Industry experts have hailed the government’s move to dismantle the L1 or least cost selection method as the only bidding format for the selection of bidders to execute projects. The department of expenditure’s public procurement division on October 29 issued guidelines allowing all non-standard works and non-consultancy services to be bid out under the quality-cum-cost-based Selection (QCBS) method. (Photo Credit: Moneycontrol.com)
10th November 2021 | Moneycontrol.com Read More
The Ministry Of Corporate Affairs and Bankruptcy rule maker The Insolvency and Bankruptcy Board of India (IBBI) are preparing amendments to IBC, which will be placed before the Parliament in the coming Budget session. The amendments are aimed at tackling challenges to the timely rescue of distressed firms. (Photo Credit: LiveMint)
9th November 2021 | Live Mint Read More
Press Release: India’s leading law firm, Cyril Amarchand Mangaldas (CAM), today announced the successful conclusion of Prarambh Cohort 2. Three start-ups were selected for this cohort, namely, Conduct, Presolv360, and PropertyChek. They successfully completed the rigorous, multi-dimensional incubation programme at India’s first and highly regarded LegalTech incubator, Prarambh.
26th October 2021 | Cyril Amarchand Mangaldas 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
