A primer on e-commerce business and related laws in India
By Venkata Raghavan
E-commerce, in recent times, has mushroomed and has now touched all forms of business transactions in the country. Due to the ease, safety, security and convenience provided by electronic payment systems, E-wallets or mobile wallets have taken over the traditional system of payments.
The latest Consolidated Fore...
Real Estate (Regulation and Development) Act, 2016 – A Comment
By Anup Koushik Karavadi
The land-population disparity heralded great demand in the real estate sector in India. This demand clubbed with the dearth of a proper vigilance mechanism ramified the real estate sector into a money minting ground.
Conscious of the growing need to regulate the real estate sector and regulated private participatio...
Agreement in Restraint of Legal Proceedings – Is your Bank Guarantee valid?
By Sudish Sharma & Nikhil Singal
The original text of Section 28 of the Indian Contract Act, 1872, which voids agreements made (or containing clauses) in restraint of legal proceedings, has been subject to many amendments over the years. In fact, in 1997, the original Section 28 was replaced with a new one, after taking into consideration the...
Corporate Insolvency Procedure – A Comment
By Anup Koushik Karavadi
Background and need
From the Justice Eradi Committee report of 1999 to the Department of Financial Services’ indicator of October 2015, the pendency of winding-up cases in India has been piling up to reach an alarmingly high level of backlog [see end note 1]. The World Bank h...
Alternative Remedy for Imported Coal Price Escalation
By Radhika Sankaran
Of all the available sources of power generation like coal, nuclear, hydro, natural gas, and the renewable energy sources like solar, wind etc., coal continues to be the major and cost effective source of power generation in India, contributing to 70% of the country’s power requirements [End Note 1] Coal utilised for the power generation...
SEBI’s Bright Line Tests for ‘Control’ - An Analysis
By Prarthna Baranwal
The idea of corporate control has been subject to a longstanding debate in India and elsewhere. A fluid concept such as ‘control’ is a term of wide connotation and, by its very nature, is not amenable to any precise standard definition of general application. What constitut...
Conciliation for settling family disputes
By Barnik Ghosh
Globally, alternative dispute resolution is slowly, but steadily becoming the preferred mode for settling disputes. Many corporates including large business conglomerates are seriously evaluating the merits of mediation and conciliatory procedures to avoid lengthy, and expensive lit...
Start-up India plan: accelerating start-up movement
By Neeraj Dubey
The Start-up India initiative of the Government of India (“GOI”) was announced on January 16, 2016 with the aim to empower start-ups to grow through innovation and design. This initiative strives to build a strong eco-system for nurturing innovation and start-ups so that start-ups drive sustainable econo...
Wishlist 2016 for Real Estate Sector in India
By Kritika Krishnamurthy
Agricultural land in the rural areas and real estate in cities has always been a stable rock for economies and investors since time immemorial across the world. Warren Buffet in his annual letter to shareholders about investing in real estate in 2014 said “Whatever ...
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