Monday, 17 November 2014

what is the meaning of syndication of rupee term loans?

In the financial system, syndication of loan means as under: "Syndication is an arrangement where a group of banks, which may not have any other business relationship with the borrower, participate for a single loan."
"A syndicated facility is a lending facility, defined by a single loan arrangement, in which several or many banks participate."
In a leading financial article, to understand the syndication of loans in common parlance, it has been stated that:
"The standard theory for why banks join forces in a syndicate is risk diversification. The banks in the syndicate share the risk of large, indivisible investment projects. Syndicates may also arise because additional syndicate members provide informative opinions of investment projects or additional expertise after the funding has been extended."
Related Case: H.C. Arora vs State Of Punjab And Others on 12 November, 2009 

Saturday, 8 November 2014

What is Continental Law and how it differs from Common Law

The common-law legal system exists in England, the United States, and other countries colonized by England. It is different from continental legal system, which predominates in Europe and regions colonized by France and Spain.

Mode of Interpretation

  In Continental Law the most popular interpretation is Liberal and Historical interpretation whereas the English courts resort to  Liberal and Historical interpretations only in case of defects in statutes.

Monday, 3 November 2014

Origin and meaning of the word alqaanoon or qanoon

The word alqanoon finds it's origin in Arabic means law. The 'al' is the defifinite article in Arabic similar to 'the' in English. Many languages has borrowed this word. In Hindi it is used 'kanoon' meanig law. In English the word 'canon' is defined as 'a general law, rule, principle, or criterion by which something is judged' popularly known as 'canon law'. So the word al.qanoon has a wider meaning and coverage being used almost all over the world

The Law

Have you ever wondered, in spite of plethora of laws for regulation of human conduct, why the crime rate is increasing appallingly? Why the pavements are being reserved for drunkards and for the raped? why even the primary schoolhouses are smudged by fumes and other stimulants? Why the houses or shops are being robed under the shining sun?
     We have laws. The 511 sections of the Indian penal code deals almost almost all the offences. Despite some shortfalls, we have an active judiciary. Then who is the real culprit? the government?, the judiciary or the law itself?