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Nature of Section 7 (5) of the IBC – Discretionary or Mandatory

July 28, 2023

[By Ritik Jhanwar & Kiran Nilawar] The authors are students at Gujarat National Law Univeristy.   Introduction In this article the author would highlight the interpretation of word ‘may’ in Section 7 of Insolvency and Bankruptcy Code, 2016 (“IBC”) and the difference between ‘may’ and ‘shall’ of Section 7 and 9 of the IBC respectively which are two mirror provisions in their application. The author would also explore…

The Unresolved Conundrum of Commercial Wisdom of Committee of Creditors

July 28, 2023

[By Priyanshu Mishra] The author is a student at National Law School of India University.   Introduction The implementation of the Insolvency and Bankruptcy Code (Hereinafter as “IBC”) was intended to tackle the increasing problem of loan defaults and non-performing assets (Hereinafter as “NPA”). Unlike the previous insolvency law, the IBC focused on reviving companies rather than liquidating them and gave priority to the interests of creditors. Under…

Anti-Avoidance provision in SEBI: A game-changer for market regulation and foreign investors

July 20, 2023

[By Tanishq vijay] The author is a student of Gujarat National Law University.   Introduction Anti-avoidance provisions prevent taxpayers from using contrived and non-commercial arrangements to abstain from or reduce their tax liability.[1] These provisions in the realm of market regulation can be relevant in curbing tax leaks from corporate entities who devise various schemes to circumvent share market rules. SEBI has recently pitched before the committee appointed…

Enhancing Investor Empowerment: SEBI’s Dispute Resolution Clause for Regulated Intermediaries

July 20, 2023

[By Vaibhavi Pedhavi & Divik Silawat] The author is a student of Gujarat National Law University.   Abstract SEBI holds significant importance in the regulatory landscape of India’s securities market. After recognizing the importance of effective dispute resolution, SEBI has introduced “SEBI (Alternative Dispute Resolution Mechanism) (Amendment) Regulations, 2023”. The new amendment introduced by SEBI aims to enhance investor protection through dispute resolution. It covers a wide range…

Taxability of Pre-GST Government Works Contracts: Resolving the Differential Tax Liability Conundrum

July 20, 2023

[By Abhishek Bhatra] The author is a student of National Law University and Judicial Academy, Assam.   Introduction The treatment of Works Contract in the Pre-Goods and Service Tax (GST) era subjected the Service Provider to a variety of indirect taxes such as Service Tax, Value Added Tax (VAT), and Central Excise. However, if the Works Contract was awarded by the Government, a Government Authority, or a Local…

Unraveling the Conundrum: DLG Guidelines and the Future of Digital Lending

July 20, 2023

[By Dhaval Bothra & Rajdeep Bhattacharjee] The authors are student of Symbiosis Law School, Pune.   Introduction The verbiage related to loss-sharing models has been a predicament for a substantial period now for the Reserve Bank of India (RBI). Post its Guidelines on Digital Lending (DL Guidelines) on 2 September 2022, a certain conundrum prevailed across the regulatory landscape concerning the validity of the same as it did…

Killer acquisitions and a more rational approach

July 20, 2023

[By Sanidhya Bajpai] The author is a student of Dr. Ram Manohar Lohiya National Law University, Lucknow.   Introduction Companies with an extensive capital and dominant position in the market have mastered ways of staying at the helm of the competition, and one strategy which they frequently follow is killer acquisitions. When a company eliminates an innovative firm by acquiring it at a nascent stage to eliminate any…

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