Author: RPV Legal Editorial Team

Introduction The Supreme Court has in Sammruddhi Co-operative Housing Society Ltd. Versus Mumbai Mahalaxmi Construction Pvt. Ltd. (“Samruddhi Co-op”) while reiterating its pro-consumer stance and giving a wide ambit to the term ‘consumer’ under Section 2(1)(d) of the Consumer Protection Act,…

Introduction The Supreme Court has in ES Krishnamurthy v. M/S Bharath Hi Tech Builders Pvt Ltd. (“ES Krishnamurthy”) held that the National Company Law Tribunal (NCLT) and the National Company Law Appellate Tribunal (NCLAT) cannot act as courts of equity by…

INTRODUCTION Simply put, a ‘Ponzi scheme‘ is a scam investment purposed at cheating investors. It involves persuading the public to invest in fraudulent, seemingly lucrative, schemes. With nearly no real income, these thrive on a consistent progression of new money…