India: Contracts and Commercial Law

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Article
National Company Law Appellate Tribunal Holds That Non-conversion Of Optionally Convertible Debentures Does Not Extinguish Financial Debtor Bar Insolvency Proceedings
The National Company Law Appellate Tribunal (“NCLAT”), in Arvind Kumar vs. Beacon Trusteeship Limited and Anr., dismissed an appeal challenging the admission of a petition under Section 72 of the Insolvency and Bankruptcy Code, 2016 (“IBC”) by the National Company Law Tribunal, New Delhi (“NCLT”).
India Insolvency
J
JSA
Article
Section 37 Court Cannot Recalculate Damages Awarded In Arbitration Absent Any Finding Of Arbitrariness Or Perversity: Supreme Court
In Saisudhir Energy Ltd. vs. NTPC Vidyut Vyapar Nigam Ltd. [2026 INSC 103], the Supreme Court considered the limits of appellate interference under Section 37 of the Arbitration and Conciliation Act, 1996 (the "Arbitration Act"/ "the Act") where the dispute concerned quantification of liquidated damages under a power purchase agreement
India Litigation
Trinity Chambers
Article
Indo-Japanese Transactions: Principal Drafting And Negotiation Considerations - A Whitepaper By Chuo Sogo & F&M
As India has consolidated its position as a favourable jurisdiction for Japanese sponsors pursuing cross-border M&A opportunities, this paper by Chuo Sogo LPC, Japan and Fox & Mandal offers practical insights – from both an Indian and a Japanese POV – for effectively managing deal risks and matters that most often affect timelines, valuation, and risk allocation in Indo-Japanese M&A, particularly given the significant differences in deal and contract practice between the two jurisdictions.
India Commercial
Fox & Mandal
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