DM Harish School of Law (DMHSL), a constituent of HSNC University, recently hosted Parimal Shroff, Solicitor and Advocate, Bombay High Court, to deliver a guest lecture on 'Property Law and Transactions.'
The lecture was part of a Master Guest Lecture Series 2023-24 being organised by the Law School and this was the first in the lecture series.
Anil Harish, Partner, DM Harish & Co, Trustee and President of the HSNC Board, Trustee of the DM Harish Foundation and eminent visiting faculty at DMHSL' Senior Advocate Haresh Jagtiani, who is also a Trustee of the DM Harish Foundation; and Shobha Jagtiani, Partner, D.M. Harish & Co; Trustee, DM Harish Foundation; Vismay Shroff, Adv. Bombay High Court, Professor & Author and Adhiraj Harish, Partner, DM Harish & Co also attended the lecture.
A distinguished legal luminary, Shroff’s illustrious career spans several decades marked by his commitment to the field of law and his outstanding contribution to the legal domain. Shroff’s expertise encompasses a broad spectrum of legal areas constitutional, corporate, civil, and property law.
Shroff used his long and rich experience to explain the intricacies of property law and shared real-life scenarios of many cases in a very lucid manner to enable a practical understanding of property law and allied laws in actual transactions.
Shroff started his lecture by sharing a brief history of property law in India and how it has developed over the years. He then highlighted several complex cases over the past decades. He cited the case of Ranbaxy which was sold by its promoters Malvinder Singh and Shivinder Singh to Japanese pharma giant Daiichi Sankyo in 2008 and the importance of full disclosure by a seller, whether it be a sale of immoveable property or moveable property. In this case, non-disclosure also resulted in heavy damages and even jail for the sellers.
Shroff spoke about the interplay of various laws and how dealing with property requires knowledge and understanding of many laws, both Central and State. During his speech, he delved into essential aspects of real estate and property law, including significant Central Acts such as the Indian Easements Act, 1882; Transfer of Property Act, 1882; Indian Contract Act, 1872; Hindu Succession Act, 1956; the most recent Real Estate Regulation and Development (RERA) Act, 2017; Insolvency & Bankruptcy Code (IBC), 2016 and many others. The talk also extended its reach to major State Acts, including the Delhi Development Act, 1957; UP Industrial Area Development Act, 1976; Haryana Apartment Ownership Act, 1983; and various Rent Control Acts among others.
The session ended up being meaningful learning for students of DMHSL, who are keen to learn from the Guest Lectures, that are being arranged on a regular basis by the law school.
It was Shroff’s first visit to DMHSL and he enjoyed spending time with students. He said that the students were lucky to study at such a beautiful location and institution. He praised the pristine campus of DMHSL and its modern infrastructure facilities which facilitate students in their learning. He expressed his willingness to visit the campus again and continue to share his experience with the students. He explained that the practical knowledge shared through such lectures would be invaluable for students.
The lecture saw a full house and students were extremely excited to hear Shroff and interact with him. This was evident in the successful Q&A session that followed, where he fielded numerous diverse questions from the audience ranging from the need for title insurance in India and the challenges in rolling it out, the misuse of power of attorney in property sale transactions to the increasing usage of artificial intelligence (AI) in paralegal work.
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