Supreme Court directs all High Courts to submit details of pending applications under Section 11(6) Arbitration Act The directive issued by a Bench of Justices MR Shah and BV Nagarathna in response to High Courts’ protracted delays in disposing of Section 11(6) cases, which undermined the object and purpose of the Arbitration Act. The Supreme
The Supreme Court raps the Centre over the Tribunals Reforms Act, saying, “You are testing the patience of the court; you have no respect for our judgments.” The Supreme Court chastised the Union Government on Monday for delaying the filling of vacancies in tribunals and for passing the Tribunals Reforms Act, which it described as
INTRODUCTION The Partnership Act is a comprehensive structure for contractual and partner partnerships and the basis for the most common form of small business organization. The Indian Partnership Act enacted in the Year 1932 establishing the partnership law relating to the relationship between individuals who have decided to share the income of a business carried
INTRODUCTION Corruption has always been a hot topic in a fast growing economy like India as it has been one of the major reasons holding back its growth to full potential. Legislature has made innumerable efforts at trying to curb it over the years, some of which would be discussed in this write-up. It has
Introduction There is a word out in the legal arena about a review committee to be formed for the review of legal provisions that allow for the withdrawal of an insolvency case in approbation of an often-negligible one-time settlement (OTS). The Siva Industries Case What shall one anticipate when a bank loan of roughly to
What Happened? In December 2020, SBI filed an Insolvency petition filed against Videocon Industries Limited (Videocon). Later in that month, Videocon informed investors of approval by the Committee of Creditors (CoC) in a regulatory filing of a resolution plan as submitted by Twin-Star Technologies Limited. Twin Star Technologies is a limited company promoted by the
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