Author: trrk1941

Judgment Admitting Human Fallibility of Judges A very important judgment delivered by a Bench of Supreme Court of India consisting of Justice Vikram Nath and Justice Sandeep Mehta admitted that judges can also commit errors in their judgments as they are also humans. Further the judgment also states that the courts should no shy away from accepting them and rectifying their errors if committed. The importance of the maxim “Actus Curiae Neminem Gravabit” which means that act of court shall prejudice no one, is a principle well enshrined in legal jurisprudence. It also assures that no party should suffer owing…

Indian Banks Wrote Off Rs. 16.35 Lakh Crore in Bad Loans Over a Decade The Finance Ministry recently informed Parliament that banks in India have written off a massive Rs. 16.35 lakh crore in bad loans over the past ten years. The Reserve Bank of India (RBI) explained that these write-offs follow regulatory norms requiring banks to make full provisions for Non-Performing Assets (NPAs). The aim is to clean balance sheets, support financial stability, and keep recoveries a top priority. Bad Loan Write-Offs Over the Years Financial Year Total NPAs Written Off (Rs. Crore) Written Off for Large Industries &…