NFSU has campuses in Gandhinagar, Delhi, Goa, Pune, Dharwad, Guwahati, Tripura, Bhopal, Manipur, and Uganda. The eleventh one (overall) and the tenth one in India will be in Panchkula.

Telangana CM has requested the MHA to set up a NFSU campus in Tirupati assuring full support by way of funding and land.

https://indianexpress.com/article/cities/hyderabad/ap-cm-meets-amit-shah-pitches-for-national-forensic-sciences-university-at-tirupati-8351182/

This is what a true "National" University is.

As far as I know, they are moderated twice now. First by the newly appointed mods and then again by the legally India mod to filter out our mistakes (if any).

And yeah I can assure you that we moderate, there are surprisingly high frequency of comments that are not suitable for publishing. Hope it helps :)

Please read this article from the UK Daily Telegraph everyone. It’s a must read. And before the dog-lover wokes complain that this newspaper is conservative, note that it quotes top experts.

https://www.telegraph.co.uk/global-health/climate-and-people/indias-stray-dog-days-finally/

NLS guy lurks around on a thread about NLUD and passes comments about integrity and when someone replies, you’re getting butt hurt? And stop throwing around the word “class”, like it’s some cheap pat on the back. NLS has had numerous controversies from the NLAT fiasco to sexual harassment issues and student suicides. That NLS guy wants to pass his opinion, but then wants to escape criticism by throwing around some lame flex that he’s from NLS? Doesn’t work that way.

In the past, I witnessed a similar scenario play out. My sister, who conveniently had the hots for another girl—who also happened to be someone’s sister—was in quite the conundrum. After much internal debate and self-doubt, she turned to her ever-wise, perpetually-available, and supremely caring brother (yours truly) for advice on such heart matters. Embracing my role as the doting sibling, I reassured her that these things often have a way of sorting themselves out. Plus, since I knew the brother of the object of my sister's affection, I eagerly offered to facilitate a chat with her. A family and friends gathering provided the perfect backdrop for this talk. But, plot twist! As I approached her, it seemed she was also keen on striking up a conversation with me. We quickly found common ground: both of us were skeptical about Jim from 'The Office' (US version) being the knight-in-shining-armor he's made out to be. We agreed that 'Fight Club' might just be the best film adaptation (even trumping The Godfather) and debated the cryptic ending of '2001: A Space Odyssey.' But what took center stage was our mutual appreciation of my sister's sweetness, agreeing she deserved only the best. Thus began what can only be described as the most whirlwind and chaotic romance of the 21st century. It went strong... for a week. Then, both my sister and the brother of my week-long love interest (who, incidentally, was an old pal) discovered our liaison, leading to a family saga worthy of a prime-time soap opera. Suddenly, I was the villain! Can you imagine? My sister no longer speaks to her "loving" brother, my old friend acts like I'm invisible (claiming I exploited our friendship to woo his sister), and my fleeting flame? She's blocked me everywhere and conveniently relocated for her master's. Probably thinks I'm worse than Jim now.

So here I am, trying to make a living and watching life drift by, wondering... is "Fight Club" really that great?

Like I said, you might think you’re great but that’s only because you had a 20-year head start. Whatever we’ve done in the past 15 years with the intense competition from other NLUs, that’s not some PR game. And it’s pretty much known to most people across NLUs. If you want to keep denying that, go ahead, I don’t care enough to convince you. Keep shouting fake data and unfair AILET like some broken tape recorder.

And these blanket statements like “we produce better graduates” and “the average NLS guy is better than the average NLUD guy” is quite flippant, when anyone who’s interacted with either places knows that simply isn’t the case. There’re good and bad folks from both places, in my experience. And I don’t think there’s anything wrong with kids preferring NLS, it’s got an older reputation and a lot of legacy achievements. NLS was my first choice too when I took the CLAT, but within the law school community, I’ve realised it hardly made any difference in terms of opportunities and exposure.

