N.N. Global Mercantile Private limited vs Indo Unique Flame Limited & ORS.- & A step forward & then backward
On April 25, 2023, a constitution bench of the Supreme Court of India rendered a split verdict, with a 3:2 majority that an arbitration agreement as well as an instrument containing an arbitration agreement, which is subject to stamp duty but remains unstamped or has insufficient stamping, cannot be given legal effect since it cannot […]
Litigation Update July 2023
In Homevista Decor & Furnishing Pvt. Ltd. & Anr. v. Connect Residuary Pvt. Ltd, the Calcutta High Court departed from the views expressed by three High Courts and ruled that the designated venue of the arbitration cannot be the seat of the arbitration if parties have conferred exclusive jurisdiction elsewhere. In view of conflicting decisions […]
RBI Newsletter June 2023
Our RBI Newsletter for the month of June 2023 gives summarised updates regarding the latest regulatory developments. Read the full newsletter below and for more information, get in touch with our Associates Rugwed Dhage, Jinal Shah and Smrithi Balasubramanian. #PioneerLaw #LawAtPL #FEMA #NDDCs #DLG
Litigation Update June 2023
Recently, in the case of V. Umadevi v. Kumaran Gin & Pressing Private Limited, the National Company Law Tribunal, Chennai Bench ruled that advance paid by a party for purchase of goods and/or services does not qualify as “operational debt” under IBC. The Tribunal opined that the scope of “operational debt” under Section 5(21) was […]
Debasing the TRF and Perkins Principle: calcutta high court upholds a unilateral appointment of arbitrator
The unilateral appointment of the Sole Arbitrator is held to be void ab initio in light of various important decisions by the Supreme Court such as TRF Ltd. v. Energo Engineering Projects Ltd; Bharat Broadband Network Limited v. United Telecoms Limited and Perkins Eastman Architects DPC v. HSCC (India) Limited. In the recent case of […]
Have a canceled ticket for Go First flight on May 3 or 4? Here’s all you need to know about the refund.
Recently, the cash-strapped Indian airline Go First filed for voluntary insolvency before the National Company Law Tribunal. This news signals concerns for passengers who were hoping to travel with the airline in the coming days. In this article by LiveMint, our Principal Associate Sohil Shah discusses the way forward for passengers. Read the full article below:https://lnkd.in/dBp4sEXP
‘What Ban?’ Uber , OLA bike riders clueless about Delhi Government order
