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NCLT AND INSOLVENCY 1. The insolvency and bankruptcy code was enacted with an objective to find solutions for stressed assets which may have arisen out of non performing assets and liquidation was to be the last resort. 2. NCLT is quasi judicial authority for dealing with corporate disputes which are of civil nature arising under the Companies Act. Although raison 'd' etre of NCLT is to work like normal court of law without any bias and in accordance with principles of natural justice, it's order could assist any resolving a situation or rectifying any wrong done by any corporate. NCLT is empowered to cancel the registration of the company and to dissolve it. 3. The future of big ticket stressed accounts with loans of over Rs. 4 trillion is uncertain and resolution may not be in the offing. Lenders are left with no choice but to take such companies to bankruptcy Court. The big question is who is taking over these companies? what are the credentials of the Companies who have become predators. We at Km Law Associates are keeping a complete track of such companies which are sitting pretty on NCLT shoulders like hawks, waiting for the pray to fall in their lap. Km Law Associates are the corporate advisors for some of the companies who have been taken to NCLT by banks and creditors and have given credible solutions.
BEWARE, SOMEONE IS WATCHING The debates between Aadhaar card and privacy rights have been making headlines every now and then, where privacy has been a key focus. Doesn’t our society lack enough privacy as it is?Are we ready for Big Brother (Aadhaar card) eavesdropping, controlling and manipulating every aspect of our personal lives? There are heightened privacy concerns and questions over the security of biometric data in possession of the Unique Identification Authority Of India(UIDAI).Many have opined that it is an intrusive tool open to misuse by the Government or others. Another area of concern is that our country presently lacks cyber security norms and which , it would not be wrong to say, are almost non existential. Aadhaar card is a convenience, no doubt about that as it’s a never-fail identification document that we need and provides a unique identity to avail Govt schemes. However, UIDAI guidelines are not only confusing but also contradictory. On one hand, it’s website says, ”Aadhaar number empowers residents of India with a unique identity and a digital platform to authenticate anytime, anywhere and is accepted as proof of identity of the cardholder for any purpose.” On the other hand , it says that Aadhaar number should not be shared with anyone. While it says that biometric information is never shared, company like Reliance Jio is already collecting fingerprints of its customers to simplify the eKYC process which is nothing short of a 'privacy nightmare'. Leakage of Aadhaar data of cricketer M S Dhoni made headlines, however, similar leakages of lesser known mortals have gone unnoticed. A recent report by 'The Tribune' claims that it had gotten access to around a billion Aadhaar Numbers in 10 minutes by paying Rs500/- to an anonymous seller. A few more security breaches which have surfaced are: -Money in Bank accounts withdrawn fraudulently using Aadhaar data -210 Govt.websites made Aadhaar data public. -Water and sanitation ministry breached Aadhaar privacy. -Aadhar details of over 6 million people leaked on a website managed by the Jharkhand Directorate of social security. Hacking into databases for data is not very difficult for a person with the necessary motivation, skills and time. Systems are hack proof only until the first hack. So what is one supposed to do in these confusing times and discussions? Is there any way to ensure that personal data is not misused? Well yes, there are a few weapons available to a cardholder in terms of certain actions which can protect his personal data . A mechanism exists under which a card holder can choose to block his Aadhaar card along with his demographic and biometric information if he wants to opt out of the UIDAI system. Biometric data should be locked by the cardholder so that no one can access it and the same can be unlocked by following the process given in UIDAI website. A cardholder must not give a photocopy of Aadhaar card in Physical/digital form and must not share his/her Aadhaar number. If there’s no option but to produce a photocopy of Aadhaar card, the cardholder must write the purpose on it and must also self attest it. After all, someone has rightly said BETTER SAFE THAN SORRY. KMLAWASSOCIATES is the first choice of victims of security breaches in Delhi NCR. Whether it’s misuse of personal information or CCTV coverage, the professionally led , expert team of KMLAWASSOCIATES ensures that hassle free justice is delivered to those whose personal space has been encroached.
A 2 days old baby girl is flushed down the toilet by her own parents. A man in UP hangs up his wife, beats her, makes a video of the same and sends to her parents for demanding dowry. A daughter is denied a share in her father's self acquired property. A girl is raped. Such incidents and even more gruesome crimes are committed against the women in our country but why is it that rapes get more attention as compared to other forms of crimes like female infanticide, acid attacks, sexual harassment/exploitation, dowry deaths, cheating, murder, wife battering, maltreatment at home, honour killings? Is it because'sex sells' even in crimes? The rape crisis is just one facet of the multitude of problems that reflect the gender discrimination scenario in our country which are seen right through'womb to tomb'. It's quite interesting to see how in the wake of brutal rapes and murders, the whole country takes a 'holier- than- thou' stand, passes quick judgements on the accused, without analysing their own conduct and contribution in crimes against women. Popular media is rife with news of rapes which appear to be the most rampant and high profile of all the crimes against women. This hype in the media compels us to believe that rapes are on a dramatic rise. However, studies have shown that rapes have, more or less, followed a flat trend while the most dramatic rise has been seen in number of cases registered under cruelty by husband and his relatives. Cruelty by husband and his relatives, domestic violence and dowry related crimes account for more than half of the crimes against women. However, these are not considered worthy of our attention since the very powerful media is busy covering certain brutal and violent incidents having political undertones. India is traditionally a male dominated society where masculinity is about men acting tough, freely exercising their privilege to lay down the rules in personal relationships and above all, controlling women by making them limited and obedient to perform different functions of daily life. There are many laws but 'brutalisation of women 'seems to be on the rise and becoming too broad. Thousands of girls are becoming victims of this evil on a daily basis, which reduces their self respect, dignity and status, thereby hindering the social, economical, political and cultural progress of our country. Male dominated societal norms, economic dependence, overall lower status of women further exacerbates these crimes . Politicians are only as good as the people. Beastial masculinity and inefficiency of judicial and political system is a daunting challenge. We as a society need to modify our mindset regarding women and get our act together to accept them as human beings with equal rights, deserving equal respect and status. There is an urgent need for stricter laws, faster convictions, larger representation of women in judiciary and law enforcement. However, these are also symptomatic measures. Our society needs deeper surgery and extensive treatment, starting at home and continuing through years of schooling and beyond, which is undoubtedly a generational effort which must be collectively made by HRD and law ministry. As the journey of a thousand miles begins with one step, we should let these incidents be the trigger which forces our society to take this first step. Let's start now.
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