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State Tax Officer vs Rainbow Papers Limited: Section 53 of IBC

September 18, 2023

State Tax Officer v Rainbow Papers Limited: Recent Supreme Court Judgement on Section 53 of IBC - insights by Ms. Iram Hassan Principal Associate. The Supreme Court crystallizes the role...

Digital Personal Data Protection – Act to action

September 4, 2023

A CXO checklist of the provisions I. APPLICATION - The Digital Personal Data Protection Act, 2023 (“Act”) shall apply to: (i) Processing of digital personal data (“DPD”) within India, where...

Artificial Intelligence – The Need for Development of a Regulatory Framework

In April 2023, the Minister of Economics, IT and Telecom, Ashwini Vaishnaw, reiterated that the Indian Government would not be enacting legislation to regulate the growth of Artificial Intelligence (“AI”) in the...

Securities and Exchange Board of India’s Circular on Business Responsibility & Sustainability Report and ESG Disclosures

INTRODUCTION In an era where enterprises are regarded as vital components of the society, they are not merely accountable to their shareholders for the profits solely but to the society...

The Mediation Bill, 2021: A Primer

The Mediation Bill, 2021: A Primer The Mediation Bill, 2021 (“Bill”) was introduced in the Rajya Sabha in the year 2021 with the aim of encouraging and regulating the practice...

Family Offices-Family Investment Fund in Gift City

INTRODUCTION The Gujarat International Finance Tech-city (hereinafter referred to as “GIFT”) SEZ has been established as a centre for international financial services. It is the first and only International Financial...

Audi alteram partem to be read into RBI’s Master Directions on Frauds – Classification and Reporting

The Reserve Bank of India (RBI) had on July 1, 2016 issued the Master Directions on Frauds - Classification and Reporting by Commercial Banks and Select FIs, 2016 (“Master Directions”)....

Big-Data Mergers in India: Changing Landscape and The Way Forward

Recently, the Competition (Amendment) Act, 2023 received Presidential assent on 11th April 2023 after being passed by both the houses of the Indian Parliament. This is considered to be a...

Liability of Partners for Acts of the Firm A Focus on Payment of Statutory Taxes

Section 25 of the Indian Partnership Act, 1932 (the “Act”) lays down the liability of partners for acts of their partnership firm. The aforesaid section expressly states that every partner...

Default Loss Guarantee Guidelines in Digital Lending – A step in the right direction

Section 25 of the Indian Partnership Act, 1932 (the “Act”) lays down the liability of partners for acts of their partnership firm. The aforesaid section expressly states that every partner...

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