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 […]
Tag: Banking Laws
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 […]
NUALS Law Journal 