Common sense dictates that takeover of a company should result in change in control of the company. The first lecture was delivered by Justice M. The Committee was of the view that while the net of presumption should be cast to include all such persons, it should not be cast too widely so as to impinge on the freedom of any person to carry on his normal business activities.
Criticising the judgment renowned constitutional jurist Mr. It was Justice Khanna who spoke out fearlessly and eloquently for freedom this week in dissenting from the Court's decision upholding the right of Prime Minister Indira Gandhi's Government to imprison political opponents at will and without court hearings Supreme Court of India.
This judgement clarified and partially over-ruled the court's earlier verdict in Golak Nath by holding that Parliament could amend the Constitution, particularly the right to property. Justice Khanna's judgement held that, although the Constitution is amenable to amendments, changes that ultra virestinker with its basic structure  cannot be made by Parliament, that is — certain parts of the constitution were "basic" and could not be amended.
As a supreme court judge, Bhagwati introduced the concepts of public interest litigation and absolute liability to the Indian judicial system. Some of his famous judgments are: Supreme Court of India. Gupta case was also criticised by the Bar. Like other human beings Justice Bhagwati had also many ups and downs in his life.
At that time, his father Mr. Bhagwati got all his education in the city of Bombay. The Committee recommends that the term may be defined to mean shareholding in the hands of any person other than the acquirer and persons acting in concert with him.
In his many judgments delivered in the Supreme Court also he gave a visible space to the cause of legal aid through the unique tool of public interest litigation. He was a great defender of human rights and dignity in the apex court of the country. His father was Justice Natwarlal H.
He became the 17th Chief Justice of India on 12 July and held this office till 20 December The Committee recommends that in the definition of persons acting in concert, the persons be grouped in such a manner in the same group or category that they bear such relationship amongst themselves as could justify raising of a presumption in the normal course of affairs that they are acting in concert.
On the formation of the Delhi High Courthe joined the bench as one of its first judges. The definition of the persons acting in concert as defined above would imply a rebuttable presumption. Part II of the Report - sub-regulation 2 of Regulation Even post-retirement he was very active in arbitration and other social issues like education.
As a supreme court judge, Bhagwati introduced the concepts of public interest litigation and absolute liability to the Indian judicial system. His judgments have made him immortal in the memory of legal fraternity.JUSTICE agronumericus.comTI COMMITTEE REPORT ON TAKEOVERS.
Penalties for non-compliance. 8 Penalties for non-compliance. The Committee was of the opinion that stringent penalties which are meaningful and which could be speedily imposed, would alone be effective deterrents against the acquirer and ensure that these Regulations are able to serve the desired objectives.
Aug 02, · When asked about the process of appointment of judges, (Retd.) Justice P.N. Bhagwati was clear: he had seen the collegium system develop before his eyes, and did not approve of it. Sr. No. Draft Provision / Recommendation of the Committee Comment Rationale 1.
Insert reference to the draft provision / paragraph in the Committee’s Report Provide your comment here Specify your reasons / rationale for the comment.
under the chairmanship of Justice P.N. Bhagwati (the Bhagwati Committee). The. JUSTICE agronumericus.comTI COMMITTEE REPORT ON TAKEOVERS. CONTENTS: I: PREFACE: II: PART-I: 1: The Approach of the Committee: 2: Definitions: 3: Applicability of the. P. N.
Bhagwati; 17th Chief Justice of India; In office 12 July – 20 December Appointed by: Giani Zail Singh: P. N. Bhagwati was born in Gujarat. He had been a member of the United Nations Human Rights Committee from tobeing reelected after every two Succeeded by: R. S. Pathak. P.
N. Bhagwati was born in Gujarat. His father was Justice Natwarlal H. Bhagwati, a Supreme Court judge.  He was the brother of the economist Jagdish Bhagwati and the neurosurgeon S.
N. Bhagwati Alma mater: Bombay University, Government Law College, Bombay.Download