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The restructuring of stressed assets under the SDR Scheme, the S4A or any other deep restructuring under the extant guidelines of the Reserve Bank of India seeks to achieve timely resolution of stressed assets.
Singh & Associates
Under section 433(e) of the Companies Act, 1956 and under Section 271(1)(a) of the unamended Companies Act, 2013 a company could be wound up if it was "unable to pay its debts".
Singh & Associates
Before we dwell further on the topic of this article, it is imperative to take note of the relevant provisions of the Insolvency and Bankruptcy Code, 2016 (the "Code") that remain bone of contention.
Dhir & Dhir Associates
The recently introduced legal, regulatory and policy changes that have been introduced in the Indian BFSI sector have not only geared up the pace at which the sector is operating but has also created...
S.S. Rana & Co. Advocates
The Competition Commission of India, vide its Notification dated August 22, 2017 has amended the Competition Commission of India
S.S. Rana & Co. Advocates
In the recent order dated August 14, 2017, in Pradyuman bisht vs Union of India & Ors. (IA 10142/2015 arising out of Writ petition(s) (criminal) no(s). 99/2015).
Nishith Desai Associates
Recently, the Supreme Court of India ("Supreme Court") in M/s. Innoventive Industries Ltd ("Innoventive") v. ICICI Bank & Anr ("Respondents") has passed their first ruling on the newly enacted Insolvency and Bankruptcy Code, 2016 ("Code").
Khaitan & Co
The Allahabad High Court was presented with the question as to whether the grant of a moratorium on any claim / suit or enforcement of security interest against a corporate debtor implies an embargo on the rights of the lenders to institute parallel proceedings...
Shardul Amarchand Mangaldas & Co
The high-profile shareholders dispute between NTT Docomo Inc. and Tata Sons Ltd. was given a quietus when the Delhi High Court, on 28 April 2017, declared an Award passed by a foreign Arbitral...
Khaitan & Co
The Government of Maharashtra, vide notification dated 7 September 2017 had notified the Maharashtra Shops and Establishments (Regulation of Employment and Conditions of Service) Act, 2017.
Singh & Associates
Though, initially it was thought that Insolvency and Bankruptcy Code 2016 (I&B Code 2016) came as boon for all those Creditors who otherwise have to wait for years to settle their dues.
Singh & Associates
How easy it was to hire an advocate, who used to draft a simple reminder known as Legal Notice/Demand Notice in a legal language and the same was served on the Debtor.
Vaish Associates Advocates
The Trade Unions Act, 1926 (the "Trade Unions Act") seeks to provide for the registration of Trade Unions in India and for the protection of the same.
Singh & Associates
The National Company Law Tribunal, Hyderabad (hereinafter referred as "Adjudicating Authority"), after hearing to all the concerned parties on 23.01.2017
Singh & Associates
Intellectual Property has always been seen an exclusive set of rights which command protection for the moral and economic rights of the original creator
Clyde & Co
The Reserve Bank of India ("RBI"), has issued notification dated August 03, 2017, pursuant to which it has decided that it will continue not to issue letter of credits ("LC") on behalf of government...
LexCounsel Law Offices
The phrase "existence of dispute" assumes significance as it is largely the only legal defence that a corporate debtor can take to avoid insolvency/liquidation proceedings initiated by an operational creditor.
Cyril Amarchand Mangaldas
India has long recognised the right of foreign creditors to participate in the winding up of Indian companies.
Singh & Associates
Crypto currency was first introduced in 2007, a sort of an experimental digital platform to transfer money using the digital medium in a format of its own.
Singh & Associates
The Union Cabinet on 13 May 20161 approved the National IPR policy roadmap to foster creativity and innovation, promote entrepreneurship and enhance socio development, enhance access to healthcare...
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Khaitan & Co
The MB Amendment Act regulates paid maternity leave entitlement and other related benefits for women employed in factories, mines and shops or commercial establishments employing 10 or more employees.
Trilegal
Starting 1 January 2017, employers will need to make contributions under the ESI Act for a larger pool of employees since the wage ceiling for applicability of this statute has been increased...
Singh & Associates
The Ministry of Corporate Affairs ("MCA") vide Notification1 dated 26.12.2016 notified Section 248 to 252 of the Companies Act, 2013 ("Act") and revised the process of striking off the name of the company...
Singhania & Partners LLP, Solicitors and Advocates
The central legislature of India had promulgated a legislation Child and Adolescent Labour (Prohibition and Regulation) Act, 1986 ("CL Act") to regulate the child labour practices in India.
Dhaval Vussonji & Associates
The Insolvency and Bankruptcy Code, 2016 (IBC) has consolidated and amended the laws relating to reorganization and insolvency of corporate persons, partnership firms and individual firms.
Singh & Associates
The Ministry of Labor & Employment on 22 December 2016 vide its Notification being G.S.R. 1166(E) and in exercise of the powers conferred by section 95 of the Employees' State Insurance Act, 1948.
Solomon & Co.
The Information Technology Act, 2000 (ITA-2000) is the primary legislation in India which deals with cybercrime and electronic commerce.
S.S. Rana & Co. Advocates
The Institute of Company Secretaries of India has announced that the Secretarial Standards on Meetings of the Board of Directors (SS-1) and General Meetings (SS-2) have been revised...
Khaitan & Co
The Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce and Industry, Government of India (GOI) recently released the consolidated foreign direct investment (FDI) policy circular of 2017 (New FDI Policy).
S.S. Rana & Co. Advocates
The Hon'ble bench further held that until any further orders, no coercive action would be taken against providers of legal services for non-compliance under the new indirect tax regime.
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