Summarising the Insolvency and Bankruptcy Code, 2016
Insolvency and Bankruptcy: The Concepts elucidated Insolvency is when an individual or organization is unable to meet its outstanding financial debt towards its lender as it become due. Insolvency can be resolved by way of changing the repayment
Eitzen Bulk A/S v. Ashapurna Minechem Ltd. & Anr. : Choosing juridical seat of arbitration attracts law applicable to chosen location
In a recent judgement passed by the Supreme Court in Eitzen Bulk A/S v. Ashapurna Minechem Ltd. & Anr.,[1], Justices S. A. Bobde and Fakhir Mohammed Ibrahim Kalifulla, deliberated on the question of applicability of
Real Estate (Regulation and Development) Act, 2016
Introduction The Real Estate (Regulation and Development) Act, 2016 (“Act”) has received presidential assent on 25th March 2016.The Act seeks to standardize procedures in the real estate sector, bring transparency in the system thereby boosting
ITC Ltd. Gurgaon v. Commissioner of I.T. (TDS) Delhi : TDS on tips received by hotels
Introduction In the instant case of ITC Ltd. Gurgaon v. Commissioner of I.T. (TDS) Delhi,[1] the decision revolved around the applicability of Tax Deducted at Source (“TDS”) on tips received by a hotel. Facts of
Union of India v. M/s Ambica Construction
Brief Facts of the Case In the case of Union of India v. M/s Ambica Construction[1], the Appellant had executed an agreement with the Respondent for fabrication of tie bars from M.S. Flats in CST-9
SEBI introduces provisions for exit offer to dissenting shareholders
Introduction The Companies Act, 2013 had introduced an exit option for those shareholders who do not agree with the change in the objects or terms of contract referred to in the prospectus[1] (“Dissenting Shareholders”). However,
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