Business Law and Corporate Law

An indemnity clause is a standard provision in a contract. By definition, Section 124 of the Indian Contract Act, 1872, defines a ‘contract of indemnity' whereby one party of the contract promises to save the other party from any loss or damage caused to the Indemnified Party, owing to any conduct of the Indemnifying Party.

Even though the powers of directors cease on the appointment of a liquidator, except where their continuance is sanctioned by either the liquidation committee or the liquidator...

Edifecs, a healthcare technology company, had been relying on an outdated NetSuite instance for over a decade, operating with the legacy Revenue Recognition module that lacked support for allocations...