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[By Anchit Jain and Lovish Jain] Anchit is a student at ICFAI University, Dehradun and Lovish is a CS (Executive) Candidate. Prelude In the present era of increasing disputes mainly in the corporate sector and inextricable compliance requirements, alternate dispute resolution through arbitration is the new preference of the parties to settle the same, but on the contrary various judgments and rulings in past on the matter of...
[By Anurag Shah and Vijay Nekkanti] The authors are students at Christ (Deemed to be University), School of Law Introduction The Ministry of Corporate Affairs (MCA), Government of India, has brought into effect the eagerly anticipated and much-required sub-sections (11) and (12) of Section 230 of the Companies Act, 2013.[i] These provisions pertain to the takeover of a company via squeezing out the minority shareholders under a scheme...
[By Poorna Poovamma K.M. and Abhishek Wadhawan] The authors are students at Gujarat National Law University, Gandhinagar Introduction: A Conceptual Understanding The President promulgated The Insolvency and Bankruptcy Code (Amendment) Ordinance, 2020 (“Ordinance”) on June 05, 2020. The Ordinance has suspended Sections 7, 9 and 10 of The Insolvency & Bankruptcy Code, 2016 ( “Code”) to prevent the corporate bodies facing financial distress from being dragged by the...
[By Naga Sai Srikar] The author is a student at Christ (Deemed to be University), School of Law Introduction The Unified Payments Interface (UPI) has been India’s greatest achievement in the digital payments sector so far. It is no secret that the demonetization of banknotes announced by the Union Government on 8th November, 2016 acted as a great catalyst in promoting digital payments across the country. While large...
[By Sanchit Khandelwal and Shreya Iyer] The authors are students at NALSAR University of Law. Over the past decade, Indian market landscape driving on the shoulders of technology and innovation has changed drastically. Convenience and comfort have now become an important consideration in the lives of people, especially millennials. Such alterations in the lifestyle of the society or part of the society have stimulated and pioneered the emergence...
[By Utkarsh Mishra] The author is a student at Nirma University, Institute of Law. Introduction The Government of India on 24 March 2020 announced an increase in the threshold of default under Section 4 of Insolvency and Bankruptcy Code (“IBC”) to Rs 1 crore from the previous threshold of Rs 1 lakh. This move was taken by the government to protect the small and medium enterprises (“MSMEs”) from...
[By Dushyant Sharma and Sanskriti Shrimali] The authors are students at Nirma University, Institute of Law Introduction One of the premier rating agency, Moody’s has recently joined the league of other two rating agencies in downgrading India’s status to the lowest investment grade option. In its report dated 1st June 2020, the agency stated that it has downgraded India’s sovereign rating to Baa3 from Baa2 with a negative...
[By Apoorv Jaiswal and Gokul Holani] The authors are students at National University of Juridical Sciences, Kolkata and National Law Institute University, Bhopal respectively. Background The relevancy of arbitration as a method of dispute resolution has grown manifold to resolve disputes of varied subject matters. The relationship between a client and a lawyer is purely contractual, thus, the remedy of the lawyer for recovering the fee, etc., can...