And as far as faculty leaving goes, don’t make it seem as if NLS has honed all that faculty by itself. They didn’t leave because it was NLS, they left because of the change in administration under the new VC at NLS. There was hardly any great faculty for years before that. And if the administration changes, what’s the guarantee they won’t leave again? And look, you can keep saying you’re great and that all the magazine rankings say so, but at the present, you’re just not that superior to other NLUs. And no ill intention here, but I think it’ll get worse with the massive batch sizes.

They do watch. But to the exception of Trilegal, don't think it makes a difference to anyone - in almost all cases, the folks who are responsible to report this are too scared to even paraphrase this to the gujju and Parsi promoters. Even if it gets escalated, these law firms have the 'we are the best' syndrome. People can cry all they want, but until they threaten to quit, no point pandering to their small problems, is the attitude.

Three structural changes are required in the Indian legal sector for law firm salaries to move up in a meaningful manner where they reflect value for the effort and commitment the legal profession demands.

One, reduction of the ownership of the promoters who take away disproportionate share of the profits - Trilegal may not be perfect but once founders retired, at least the Firm was able to pay everyone significantly better - any large firm in which one person or one family owns a disproportionately large equity is structurally flawed in my view and will never be able to pay fair compensation to its talent. No one person or family can contribute enough value to a firm to be able to justify holding a disproportionately large equity share - irrespective of the age of the brand. The change will either come either when foreign law firms set up shop in India - then the change will be rapid, or as and when the current crop of founders/ promoters transition ownership and control to their progeny - to be able to do that, they will have to reduce their equity to fund higher salaries in order to buy peace with the talent - this may take another 3-7 years from now to play out.

Second, the fee rates in Indian market are way lower than the international market - tier 1 firms are happy charging Rs 13000-14,000 per hour blended (including partner) to their Indian clients (with the exception of AZB which bills at slightly better rates), whereas a fresh associate in the Singapore office of a US firm bills at upwards of USD 1000 per hour; the reason why rates are less in India is primarily because most Indian companies and GCs focus on cutting legal cost more than risk mitigation. A lot of GCs in India have had no experience of having been in legal practice - either as a corporate lawyer or as a disputes lawyer. Where the GC has very little understanding of good lawyering and thinks of lawyering as a commodity, rather than a bespoke service, the focus will always be on shopping around to lower the cost. The exceptions to this are high corporate governance companies where risk mitigation is a part of their DNA. The promoters don't bear the brunt of low fee mandates (beyond having to live with a lower margin but still make a humungous absolute number) and the entire pain is picked up by the professionals in the Firms - working crazy hours to support insane volume to compensate for low rates and somehow meet or at least come close to the team target.

Third, NJAC - this will most certainly break the existing dominance of a few families over the disputes end of the profession. Ironically, the talk of NJAC riles up the NLU students due to its perceived threat to judicial independence. But think about it - is the existing collegium helping the talent coming out from NLUs reach their true potential in the disputes practice area. And if the existing system is broken, why oppose an alternate one - it may just work better.

looks matter a lot, the pineal gland in the centre of the brain excretes the love hormones when it sees an attractive face, example symmetrical face, broad shoulders, flat stomach, and it also secretes the disgust hormones if the guy is ugly and not aesthetic, similar to a cockroach or spider, so definitely don't underestimate importance of looks.

For someone looking to cut their teeth in probably in the next batch(what the OP seems to be coming from)- I don’t see how NLUj can outgun NLUd even if I put on a hat of objectively and not let my biases about how good either of them may be. I mean everyone knows the status of faculty and infra at both the places. Also placements are not something to write home about even at j, because a closer look will provide you how by scratching beneath the surface how poor those numbers are. NLUd also may not have set the stage on fire but it’s not like there figures were in shambles.

