Category Archives: Banking Law

Amounts written in different inks render negotiable instrument void: MHC

The Madras High Court recently held that amounts written in different inks in a promissory note without any justification amounts to material alteration and would render the promissory note void. Any material alteration without the consent of the parties would … Continue reading

Posted in Banking Law, Company Law, Consumer Law, General Law, Negotiable Instruments Act | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Homebuyers are Financial Creditors under Insolvency Code: SC

The Supreme Court of India recently upheld the amendments made to the Insolvency and Bankruptcy Code in 2018 (“Code”) to treat homebuyers as financial creditors. The Court said that the original provisions concerning Financial Creditors under the Code always subsumed … Continue reading

Posted in Arbitration Conciliation Law, Banking Law, Consumer Law, Contract Law, General Law, Insolvency & Bankruptcy Law, Real Estate | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Part sale consideration or stamp duty can’t be sole criteria to hold transaction as benami: SC

The Supreme Court of India recently reiterated that the payment of part sale consideration or stamp duty by another person cannot be the sole criteria to hold the sale transaction as benami. After a review of plethora of case law, … Continue reading

Posted in Banking Law, Company Law, Consumer Law, Contract Law, Evidence Law, Family Law, General Law, Real Estate, Registration & Stamp Law | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

LLP Incorporation made online: Govt.

Indian Ministry of Corporate Affairs has launched incorporation of Limited Liability Partnership (LLP) through a complete online system through a web service titled “RUN-LLP (Reserve Unique Name – Limited Liability Partnership)”. Name can also be allotted to LLP through an … Continue reading

Posted in Administrative Law, Banking Law, Company Law, Contract Law, General Law, International Law, Notifications/Publications/Circulars | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

NHAI ordered to pay damages of INR 26.35 cr: AT

In a complex claim against National Highways Authority of India (“NHAI”) related to construction, operation and maintenance of a section of National Highway 9, DSL attorneys got a favorable arbitral award for its client wherein the majority panel granted a … Continue reading

Posted in Administrative Law, Arbitration Conciliation Law, Banking Law, Company Law, Constitution Law, Consumer Law, Contract Law, General Law, International Law, mediation | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Revised DTAA between India and Kenya notified: Govt.

The revised Double Taxation Avoidance Agreement (DTAA) between India and Kenya has been notified in the Official Gazette on 19th February, 2018. The revised DTAA will improve transparency in tax matters, help curb tax evasion and tax avoidance, remove double … Continue reading

Posted in Administrative Law, Banking Law, Company Law, Employment Law, General Law, Income Tax Law, Intellectual Property Law, International Law, Notifications/Publications/Circulars, Trade Law, WTO/GATT | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Issuance of bank guarantee will not confer territorial jurisdiction on court: DHC

The Delhi High Court recently reiterated that merely issuance of bank guarantee within the territory of a court will not confer territorial jurisdiction on the court when the guarantee itself vests jurisdiction in courts outside India. The Court said, “…….it … Continue reading

Posted in Arbitration Conciliation Law, Banking Law, Company Law, Contract Law, General Law, International Law, WTO/GATT | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment