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Banking Coronavirus

COVID Pandemic, Bank Guarantees, and Special Equity: Desperate Measures For Troubled Times

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 […]

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Banking Securities

Internet and Mobile Association of India v RBI: Renaissance of India’s Cryptocurrency Market

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 […]