ArticleThird Amendment To FEMA NDI RulesThe FEMA (Non-Debt Instrument) Rules, 2019 (NDI Rules), notified by the Central Government on October 17, 2019, were recently amended further. IndiaGovernment, Public SectorHSA Advocates
ArticleRestructuring & Insolvency Monthly Update | June 2023The Ministry of Corporate Affairs (MCA) vide Notification dated May 15, 2023 revised the procedure governing the issuance of notice of a scheme of merger or amalgamation calling for objections or suggestions...IndiaInsolvency/Bankruptcy/Re-StructuringHSA Advocates
ArticleAvailability Of Alternative Remedy Does Not Prohibit HC From Entertaining A Writ PetitionThis ruling puts to rest the issue as to exigibility of projects to cess under BOCW and Cess Act. There are number of proceedings initiated by the Labor Department to levy cess on the EPC companies...IndiaLitigation, Mediation & ArbitrationHSA Advocates
ArticleDispute Resolution & Arbitration Monthly Update | January 2022Writ Petition (L) No. 17132 of 2021 | Mumbai Port Trust was represented by HSA team comprising of Rahul Jain, Associate Counsel and Aasiya Khan, Associate from the Firm's Mumbai office.IndiaLitigation, Mediation & ArbitrationHSA Advocates
ArticleHSA | Dispute Resolution & Arbitration Monthly Update | February 2024A contract was awarded by Ircon International Ltd, Delhi (Respondent) to Allied-Dynamic Joint Venture (Petitioner) on October 25, 2010, for various work (Project).IndiaLitigation, Mediation & ArbitrationHSA Advocates
ArticleICC Arbitration Rules 2021The Revised Rules of Arbitration (2021 Rules), which were proposed in December 2020 by the International Chamber of Commerce (ICC), prospectively come into force on January 1, 2021.IndiaLitigation, Mediation & ArbitrationHSA Advocates
ArticleSupreme Court Allows Input Tax Credit As Pre-Deposit For GST AppealIn a landmark ruling on indirect taxation, the Supreme Court has clarified that the mandatory 10% pre-deposit required for filing an appeal under Section 107(6) of the Central Goods and Services Tax Act...IndiaTaxHSA Advocates
ArticleBombay High Court's Recent Directive To The Maharashtra Government: ULC Premium To Be Charged Only On Surplus Landhe Urban Land (Ceiling and Regulation) Act, 1976 (ULC) was initially introduced with the aim of promoting an equitable distribution of land. However, this was subsequently...IndiaStrategyHSA Advocates
ArticleIndia Update | Volume 4 Of 2020Q3 2020 witnessed 173 Private equity (PE) investments worth USD 7.5 billion...IndiaCorporate/Commercial LawHSA Advocates
ArticleProjects, Energy & Infrastructure Monthly Newsletter April 2023The Central Electricity Regulatory Commission (CERC) has notified the first amendment to the Central Electricity Regulatory Commission (Connectivity and General Network Access...IndiaEnergy and Natural ResourcesHSA Advocates
ArticleProjects, Energy & Infrastructure Monthly Newsletter | March 2024Delhi Electricity Regulatory Commission (DERC) on January 19, 2024, notified the DERC (Conduct of Business for Holding Inquiry by Adjudicating Officer) Regulations...IndiaEnergy and Natural ResourcesHSA Advocates
ArticleGovt Has Kept The Promise On Roads And Highways But Sector Needs More FundsA priority target of the Union Budget of 2016-17 was to accelerate the growth of the highways segment, considering that the road sector has been ailing for the last lustrum and beyond.IndiaGovernment, Public SectorHSA Advocates
ArticleBalance Sheets Can Amount To Acknowledgement Of DebtSC vide judgment dated April 15, 2021 in the matter of Asset Reconstruction Company (India) Ltd v. Bishal Jaiswal & Anr. decided a crucial question of law pertaining to whether entries...IndiaInsolvency/Bankruptcy/Re-StructuringHSA Advocates
ArticleCommercial Wisdom Of Committee Of CreditorsAs per provisions of the Insolvency and Bankruptcy Code, 2016 (IBC or Code), in case of any defaults in paying a debt, financial and other creditors of Corporate Debtor or the Corporate Debtor itself ...IndiaInsolvency/Bankruptcy/Re-StructuringHSA Advocates
ArticleRestructuring & Insolvency Monthly Newsletter | August 2021In exercise of powers conferred by Clause (t) of Sub-Section (1) of Section 196 read with Section 240 of the Insolvency and Bankruptcy Code, 2016 (IBC), the Insolvency and Bankruptcy Board of India...IndiaInsolvency/Bankruptcy/Re-StructuringHSA Advocates
ArticleRestructuring & Insolvency Monthly Update | February 2023Rajesh Landmark Projects Pvt Ltd (Corporate Debtor/Appellant) had issued debentures to IREP Credit Capital Pvt Ltd (Financial Creditor). On December 20, 2019, a Petition under Section 7...IndiaInsolvency/Bankruptcy/Re-StructuringHSA Advocates
ArticleDispute Resolution & Arbitration Monthly Newsletter I September 2021Based on an erroneous interpretation of Section 28 of the Indian Contract Act, 1872 (Contract Act), Punjab National Bank (PNB/Respondent No. 1) forced a mandatory and unalterable claim period...IndiaLitigation, Mediation & ArbitrationHSA Advocates
ArticleDispute Resolution & Arbitration Monthly Update | April 2022A Collaboration Agreement was executed between Universal Petro Chemicals Ltd (Appellant) and Aral Lubricants, a German company (Respondent No. 3), under which the Appellant was required to manufacture...IndiaLitigation, Mediation & ArbitrationHSA Advocates
ArticleSIAC Rules 2025 – Bringing Clarity And Efficiency To ProcedureThe Singapore International Arbitration Centre [‘SIAC'] published 7th edition of SIAC Rules [‘SIAC Rules 2025'] on 01 January 2025.IndiaLitigation, Mediation & ArbitrationHSA Advocates
ArticleDispute Resolution & Arbitration Monthly Update | March 2022Civil Appeal Nos. 837-838 of 2022 [Arising out of Special Leave Petition (Civil) Nos.35970-71 of 2016]...IndiaReal Estate and ConstructionHSA Advocates