From Priority to Prejudice – The Lenders Dilemma in the RERA Regime
I. Background The real estate sector continues to play a pivotal role in India’s economic development, contributing to an estimate of 13% (thirteen percent) of the India’s GDP in the financial year 2024-25[1]. One of the crucial factors contributing to the growth of the real estate market in India has been the significant reform in …
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Recalibrating India’s Corporate Debt Market: Analyzing RBI’s 2025 Relaxations for Foreign Portfolio Investors
On May 8, 2025, the Reserve Bank of India (RBI) issued a very significant notification in respect of the regulatory framework governing Foreign Portfolio Investor (FPI) investment in India’s corporate debt market. In removing the short-term investment limit, and the concentration limit, for FPIs investing in India via the general route, the RBI is signaling …
AIRLINE INSOLVENCY IN INDIA: LEGAL GAPS IN LESSORS’ RIGHTS AND PASSENGER DATA PROTECTION
INTRODUCTION The airline industry is unpredictable by nature, and financial instability often ends with declaration of insolvency. As airlines are handled with very thin margins of profit, even minor disturbances like a rise in fuel prices, changes in governing regulations or failures in supply changes can cause financial distress.[1] Go First Airlines has recently gone …
THE NATURE OF PROCEDURAL TIMELINES IN ARBITRATION: A STUDY OF SECTION 23(4) OF THE INDIAN ARBITRATION AND CONCILIATION ACT, 1996
Introduction With the changing nature of the world, arbitration has emerged as a preferred mode of dispute resolution because it emphasises expediency, party autonomy, and finality. When facing disputes, many businesses choose arbitration instead of courts, because it’s typically faster, this is an essential aspect when it comes to time-sensitive business matters.
FINTECH IN INDIA: AN OVERVIEW OF THE CURRENT REGULATORY LANDSCAPE
I. Introduction The financial technology (better known as ‘fintech’) landscape in India has been on an impressive growth trajectory over the past decade, spurred by a confluence of factors such as government initiatives championing digital payments, the rapid expansion and access to technology (including smartphone usage), and a surge in investment from both domestic and …
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Court’s power to modify an arbitral award
In Gayatri Balaswamy v. M/S. ISG Novasoft Technologies Limited Bench: Chief Justice Sanjiv Khanna, Justice B.R. Gavai, Justice P.V. Sanjay Kumar, Justice A.G. Masih, Justice K.V. Viswanathan. Date of Judgement: 30/04/2025 INTRODUCTION In a recent ruling in Gayatri Balaswamy vs. M/S. ISG Novasoft Technologies Ltd[1], a Constitution Bench of five judges of the Supreme Court …
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Supreme Court Upholds Validity of Service Bond Clause in Employment Contract
In Vijaya Bank and Another vs Prashant B Narnaware[1] a division bench of the Hon’ble Supreme Court of India has upheld the validity of a clause in an appointment letter requiring an employee to pay Rupees Two Lakh (INR 2,00,000/-) as liquidated damages if he resigned before completing three (3) years of service.
Supreme Court directs status quo to be maintained in the liquidation of Bhushan Power and Steel Ltd.
Introduction In Kalyani Transco v. M/s Bhushan Power and Steel Ltd. (2025 INSC 621), the Supreme Court (the “SC”) set aside the approved resolution plan (the “Resolution Plan”) and directed liquidation of Bhushan Power and Steel Ltd. (“BPSL”) negating the judgments of the National Company Law Tribunal (the “NCLT”) and the National Company Appellate Law …
Code of Care: An Overview of India’s Key Healthcare Laws
I. Introduction Over the last few years, the world at large has taken cognizance of India’s ability to deliver quality healthcare at an affordable price. Healthcare is now fast emerging as one of the largest industries in the Indian economy[1], generating significant employment opportunities as well as contributing substantially to India’s economic growth.
Reserve Bank of India (Digital Lending) Directions, 2025: Brief Overview& Analysis
On 8 May 2025 the Reserve Bank of India issued the Reserve Bank of India (Digital Lending) Directions, 2025, a single rule-book that repeals and folds into itself every digital-lending circular since 2022, including the default-loss-guarantee (DLG) FAQ and the outsourcing norms for Lending Service Providers (LSPs).