March 6, 2021

Bank Law reform

In next 60 days, entire laws relating to 1) Dishonour of Cheques 2) And Code of Ethics may become applicable to bankers. You can mark or save this Post to see if law in these area realy changes or not. .

Three Points

1. A case is going in Supreme Court, where entire trial court procedure in cheque dishonour cases is being discussed and also moves to set up more courts for such cases, are being examined.

2. RBI has directed Association of Bankers to come up with an ethical code of conducts.

3) In past, I saw that a man in Gujarat, who had properties. Though he did not need any loans, a branch manager seduced him to take lots of loans, without examining his capacity to repay . 

4. When he made defaults in paying EMI, two criminal cases were filed on him. One under Sec.138 for dishonour of a check and Second criminal case for defaults in paying EMI under one another criminal law regarding EMI defaults. The policeman who served his summons of cases, also gave him number of a Delhi lawyer, who could help him with this financial institute. The cases under Arbitration Act, under Sarfaci Act, were in queue. Soon the properties of this man were auctioned and he was ruined because of unhealthy practice of a Financial Institute which has Branches all over India. Its real profit is Bank Interests + Kickbacks from an auction sale of property of a debtor 

How to apply time to a particular client, for his particular case, and for particular task relating to his case and to keep its record also?

How to apply time to a particular client, for his particular case, and for particular task relating to his case and to keep its record also? How to be aware about this? 

As per One Money-Minded man, the work you are presently doing has no value unless you know 1) Name of Client for whom you are doing this work 2) Name of his case or project  for which you are doing this work and 3) For how much time you are spending on this. 

I found that there is one mobile free app on play store, which can be used without any advertisement, (there seems no time limit on free use), where you can record and track time spent for each client (domain), for each case (project)  and for each type of task.

It is called Gleeo Time Tracker and timesheet.

There are better apps also. But this can help us starting applying our time to productive work.

March 1, 2021

Misunderstandings about #Contempt Law in India

1) Contempt law is not used to make someone famous. When Supreme Court issues notice of contempt to some person, the person who filed contempt petition and the person to whom notice is issued get publicity in news. But this is not the purpose of Contempt Law.

2) Judges ignore many contemptuous acts. They decide on their own about what deserves their attention and what doesn't. Attorney General's opinions not binding on them.

3) The Judges only use Contempt Law, when they feel that it is most necessary to send a message to public at large.

4) The Judges have absolute powers to decide what is contempt and what is not contempt, in facts of each case. There are no fixed rules here. This is an area of discretion of the judges. 

5) Even after finding a person guilty of contempt, the Judges may let off the contemner without any punishment, or with nominal punishment, if they think it so fit. (Arundhati Roy Case) 

(c) Haresh Raichura 01/03/21