Mandating reliance on Information Utility for certain Financial Creditors Time being the essence of the Corporate Insolvency Resolution Process (“CIRP“), recommendations were made by the Insolvency Law Committee (“Committee“) constituted …
DECODING 5TH REPORT OF INSOLVENCY LAW COMMITTEE – MAY 2022 Read more »
Climate change has been at the forefront of most discussions over the past 5 years due to its impact on the environment and on people. However, we commonly overlook the …
Climate change and business solvency risk: An overview Read more »
The Appeal was filed by the Respondent (Plaintiff) for the specific performance of contract based on an agreement dated 08.06.1979 and damages of about Rs. 1,01,00,000/-. However, after 30 years …
Decided on 14th September 2022 | Supreme Court of India The Hon’ble Supreme Court (“the Court”) was hearing an appeal against a common judgment and Order dated 1st February 2021 …
Shreyas Jayasimha, Co- founder ,Aarna Law, recently spoke at a webinar hosted by the International Centre for Dispute Resolution – American Arbitration Association (“ICDR- AAA”) on “Disputes Involving Blockchain and …
The challenges of bringing claims over digital currencies Read more »
Decided on 12 July 2022 | Supreme Court of India In Vidarbha Industries Power Ltd. vs Axis Bank Limited, the Supreme Court (“the Court”) observed that it is not mandatory …
Vidarbha Industries Power Ltd. vs Axis Bank Limited Read more »
In the recent Union Budget Session of 2022- 2023, an announcement was made to extend the jurisdiction of India’s Insolvency and Bankruptcy Code, 2016 (IBC) to cross-border insolvency. The current …
How India’s new draft law will impact cross-border insolvencies Read more »
Decided on 11th August 2022 | High Court of Karnataka The Hon’ble Karnataka High Court (“the Court”) has held that a foreign award rendered between parties that do not carry-on …
CTI Future Corporation v. Ducgiang Chemical & Detergent Powder Joint Stock Company Read more »
Decided on 4th July 2022 | High Court of Punjab and Haryana In Vijay Kumar Ghai v. Pritpal Singh Babbar, the Hon’ble Punjab and Haryana High Court (“the Court“) held …
Decided on 25 July 2022 | Rajasthan High Court In Vishnu Oil Mill Pvt. Ltd. vs Union of India, the High Court of Rajasthan (“the Court“) observed that the provision …