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Data Retention Policies: Legal Best Practices For Businesses
Businesses collect personal information, financial records, employee documents, customer communications and operational data every day. However, retaining information indefinitely can create privacy, security and regulatory risks. Data retention policies help organisations determine what information they should keep, why it is required, how long it should remain accessible and when it must be securely deleted.
India Privacy
MH
Mansukhlal Hiralal & Co.
Article
Supreme Court Upholds Forfeiture Of EMD Where Liquidation Auction Terms Expressly Provide For It
In M/s ASJ Finsolutions Pvt. Ltd. v. Vikram Bajaj, the Supreme Court considered whether the Earnest Money Deposit (EMD) and other amounts paid by a successful bidder in a liquidation auction can be forfeited where the e-auction notice expressly so provides, even though the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016 (the “Regulations”) do not expressly provide for forfeiture.
India Insolvency
IL
IndiaLaw LLP
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