And if everyone is the same irrespective of what top 6-7 or more NLUs they come out of then what would be the point of even comparing :)

See, that's the difference. When NLUD people proclaim their superiority over other places, they don't really know nor bother to find out what's actually happening in those places, good or bad. On the other hand, there are people like the guy above from NLSIU who are actually aware of things happening at NLUD along with what's happening at his own university, hence their opinions are better informed ones. Throughout this discussion, the NLSIU guy didn't even mention once that his NLU is the best. On the other hand, the NLUD guy kept on making snide comments about other NLUs and how his place is better than anywhere else, without referring to any factual reason as to why. That's where the difference in class exists.

Decent placements for one year doesn't make it a Tier-1 in "all aspects". NLIU isn't bad but there have been years where their placements have been quite poor relative to their batch size. No foreign vac schemes, barely any major international moot/ADR wins, not many scholarships (no Rhodes yet despite being the second-oldest NLU), massive domicile quota and other reservations. Tier-1 NLUs (NLS, NLUD, Nalsar, NUJS) have achievements in all these fields. Now, you even have a larger student body with some BScLLB in cybersecurity. NLIU is still a very good place compared to the tier-2s, but it's not a tier-1 except in domestic placements, maybe. The faculty and research opportunities there aren't exceptional by any means either.

Name one firm which doesn't engage in this fishy behaviour and where the increments and bonuses are on time? For a firm like SAM, they should really be setting the standards. But alas, not much can be done with these gujjus. All senior law firm partners are to blame - for having given the shroffs this much credence.

No please don't decide so early. Let your CA go on side.
Law is lucrative only if you get into top 4/5 NLUS , maintain consistency all 5 years and make a decent enough CV.

I am a litigating lawyer , not from a good law school and considering to do CA now ! I am 28 . I and persons similary placed are not generating enough income. Cases in litigation go on for several years.

Another factor you should know is that in legal profession (be it law firm or litigation) we have crazy work hours ! In CA you can atleast think of work life balance.

Better would be to stick to CA and complete it through out.

Lol. SAM HR would rank among thr worst. How many times have increments been paid on time? Promotions announced on time? Level of increments pathetic. Any HR which believes delaying payments and ensuring that their only effective retention strategy is tk ensure you leave money on the table, whenever you leave, is no HR.

Clearly you did not have a single factual point to make. You are the one who had started the mudslinging and the judging. As for a contest with you, why on earth should we? Make yourself worthy of contesting with us first. Join CLAT and see which place the students prefer. Or even now, which ones the recruiters prefer. Or how many academicians are being produced by the two places. Or basically any criterion that you can name. Your faculty are the ones who come over to us and not the other way around. We don't have to call ourselves the best, unlike you who keep harping on that.

Instead of what has not been abrogated, you should probably talk about what has been. The "anytime soon" spiel is being given for several years now, despite the fact that the government has failed to give a single good reason for that, rather it keeps saying that everything is now great in the region. My right to vote is not something that a party can decide at its convenience. This is a blatant violation of federal nature of the country and the Constitution.

A 50-acre campus to come up in Panchkula, Haryana. This is National Forensic Sciences University's eleventh campus. NFSU is a single unitary multi-campus multi-disciplinary University, under the Ministry of Home Affairs, Government of India.

https://theprint.in/india/national-forensic-sciences-university-campus-to-come-up-in-haryanas-panchkula/1679202/

The varsity team just concluded a visit to Panchkula to select the site for the said campus.

https://timesofindia.indiatimes.com/city/chandigarh/varsity-site-expert-team-to-visit-pkl/articleshow/103098178.cms?from=mdr

It was March 2022 when I first set foot on this campus. We had dogs back then, and there were people who were scared of them too. However, nobody wanted the dogs to be removed. The dogs minded their own business, and the people who liked them petted them, while others maintained their distance.

One particular dog that arrived on campus a few days later began chasing people. Things were still manageable; it was just one dog, and people tried to avoid it. Last semester, there were puppies, and for the most part, they were harmless. This semester, however, the dogs have grown up and started acting aggressively. It's become challenging for people to walk around campus because you never know when you might be chased by a group of dogs. Many people have been bitten, and many more have had close encounters. The issue of dogs defecating and urinating in the academic block and hostels is a major problem, but it's just one of the issues. The safety of students is at risk, and therefore, we hope that something will be done about the dogs.

