This week saw several developments in the field of Insolvency, arbitration, criminal law and matters affecting the international legal landscape. Updates from International law include China’s sanctions on the US for condemnation of Uyghar Muslims, and a French Court’s decision to fine a pharmaceutical giant in a multi-decade drug scandal. In India, the Supreme Court provided instrumental updates on matters arbitrable in insolvency disputes, the POSCO Act and much more. Happy Reading!
The past week has been fraught with judgements from various High Courts, the Supreme Court, the European Court of Justice and more. The subject of these judgements range from the Arbitration and Conciliation Act to the air pollution limits in the European Union. Apart from these, the updates also cover policy developments in countries like Spain, Germany and Switzerland. Hope you enjoy reading the updates and curated list of suggested readings!
This week saw major developments in the legal arena with the Supreme Court of India allowing High Courts to quash FIRs using the writ jurisdiction and the Westminster Magistrate Court allowing the extradition of Nirav Modi to India and much more. Happy Reading!
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 Shantanu Saharan & Shreyas Santra Introduction The Insolvency and Bankruptcy Code (Amendment) Act, 2019 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 […]