Internship Experiance at L&T Finance Limited

     Internship Experiance at L&T Finance Ltd.           

Location: Mumbai, Santacruz (E).

Tenure: 3 Months (January 2014 to March 2014).

Position: Legal Intern.

Department: Legal

Area of work: s/9 and s/17 of Arbitration & Conciliation Act, 1996.

Stipend: No (Internship at LTF is strictly without any consideration; only Internship certificate will be given to you after successfully completing your internship tenure)

Student: Government Law College, Mumbai.

Working days:  5 days for Interns (Saturday Off ;) )

Interview: on the day of my interview I was asked so many questions. Firstly, Manager asked my area of interest and I was a fourth year student so I was not aware of Arbitration Act, C.P.C., Cr.P.C. etc. etc. so they did not ask questions related to those subjects which I have not read during my semesters. It was almost 1 hour interview and in which Manager asked me questions related to Companies Act, Indian Constitution, Indian Penal Code (I.P.C.) and basic term of Law.    

Company overview :  

As we all know L&T is one of the prestigious name which was founded  by Mr.  Souren Kristian Toubro and Mr. Henning Holck-Larsen. L&T Finance is holding company of L&T Infotech and it is situated in Santacruz (E) . Their Legal department is full of intelligent and smart lawyers from whom you actually can learn something. I was assigned to Arbitration Team which was consist of almost 10 advocates but simultaneously I had given work of Cheque bouncing (u/s. 138 of Negotiable Instrument Act.) cases as well.

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How big company is??:. 

The strength of L&T Finance is almost of 20 to 30 lawyers which is including for Arbitration and Cheque Bouncing matters. During my Internship period I actually realised that if you want to work for any corporate then LTF is the best place where you can explore as much as you want. 

First day formality:

From 2nd of January, 2014 I joined this reputed company in its Legal Department as Legal Trainee. I had a meet to my manager under whom I supposed to work. My manager was a lady but she was down to earth woman and extremely cooperative, humble and intelligent woman whom I ever meet. It was a first time I was working for such a well known corporate so with excitement I was bit nervous as well. On first day of my internship I met the entire Legal team of LTF as it was new year so Head of the legal department also came at everyone's' desk to wish them Happy New Year and I was lucky enough to meet her on first day of my Internship. She is one of the ideal woman from whom any fresher can get inspire. After meeting her I really got inspired from her and it was a first time I felt how proud it feels when a woman handles such a big post. On first day of my internship I had to submit two reference letters and personal details with two passport size photographs.   

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Working Style: 

During 3 months of my internship tenure I had given lots of task including drafting, legal research and many other things which was available at that time. Previously I had interned with 3-4 law firms and I had noticed that corporate legal working style is totally different than law firms. As I had worked with law firms and in law firms advocates hardly use Microsoft Excel so I was totally new to Excel but staff was pretty helpful and really helped me to learn so many things.

Days at work place:

It was my first day and I was without work. Initially I hardly had given any work so it was being very bored for me to survive over there but after a week at last I got some work and that was a week I became even more busier than ever and till the last day I was busy only. I had to make demand notices, Section 9 petition, Affidavits, reference letters to Arbitrator and calculation related to dues/debts. It was almost a very essential phase of my life where I had seen so many things altogether. Indeed it was my best Internship and yes, the staff was extremely cooperative and supportive. I learnt M.S. Excel from their staff and they didn't hesitate at all to teach me from starting.  

For Fun, Chill out & Leisure:

I was the only youngest person in the entire LTF so I used to hesitate with other staff and I was not so friendly with them but as time passed I became cozy with all of them. Near the office campus hardly there is any place where you can chill out or relax after office hours and basically I was from Mumbai only so it was not so required for me and most of the time I preferred LTF canteen only. All sorts of food was available in the office campus in reasonable cost but yes if you are an outsider then you need to hunt some places to make your weekend cheerful.  

Good Thing:

LTF's Legal Department is indeed a great a place for a law student where they can have a great exposure of their learning phase. Students those wants to pursue their career in corporate then I would say LTF is the best place to work. 

Bad Thing:

There is nothing which I can say bad about LTF everything is just awesome but yeah if really I could say then I would say their "Stipend". Its such a big corporate but their Internship is without consideration so, it is bit costly to spend your own money for travelling and rickshaw which is extremely costly in the city like Mumbai. So over all its great place to work.    

Conclusion:

Over all my three months of internship was extremely great in terms of learning and having a name of L&T Finance in my Internship list. I was fortunate enough to had a nice exposure of such a leading corporate. In terms of  staff, senior staff, work everything was just amazing and worth to learn from LTF.
        

Changes need to bring in Indian System

                   Changes need to bring in Indian System

Indian Judiciary which is always famous for its extra ordinary decisions. Sometimes Judiciary uses its Interpretation power and make laws to understand a lay man as well; but in India how many of us know about the internal scenario of this judicial system?? I think without thinking for a second we all easily can conclude promptly because we all have faced this cumbersome problems and justice always denied to common man and when justice properly made available to someone then it was too late to justify justice itself from the period taken by the prudent Indian judiciary. Indeed our Judiciary plays a vital role to progress our country but I will not hesitate to mention here that it also buries the hopes of a common man. 

                   When you start your career as a legal practitioner then you realize the actual faces of this judicial system. If you count only judges as an entire judiciary then probably your thinking is wrong because I have seen the departments which works inside the court they plays even a more vital role than the judges. India is a country where you if you want justice in your case then also you have to give monetary consideration to governmental officials and if you have disturbed them due to their own faults then your career stops there only and they will annoy you for your rest of the life. Unfortunately to say instead of saying sorry no other choice resides with common people. We have Right to Information still I feel it’s useless one; in that also common man has to suffer. Nowadays people have thought of being Government officials and its being very trendy as well so atleast they will have some power on that basis they can survive. 

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In the present situation of Indian system I believe only two people can survive: (1) if person is extremely rich (2) if person have influential contacts.  If you are a common man and want to live peacefully in your own country then, do think your life is actually and really hell and you cannot live with dignity and surprisingly to say how proudly it is guaranteed in part III of our Indian constitution. There was a time when humanity used to play an important role than anything else now not only Indian politics but also judicial system plays a game of hide & sick. We are actually not only a puppet of god but also to this system. When you raise your voice against some ill-treatment they know how to bury it without leaving any sign/remark.   

Nowadays, trend of going to abroad is spreading in a rapid way and somewhere our system is faulty for the same. If you are open category + male then you don’t even deserve to have education of your choice. This is how our system works and still we bear it. There was a time when categories were made in order to uplift the schedule cast and tribes but now this is the time when people uses it for personal benefits and enjoy those facilities which they don’t deserve; its spreading everywhere in India but no one bothers to take any steps against this not even me!!  

Country needs revolution but when you start alone then first you have to leave your personal life then only you can move ahead. If this is going to be on permanent basis then this country would be in the list of worst place to live and we common people would have only an option of migration nothing else.  

So many laws have been formulated by the legislature authorities but now it’s being used to protect some set of people. India needs a revolution and I hope that revolution will affect this country and bring a new era for our country.