Until now, nobody wanted the dogs to be removed because they didn't pose any problems. However, with each passing day, new problems are arising. People are actually getting bitten, and it's not just a one-time incident. Calling those people wishing to have a bare minimum livable life on campus "inhumane" is just not done.

Absolutely! You can give clat next year. To make matter a bit more east , just try out this year’s clat as well. It will provide you insight and you are anyway eligible. Try to join the tier-1 nlus and so prepare well. Make newspaper reading a daily habit of yours and starting giving mocks. Watch some videos to get things started. All the best!

I mean gay dating is hard as it is! Atleast you know he is into guys too! That’s a win. Don’t sweat it too much, given the law firm life, you both are bound to stumble onto each-other, you can just approach start a conversation and see where it goes! All the best! (PS- it’s not a bad idea to date a colleague, just be safe from office politics)

Your conclusion is apt but the question I put forward is, Why doesn't RML have that "brand name" to attract firms.

Is it because of the students themselves who aren't interested in Corp or is it the college as a whole which hasn't developed a sustaining corp culture to attract such firms.

"Brand Name" is a pretty broad term, what should be asked is, why inspite of churning out such low numbers for quite a few years, is the college not doing anything to fix it?

The Judiciary tag which one has ascribed to RML not only disincentivises firms from coming to the college but it also creates a vicious cycle where judiciary aspirants attempting CLAT believe RML is the "best" place to do it.

If your priority is attending the family functions, you might not want to intern in these "decent" firms as well. Firms have thankfully accomodated online internships for students who can't make it due to monetary issues, and you take advantage of the same and show lackadaisical work, promoting partners to make interns work in front of them.

not even 10%

https://timesofindia.indiatimes.com/business/india-business/people-earning-rs-25000-per-month-fall-in-top-10-of-wage-earners-in-india-report/articleshow/91694940.cms

By using the term "Admin" I also imply the IPC. The Admin has the responsibility of signifying their interest to such firms in getting their students placed. This is done hand-in-tie with the IPC which has the main burden of reaching out to such firms.

A low placement figure could reflect that the IPC hasn't been proactive in reaching out to firms or their alumni who are pretty well-seated in such firms. The Administration is partly liable because the very IPC is presided over and advised by the members of the faculty and other members alike.

I never stated that there exists a "Special Subject" in the syllabus that screams corporate. The overall Syllabus especially after the 5th semester including Honours and Optional Papers heavily lean towards the corporate side.

The Liberal subjects taught in RML are heavily modified to incorporate topics that are of relevance in UPSC. This has been stated by the concerned faculties themselves and is not something I'm throwing for the sake of throwing.

Lastly, I'm not sure where exactly have I mentioned anything related to faculty. There exists a mixed bunch of teachers in both colleges and I don't think either university has a deciding edge in this regard.

Children in law schools tend to be left-liberal because they are rebellious by nature at that age. Also, it's considered cool and trendy, as all the trendy celebs and influencers are liberals, from Taylor Swift to Greta Thunberg to Sonam Kapoor. However, after graduating and working, NLU grads tend to lean rightwards, as they appreciate concepts like fiscal responsibility and national security more. Thus, I would advise everyone to think twice before applying to INDIA instead of Vidhi. You may regret it later in life, when you grow older. Remember also that the INDIA alliance may fizzle out after the elections. So just stick with Vidhi, ORF etc. If you feel you want to support the INDIA alliance, you can do it on social media instead and by asking your family and friends to vote for the Congress, DMK etc.

