[Syamantak Sen and Vivek Badkur are third-year law students at the National Law Institute University, Bhopal] The State Bank of India, Gaggar Enterprises and Shaman Wheels, a few of the many creditors of the grounded Jet Airways, i.e., the corporate debtor, filed petitions before the Mumbai bench of the National Company Law Tribunal (NCLT) under section 7 of the Insolvency and Bankruptcy Code...
Call for Papers: RMLNLU Law Review Volume X
[Announcement on behalf of RMLNLU Law Review] About the Journal The RMLNLU Law Review is an annual peer-reviewed Journal published by the Journal Committee of Dr. Ram Manohar Lohiya National Law University, Lucknow which seeks to provide numerous insights and views into contemporary legal issues and encourage conversation about the same. The RMLNLU Law Review runs parallel to the RMLNLU Law...
Supreme Court on Unstamped Arbitration Agreement: A Further Analysis
[Rahul Kanoujia and Venkata Supreeth K are student at Gujarat National Law University] The case of Garware Wall Ropes Ltd. v. Coastal Marine Constructions & Engineering Co. Ltd, decided by the Supreme Court in April 2019, involved an application made by Coastal Marine under section 11 of the Arbitration and Conciliation Act, for the appointment of a sole arbitrator in response to certain...
Computing Price Adjustment in Construction Contracts: The Limited Scope for Setting Aside an Arbitral Award
[Zacarias Kanjirath Joseph is a dispute resolution lawyer based in Bombay. He may be contacted at [email protected]. The views expressed in this piece are personal] A division bench of the Supreme Court of India in its judgment dated 8 May 2019 in Ssangyong Engineering & Construction Co. Ltd. v. National Highways Authority of India set aside an award of an arbitral tribunal, which...
SAT Order: Stock Exchanges not to Follow SEBI’s Circulars and Directions Mechanically
[Anand Narayan is a corporate and securities lawyer currently working as an in-house counsel in Mumbai] One has lately witnessed a trend that the stock exchanges, such as NSE, BSE and NCDEX, are following the circulars and directions issued by the Securities and Exchange Board of India (SEBI) mechanically without application of mind, which has not gone down well with the market participants. Much...
Can the High Court Extend the Mandate of Arbitrator under International Commercial Arbitration?
[Suprabh Garg is a III Year BA LLB (Hons.) student at the National Law University Odisha] Provisions for Extension of Mandate of Arbitrator(s) Section 29-A-(1) of the Arbitration and Conciliation Act, 1996 provides that an arbitration award must be made by the arbitral tribunal within a period of twelve months from the date upon which the arbitral tribunal ‘enters upon reference’, i.e. the date...
Call for Papers: Indian Journal of International Economic Law
[Announcement on behalf of the Indian Journal of International Economic Law (IJIEL)] About the Journal The IJIEL is a student-edited and peer-reviewed law journal published annually by National Law School of India University, Bangalore (NLSIU). The previous volume of the journal featured contributions by Prof. Raj Bhala (Rice Distinguished Professor, Associate Dean for International and...
Competition Commission of India: Emerging Appellate Body for the Sectoral Regulators
[Bhaskar Simha L. N. and Sumit Jain are currently working with the Centre for Competition Law and Economics (CCLE)] The Competition Commission of India (CCI) was established by the Competition Act, 2002 to promote and sustain competition in the Indian market. The said piece of legislation drew no distinction for sectoral regulators and allowed the CCI to look into every domain, barring sovereign...
Call for Papers: NLIU Law Review
[Announcement on behalf of the NLIU Law Review] The NLIU Law Review is the flagship law journal of the National Law Institute University, Bhopal. It is a bi-annual, student-edited law journal with an aim to promote a culture of scholarly research and academic writing among students by publishing articles on subjects of interest to the legal profession and academia. This year, the NLIU Law Review...
Position of Accredited Investors in India within SEBI’s Framework
[Shreshtha Mathur and Chahak Agarwal are fourth year law students at National Law University, Jodhpur] The Securities and Exchange Board of India (SEBI) on 22 May 2019 released the “Framework for the process of accreditation of investors for the purpose of Innovators Growth Platform”. It seeks to provide a boost to entities seeking to get listed on the Innovators Growth Platform (IGP), the stock...
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