Corporate Law

Corporate Law

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Tokenisation of cards in India: Explained

Amidst the rise in cases of financial data leaks in India, the Reserve Bank of India's ("RBI") efforts towards the adoption of a framework of tokenisation of cards in India have been appreciated by the industry. ......
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Fantasy Sports: Fantasy or Reality? Impact of Gambling...

Online fantasy sports gaming is booming in India and has in a short span become a prominent form of online gaming in the country, despite legal and regulatory challenges. Fantasy sports is predominantly a prediction game where players assemble a dream team of real sportspersons active in a variety of sports such as football, cricket, basketball, kabaddi etc. and thereafter participate in contests, competitions that mimic and convert the performance of the sportsman in real life into fantasy points. ......
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CHEQUE ISSUED PURSUANT TO SETTLEMENT AGREEMENT PRESUMED...

On October 8, 2021, in the case of M/s Gimpex Private Limited vs. Manoj Goel , the Supreme Court of India has held that a cheque issued pursuant to a deed of settlement between parties will be presumed to have been issued towards discharge of a debt or liability under Section 138 of the Negotiable Instruments Act ("NI Act"), which fastens criminal liability in cheque bounce cases. ......
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Sustainable Finance and India’s Climate Goals

While the pandemic changed our world overnight, it also forced us to slow down, evaluate and begin to work towards the kind of world we want to inhabit. Perhaps therefore, even amid COVID-19 induced economic slowdowns all over the world, the concept of sustainability for all factors of production remains one of the few areas with rising financial interest. ......
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Analysing the 2021 IBBI Discussion Paper on Code of Con...

On August 27, 2021, the Insolvency and Bankruptcy Board of India (“IBBI”), created under the 2016 insolvency law, released a discussion paper (“IBBI Discussion Paper”) on the corporate insolvency resolution process, and sought comments on its recommendations. One of IBBI's concerns that it expressed through the IBBI Discussion Paper is that while other components of the insolvency and bankruptcy ecosystem. ......
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Significant Reforms in the Indian Telecom Sector

The Union Cabinet on September 15, 2021, approved major structural as well as procedural reforms in the telecom sector with the aim to protect and generate employment opportunities, promote healthy competition, protect interests of the consumers, infuse liquidity, encourage investment and reduce the regulatory burden on Telecom Service Providers ("TSPs"). ......
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The RBI’s new master direction on Prepaid Payment Instr...

Prepaid Payment Instruments or simply, PPIs, may sound like a mouthful, but they have become interspersed with our daily life, and indeed transformed the way we undertake everyday transactions. Without realising it, we rely on some form of PPI for paying even at the nearest kirana shop. The usage of such PPIs has been further enhanced during the pandemic as safety and the principle of least-contact became norms to live by. ......
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Do Borrowers Have Protection Against Arbitrary Disposal...

Section 60 of the Transfer of Property Act, 1882, lays down that after the principal money becomes due, the mortgagor can tender the money and require the mortgagee to deliver the possession of the property or the dead/documents to him. In 2020, the Supreme Court held that the right to redeem a property from a mortgagee, cannot be denied. ......
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Eye in the Sky: India’s New Drone Policy

If paparazzi armed with telephoto lenses have long been the scourge of the rich and famous; civilian drones are fast becoming the new menace to the ordinary man on the street. As with all new inventions, there are upsides and downsides. The commercial drone is no exception. ......