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[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...
[By Shourya Mitra and Ishaan Saraswat] The authors are students of Jindal Global Law School. Introduction Upon perusing the National Company Law Appellate Tribunal’s (NCLAT) approach to competition appeals, it appears that there is a trend of requiring a 10% deposit to the NCLAT as a prerequisite for hearing penalties resulting from an order of the CCI. However, questions arise regarding the imposition and impact of this...
[By Arghya Sen] The author is a student of Amity University. I. Introduction The digital economy has grown rapidly over the past few decades, and as a result, the taxation of digital goods and services has become an increasingly important issue in the global economy. In this article, we will explore the challenges and opportunities associated with taxing digital goods and services and the various ways in...
[By Ankit Rao] The author is an Associate at Archer Jurists LLP. INTRODUCTION Democracy is more than mere procedures that follow the will of the majority. Substantive democracy entails governing in the interest of all stakeholders. The concept of a holistic democracy such as this has become relevant in all spheres of life, public and private both. Thus, the corporate sector should not be exempt from democratic...
[By Rituraj Singh Parmar & Devyani Mishra] The authors are students of National Law Institute University, Bhopal. Introduction: Avoidance application is the action against preferential or fraudulent transactions made by company which has gone into insolvency. The IBC 2016 in order to reverse such transactions has developed a mechanism which is stipulated under chapter 3 of the code (Section 43-51). The avoidance application can be adjudicated at...
