Enforceability of Arbitration Clause in an Unstamped Agreement
Background A five-judge bench of the Hon’ble Supreme Court in M/s. N.N. Global Mercantile Private Limited v. Indo Unique Flame Ltd. & Ors.,
Key Highlights of the 50th GST Council Meeting
The 50th meeting of the Goods and Services Tax (GST) Council was held on 11th July 2023 in New Delhi. The GST Council inter-alia made certain recommendations relating to GST tax rates, measures for facilitation of trade and measures for streamlining compliance in GST. The key changes of the 50th GST Council Meeting are as …
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Can provision under the Customs Act, 1962 restrict Input Tax Credit under the Central Goods and Services Act, 2017?
Exports play a pivotal role in a country’s economic growth and development, serving as a crucial driver of foreign exchange earnings and employment generation.
Default Bail – An Introduction and Analysis
A. Introduction Default bail, also known as statutory bail, is a species of bail which accrues as a right to an accused detained in custody, when the police fail to or are unable to complete the investigation and file the chargesheet within the time frame stipulated under the law.
Enforceability of Arbitration Clause in an Unstamped Agreement
A. Background A five-judge bench of the Hon’ble Supreme Court in M/s. N.N. Global Mercantile Private Limited v. Indo Unique Flame Ltd. & Ors., Civil Appeal No(s) 3802-3803 of 2020 recently settled a long-drawn debate regarding acting on unstamped arbitration agreements or agreements containing arbitration clause under the Arbitration and Conciliation Act, 1996 (“Act”).
Union Budget 2023-2024
The Union Budget 2023-2024 comes when global uncertainties are rife. Barely had the pandemic receded, the war in Ukraine broke out in February 2022. Prices of food, fuel and fertiliser rose sharply. As inflation rates accelerated, central banks of advanced countries scrambled to respond with monetary policy tightening.
Confronting the Closet: An empathetic approach to Legal Recognition of Same-sex Marriages
“The nature of marriage is that, through its enduring bond, two persons together can find other freedoms, such as expression, intimacy, and spirituality. This is true for all persons, whatever their sexual orientation.” – Justice Sharon L. Kennedy (Chief Justice of the Hon’ble Supreme Court of Ohio)
Buying a resale flat? Don’t let the society rip you off on transfer charges
The amount they can charge is capped in many cities; you can go legal to avoid payment or even recover your money paid under pressure.
Can a Share Purchase Agreement be specifically enforced?
A Share Purchase agreement is an agreement entered into between parties for sale of shares of a company. The same contains clauses governing the purchase and sale of shares by the purchaser from the seller. The same contains several conditions precedents, i.e. pre-requisites which have to be fulfilled before the shares are transferred. Accordingly, it …
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THE HON’BLE SUPREME COURT’S RULING ON THE PREPONDERANCE OF THE COMMERCIAL WISDOM OF THE COMMITTEE OF CREDITORS IN WITHDRAWAL OF INSOLVENCY PROCEEDINGS.
A. Setting the context The preamble of the Insolvency and Bankruptcy Code, 2016 (the “Code”) makes the objective of the Code clear and unambiguous, by seeking to achieve reorganisation and insolvency resolution of corporate persons, partnership firms and individuals for, maximization of value of assets, promoting entrepreneurship; greater availability of credit and; balancing the interests …