Last week saw a flurry of activity around the announcement that both houses of the Indian parliament had passed the Mediation Bill.
The text of the bill, as passed by parliament, is not available yet. What is available is the text of the bill as introduced in parliament nearly two years ago in 2021. This text sets out some important proposals on both when and how mediation should be used.
In a recent case the Supreme Court of India reversed its previous decision of September 2022 in the matter of State Tax Officer v. Rainbow Papers. In this “Rainbow judgment”, it was established that the State held the status of a ‘secured creditor’ as defined by the Insolvency and Bankruptcy Code.
In the latest interview with a female entrepreneur in our series marking World IP Day 2023, Nikita Jajodia of Nourish Organic Foods discusses the importance of branding, the threat from copycats and the significance of certification.
When the Insolvency and Bankruptcy Code (“the Code”) was introduced in 2016, it highlighted the need to create a credit-friendly culture, an area where previous legislation had fallen short. But while the Code has proven its efficacy as a dynamic legal framework, there remain areas of concern over its application.
Below we review these and also highlight some of the updates including a framework for pre-packaged insolvencies that have come into force since the Code was launched.
The aviation industry has witnessed its fair share of turbulence over the years, with several major airlines succumbing to financial crises and filing for bankruptcy. In a recent development, Go …
Why aircraft lessors need greater protection under Indian law Read more »
In recent years, India has embraced a pro-arbitration approach, making international arbitration the preferred method for resolving disputes between Indian corporations and global entities. Many of these arbitrations lead to …
How to recover foreign award debts in India through insolvency proceedings Read more »
Decided on 1 May 2023 | Supreme Court of India In a significant legal development, the Supreme Court of India, in Sanket Kumar Agarwal v. APG Logistics Private Limited, has …
Case update: Sanket Kumar Agarwal & Anr. V. APG Logistics Private Limited Read more »
The sale and acquisition of non-fungible tokens (“NFTs”) have ignited immense curiosity and excitement among artists, collectors, and enthusiasts. These unique digital assets have revolutionised the notion of ownership, presenting …
Unlocking the digital canvas: exploring the rights transferred in the sale of NFTs Read more »
The petitioner (Macleods Pharmaceuticals Limited) is a pharmaceutical company incorporated under the provisions of Companies Act, 1956. It challenged the order passed by the Intellectual Property Appellate Board, allowing a rectification application filed by respondent number 4 (Sun Pharmaceuticals Ltd) which was directed to delete the entry of the registered trade mark ‘OFLOMAC’ registered by the petitioner.
Non-fungible tokens (NFTs) are gradually becoming more and more popular. There has been a substantial increase in the use and trading of NFTs thanks to their dynamic and broad use cases across platforms, as well as their ability to support digital scarcity and proven ownership of unique, one-of-a-kind assets. In this article we outline what is a non-fungible token, their characteristics and specifications, and how they can be used.
