Blacklisting Policy

In a significant verdict, the Supreme Court on Tuesday held that banks and the Indian Banks' Association (IBA) cannot put the advocates in the "caution list" merely on allegations of professional negligence. Reinforcing the independence of the legal profession, a bench of Justices P S Narasimha and Alok Aradhe held that blacklisting lawyers amounted to an impermissible encroachment upon the statutory disciplinary jurisdiction of the Bar Councils. "We direct the Bar Council of India to constitute a team of senior and junior lawyers as well as experts in the field of establishing academic institutions for considering, discussing and evolving the idea of establishing National Legal Academy (for lawyers). "We hope and trust the BCI will rise to the occasion and reflect on all these issues and inform the court of its decision," Justice Narasimha, who authored a 41-page judgement, said. The verdict clarified the scope of judicial review under Article 226 of the Constitution and held that

Earlier in February 2020, Democratic People's Republic of Korea (DPRK) and Iran was put on blacklist by the anti-terror financing and anti-money laundering watchdog

The next FATF plenary review of Pakistan's status is due in June this year.

A selection of key court orders

The bench was informed that 10 petitioners before the top court have decided to contest the criminal cases

In a letter to Shewale, Union Minister of State for Home G Kishan Reddy said the issue was examined by the Ministry of External Affairs (MEA) following his complaint

Impact on India investments via Mauritius likely to be minimal

Parrikar has strongly backed the US-style alternative of imposing tough financial penalties on cos found guilty of wrongdoing