By Tanvi Prabhu and Saumya Agarwal In Committee of Creditors of Essar Steel India Limited v. Satish Kumar Gupta &Ors, the Supreme Court on 15th November, 2019 dismissed the NCLAT order and upheld the approved Resolution Plan of ArcelorMittal in a joint venture with Japan’s Nippon Steel. It includes a payment of Rs. 42,000 cr. […]
Author: nualslj
By Falguni Gupta Introduction The E-commerce sector has become a favorite of both sellers and consumers in a short span of time. Recently, the Department of Industrial Policy and Promotion introduced certain changes in the FDI Policy permitting 100% FDI under the automatic route, making it applicable to the e-commerce entities[1]. An aggregator model of […]
By Sameer Gupta and Sankalp Udgata The saga of a Global Indigeneity Heist pioneered over a 9.4km rock. About The mystical Uluru Uluru (Ayres Rock) is a UNESCO World Heritage site in Australia and is a living cultural landscape which is considered sacred to the aboriginal Anangu Yankunytjatjara and Pitjantjatjara people. The monolith has been […]
By Aastha Agarwalla To revive the declining access of foreign funding for Indian companies, the Securities and Exchange Board of India [“SEBI”] has introduced a new framework for the issuance of Depository Receipts [“DR’] via its circular dated October 10, 2019 effective immediately, [“DR Framework“]. [1] The DR Framework is seen as a welcome step […]
By Sumedha Tewari Introduction On July 31, 2019, Rajya Sabha passed the The Muslim Women (Protection of Rights on Marriage) Bill, which was later on granted presidential assent on April 1, 2019. With the passage of this bill, giving divorce to a Muslim woman through talaq-e-biddat or instant triple talaq was criminalised, prescribing up to […]
By Ananya Singh The Citizenship (Amendment) Act, 2019 [“Amendment Act“], since its inception, has been embroiled in controversy for not only its content, but majorly for the political intention with which it was passed by the India Parliament. Nevertheless, a major debate is arousing, regarding its constitutional validity wherein the debate abides on the issue […]
By Dhiraj Yadav and Barkha Dwivedi It is a well settled principle that the liability of a Principal Debtor and a Guarantor is coextensive. The same is enshrined under section 128 of the Indian Contract Act, 1872. Despite this, the act of initiating simultaneous proceedings against Principal Debtor and Guarantor for the same amount of […]
By Gautami Govindarajan Jeff Bezos may be the richest man in modern history, but at whose cost? Amazon has risen to a position of market dominance, but behind the glittering deals and soaring profits is a history of abuse and exploitation of labour. Violations of Labour and Human Rights Amazon has been repeatedly found to […]
By Amogh Pareek Introduction There has been a constant and steep rise in the number of air-travellers over the years. In 2017, a staggering 4.1 billion passengers flew across the world (passengers meaning that if a person flew thrice, it was counted as 3 passengers).[1] In order to accommodate this overwhelmingly large number of travellers, […]
By Shantanu Saharan & Shreyas Santra Introduction The Insolvency and Bankruptcy Code (Amendment) Act, 2019[1] was passed by the House of People without much contention unlike the previous Bills approved by the parliament on Insolvency Law. The Insolvency and Bankruptcy Code, 2016 [“IBC”], over the years, has precipitated from the efforts of Late Mr. Arun […]
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