The government plans to take measures that will help accelerate the disposal of cases under the Insolvency and Bankruptcy Code (IBC), which has been suspended until March 31 to avert fresh bankruptcy filings against cash-strapped borrowers who defaulted on loans during the Covid-19 pandemic.(Photo Credit: Hindustan Times)19th February 2021 | Hindustan Times Read More
Niti Aayog’s consultation paper on fantasy sports advocates self-regulation, but legal and regulatory uncertainties remain a drag for an industry that has the capacity to attract Rs 10,000 crore FDI in the next few years. (Photo Credit: Business Today)19th February 2021 | Business Today Read More
Financial creditors who relied on balance sheets as proof of debt to initiate insolvency proceedings may now face a new hurdle following a ruling by the National Company Law Appellate Tribunal. (Photo Credit: Bloomberg Quint)28th December 2020 | Bloomberg QuintRead More
Parties seeking merger clearance can sigh with relief, as India has done away with the disclosure requirements governing non-compete clauses. In November, the Competition Commission of India (CCI) announced that parties to a combination (merger/ acquisition) are no longer required to give separate details regarding non-compete clauses. This ensures flexibility for both the competition authority and merging parties. It is a win-win situation, as the merger review process will not be held up by these clauses, giving the industry the flexibility to operate commercially.28th December 2020 | India Business Law JournalRead More
Cyril Amarchand Mangaldas (CAM) has announced a permanent working policy that allows its teams to work onsite and offsite, including work from home. The firm has been working on a remote-only model since the start of the pandemic and will continue the current work-from-home arrangement until 31 March 2021. The new long-term work- ing policy will come into effect after the pandemic wanes.28th December 2020 | India Business Law JournalRead More
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