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Khaitan & Co LLP
The Insolvency and Bankruptcy Board of India on 16 September 2022 promulgated the Insolvency and Bankruptcy Board of India Regulations, 2022 amending the Insolvency and Bankruptcy Board of India Regulations, 2016.
Inspection, search and seizure, summons, prosecution, and arrest provisions are placed in tax legislations in order to tackle tax evaders and protect government revenues...
Spice Route Legal
India is firmly on the path of a revolutionary transition towards renewable energy, courtesy a range of initiatives introduced by the Government of India ("GoI") in recent years....
Spice Route Legal
The Indian Computer Emergency Response Team ("CERT-In"), India's cybersecurity regulator, released a set of directions on security incidents on April 28, 2022.
Mayer Brown
By the end of August, there were reports indicating that some Indian consulates and the local registration authorities in India started requiring foreign nationals seeking or holding Employment (E) visas...
M Mulla Associates
The Apex Court in its recent decision in Dilip Hiraramani v. Bank of Baroda held that under Section 138 read with Section 141 of the Negotiable Instruments Act, 1881...
Link Legal
The Insolvency and Bankruptcy Code, 2016 (‘Code') reconceptualised the framework for insolvency resolution in India. It provides a mechanism for the insolvency resolution of debtors in a time bound...
India's high logistics cost has been the proverbial leak that has reduced the competitiveness of the Indian exports and the economy in general.
HSA Advocates
In exercise of the powers conferred by Clause (t) of Sub-Section (1) of Section 196 read with Section 240 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016) (IBC), ...
Dhaval Vussonji & Associates
Recently, the principal bench of National Company Law Appellate Tribunal, Delhi ("NCLAT") vide its order dated 2nd August 20221 ("Order") dismissed an appeal filed by Mr. Praful Nanji Satra...
S.S. Rana & Co. Advocates
The Hon'ble Supreme Court vide its order dated May 18, 2022 in Indian Overseas Bank Versus M/S Rcm Infrastructure Ltd. And Another observed that the proceedings under the...
S.S. Rana & Co. Advocates
The Union Cabinet has approved the Competition (Amendment) Bill, 2022, which will be introduced in the Indian Parliament for the monsoon session.
Economic Laws Practice
Petroleum products are outside the coverage of GST. Consequently, these products suffer non-creditable GST and other costs/taxes on their procurement which leads to a cascading effect.
S.S. Rana & Co. Advocates
In December 2021, in Ram Gaua Raksha Dal v. Union of India, a Bench comprising of Hon'ble Justices Vipin Sanghi and Jasmeet Singh of the Delhi High Court, ...
Kochhar & Co.
In this article, our disputes partner Samiron and senior associate Kritika, discuss the Swiss Challenge Method for selecting a resolution plan for a corporate debtor which is undergoing CIRP.
Obhan & Associates
Inactive corporations without significant operations or assets may commonly be used to disguise business ownership from government authorities and the public at large.
S&R Associates
A recent Delhi High Court judgement, issued on August 29, 2022 (the "August verdict"), set aside an arbitral award rendered in 2015 by the International Chamber of Commerce ("ICC")...
Karanjawala & Company
A personal guarantor is an individual who provides surety under a contract of guarantee to a corporate debtor. Till, 2016, in case of default by a corporate debtor, creditors had the option of recovering...
Anand & Anand
The Union Health Ministry has released a draft of The Drugs, Medical Devices and Cosmetics Bill, 2022. Once implemented, the current Drugs and Cosmetics Act, 1940...
In keeping with the spirit of liberalisation and to promote ease of doing business, the Central Government and the Reserve Bank of India have been progressively simplifying the procedures and rationalising the rules and regulations under the Foreign Exchange Management Act, 1999.
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