ArticleVenture Capital Funds In IndiaVenture capital plays an important role in the life cycle of emerging industries by investing in growth oriented high-risk ventures...IndiaCorporate/Commercial LawClasis Law
ArticleIBBI Amends The Corporate Insolvency Regulations To Mandate Simultaneous Voting On Resolution PlansThe IBBI has, vide notification dated 7 August 2020, amended the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 to, inter alia, make it mandatory for the committee of creditors to vote ...IndiaInsolvency/Bankruptcy/Re-StructuringClasis Law
ArticleUpholding Arbitration Amidst Criminal Allegations And Recovery Act ProceedingsIn a recent judgement concerning The Managing Director, Bihar State Food and Civil Supplies Corporation Ltd. & Anr. v. Sanjay Kumar, the Supreme Court reiterated the scope of judicial scrutiny under Section 11(6A) ...IndiaLitigation, Mediation & ArbitrationClasis Law
ArticleAuction Allottees Do Not Constitute 'Consumers' Within The Ambit Of The Consumer Protection ActIn a recent decision, the National Consumer Disputes Redressal Commission (NCDRC) held that an auction allottee of a property cannot be regarded as a 'consumer' under the Consumer Protection Act, 2019. IndiaConsumer ProtectionClasis Law
ArticleMinistry Of Corporate Affairs (MCA) Streamlines LLP Exit Process With C-PACEIn a recent move to further simplify business operations, the Ministry of Corporate Affairs ("MCA") amended the Limited Liability Partnership Rules, 2009 ("LLP Rules"), designating the Centre forIndiaCorporate/Commercial LawClasis Law
ArticleRBI Issues Digital Payment Security Norms For Banks And NBFCsThe Reserve Bank of India (RBI) in the Statement on Development and Regulatory Policies dated 4 December 2020 had proposed to set up a robust governance structure for digital payment...IndiaFinance and BankingClasis Law
ArticleWhether Proceedings Under Section 138 Of The Negotiable Instrument Act, 1881 Against The Signatory / Promoter /director Of The Corporate Debtor Will Extinguish After Approval Of The Resolution Plan Under The Insolvency And Bankruptcy Code, 2016Ajay Kumar Radheysham Goenka ("Appellant") filed an Appeal before the Hon'ble Supreme Court of India ("Supreme Court") challenging the order dated November 01, 2019 passed by the Metropolitan Magistrate...IndiaInsolvency/Bankruptcy/Re-StructuringClasis Law
Article"AND THEN THERE WERE NONE" – Trademark Registration Allowed On AppealThe Hon'ble Delhi High Court, in the recent case of Agatha Christie Limited versus The Registrar of Trademarks, quashed the order of the Trademarks Registry, whereby the Registry had refused registration of the trademark "And Then There Were None".IndiaIntellectual PropertyClasis Law
ArticleMere Participation In Arbitration Proceedings Does Not Preclude A Party From Challenging An Award On The Ground Of Unilateral Appointment Of ArbitratorIn its recent judgment in Naresh Kanayalal Rajwani and Ors. Vs Kotak Mahindra Bank Limited & Anr. , the Bombay High Court has clarified that a party is not dis-entitled from raising the ground regarding...IndiaLitigation, Mediation & ArbitrationClasis Law
ArticleThe Apex Court Of India Analysed The Applicability Of The Limitation Act To The Petitions Filed Under Section 11(6) Of Arbitration And Conciliation ActThe Supreme Court of India, in its recent ruling in Arif Azim Co. Ltd. v/s Aptech Ltd, considered the issue of applicability of the law of limitation to a petition filed under Section 11(6) ...IndiaLitigation, Mediation & ArbitrationClasis Law
ArticleNon-Fungible Tokens: A Copyright ProspectiveNon-Fungible Tokens: A Copyright Prospective Non-Fungible Tokens are in essence, digital tokens that represent and authenticate ownership of particular digital or real world items. IndiaTechnologyClasis Law
ArticleThe Three New Labour Codes: An OverviewWith a view to reform the archaic labour laws and to facilitate the ease of doing business in India, the Government of India had decided to consolidate twenty nine (29) central labour laws ...IndiaEmployment and HRClasis Law
ArticleEvidentiary Admissions Can Form The Basis Of An Interim Arbitral Award: Delhi High Court Clarifies Limited Scope Of Judicial Review In ArbitrationIn a recent ruling , the Delhi High Court examined the extent of the scope of Arbitral Tribunal's power to pass an interim award based on evidentiary admissions in the context of arbitral proceedings.IndiaLitigation, Mediation & ArbitrationClasis Law
ArticleCan The Corporate Debtor Raise The Issue Of Pre-existing Dispute If Not Raised Within 10 Days Of Receipt Of Demand Notice?Brand Realty Services Ltd. being the Operational Creditor ("Appellants / Operational Creditor") filed an Appeal before the Hon'ble National Company Law Appellate Tribunal, Delhi ("NCLAT")...IndiaCorporate/Commercial LawClasis Law
ArticleDISHA – India's Probable Response To The Law On Protection Of Digital Health DataWith the outbreak of the COVID-19 pandemic, many developing countries including India are on the cusp of a digital revolution. IndiaFood, Drugs, Healthcare, Life SciencesClasis Law
ArticleIndia’s Press Note 3 Framework Revisited: Investments From Land Bordering CountriesManaging foreign investment has always been a balancing act for India, as it seeks to encourage capital inflows on the one hand while protecting national interest on the other.IndiaGovernment, Public SectorClasis Law
ArticleFresh Section 7 Petition Under IBC Code Not Barred By Settlement Agreement Entered During The Earlier Section 7 PetitionIn a recent decision , the National Company Law Appellate Tribunal ("NCLAT") has held that a second Section 7 Petition under Insolvency and Bankruptcy Code, 2016 ("IBC") is maintainable...IndiaInsolvency/Bankruptcy/Re-StructuringClasis Law
ArticleSupreme Court Of India: Intention To Incorporate Arbitration Clause From A Reference Document Should Be UnambiguousThe Appellant had issued an invitation for tender, for the construction of certain structures across the river Damodar at Chandrapur, District Bokaro, Jharkhand, which contained inter-alia, the General...IndiaLitigation, Mediation & ArbitrationClasis Law
ArticleMandate Of A Sole Arbitrator Can Not Be Terminated Solely On The Ground Of RetirementThe Supreme Court in its recent decision in the matter of Laxmi Continental Construction Co. v. State of U.P. has clarified that the mandate of a sole arbitrator could not be terminated solely...IndiaLitigation, Mediation & ArbitrationClasis Law
ArticleSupreme Court Clarifies That The General Phraseology Of A Contract Cannot Constitute Agreement To Apply Statutory Amendments To The Arbitration And Conciliation Act, 1996 Retrospectively.The Supreme Court in its recent judgment in the matter of Ratnam Sudesh Iyer v. Jackie Kakubhai Shroff has held that an amendment made to Section 34 of the Arbitration and Conciliation Act, 1996...IndiaLitigation, Mediation & ArbitrationClasis Law