Exercise of general lien -- Port Trusts Act vs Contract Act
The SC in the Board of Trustees of the Port of Bombay vs M/s Sriyyanesh Knitter 1999 AIR SCW 2859 had to consider and decide whether the port trust's board of trustees constituted under the Major Port Trusts Act 1963 have a general lien for their dues over the present or future consignments imported at the BPT when the said dues are in respect of past imports.

Efficacy of collective investment schemes
The Securities & Exchange Board of India (Sebi) has recently notified the regulations which would govern what are termed as collective investment schemes.

Income-tax liability of travelling expenses of foreign collaborators
With an ever-increasing number of joint ventures and collaborations taking place, Indian companies are required to bear the expenses of their overseas partners when they visit India. Such expenditure is normally undertaken as hospitality and would very often be reciprocal.

Wonky barometer
Gung-Ho expectations, which fuelled share prices for weeks in a row to boost the benchmark BSE Sensex to 5,031 on October 11, remain in place.

CRR post-script
The release of funds to banks (Rs 8,061 crore) through cuts in their cash reserve ratio (CRR) may not go far in swelling resources to business. The banks will have to accommodate the slated expansion in credit to government.