CHALLENGES FACED BY A SUCCESSFUL RESOLUTION APPLICANT AFTER APPROVAL OF A RESOLUTION PLAN
Despite the best of intentions towards addressing the preservation of value of businesses, and addressing the ills of financially unviable businesses being allowed to continue over prolonged periods, the Insolvency and Bankruptcy Code, 2016 (IBC) is at times found to fall short in implementation of a resolution plan, both after approval of the resolution plan …
COVID-19: Checklist for Invoking Force Majeure Provisions under the Contract
The unprecedented global pandemic which has resulted from COVID-19 has led to uncertainties and government actions which have severely impacted businesses and are likely to continue to do so for the foreseeable future. In India, the National Disaster Management Authority has issued an order dated 24 March, 2020 (“NDMA Order”) followed by the Ministry of …
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THE LEGALESE OF LOCKDOWN
The COVID-19 pandemic is an unprecedented global crisis. India has also been severely hit by this and the government has had to take some extraordinary measures, including closing commercial establishments, public markets and educational institutions and restricting movement of public by imposing a lockdown. The government is using the powers granted under the Criminal Procedure …
COVID-19 | LEGAL IMPLICATIONS ON M & A TRANSACTIONS IN INDIA AND WHAT YOU SHOULD KNOW
The Novel Corona Virus (“Covid 19”) came to light in December 2019 and by March 15, 2020 it has affected nearly every part of the world causing panic, confusion, frenzy and most important of all large scale disruptions to every industry and businesses around the world.
SOCIAL MEDIA INFLUENCERS: BOON OR BANE?
“Social Media Influencers, whether their audience is significant or small, impact the lives of everybody who watches their content. They do have a responsibility to ensure what they are publishing is not harmful or offensive.” This statement made by the Single Judge of the Bombay High Court brought into the limelight the impact and responsibilities …
ECONOMIC OFFENCES AND DIRECTOR LIABILITY UNDER INDIAN LAW
In the last few years, Indian law enforcement agencies have been aggressively investigating businesses that are implicated in any malfeasance or even non-compliance of license terms as required under statutes. Typically, most of the offences committed by companies fall in the category of economic offences. Indian courts have held that economic offences need to be …
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