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Monthly Archives: February 2019

Supreme Court Upholds Creditors Committee Sovereignty Under The IBC

The Supreme Court in its recent judgment has categorically held that the commercial know how of the Committee of Creditors (CoC) is unimpeachable and not subject to judicial review. The bench consisting of Justices AM Khanwilkar and Ajay Rastogi, while hearing appeals in two cases wherein liquidation orders were passed under the Insolvency …

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Angel Tax fiasco: Government To Soften The Blow On Startup Businesses

New Delhi, February 12: In terms of the number of businesses, India is the second biggest ecosystem for the start-up. Even though the incumbent government has time and again promoted the entrepreneurship in the country, from the past two weeks it is receiving constant flak from the startup ecosystem, as …

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U.S All Set To Withdraw Zero Tariff Program On Indian Exports

New Delhi, February 11: U.S is all set to take disciplinary action against India and is planning to withdraw the Generalized System of Preferences (GPS), amid an ongoing dispute over India’s trade and investment policies. The move is being feared, as India will lose a crucial U.S trade concession, under which …

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SC Issues Contempt Notice To Central Government On HSRP Amendment

    AJAY SHARMA v BRIJESH MEHROTRA Contempt Petition 1787/2017 Hearing on 01.02.2019  PRESS NOTE The Hon’ble Supreme Court of India on 01.02.2019 issued a notice to the Central Government in an Application alleging contempt of the Orders passed by the Hon’ble Supreme Court in issuing Notifications dated 04.12.2018 and …

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Companies (Amendment) Ordinance, 2019: An Overview

The Companies (Amendment) Ordinance, 2019 was promulgated to replace the Companies (Amendment) Ordinance, 2018 which brought about amendments to 31 provisions of the Act. The need for re-promulgation of an ordinance arose due to the fact that the Companies Amendment Bill, 2019 which was to replace the 2018 Ordinance was …

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Financing Of International Trade: Need, Method & Practical Implications

International Trade in today’s world has become extremely intrinsic, and has led to rise in the living standards, generating more employment and has also brought in a market wherein the consumers have the option to choose from a vast variety of goods. The fact of International Trade taking place is …

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How The Resignation Of NSC Member Exposed The Incumbent Government’s Unwillingness To Put Forth Data

New Delhi: Few months into the most-awaited Lok Sabha elections, a report by The Business Standard has sparked a major controversy. Even though the data on unemployment has not been officially released, the business standard claimed to have procured the copy of the National Sample Survey Office’s (NSSO) periodic labour force …

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