Landmark Judgments on Banking Laws by the SC and HC’s in 2022 (RDDB, SARFAESI, RBI, BRA Enactments) Part II
by Siddharth R. Gupta† and Prakriti††
Cite as: 2023 SCC OnLine Blog Exp 29
Retroactive
Delhi High Court quashes confiscation proceedings against Satyender Jain under Prohibition of Benami Property Transactions Act, 1988
Delhi High Court: In a batch of petitions filed assailing proceedings initiated by the respondent- State under the Prohibition of
Supreme Court holds private school teachers entitled to gratuity; upholds Constitutional validity of Payment of Gratuity (Amendment) Act, 2009
“When the legislature acts within its power to usher in a valid law and rectify a legal error, even after a court ruling, the legislature exercises its constitutional power to enact the law and does not overrule an earlier court decision.”
Explained| Retroactive, True Retroactivity, Quasi-retroactivity, and Retrospective: Synonymous or distinct?
“Merely because a law operates on certain circumstances which are antecedent to its passing does not mean that it is retrospective.”