Saumya Agarwal and Sakshi Ajmera The National Company Law Appellate Tribunal (NCLAT) on 22 May 2020, in the case of State Bank of India v. M/s. Metenere Limited adjudicated upon the issue of independence of an interim resolution professional (IRP)/ resolution professional (IRP) during a corporate insolvency resolution process (CIRP). Though in the instant case, […]
Author: nualslj
By Anurag Shah Introduction The Securities and Exchange Board of India on June 1st, 2020 released the working paper for the introduction of a ‘Social Stock Exchange’ (Hereinafter referred to as SSE).[1] As the working paper accurately states, this idea was introduced by our Finance Minister and has been under consideration since the last financial […]
By Shagun Singhal and Khushbu Turki Introduction The Competition Act, 2002 (‘the Act’) sets out the prohibition against anti-competitive agreements under Section 3(1) of the Act.[1] Even though the Act does not explicitly use terms like horizontal or vertical agreements, it prohibits these under Section 3(3) and 3(4), respectively.[2] The Act provides for five types […]
By Vaishnavi Vyas and Priyanshu Agrawal Introduction The outcome of the Global Financial Crisis, in the mid-2000s, caused the first wave of the Indian Banking catastrophe in the form of the Twin Balance Sheet crisis. The infrastructure projects began to go sour, affecting companies’ capacity to repay loans and thereby deteriorating the balance sheet of […]
By Palash Moolchandani Introduction The infamous fallout between the promoters of Indigo Airlines in 2019 brought to light a number of lapses in corporate governance within the organization.[1] The uncovering of these problematic circumstances started the dialogue on related party transactions and regulatory framework in India, which went on to become the heart of the […]
By Atreya Chakraborty Since time immemorial, the subject-matter of death penalty has been at the centre of sustained legal discourse and deliberation all over the world. Even though the nature of arguments, both advancing and assailing the retention of such form of punishment, has not undergone a substantial amount of change, a fresh consideration of […]
By Md Tasnimul Hassan Synopsis of the Leakage A toxic chemical styrene leaked from the LG Polymers plant in Visakhapatnam during the early hours of May 7, resulting in the deaths of 11 individuals and hospitalizing more than 250.[1] Styrene is a colourless liquid used to make polymers such as plastic and rubber. Chronic exposure […]
By Shivanakar Sukul and Mudit Burad The recent Covid-19 pandemic has tremendously altered the dynamics in which commercial contracts operate. In such desperate times when the business machinery of the nation has been brought to a grinding halt, several parties are not able to honour their end of the contract. Consequently, the creditors or the beneficiaries seek […]
By Vishal Pathania In a digital economy or data-driven economy, data occupies the central position in new data-driven businesses. Collecting, storing, analysing, and working with data play an important role in the data-centred markets. In fact, data has become a significant source of market power.[1] This is the reason why many data-driven companies such as […]
By Laghavi Pahwa The Reserve Bank of India [“RBI”] in April 2018 issued a Circular[1] banning entities including banks from dealing with individuals or companies that trade in cryptocurrencies which eventually resulted in the virtual currency market in India coming to a standstill. However, it did not per se ban holding or trading in cryptocurrency […]
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