Aditya Thomas & Jayati Bhatia The very definition of “export” under the Foreign Exchange Management (Export of Goods & Services) Regulations 2015 (“Current Regulations”) has historically excluded services, limiting its scope to goods and software. This restrictive approach has led to conflicting interpretations, particularly when juxtaposed with the broader definition under the Foreign Exchange Management […]
Category: Banking
Siddh Sanghavi & Sameer Rahman Introduction Digital lending refers to a remote and automated process that allows people to apply for loans and other credit services online through digital platforms and channels. It involves using mobile applications and websites to streamline the lending process. Using these methods, loans are being disbursed in less than 10 […]
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 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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