In this episode, Ayush Shukla from INDIALAW LLP decodes the distinction between financial and operational leases under the Insolvency and Bankruptcy Code, 2016.

The Ministry of Commerce and Industry ("MoCI"), vide notification dated March 14, 2024, introduced amendments to the Special Economic Zones ("SEZ") Rules, 2006 ("SEZ Rules") by issuing the SEZ (Second Amendment) Rules, 2024.

Section 10(4E) of the Income-tax Act, 1961 provides for tax exemption on income accruing or arising to or received by a non-resident as a result of transfer of non-deliverable forward contracts entered into with ...

In terms of Article 366 of the Constitution of India, hiring, leasing or licensing of any goods with transfer of the right to use is deemed to be a sale, thereby subject to VAT/ CST.

The International Financial Services Centres Authority (IFSCA) issued the Framework for Ship Leasing, vide Circular No. F. No. 496/IFSCA/FC/SLF/2022-23/001 dated 16 August 2022, as amended and updated from time to time, (Shipping Framework) as an initiative towards establishing a global shipping industry in India.

An important requirement of lenders to a mine based industry is to have valid encumbrances over the assets of the borrower. This note briefly discusses concerns around creation of encumbrances over certain mineral concessions.

Earlier this year, the International Financial Services Centre Authority (“IFSCA”) issued a notification (“Notification”) specifying operating leases, including any hybrid of operating...

In an important development, International Financial Services Centres Authority (IFSCA) has issued the framework for undertaking ship leasing business in the IFSCA (Framework).

Leasing of aircrafts is a prevalent market practice in the aviation industry, and all existing airline operators in India have currently leased a significant number of aircrafts in their fleet.

The global aviation sector has long been a barometer of economic activity, signalling macroeconomic trends, trade flows, and consumer demand.

The Hon'ble NCLAT in a significant ruling, addressed the issue that has taken place recently which revolves around the matter of Corob India Pvt. Ltd. v. Mr. Birendra Kumar Agrawal...

The National Company Law Tribunal (NCLT) recently gave its nod for the liquidation of Go First Airways.

In the January edition of our monthly newsletter "Legalaxy", our team analyses some of the key developments in securities market, banking and finance, telecom industry, information technology, and information and broadcasting.

Over the past decade, ship leasing has grown to become a significant substitute as a provision for financing of ship acquisition.

India does not have any specific domestic legislation with respect to the leasing and financing of aircrafts.

In examining the likely impact of the standard locally, India's vibrant but highly fragmented retail sector stands out.

In the case of Embassy Property Developments (Private) Limited v. State of Karnataka and Others (decided on December 3, 2019), the Supreme Court of India outlined the scope of intervention by High Courts ...

Aircraft leasing has emerged as the dominant mode of fleet acquisition in the global aviation industry, enabling airlines to access aircraft without committing significant capital to outright ownership.

Various press reports have highlighted the exponential growth within India's aviation sector.

Over the last few years, the regulatory architecture for aircraft leasing in the Gujarat International Finance Tec-City (GIFT City) has evolved steadily.