India’s dedicated bankruptcy court has admitted a loan default case against a corporate guarantor, sending a stern message to companies that pledging guarantees on behalf of a borrower is not a mere formality. “Corporate guarantee is no more to be presumed as a comfort undertaking as it leads to definite monetary obligations dragging the corporate...
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It is interesting to note that in India, wherever provisions have been made for criminal prosecution for violation of any Intellectual Property Rights, a criminal case can be filed against known as well as unknown persons. It is also important to note that both civil and criminal remedies, wherever applicable, can be availed simultaneously and...
The Insolvency and Bankruptcy Code (Code) still remains the crucial legislation wherein the industry as well as the law fraternity is still anticipating clarifications on the numerous issues. The moot question of the secured creditors which is repeatedly being posed is whether after the introduction of the Code the security of personal or corporate guarantee...
Over the Period of time, the Insolvency and Bankruptcy Code, 2016(Code), has largely been settled for the questions related to admission of any CIRP application; however there are requirement for clarifications on the post-admission stage procedure of the Code. One of the debated matters in the Code is the stipulatedtime limit for concluding the Corporate...
Stressed Asset in simple words, can be understood as the loan that has not been repaid to the lenders by the borrower in a stipulated period of time. It is a bad debt that is a sum of NPA (Non-Performing Asset), Restructured Loans and Written-off assets. The Reserve Bank of India had issued various...
Labour is a subject in the Concurrent List under the Constitution of India, where both the Central & State Governments are competent to enact legislation. At present, there are 44 labour related statutes enacted by the Central Government dealing with minimum wages, accidental and social security benefits, conditions of employment, disciplinary action, formation of...
In today’s world of modern-day trading; where the goods and services are marketed through interactive websites; Advertisements, Magazines, Journals, Newspapers, Portals etc. which are easily accessible by customers globally, leading to worldwide reputation and goodwill of the mark vis-a-vis Trademark disputes in India reflects the growth of technological development globally. Doctrine of Territoriality This...
B Y K O N A R K R I S H I B H A T N A G A R | SE N I O R A S S O CI A TE Financial Technology (Fintech) is utilized to portray new tech that looks to improve and mechanize the conveyance...