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‘SPAC’ SAGA: THE ASIAN WAVERING

A Special Purpose Acquisition Company or SPAC is also known as a ‘blank cheque’ company, which are basically shell companies (without any commercial purpose), constituted ‘specially’ for acquiring a ‘target’ company, with the intention of the ‘target’ going public. Traditional IPOs have often been expressed as tediously time-consuming and expensive processes, and the alternative SPAC route provides relief for companies to avoid the incessant stress involved. The founders, also known as the ‘sponsors’ along with the management team of the SPAC are responsible for raising capital before they identify and pursue the acquisition of a target. The capital raised is usually deposited and held in a trust until the whole process is completed, similar to the functioning of an escrow account.

What is PWDVA and how does it facilitate access to justice to women?

Domestic violence can be said to be the power possessed by one which is used to subjugate the other, within the confinement of the domestic relationship. Within the PWDVA, any woman who has been subjected to any such cruelty, by the husband or his relative, may file a case under the PWDVA. Not just the woman, even the child with the woman, can be made a co-applicant if they are also subjected to some form of cruelty.

Caste System Is A Deep Rooted menace: Allahabad High Court.

In the case of Sanni Singh v. state of Uttar Pradesh, a single bench of Justice Rahul Chaturvedi recorded his deep concerns regarding the menace of the deep-rooted caste system in the society. A criminal appeal under section 14 A (2) of SC/ST. The act was filed for setting aside the order of dismissal of Bail Application by the learned Special judge, SC/ST Act Add. Session Judge in Crime No. 291 of 2021, u/s 302, 307, 506, 120B IPC and sec. 3(2)(V) of SC/ST Act.

Marital Rape Exception Is Fiction, “Won’t Create New Crime”.

In the case of RTI Foundation v. UOI and Ors.  the Delhi high Court heard the pertinent submissions made by Senior Advocate Rebecca John. Appearing as an amicus curiae, she told the court that the removal of exception 2 from sec. 375 of the IPC will not amount to the creation of a new offence. Exception 2 exempts forceful intercourse by a man on his own wife from the offence of rape. 

LAW AND POVERTY

As per a 2011 study, 62% of Mumbai’s population lives in slums. In fact, the largest slum in Asia, Dharavi is in Mumbai. Dharavi which occupied about 175 hectares of land has a population of 0.35 million

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