Streamlining Insolvency: Key Reforms in Grievance Redressal and Professional Timelines
The Insolvency and Bankruptcy Board of India (IBBI) has proposed key amendments to its grievance redressal and enforcement framework. Through a recent discussion paper dated November 19, 2024, the IBBI outlined changes to strengthen procedural
Strengthening Insolvency Outcomes: IBBI’s New Framework for Resolution Plan Implementation
The Insolvency and Bankruptcy Board of India (IBBI) has introduced the much needed proposal to enhance transparency and efficiency in implementing resolution plans under the Insolvency and Bankruptcy Code (IBC), 2016. In its latest discussion
Statutory Powers of the CCPA and the Bureau of Indian Standards (BIS) : Safeguarding Consumer Rights in Light of the Ola Electric Investigation
In India, the protection of consumer rights and the assurance of product quality are critical objectives upheld by various regulatory bodies. Among these, the Central Consumer Protection Authority (CCPA) and the Bureau of Indian Standards
New Exemption Notification for Industrial Plants by the Ministry of Environment, Forests and Climate Change
On November 12, 2024, the Ministry of Environment, Forests and Climate Change published a significant notification in the Gazette of India, addressing the regulatory framework surrounding industrial plants and their environmental impact. This new directive
Outgoing Partner Entitled To The Profits: Partnership Act
The Hon’ble Supreme Court (“Hon’ble SC“) in its recent judgment[i], held that in an event, a partner is carrying out business with the assets of the firm, he is entitled to his share of profits
Supreme Court Bars Fresh Filing Of Section 11 Arbitration Application After Unconditional Withdrawal
Introduction The Hon’ble Supreme Court recently in M/s. HPCL Bio-Fuels Ltd. vs M/s. Shahaji Bhanudas Bhad held that Order 23 Rule 1 of the Civil Procedure Code (“CPC”) applies to applications for the appointment of
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