IBC
Parley with the Pirates
Interview with Mr. Bahram N. Vakil, Founding Partner at AZB & Partners
Mr. Bahram N. Vakil is a founding partner at AZB & Partners and was a member of the Bankruptcy Law Reform Committee, a committee that helped conceptualize and facilitate the implementation of the Insolvency and Bankruptcy Code, 2016. He...
The Courtroom
NCLAT: Is following the Corporate Insolvency Resolution Process under Insolvency and Bankruptcy Code a viable option when the defaulter is an Infrastructure and Real...
NikunjMehta - 0
This question was addressed by the National Company Law Appellate Tribunal (NCLAT) in the case of in Flat Buyers Association v. Umang Realtech Pvt. Ltd. The case was concerned between the Flat Buyers Association of the Umang Realtech Pvt. Ltd.’s...
Supreme Court
Are Home Buyers Financial Creditors? Supreme Court rules in favour of Jaypee Infra Home Buyers
The Supreme Court in the case of Chitra Sharma v. Union Of India decided on 6 November 2019 that the home buyers shall be included in the list of financial creditors. Also, as a matter of fact, after the amendment...
Latest News
Understanding Contingent Contracts Under the Indian Contract Act
A contingent contract is a contract to do or not to do something, if some event, collateral to such contract, does or does not happen.
Blogs
Analysing the Central Vista Project: India’s New Parliament
The government will spend around Rs. 1000 Crore for the new parliament building, right in the center of India’s capital.
Blogs
Explained: Farm Laws 2020 and its Effect on Indian Farmers
In the recent past, our government has come up with three different ordinances related to agriculture which has infuriated the farmers of our nation.
Job Openings
Job Post: Vacancy for Associate at Sony Pictures Networks India Private Limited, Mumbai
Sony Pictures Networks India Private Limited is looking to hire an Associate with 3-5 years of PQE from Media and Entertainment Industry, preferably with...
Articles
Analysing the Enforcement Of Foreign Arbitral Awards In Light Of the Vijay Karia Case
Section 34 of the Arbitration and Conciliation Act, 1996 (Hereinafter “Act”) lays down the basis for setting aside arbitral awards made in domestic and foreign arbitrations held in India. Though international awards cannot be contested in India, the compliance of such awards in India may be validly challenged by the award debtor on the grounds set out in Section 48 of the Act. The grounds set under both these sections are almost similar, one of the grounds being that the arbitral award is found contrary to the “public policy of India”. The question of the constituent elements of “public policy” have been discussed in a number of cases, however, in a recent case of Vijay Karia & Ors. V. Prysmian Cavi E Sistemi Srl & Ors, the SC drew attention to this point viz-a-viz foreign award.