Author: Ranjan Kumar

Date: 21.01.2021 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…

Date: 30.12.2021 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…

Date: 11.10.2021 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…