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  • Article

    Payment Of Gratuity Act, 1972 - The Case Of Computation

    The incumbent government in its interim budget presented on 1st February 2019 has raised the gratuity limit to Rs. 30 Lakhs.
    IndiaEmployment and HR
    Dhaval Vussonji & Associates
    Dhaval Vussonji & Associates
  • Article

    Balancing Development With Environmental Needs: The Economic Sensitive Zone Of The Sanjay Gandhi National Park

    An Eco-Sensitive Zone ("ESZ") is a buffer zone surrounding the national parks, sanctuaries, and wildlife corridors in the country (collectively, "Protected Areas"), ...
    IndiaReal Estate and Construction
    Dhaval Vussonji & Associates
    Dhaval Vussonji & Associates
  • Article

    Hiba Under Muslim Law

    It is advised that the Parties should make payment of applicable stamp duty on gift as per the relevant stamp act of the State, on such Declaration of Oral Gift or Hiba...
    IndiaReal Estate and Construction
    Dhaval Vussonji & Associates
    Dhaval Vussonji & Associates
  • Article

    Thin Line Between Contractual Dispute And IBC

    Under Section 14 of the Insolvency and Bankruptcy Code, 2016 ("IBC"), once a company enters Corporate Insolvency Resolution Process ("CIRP"), a moratorium is declared to protect its assets and maintain it as a going concern.
    IndiaInsolvency/Bankruptcy/Re-Structuring
    Dhaval Vussonji & Associates
    Dhaval Vussonji & Associates
  • Article

    Precautions And Steps For The Registration Of Documents

    The Corona Virus pandemic has had a severe impact on all aspects of people's lives as India remains to be in lockdown.
    IndiaCoronavirus (COVID-19)
    Dhaval Vussonji & Associates
    Dhaval Vussonji & Associates
  • Article

    Calm Period Under Section 14 Of IBC: Causing Storm For Secured Creditors?

    A resolution plan can be approved only with the affirmative vote of creditors having at least 75% of the voting share by value in the Committee of Creditors.
    IndiaCorporate/Commercial Law
    Dhaval Vussonji & Associates
    Dhaval Vussonji & Associates
  • Article

    Supreme Court On Suspension Of Limitation Period

    Due to the outbreak and rapid spread of covid-19 pandemic, the Government of Maharashtra, Public Health Department, issued notification dated March 14, 2020...
    IndiaLitigation, Mediation & Arbitration
    Dhaval Vussonji & Associates
    Dhaval Vussonji & Associates
  • Article

    SEBI's Proposal For Strengthening The Governance Mechanism Of Alternative Investment Funds ("AIFs")

    Regulations 16(1)(c) and 17(c) of AIF Regulations currently place a restriction on borrowing or engaging in any leverage except for meeting temporary funding requirements by Category I and II AIFs.
    IndiaStrategy
    Dhaval Vussonji & Associates
    Dhaval Vussonji & Associates
  • Article

    Acknowledgement Of Debt

    ‘Acknowledgement' generally means acceptance or admission of something that exists.
    IndiaCorporate/Commercial Law
    Dhaval Vussonji & Associates
    Dhaval Vussonji & Associates
  • Article

    Power Of Hon'ble National Company Law Appellate Tribunal To Recall Its Judgement.

    The National Company Law Appellate Tribunal ("NCLAT") is a quasi-judicial body constituted under Section 410 of Companies Act 2013 to hear appeals against the orders of National Company Law Tribunal(s) ("NCLT").
    IndiaCorporate/Commercial Law
    Dhaval Vussonji & Associates
    Dhaval Vussonji & Associates
  • Article

    Transfer Of Title Of Promoter Under RERA

    The Maharashtra Real Estate Regulatory Authority ("the Authority") has on 27th June, 2017 issued an order ("Order") stipulating that a promoter has to execute conveyance to transfer his title, ...
    IndiaReal Estate and Construction
    Dhaval Vussonji & Associates
    Dhaval Vussonji & Associates
  • Article

    Fundamentals Of A Legally Enforceable Arbitration Agreement: Key Principles And Pitfalls

    The presence of an arbitration clause in commercial contracts has developed noticeably over the period of time in India. However, it is meaningful only when the clause is enforceable.
    IndiaLitigation, Mediation & Arbitration
    Dhaval Vussonji & Associates
    Dhaval Vussonji & Associates
  • Article

    UAE Notified As A Reciprocating Territory Under Section 44A Of Civil Procedure Code

    The purview of this article is the impact of addition of United Arab Emirates to the notification dated 17th January 2020 G.S.R 38 (E) issued by Ministry of Law and Justice.
    IndiaLitigation, Mediation & Arbitration
    Dhaval Vussonji & Associates
    Dhaval Vussonji & Associates
  • Article

    Financial Creditor And Operational Creditor Under The Insolvency And Bankruptcy Code, 2016

    The Insolvency and Bankruptcy Code, 2016 (IBC) has consolidated and amended the laws relating to reorganization and insolvency of corporate persons, partnership firms and individual firms.
    IndiaInsolvency/Bankruptcy/Re-Structuring
    Dhaval Vussonji & Associates
    Dhaval Vussonji & Associates
  • Article

    Power Of The Court To Reject A Plaint Qua Some Of The Defendants

    Order VII Rule XI of the Code of Civil Procedure, 1908 ("Order VII Rule XI") deals with the provision of ‘rejection of plaint'.
    IndiaLitigation, Mediation & Arbitration
    Dhaval Vussonji & Associates
    Dhaval Vussonji & Associates
  • Article

    Death Knell For Development Agreements In The Context Of The Real Estate (Regulation And Development Act), 2016

    A number of lenders have lent to landowners based on the amounts receivable by them in the course of development.
    IndiaReal Estate and Construction
    Dhaval Vussonji & Associates
    Dhaval Vussonji & Associates
  • Article

    Personal Guarantors Now Subject To IBC: A Brief Overview Of The Bankruptcy Process

    By a notification dated 15th November 2019, the Central Government has from the 1st of December, 2019 brought into effect Part III of the Insolvency and Bankruptcy Code, 2016 ("the Code") ...
    IndiaInsolvency/Bankruptcy/Re-Structuring
    Dhaval Vussonji & Associates
    Dhaval Vussonji & Associates
  • Article

    Force Majeure And The Impact Of Covid-19 On RERA Registered Projects

    The Novel Coronavirus (COVID-19) has hit populations around the world and has resulted in many restrictions, including free movement of people.
    IndiaCoronavirus (COVID-19)
    Dhaval Vussonji & Associates
    Dhaval Vussonji & Associates
  • Article

    SEBI's Special Treatment To Public Sector Banks

    SEBI Chairman Mr. U. K. Sinha while talking about minimum public shareholding in public sector companies said, "Our (SEBI's) stand as a regulator is that all cos should be treated alike on all matters...
    IndiaCorporate/Commercial Law
    Dhaval Vussonji & Associates
    Dhaval Vussonji & Associates
  • Article

    Signatory Of Cheque Authorised By A Company Is Not Drawer

    The interim compensation under sub-section (1) shall not exceed twenty per cent. of the amount of the cheque.
    IndiaLitigation, Mediation & Arbitration
    Dhaval Vussonji & Associates
    Dhaval Vussonji & Associates

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