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  • Article

    ELP Corporate Update - SEBI Issues Guidelines For Large Value Fund For Accredited Investors | Mandates Appointment Of Compliance Officer For Managers Of AIFs | MCA Revises Rules For Removal Of Company's Name

    Following changes have been introduced by SEBI and MCA:
    IndiaCorporate/Commercial Law
    Economic Laws Practice
    Economic Laws Practice
  • Article

    Infrastructure And Energy Digest – Renewable Energy (August 2020)

    On August 13, 2020, the Ministry of New and Renewable Energy issued an office memorandum regarding extension of time in Scheduled Commissioning Date of Renewable Energy Projects considering disruption due to ...
    IndiaEnergy and Natural Resources
    Economic Laws Practice
    Economic Laws Practice
  • Article

    Principal-Agent Relationships Are Not Covered By The 'Group Of Companies' Doctrine And Establishing Common Intention Is Crucial To Binding Non-Signatories To An Arbitration Agreement

    By its landmark decision in Cox and Kings Ltd. v SAP India Pvt. Ltd. & Anr. the Supreme Court upheld the applicability of the ‘group of companies' doctrine to arbitration.
    IndiaLitigation, Mediation & Arbitration
    Economic Laws Practice
    Economic Laws Practice
  • Article

    Scrutiny Of The Online Hotel Booking Sector By CCI: Here Are The Key Takeaways

    The growth of the online hotel booking sector has drawn the spotlight on several new issues which focus primarily on the on-going practices in the sector.
    IndiaMedia, Telecoms, IT, Entertainment
    Economic Laws Practice
    Economic Laws Practice
  • Article

    The Decision Of The Supreme Court In Filco Trade Center Pvt Ltd – A Happy Ending To The Undesirabletale Of Transitional Credit?

    Despite GST completing half a decade of its existence, its implementation is still plagued by many issues including disputes regarding transitional credit.
    IndiaTax
    Economic Laws Practice
    Economic Laws Practice
  • Article

    Infrastructure And Energy Digest – Energy (August 2020)

    By way of a press release dated August 22, 2020, the Ministry of Power (MoP) noted that the rate of Late Payment Surcharge (LPS) is quite high and in many cases is up to 18% per annum.
    IndiaGovernment, Public Sector
    Economic Laws Practice
    Economic Laws Practice
  • Article

    Final FSB Recommendations On Global Crypto Regulations: Key Highlights

    The Financial Stability Board ("FSB"), an international body, headquartered in Basel, Switzerland, monitors and suggests recommendations on the global financial system.
    IndiaTechnology
    Economic Laws Practice
    Economic Laws Practice
  • Article

    National Highways Authority Of India v. Trichy Thanjavur Expressway: Courts Under Section 34 Can Partially Set Aside Separate, Complete And Self-contained Claims

    Exercising the scalpel, the Delhi High Court in National Highways Authority of India v Trichy Thanjavur Expressway Ltd (Trichy), has held that when an arbitral award is challenged under Section 34 of the Arbitration and Conciliation Act, 1996 (Arbitration Act).
    IndiaLitigation, Mediation & Arbitration
    Economic Laws Practice
    Economic Laws Practice
  • Article

    Competition Act Amendment: CCI Gets More Enforcement Tools To Address Emerging Challenges

    The Competition (Amendment) Bill, 2023 was passed by the Lok Sabha on March 29, 2023. The Bill, previously introduced in the Lok Sabha on August 5, 2022, was then referred to the Parliamentary Standing Committee on Finance ...
    IndiaAntitrust/Competition Law
    Economic Laws Practice
    Economic Laws Practice
  • Article

    Right Of Creditors And Protection Of Individual Right Of Borrower/Promoters

    In the context of right of creditors and right of borrower, the Supreme Court balances interest of parties under the RBI guidelines for declaration of account as fraud by Banks/Financial Institutions (FIs)...
    IndiaFinance and Banking
    Economic Laws Practice
    Economic Laws Practice
  • Article

    Budget Buzz - Make In India

    Union Budget 2023, the first in Amrit Kaal, is touted to lay down the blueprint for India @100.
    IndiaGovernment, Public Sector
    Economic Laws Practice
    Economic Laws Practice
  • Article

    Defence Acquisition Procedure 2020 – Key Takeaways

    The Ministry of Defence has released the long-awaited Defence Acquisition Procedure 2020, which came into effect on October 1, 2020 to succeed the earlier version Defence Procurement Procedure 2016.
    IndiaGovernment, Public Sector
    Economic Laws Practice
    Economic Laws Practice
  • Article

    Supreme Court: When The Agreement Specifically Stipulates For The Appointment Of A Named Arbitrator, The Appointment Should Be In Terms Of The Agreement

    Union of India v. Pradeep Vinod Construction Company with Union of India v. BM Construction Company.
    IndiaLitigation, Mediation & Arbitration
    Economic Laws Practice
    Economic Laws Practice
  • Article

    Priority Of Dues Of Secured Creditor Under The Insolvency And Bankruptcy Code, 2016

    The Insolvency and Bankruptcy Code, 2016 (the Code) was implemented in India in the year 2016 after a series of schemes of Reserve Bank of India including that of the Corporate Debt Restructuring System...
    IndiaInsolvency/Bankruptcy/Re-Structuring
    Economic Laws Practice
    Economic Laws Practice
  • Article

    SC Verdict On Money Laundering – Takeaways And Aftermath

    In the last week of July, one of the most awaited decisions this year was pronounced in Vijay Madanlal Choudhary.
    IndiaGovernment, Public Sector
    Economic Laws Practice
    Economic Laws Practice
  • Article

    Predeposit - Mode Of Payment Quagmire

    Under the Central Indirect Tax laws, in the erstwhile regime as well as in the GST regime, an Appellant is required to make a payment of a specified percentage of disputed tax dues for filing an appeal against an adjudication order ...
    IndiaTax
    Economic Laws Practice
    Economic Laws Practice
  • Article

    Russia Sanctions: An Overview Of The Impact On India

    The Russia – Ukraine conflict has predictably triggered swift and significant reactive measures from across the globe. Admittedly, some these sanctions were planned (and implied) beforehand and rolled out swiftly to have the maximum impact.
    IndiaInternational Law
    Economic Laws Practice
    Economic Laws Practice
  • Article

    ELP Corporate Update: AIFs to segregate and ring-fence assets and liabilities of each scheme | Parameters provided for first close, tenure and change of sponsor/manager

    an important change for the AIF industry, SEBI has mandated that the assets and liabilities of each scheme of an AIF are segregated and ring-fenced from other schemes of the AIF...
    IndiaFinance and Banking
    Economic Laws Practice
    Economic Laws Practice
  • Article

    Equalization Levy: The Ambiguity Continues To Exist

    India has expanded its regime of equalization levy to cover ‘e-commerce supply' by non-resident electronic commerce operators (ECOs) having operations related to India.
    IndiaTax
    Economic Laws Practice
    Economic Laws Practice
  • Article

    Import Of Services From Related Parties – Interplay Of Valuation Between GST, Income-Tax And Customs

    India has firmly established itself as the go-to-destination for back offices and Global Capability Centres (GCCs), attracting an increasing number of global companies seeking to set up their presence...
    IndiaTax
    Economic Laws Practice
    Economic Laws Practice

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