In Lalit Kumar Jain v Union of India (2021), what did the Supreme Court hold about the notification of…
Lalit Kumar Jain (2021) held that "the impugned notification was issued within the power granted by Parliament" and "is not an instance of legislative exercise", so it was…
Choose your answer
In Lalit Kumar Jain v Union of India (2021), what did the Supreme Court hold about the notification of 15 November 2019 that brought into force the provisions of the Code on insolvency of personal guarantors to corporate debtors?
Answer and explanation
Correct answer D
Lalit Kumar Jain (2021) held that "the impugned notification was issued within the power granted by Parliament" and "is not an instance of legislative exercise", so it was not ultra vires section 1(3). The Court concluded that the notification "is legal and valid". Section 1(3) allows different dates to be appointed for different provisions of the Code.
Practice for these exams
-
IIT Kharagpur LL.M. Entrance
Subject revision
See pack details on LawMint.net -
Insolvency
Subject revision