Modification of Arbitral Awards: Supreme Court answers
A. Introduction What began as a criminal complaint in 2004, culminated in a landmark ruling by the Hon’ble Supreme Court on a key issue in the field of arbitration. On 30 April 2025, while delivering its judgment in Gayatri Balaswamy v. ISG Novasoft Technologies Ltd[1] [“Gayatri”], the Apex Court addressed the pivotal question of whether …
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HURDLES IN THE DESCENT AND LANDING OF JOLCO STRUCTURES IN INDIA
Introduction Japanese operating lease with call option (“JOLCO”) is a financing structure that enables airline companies the ability to expand their fleet and optimize capital efficiency. JOLCO combines the benefits of an operating lease with the flexibility of a purchase option at the end of the lease term. Under JOLCO, a Japanese special purpose company …
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Understanding The Legal Weight Of Your Term Sheet
In the realm of commercial transactions, a term sheet often functions as a crucial stepping stone – establishing the foundation of a proposed deal. As a roadmap for future definitive agreements, a term sheet captures the parties’ preliminary intentions and commercial understanding. That said, when a term sheet has a blend of binding and non-binding …
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Online Gaming in India: Opportunities and Challenges Under the Promotion and Regulation of Online Gaming Act, 2025
Introduction: In today’s digital age, gaming—like any other form of entertainment—has become readily accessible at our fingertips. While playing for recreation is harmless, in some cases excessive gaming can lead to addiction, financial losses, and even serious mental health concerns such as anxiety and depression. This raises an important question: where does one draw the …
From Experiment to Enforcement: How India regulates testing and clinical research
Introduction Clinical Trials have been critical to the healthcare sector, serving as the cornerstone of drug development and medical device safety. Without Clinical Trials, it would be impossible to characterize the benefits and risks of a treatment or evaluate the efficacy of a medicine. The market for Clinical Trials in 2024 has been valued at …
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Virtual Violence: Law, Technology and Protection of Adolescents in Cyberspace
A. Introduction A recent survey in India found that 60% of children in urban areas spend up to 3 hours daily on social media and gaming platforms.[1]
India’s Online Money Gaming Ban: How Social Gaming gains traction, but doesn’t escape regulation
The Promotion and Regulation of Online Gaming Bill, 2025 swiftly received approval from both houses of the Indian Parliament, following its introduction (on August 20, 2025) by the Indian IT Ministry. The Bill marks a significant departure from the prevailing legal framework governing online gaming in India (comprising legislation at both the national and state …
Before you close the Deal: Let us talk Disclosure Letters
Authored by: Lovejeet Singh (Partner, Corporate & Aviation) and Shivani (Senior Associate, General Corporate and Transactions) In the bustle of due diligence and preparation of transaction documents, the ‘Disclosure Letter’ often gets overlooked and surfaces at the eleventh hour just prior to signing or closing. Why is it a problem when you are focused on …
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MODIFICATION OF ARBITRAL AWARDS: A CHANGING PERSPECTIVE.
Introduction: The power of courts to modify arbitral awards under Sections 34 and 37 of the Arbitration and Conciliation Act, 1996 (“the Act”), has consistently been a matter of conflicting interpretation, with divergent views expressed by various High Courts and even the Supreme Court of India.
LEGAL GAMECHANGER: WHAT THE ONLINE GAMING ACT, 2025 MEANS FOR INDIA’S GAMING INDUSTRY
The Promotion and Regulation of Online Gaming Bill, 2025 was passed by the Parliament on August 21, 2025, and received Presidential assent on August 22, 2025, thereby becoming the Promotion and Regulation of Online Gaming Act, 2025 (“ Online Gaming Act ”). This marks a significant step towards regulating the online gaming sector in India. …