A. Introduction: Given the unprecedented crisis that all countries are facing globally, is India too (much like other countries such as the US)moving inwards and backwards? From the reading of the FDI press note 3 (“PN3, which is yet to come into effect) it looks like India is playing cautious, keeping one close eye onRead More
Covid-19: Financing Transactions, Defaults In Debt. Repayments – Where Does The Judiciary’s Sentiment Lie?
A. Introduction: With the outbreak of COVID-19 being widespread and the number of effected people only increasing on a daily basis, measures, like the country wide lockdown, has been taken by the Government of India. The outbreak has been unprecedented and the measures taken to control the same have been drastic. Given the circumstances variousRead More
A. Introduction: Fraud vitiates all. Is this well settled principle of law, however, applicable to the Insolvency and Bankruptcy Code, 2016 (“Code”) particularly in cases of insolvency resolution processes (“CIRP/CIRPs”) which have been initiated fraudulently? The Code was brought into force with the intention of protecting the interests of financial institutions, lenders and other creditorsRead More
A. Introduction: The outbreak of the Novel Coronavirus Disease (COVID-19) into a global pandemic corona virus and the subsequent governmental restrictions on movement of people in India by invoking provisions of the Disaster Management Act, 2005 have led to a severe breakdown of commercial activities in India. People have been restricted from going to officeRead More