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“The principle aims of IBC are to promote investment, and resolution of insolvencies of corporate persons, firms, and individuals in a time bound manner. The IBC consolidated and amended a web of laws which had led to an ineffective and inefficient mechanism for resolution of insolvencies marked with significant delay”
by Siddharth R. Gupta*
Cite as: 2023 SCC OnLine Blog Exp 78
by Siddharth R. Gupta† and Prakriti††
Cite as: 2023 SCC OnLine Blog Exp 29
Delhi High Court: In a batch of petitions filed assailing proceedings initiated by the respondent- State under the Prohibition of
“When the legislature acts within its power to usher in a valid law and rectify a legal error, even after a court ruling, the legislature exercises its constitutional power to enact the law and does not overrule an earlier court decision.”
“Merely because a law operates on certain circumstances which are antecedent to its passing does not mean that it is retrospective.”