 389 crore loan fraud- The Central Bureau of Investigation (CBI) has enrolled yet another instance of credit extortion, this time against a New Delhi-based adornments outlet Dwarka Das Seth International. Oriental Bank of Commerce (OBC) has claimed a credit misrepresentation of Rs 389.95 crore against the proprietor of Dwarka […]
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What is an Insurance Fraud? The Indian Insurance Act does not contain a definition for ‘protection extortion’. Neither have particular laws associated with protection misrepresentation been illuminated in the Indian Penal Code,1860(IPC). The Indian Contract Act,1872 (ICA) likewise doesn’t have particular laws relating to protection extortion. Despite the fact that areas identified with phony or […]
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