I'm not going to waste my time informing you of our achievements, your opinion isn't that important to me. Search them up yourself if you're so desperate. But for a guy who claims to be from an "absolutely better" place, you're rather very interested and well-versed in what happens at some college you claim you're much better than. What's your real motivation, here? NLUD shouldn't be a big bother for you if you think you're so much ahead. You can keep calling yourself the best by throwing around some old brand thinking it'll get you some cheap respect, but you're hardly much better anymore. And sorry, man, we didn't attempt to insidiously put other NLUs down to stop our domicile quota, didn't have to. And with your massive expansion intake, you have bigger things to worry about than keeping up your facade of a superiority complex. You want to make lame attempts to troll, learn to take it when it's dished back than getting butt-hurt. And like everyone else who's got some gripe against NLUD, keep shouting fake data for one salary figure, that's literally the only argument you'll ever have. Let me put it another way, if you guys had only started functioning from 2008, there wouldn't even be a contest with us.

No man, you haven't really backed up any claim to superiority ever since 2008, only you think you did. Name any field of grad outcome where you have been ahead since that period? We are better than you because we don't think of some of our students as belonging to a lower class, a Law School student is a Law School student. On the other hand, your snide comments about domicile category and other NLUs being 'low-life' clearly demonstrates your class or rather lack thereof. As for whatever goes on in our university, we are capable of handling all that and still do well. We don't have to fake data to appear good, or our teachers suing our VCs, or our campus being a hotbed of sexual harassment and discrimination, or our students getting banned from other university fests, or hold extra entrance exams to make money off law aspirants or any of those things that your university is notorious for, really. Even with fake data, you could never match up to a place and you are still claiming to be better than that. All your claims of being better are just delusions of grandeur, since nobody outside Dwarka recognises those.

I'd personally recommend that you go for a somewhat young advocate, preferably in the range of 5-10 PQE range initially as they will have relatively more time to teach/mentor you compared to a renowned senior where you'll have to be a shadow and learn as the work unfolds.

Ofcourse, eventually you can go towards more senior advocates.

It also depends on the preference you have considering the practice at Bombay HC which is divided into the Advocate/Solicitor and the (Arguing) Counsel.

9/180? What's up with the rest of the batch? Is it the dearth of corporate opportunities or plain disinterest in the corporate sector? Regardless, one really needs to ask whether this low placement number which has plagued RML for a long time comes from batch inclination towards judiciary/ UPSC or whether the Admin is just lethargic in bringing firms for recruitment.

From what I have noticed, the syllabus taught in RML is pretty UPSC-oriented while HNLU has a pretty solid syllabus that shouts corporate. This could ultimately lead to folks in either college to lean towards judiciary/Corporate. Thereby influencing placement figures.

It is a different question whether such influence would go to extent of the college placing 9 folks in corp.

Hi A0s stuck in banking! Your Dalal Street attorney is back.

Thanks for the positive feedback on my last post. Today we are going international. In case you missed my previous post, here’s a link to the same:

https://www.legallyindia.com/convos/topic/277270-Banking-Finance-Oversimplified-Part-1#comments

Today we will talk about ECBs – External Commercial Borrowings.

I remember the first time I was put on an ECB transaction, I was just told – go read up the ‘RBI Master Direction on External Commercial Borrowings, Trade Credits and Structured Obligations’. Like a diligent associate I went to the RBI website and downloaded the latest version of this RBI issued law. I mean how difficult could it be? I had to just read the Master Direction, see what law applies to our transaction and then discuss with my senior, right?

WRONG.

Loan Registration Number

Designated Authorised Dealer Category I Bank

FCY denominated ECB

MAMP

Hedging provision

All-in-cost ceiling – “… the swap cost plus spread should not be more than the floating rate plus the applicable spread …”

Wait, what were these technical terms I was reading? I had never come across these before. I was supposed to quickly read through the Master Direction and apply it in the transaction, but I couldn’t make any sense of the document. I couldn’t even understand what the Master Direction was about, let alone ask specific questions. This was a clear case of crash and burn where I had fallen face forward, and I felt completely helpless.

