Bank Guarantee Archives - Obhan & Associates

Home Tags Bank Guarantee

August 18, 2021
Corporate Law | General Corporate Advisory

The Delhi High Court clarifies: not mandatory for a ban...

August 18, 2021

The Delhi High Court in the case of Larsen & Toubro Limited vs. Punjab National Bank recently pronounced an important judgement clarifying the duration of a claim period in a bank guarantee. The issues raised in this case pertain to the scope of Section 28 of the Indian Contract Act, 1872 ("Act"). ......

July 1, 2021
Corporate Law | General Corporate Advisory

DELHI HIGH COURT’S PRACTICE DIRECTIONS ON RENEWAL OF BA...

July 1, 2021

Section 126 of the Indian Contract Act, 1872 , states that guarantee means a contract to perform the promise or discharge the liability of a third person, in case of their default. Bank Guarantee is therefore a guarantee provide by a lending institution, wherein the debt by a debtor is covered by a Bank. ......

Madras HC clarifies on Method of Treatment of Animals

Intellectual Property March 17, 2025

In a recent decision, the Madras High Court has clarified the scope of exclusion from patentability under Section 3(i) of the Indian Patents Act, 1970, pertaining to methods of treatment for animals, among other things. ...

Design Registration for GUIs

Design March 13, 2025

The registrability of graphical user interfaces (GUIs) has had a chequered past in India. This post discusses latest developments in this matter, including the fallout of a 2023 Calcutta High Court asking the Designs Office to reconsider an order rejecting the application for registering a GUI design. ...

E-Commerce – Principles and Guidelines for Self-Governance: Redefining Trust, Transparenc...

Corporate Law March 13, 2025

The Bureau of Indian Standards has released draft standards titled "E-commerce – Principles and Guidelines for Self-Governance" dated January 2025 (herein after referred to as the "Guidelines"). These Guidelines are imperative for the self-governance of e-commerce entities, ensuring fairness and transparency for all stakeholders including consumers and businesses. ...

HALF EMPTY OR HALF FULL: ALL A MATTER OF PERSPECTIVE

Corporate Law March 8, 2025

In a recent decision involving the reinstating of two civil judges in Madhya Pradesh, Justice Nagarathna of the Supreme Court made some key observations on the representation of women in the judiciary. ...

Delhi High Court lays down disclosure requirements for patent applications

Intellectual Property March 7, 2025

The Delhi High Court clarifies that patent applicants must strictly comply with disclosure requirements in drafting complete specifications, and interprets the scope of Sections 3(c), 10(4) and 10(5) of the Patents Act in a recent decision. ...

Do Courts have the power to Modify Arbitral Awards?

Corporate Law March 5, 2025

On February 20, 2025, the Supreme Court of India ("Supreme Court") reserved its judgement on whether the powers of a court under Section 34 and Section 37 of the Arbitration and Conciliation Act, 1996 ("Act") extend to the modification of arbitral awards. The Supreme Court, while analysing precedents relating to these Sections, observed that some judgements have emphasized the lack of the courts. ...

MIB Issues Latest Advisory for OTT Platforms Amid Content Regulation Debate

Corporate February 26, 2025

Pursuant to the enactment of the Digital Personal Data Protection Act, 2023 ("DPDP Act"), the personal data of a 'Data Principal' can be processed only in accordance with the DPDP Act and for a lawful purpose for which the Data Principal has given consent. This consent needs to be 'free, specific, informed, unconditional and unambiguous' with a clear affirmative action. ...

Tag: Bank Guarantee