Sep 6, 2021Overview: Code on Social Security, 2020India has a number of central and state legislations that concern labour and employment. There is no single consolidated employment code...
Aug 31, 2021Supreme Court: Plea for initiation of CIRP by creditor exempt from 3-year time limitThe Supreme Court, in Dena Bank (now Bank of Baroda) v. C. Shivakumar Reddy has held that a financial creditor’s plea for initiationion...
Aug 30, 2021Emergency Arbitration (Future-Amazon Dispute)Recently, the Supreme Court of India introduced clarity regarding the enforceability of foreign emergency awards in India. It had the...
Aug 30, 2021Model Tenancy Act – OverviewThe Union Government recently passed the Model Tenancy Act, 2021, in an attempt to better regulate and introduce effective mechanisms in...
Aug 30, 2021Introduction of pre-packaged insolvency under IBCThe Central Government has amended India’s primary insolvency legislation, the Insolvency and Bankruptcy Code, 2016 (‘IBC’) to enable the...
Aug 25, 2021Calcutta High Court defines what constitutes as commercial disputeThe Calcutta High Court has extensively defined the term 'commercial dispute' under Section 2(1)(c) of the Commercial Courts Act, 2015....
Aug 23, 2021Delhi HC: Bar under section 8 of Commercial Courts Act not applicable to petitions under Article 227The Delhi High Court has ruled that he bar provided under Section 8 of the Commercial Courts Act against entertaining revision...
Aug 23, 2021Kerala HC: Party to arbitration agreement or nominated person cannot be appointed as arbitratorThe Kerala High Court has stated that a party to an arbitration agreement or person nominated by it cannot be appointed as an arbitraot,...
Aug 23, 2021SEBI reduces minimum lock-in period for promoters’ investment post IPO The Securities and Exchange Board of India (SEBI) has reduced the minimum lock-in period for promoters' investment post initial public...
Aug 23, 2021SEBI introduces relaxations for startups to issue sweat equityThe Securities and Exchange Board of India (SEBI) has announced relaxations for startups in issuing sweat equity shares if the startup is...
Aug 18, 2021The Taxation Laws (Amendment) Bill, 2021The Taxation Laws (Amendment) Bill, 2021 was passed by the Rajya Sabha on 9th August 2021, and awaits the President’s assent. The Bill...
Aug 18, 2021Bombay High Court orders stay on provisions of new IT RulesThe Bombay High Court has stayed certain provisions of the Information Technology (Intermediary Guidelines and Digital Media Ethics Code)...
Aug 17, 2021SC quashes NCLAT decision on CIRP proceedings when legitimate disputes existThe Supreme Court, in Kay Bouvet Engineering v Overseas Infrastructure Alliance, has held that an adjudicating authority must reject an...
Aug 12, 2021SC sets aside NCLAT order on Section 7 Insolvency ProcessThe Supreme Court has set aside an NCLAT order relating to insolvency pleas by financial creditors. The NCLAT decision has held that an...
Aug 11, 2021SEBI has merged the debt securities rules into a single regulationThe Securities and Exchange Board of India (SEBI) has merged the rules relating to the issuance of debt securities into a single...
Aug 9, 2021Overview: Code on Industrial Relations, 2020As part of the legislative reforms related to labour law and welfare, the government passed the Code on Industrial Relations, 2020...
Aug 4, 2021RBI issues framework for outsourcing payment and settlement activities by PSOsThe Reserve Bank of India (RBI) has issued a framework for payment and settlement related activities by payment system operators (PSOs)....
Aug 2, 2021SEBI amends regulations relating to overnight fundsThe Securities and Exchange Board of India (SEBI) amended its regulations to allow futual fund houses to offer instant access facilities...
Jul 30, 2021Supreme Court: Petition to initiate CIRP liable to be rejected if no legitimate dispute existsThe Supreme Court has decided that as long as a dispute truly exists in fact and is not spurious, hypothetical or illusory, the...
Jul 27, 2021Supreme Court holds appellate court cannot modify arbitral award under section 34In Project Director, National Highways v M. Hakeem, the Supreme Court has held that section 34 of the Arbitration and Conciliation Act...
Jul 23, 2021Supreme Court holds SEBI has the power to regulate winding up of mutual fund schemesIn Franklin Templeton Trustee Services Private Limited v Amruta Garg, the Supreme Court has held that SEBI has the power to regulate the...
Jul 21, 2021SEBI makes it mandatory for brokers to report client-level collateralThe Securities and Exchange Board of India (SEBI) has made it mandatory for brokers to report client-level collateral . The regulator has...
Jul 17, 2021SEBI introduces expected loss-based rating scaleThe Securities and Exchange Board of India (SEBI) has introduced an expected lossbased rating scale for rating agencies. Rating agencies...
Jul 14, 2021CCI eases rule on pleadingsThe Competition Commission of India has relaxed its rules on filing pleadings, no longer insisting that the managing director or a...