It took me some time to realise that this wasn’t a ‘me’ problem. Without having any background of economics or finance or prior experience, these documents wouldn’t make sense to anyone. At your law firm - as a quick fix - they might probably explain to you a specific item that needs to be inserted in the transaction document, but without understanding the context, that sense of cluelessness will linger on.

Ok Rohit, calm down. Don’t overthink this so much. Deep breaths in. You’ve got this.

So if we can’t figure out ECBs just by reading the Master Direction or a Mondaq article, what’s the solution? Alright, so I have an exercise for you which is going to give you some instant clarity. But you will have to follow the instructions carefully. Ready?

1. Go to your room and close all the doors and windows.

2. Plug in your Amazon electronics

3. Now shout out the following words: “Alexa – play the song ‘Paisa’ from De Dana Dan”

Done? Alright, let’s go:

Here’s the scenario: You have just got your first salary credited after slogging for 14 hours for a month. You have worked harder than ever before and now you deserve a treat. So you go partying at Bastian with your friends and treat yourself to some sushi at Izumi. You somehow manage to save INR 10, 000 from your salary. Now your parents want you to invest this INR 10,000 in a bank. You see that while SBI bank is offering a 4% return, Kotak is offering a 7% interest on fixed deposits. So you go with Kotak.

Now let’s take this one step forward. Banks don’t just make money out of thin air. If they are paying you interest at 7%, that’s because they take your money and lend it someone else at a higher interest rate to make profits. Let’s say the colleague sitting beside you in office had to avail an education loan to complete his college education. When he went to the bank for a INR 10 lakh loan, he noticed SBI offering education loan at 10%, while Kotak offering it at 15%. Obviously, he would choose the SBI loan as at a 10% interest rate on INR 10 lakhs, he would only have to repay just INR 1 lakh as interest, whereas a 15% rate would make the interest INR 1.5 lakh.

ECB works on a similar concept, but with one major difference - instead of shopping which bank to choose while borrowing, you select which country to take a loan from. See, ECB basically means –

..

Money is flowing in FROM abroad INTO India.

..

Different countries have different borrowing rates. Developed countries like US usually have 1-2% rate, while emerging markets like India have a borrowing rate of 7%. So, let’s say you’re the CEO of Adani Airport Holdings Limited, managing 7 airports across India. You want to now scale up the airport business for which you need almost $200 million. Instead of going to Indian banks, you go to Standard Chartered and Barclays bank in London to avail that loan as interest rates are lower and this will help save $5 million in interest. Since you will be upgrading the 7 airports in phases, you agree to DRAWDOWN/ use only $50 million this year, and avail the rest of the amount later (in TRANCHES). In your negotiations with the bank, you also tell the banks you should have an option to PREPAY the loan, in case something like Covid happens again and all business halts and there are no fliers coming to airports – meaning no revenue to repay the interest/ loan.

Let’s take another example you might come across deals – ON LENDING. You’re the head of an NBFC in India servicing low income families by extending credit to such people. Usually, such families don’t have any credit score, so the big banks don’t extend loans to them, and they end up taking loans at interest rate of 40% or more from loan sharks (Remember the ban on Chinese fintech apps?). Since the NBFC is anyway working with such low income families, you can’t charge a high rate of interest, but you still need to make a profit. In such a case, you can avail a loan of $200 million from a foreign government owned financial institution which is also involved in increasing credit access amongst masses and which charges interest at 4% per annum. Once you have this $200 million loan, you can use this amount to give multiple INR 50,000 loans to low income families trying to start their business at an interest rate of 5%.

You with me till here? Good.

Now here is where things get interesting. Whenever there is flow of money across Indian borders – be it in the form of FDI or even loans, there’s one entity which keeps a hawk-eye on such transactions – that’s the RBI. RBI and its bunch of minions (aka AD Banks) have created a complicated bunch of laws so they control every aspect of money inflow/outflow. Think of them as the local aunty who’s constantly spying on you:

1. Oh you want to avail a loan? – Go first get a Loan Registration Number (LRN) from us

2. Oh you want to avail a loan from Barclays UK? – we want to know each and every detail – Submit a Form ECB and tell us - who’s the lender, what’s the interest rate, what’s the end use, what’s the repayment period, what charges + processing fees are you paying, what ECB have you availed in the past?

