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[By Tanvi Shetty] The author is a student of O.P. Jindal Global University. Globally speaking, the position maintained by online applications such as Uber with respect to their drivers is that they are independent third parties and the scope of their agreements with such drivers falls outside the purview of a standard employer-employee relationship. In holding so, the companies are able to navigate through their consumer and…
[By Ayush Kumar and Vanshika Manglani] The authors are students of Hidayatullah National Law University. The Delhi High Court (Hon’ble Court) in the case of Rajiv Chakraborty Vs. Directorate of Enforcement (“the case”) provided that the restraint of Section 32A of the Insolvency and Bankruptcy Code, 2016 (“IBC”) is not attracted in case of attachment of assets which are considered a ‘proceeds of crime’. The Enforcement Directorate…
[By Jay Shah and Aditya Sharma] The authors are students of Gujarat National Law University Introduction Algorithmic trading refers to a method of trading wherein an algorithm is used to execute trade setups on basis of information as input by the trader in terms of, time, price, quantity and other other mathematical models. Essentially, algorithms scan the markets for appropriate trade setups, and when they find the…
[By Amartya Sahastranshu Singh and Atika Chaturvedi] The authors are students of National University of Study and Research in Law, Ranchi. Related party transaction [“RPT”] means “A transfer of resources, services or obligations between a reporting entity and a related party, regardless of whether a price is charged.” Simply put, RPTs are covenants between parties who share a ‘relationship’. What relationships make a party ‘related’ are already…
[By Anuradha Garg] The author is a student of Gujarat National Law University, Gandhinagar. Introduction The new Budget 2023-24 has proposed certain amendments for the gaming sector in India which has witnessed striking growth in the past few years. Currently, the gaming market in India has been estimated to be approximately twice that of China and thrice that of the USA.[i] However, the gaming industry has faced…
[By Nikita Parihar] The author is a student of Lovely Professional University, Punjab. Introduction Competition Amendment Bill 2023 [‘‘CAB23’’] recently introduced in the parliament introduced the concept of penalty on the Global Turnover [‘‘GT’’] of the infringing party in India as well. It is said to be a wild card entry because it is neither introduced in Competition Amendment Bill 2022 [‘‘CAB22’’] nor was recommended by the…
[By Aneesh Raj] The author is a student of National Law University and Judicial Academy, Assam. “Necessity knows no law.” – Aesop INTRODUCTION The doctrine of necessity and the Competition Commission of India’s (CCI) combination regime are two important concepts in the realm of competition law in India. The doctrine of necessity refers to situations where a law may be relaxed or suspended in cases of emergency…
[By Ishaan Saraswat] The author is a student of Jindal Global Law School. On January 18, 2023, the Ministry of Corporate Affairs, Government of India proposed certain changes in relation to the Insolvency and Bankruptcy Code, 2016 (“IBC” or “Code”). These suggestions deal with the acceptance of corporate insolvency resolution process applications, the streamlining of insolvency resolution, the reformatting of the liquidation process, and the function of…