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Essentials of International Arbitration Agreement

International Arbitration Agreement / admin

International Commercial Arbitration International commercial arbitration is a means of resolving disputes arising under international commercial contracts. It is used as an alternative to litigation and is controlled primarily by the terms previously agreed upon by the contracting parties, rather than by national legislation or procedural rules. Most contracts contain a dispute resolution clause specifying […]

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Lifting of Corporate Veil

Corporate / admin

The Concept of Separate Legal Entity The concept of separate legal entity w.r.t companies was firmly established in the famous case of Salomon v. Salomon & Co. Ltd. [(1897) A.C. 22]. Wherein the House of Lords while dealing with an appeal held that Salomon & Co. Ltd. was not a sham; Mr. Salomon cannot be

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Enforceability of an unsigned Agreement of Sale

Agreement of Sale / admin

As per Section 2(e) of the Indian Contract Act, 1872, Agreement refers to ‘every promise and every set of promises, forming the consideration for each other’. Further, a promise is basically an offer or a proposal, created by an individual or an entity, towards another. Agreement of Sale is generally executed in case of contingent

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Senior Citizens- Issues- Problems and Remedies

Senior Citizens- Issues- Problems and Remedies / admin

There are nearly 138 million elderly persons in India in 2021, including 67 million men and 71 million women, according to the report by Bloomberg Quint. An increase of nearly 34 million elderly persons was seen in 2021 over the population census of 2011. This number is expected to increase by 56 million by 2031.

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Auction Purchase Under IBC and DRT in India

Auction Purchase Under IBC and DRT in India / admin

AUCTION PURCHASE UNDER IBC AND DRT IN INDIA : “Law makes a clear distinction between a stranger (third party purchaser) and a decree-holder purchaser at a court auction. The strangers are protected for being neither a necessary or connected party to the suit/decree. The basic principle behind the said protection is that the court sales

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CORPORATE RESTRUCTURING- MERGER AND POST-MERGER
COMPLIANCES

Corporate Restructuring, Merger and Post-Merger / admin

THE CONCEPT OF CORPORATE RESTRUCTURING : “Corporate restructuring is one of the mechanisms that can be waged to encounter the challenges and problems which confront business. The law should be slow to retard or impede the discretion of corporate enterprise to absorb the needs of changing times and to cater the demands of increasing competition.

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COMPLIANCES Read More »

Award of Interest in Arbitration award in India

Arbitration award in India / admin

The judgment in the matter of Hyder Consulting was delivered by a three Judge bench and was a majority judgment. The majority decision disagreed with the judgment in S.L. Arora case. The majority held that the interest given under Section 31(7) of the Act will also apply to the interest pendente lite. They argued that

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Doing business in India by Non Residents

Doing business in India / admin

Introduction India is one of the fastest growing economies and experts are predicting that India has a huge economic potential to grow. Indian dynamics offers various business opportunities be it for domestic markets, where it has vast population and growing purchasing power; to providing offshore opportunities with availability of skilled talent pool, knowledge/R&D hub, cost

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E Contracts and E Commerce – Legal framework and Issues

E Commerce / admin

With rapid changing world economy and increasing use of Internet, people’s lifestyle has changed and is still changing immensely. Further enhancement in technology and increased dependence on internet and internet based transactions appears to be the future. Most of the individuals living in this world have an access to internet irrespective of location whether living

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Why everyone should make a “Will”

Will / admin

“A will can save one’s family from being put into a quagmired pit of legal conundrum, in case of death (which may even be untimely).” ― Henrietta Newton Martin The year 2020-21 has been no less than a nightmare in the lives of all of us; Covid 19 has pushed many people to death. Many, without

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