3. Oh you changed your mind and now you want to repay it earlier? – submit another Form ECB (revised)

4. What’s the all-in-cost ceiling? (That’s basically the interest rate, processing and all hidden charges)

5. Which country is the lender/ borrower based in? Does it comply with international financial compliances we have agreed upon (ex – FATF/ IOSCO compliant country)

6. Oh you have been dating this foreigner guy and now you want to get married? You better have dated him for atleast 3 years. Oh wait, did you say he is doctor and has an income of $ 50 million? 1 year of dating is also fine.

Well, the last one isn’t exactly what RBI asks, but that’s MAMP in a nutshell (MAMP: minimum average maturity period) – the minimum amount of time the ECB loan has to be within India. MAMP is usually 3 years for ECBs, but there are carveouts to this general rule – it can be different basis who is the lender/ borrower/ what purpose etc. (Time to pick up that RBI Master Direction and give it a read)

Also, what are the “End use restrictions”? – that’s RBI telling you – you better not take loans to gamble away on betting on the housing market, stock market or some random stock your friend has been telling you about (remember how enthusiastic your friend was about Bitcoin changing the world?)

ROLE AS A LAWYER

As a lawyer, you’re involved in the documentation – let’s say between the Barclays Bank and Adani Airport Holdings. As a lawyer for the Indian borrower, we have to usually review the loan/ facility agreement to ensure all these stringent requirements set down by RBI are met, all necessary forms such as Form ECB are filed, draft security documents if some security is being given in India and obviously ensure that all CP and CS certificates are in place so that our Indian client can avail the loan quickly. ECB transactions also offer you the opportunity to interact with foreign counsels working for the lenders, and speak with the bank officials of the AD Bank. Depending on what the security structure is, and how many lenders are involved, the transaction structure will change, but this is the basics.

.

Note: I have used loans to explain ECBs, but it can also involve bonds and other financial instruments.

.

That’s ECBs – oversimplified for you. I obviously haven’t (and couldn’t) cover the entire framework. Also, you might have noticed we only covered ECBs, not the ‘Trade Credits and Structured Obligations’ bit of the RBI Master Direction. But I hope this post has given you some amount of clarity about what you’re working on and where your role as a lawyer fits in.

If you want more posts like this, comment “Paisa Paisa” in the comment box, and I will be back with more interesting posts.

.

.

Your Dalal Street attorney,

XOXO

_________________________________________________

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Kya baat hai kya chiz hai paisa

Kya baat hai kya chiz hai paisa
Ek baat mujhe batala de tu

Uss rab se kyun nahi darti hai

.

I am a law graduate who has been preparing for judicial services but could not get selected, As of now I want to take exams but with work and I am interested to work in field of Arbitration and Insolvency and Bankruptcy, but have no idea where to begin, Please give genuine feedback

Sorry, man, but you really haven't been much ahead since we began in 2008. Whatever reputation you do have was built way before that. And with all seriousness, I've interacted with enough number of your grads, they're not really better than us. And calling yourself classy is pretty cringe considering what's going on in your college these days. As for PR and hollow claims, you're simply deluding yourself if you think we haven't backed it up. Or maybe, you're just ignorant. But, I couldn't care less, just don't pass the disingenuous morality lessons.

I spoke about RS-era because LI has archives about placements, moot wins, MPL and all that from that time. Since 2020, LI has been more or less defunct on that front. But, yeah, no real contest between both. NLUD is ahead in nearly everything from scholarships to relevant co-curriculars. NLUJ isn't bad by any means, but other than placements, it isn't on par anywhere else. And NLUD can still attract good faculty in future thanks to the reputation and location, can't say the same for NLUJ.