Between the Lines | Delhi High Court: An arbitral award cannot be interfered with on account of disagreement over inference drawn from evidence

The Delhi High Court (“DHC”) has in its judgment dated April 15, 2021, in the matter of Megha Enterprises and Others v. M/s Haldiram Snacks Private Limited [O.M.P (COMM) 79/2021], held that an arbitral award cannot be interfered with on account of disagreement over inference drawn from evidence. Facts Megha Enterprises (“Petitioner”), engaged in the […]

Between the Lines | Calcutta High Court: Award-holder’s claim will stand extinguished on approval of award-debtor’s resolution plan under Section 31 of the Insolvency and Bankruptcy Code, 2016

The Calcutta High Court (“CHC”) has in its judgment dated May 7, 2021, in the matter of Sirpur Paper Mills Limited v. I.K. Merchants Private Limited (Formerly Known as I.K. Merchants) [A.P. 550 of 2008] (“Judgement”), held that the claim of the arbitral award-holder will be frustrated once the resolution plan of the award-debtor is […]

Between the Lines | Supreme Court: Entries made in balance sheet amount to acknowledgement of debt for the purpose of extending limitation under Section 18 of the Limitation Act, 1963.

The Hon’ble Supreme Court (“SC”) has in its judgment dated April 15, 2021 (“Judgement”), in the matter of Asset Reconstruction Company (India) Limited v. Bishal Jaiswal & Another [Civil Appeal No.323/2021], held that entries in balance sheets amount to acknowledgement of debt for the purpose of extending limitation under Section 18 of the Limitation Act, […]

GST Cafe | Relaxations proposed in the 43rd GST Council Meeting

We are pleased to share with you the copy of our latest publication of GST Café, a briefing on the highlights of the 43rd GST Council meeting held on 28th May, 2021. We trust that you will find the same useful. To read the GST Cafe, click at the Download Newsletter. We trust that you will […]

Competition News Bulletin -Jan-May, 2021

We are glad to share the Jan-May 2021 edition of our newsletter – Competition News Bulletin. Some highlights of this issue are as under: CCI closes investigation in the airline industry CCI imposes penalty for bid-rigging in the procurement of sewing machines CCI directs investigation against Tata Motors Ltd for imposing unfair terms & conditions […]