While capturing the Indian updates, we believe it is imperative
to discuss some of the recent decisions by the Supreme Court such
as Balance Sheets can amount to acknowledgement of
debts under Section 18 of the Limitation Act,
1963, Issue of Novation of Contract
cannot be considered in an application under Section 11 of the
Arbitration Act. We also highlight several
significant developments in the field of Company Law and Insolvency
and Bankruptcy Code, such as, Promulgation of the
Insolvency and Bankruptcy Code (Amendment) Ordinance 2021 to allow
pre-packaged insolvency for MSME's, Spending CSR Funds for
Covid facilities to be considered a CSR
activity, and many others.
This issue also highlights various other critical and important
decisions delivered in the domain of Company Law
and Insolvency and Bankruptcy, Constitution, Intellectual Property,
Fintech, and many
more.
