[Announcement on behalf of the Indian Journal of Intellectual Property Law] The Indian Journal of Intellectual Property Law (IJIPL) is the flagship intellectual property law journal of NALSAR University of Law, Hyderabad. IJIPL is India’s first student run journal that is wholly devoted to the study of intellectual property law. Published annually, it is the combined endeavour of NALSAR...
MCA Allows EGMs to be Conducted Virtually
[Aditi Nagpal is a 4th year BALLB student at Jindal Global Law School] The Ministry of Corporate Affairs (MCA) released a clarification through its General Circular 14/2020 dated 8 April 2020 which allows for extraordinary general meetings (EGMs) of companies to be conducted virtually. The Circular provides a welcome relief in light of the Covid-19 pandemic, and follows naturally in line...
Supreme Court Reopens the Limitation Period for Enforcement of Foreign Awards
[Smriti Shukla and Yash Raj are third year students of the National University of Study and Research in Law (NUSRL), Ranchi] In the recent judgment of the Supreme Court in Bank of Baroda v. Kotak Mahindra Bank Ltd. (17 March 2020), the question concerned the limitation period for the execution of the foreign decrees under section 44A of the Civil Procedure Code (CPC) in India. In an attempt to...
Supreme Court Rules on Limitation Period for Execution of Foreign Decrees in India
[Ankit Tripathi is a practicing advocate before the Supreme Court and Delhi High Court] In its judgement dated 17 March 2020, the Supreme Court in Bank of Baroda v. Kotak Mahindra Bank Ltd ruled on the limitation period applicable to the execution of foreign decrees in India, after it recorded contrasting views of the different state High Courts on the issue. It held that the limitation period...
‘Control’ under the Competition Law Regime: Is the Ambiguity Finally Settled?
[Abhishek Tripathy is a IV year student and Akshita Totla a III year student, both at the Institute of Law, Nirma University] The Ministry of Corporate Affairs introduced the Draft Competition (Amendment) Bill, 2020 in February 2020. The Bill was a result of efforts of the Competition Law Review Committee, which was established with the objective of suggesting amendments to the Competition Act...
Statutory Limitation on Claims under the Micro, Small and Medium Enterprises Development Act – Part II
Should the Limitation Act be applicable? The MSMED Act is aimed at the expeditious resolution of purely commercial disputes where the terms of engagement are decided by private parties and government intervention is intended to secure an efficacious remedy for timely payment. Consequently, the MSMED Act should not be interpreted in a manner that provides remedies that have specifically been...
Statutory Limitation on Claims under the Micro, Small and Medium Enterprises Development Act – Part I
[Shinoj Koshy and Purvi Khanna are at L&L Partners, Delhi] One of the foremost requirements for the Micro, Small and Medium Enterprise (MSME) industry is the availability of credit and shorter working capital cycles. The working capital cycle of an MSME is the time taken to convert its receivables into cash, which is essential to run their small-scale operations. The Interest on Delayed...
Covid-19 Crisis: Analyzing the Reforms to Insolvency and Bankruptcy Laws
[Karan Sahi is a corporate lawyer and company secretary by profession, and Pranay Bhattacharya is a 3rd year BA LLB (Hons.) student at the Maharashtra National Law University, Aurangabad] The changing market dynamics from the coronavirus (“Covid-19”) has impacted almost every sector. The pandemic has not only caused global business disruption by halting the international trade, it has also...
6th GNLU Moot on Securities and Investment Law 2020
[Announcement from the organisers of the GNLU Moot on Securities and Investment Law] About the Organiser Gujarat National Law University is a premier university of law situated in Gandhinagar, Gujarat seeking to promote research-based education among its students by way of providing excellent education, and opportunities in various co-curricular and extra-curricular activities for holistic growth...
Supreme Court on Enlarged Scope of Leniency for Mistakes in Filing Income Tax Returns
[Amar Tandon is a IV year student and Mansi Mishra a III year student at the National Law Institute University, Bhopal] In Rajasthan State Electricity Board v. Dy. Commissioner of Income Tax (decided on 19 March 2020), the Supreme Court set a precedent for expanding the scope of leniency under section 143(1-A) of the Income Tax Act, 1961. In this post, the authors seek to discuss the details of...
Recent Comments