‘Group of companies’ doctrine reiterated A nonsignatory to a contract may be bound by an arbitration agreement where the parent or holding company, or a
Month: September 2019
***Amendments to the IBC: Correcting judicial errors | Business Standard Column
Often, courts step in to lend direction when new statues lack clarity or are inconsistently interpreted. In other cases, the legislature steps in to remedy
Exim policy to electricity theft, here’s a weekly selection of court orders | Business Standard Column
Consumer court can’t examine Exim policy A person who has a claim under a replenishment (REP) licence issued in terms of the import and export policy is
From arbitration clause to IT Act, here are the key court orders | Business Standard Column
Arbitration clause goes after compromise Once two disputing companies settle their differences and sign a compromise agreement, neither can invoke an arbitration clause that existed
From Land acquisition to trademark violations, here’re the key court orders | Business Standard Column
Land acquisition for rapid transit projects Claims of landowners against the metro railway projects in Kolkata and Chennai were resolved by the Supreme Court in
Consumer Protection Bill: Overlap of jurisdictions may lead to litigation | Business Standard News
The Consumer Protection Bill, 2019 was introduced in the Lok Sabha on July 8, 2019. An earlier draft had lapsed with the dissolution of the
***Passing the scrutiny of courts toughest test for proposed amendments to IBC | Business Standard Column
The preamble of the Insolvency and Bankruptcy Code (IBC) describes the basic functions as: “…to consolidate and amend the laws relating to reorganisation and insolvency resolution of
From unlicensed drivers to bounced cheques, here’re the key court orders | Business Standard Column
Parent company stands outside arbitration A foreign group of companies cannot be made a party to a domestic commercial arbitration merely because its Indian constituent
GST amendments via Finance Bill: A cheeky run by Modi government | Business Standard News
Finance Minister Nirmala Sitharaman in her maiden Budget speech has sought to implement the recommendations made by the GST Council during its 35th meeting last month. The
From theft charge to long-standing disputes, here’re the key court orders | Business Standard Column
Company is employer, not its directors The Calcutta High Court has ruled that the term ‘employer’ does not include the director of a company. It
Two years on, still not a good and simple tax: What ails the GST regime | Business Standard Column
The last GST Council meeting had given a two-year extension to the National Anti-profiteering Authority (NAA), postponed the deadline for filing annual returns by two months, and
From minimum wage order to whisky brand row, here’re the key court orders | Business Standard Column
Minimum wage order can’t change job terms While implementing the Minimum Wages Act, a government cannot alter the terms of employment. It can only fix
Volume of litigation under GST regime to grow in a big way: Experts | Business Standard News
Last month, the power of GST officers to arrest tax evaders hogged headlines and courts’ time. Following conflicting orders from various high courts, the apex court stepped in. A
Over half the SME universe in the red: Here’re the top losers since 2012 | Business Standard News–
One in every two small and medium enterprises (SMEs) listed on the SME platform of exchanges since 2012 is trading in the red. On Thursday, the BSE
***Amrapali-like fraud won’t recur: Government – Times of India
Assuring that large-scale financial fraud, such as cheating of homebuyers in the Amrapali case, will not happen in the real estate sector in future, the Centre told the Supreme Court on Thursday that a
Thomas Cook collapse: Bailout fails, tourists stranded – The Hindu BusinessLine
British government said it would work to return all those booked to come back to the UK over the next two weeks free of cost
***Personal insolvency regulation in phases, indemnity to successful bidder under IBC: Sitharaman – Times of India
Extending indemnity to successful bidders of loan defaulting companies, finance minister Nirmala Sitharaman on Monday said the government will not launch any criminal proceedings against those who buy
Houston rally of Modi and Trump signals areas of strategic convergence–Times of India
The extraordinary rally yesterday in Houston, US, which was addressed by both Prime Minister Narendra Modi and US President Donald Trump, signalled the path ahead
Booster shot: Corporate tax is cut; now cut personal taxes–Times of India
The headline corporate tax rate was cut yesterday through an ordinance by eight percentage points, to 22%. It’s a bold step that seeks to unleash
Find ways to make amended Motor Vehicles Act work–Times of India
The Gujarat government move to reduce fines by 25-90% on 17 traffic offences under the amended Motor Vehicles Act opens the floodgates for similar actions
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