Agrud Partners

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 into insolvency, and this has again brought to light gaps in the Indian legal framework regarding airline bankruptcies, specifically regarding rights of lessors.

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.

Introduction India is an agrarian country. Agriculture and its allied sectors are one of the major contributors to the GDP of the country.

BACKGROUND/INTRODUCTION  The “group of companies” doctrine has been a subject of rigorous academic debate among practitioners of arbitration law and academics with domain expertise.

Introduction India has witnessed a growing shift from traditional litigation to methods of Alternate Dispute Resolution (ADR) in recent decades.