A five-judge constitution bench of the Supreme Court of India today ruled that the provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, will be applicable to state and multi-state cooperative banks. The ruling by a bench headed by Justice Arun Mishra came in a case that challenged the Parliament’s decision to amend Section 2(c) of of the Sarfaesi Act—which allows banks and financial institutions to seize and auction properties of defaulters to recover their dues—and include cooperative banks among those who can exercise powers under the Act.
With this judgment, state and multi-state cooperative banking societies can now seize and sell assets to recover their dues. The top court bench in its judgment also held that state and multi-state cooperative banks will fall under the definition of banks under the provisions of the Banking Regulation Act.
DCW ISSUE NOTICE TO DELHI POLICE AGAINST ONLINE ABUSE OF JAILED SAFOORA ZARGAR. ZARGAR WAS ARREST ON APRIL 10 FOR HER ALLEGED INVOLMENT IN NORTH-EAST DELHI RIOTS.
Days after vitriolic and sexist personal attacks of 27-year-old Jamia Millia Islamia student Safoora Zargar went viral on social media, the Delhi Commission for Women has finally taken cognisance of the issue. DCW chief Swati Maliwal took to Twitter to call out the sexist trolling of Zargar, who is three months pregnant and issued a notice to Delhi Police’s Cyber Cell, asking it to start an investigation into the matter. ”SafooraZargar is pregnant & in jail. Whether she is guilty or not, will be decided by court,” Maliwal wrote. “But the way trolls have outraged her modesty and vilified a pregnant woman’s character is shameful! Issued Notice to Delhi Police Cyber Cell to imm take action against the trolls,” she added.
The Constitution is the Judge’s Holy book- Deepak Gupta in his farewell speech.
”When a Judge sits in court, we have to forget our religious beliefs and decide cases only on the basis of this Constitution which is our Bible, our Gita, our Quran, our Guru Granth Sahib and other texts”, Justice Gupta said, waving a copy of the during the farewell ceremony organized by the Supreme Court Bar Association via video conferencing.
Justice Gupta also spoke about the need for the bar to be “humane”
“To be a good lawyer, you have to first be a good human being. You have to be sensitive to everyone’s problems”.
“When you expect a humane judiciary, the Bar needs to be humane as well. You cannot charge sky-rocketing fees from your clients”, he said.
“I may have been an activist Judge, but I’ve never crossed my boundaries. I knew my limitations. When we work under checks and balances, we must be within our limits. We must see that the other organs work within their limits. Some of the writ petitions filed recently are so poorly drafted and it undermines the cause of PILs. Lawyers are requested to exercise restraint”