The performance of a contract may require third party involvement towards the fulfilment of obligations under a contract. In certain specific circumstances, the contracting parties may decide to “sub-contract” or “assign” their rights and obligations to a third party depending upon the nature of the contract. In common parlance, sub-contracting and assignment are used interchangeably,... Continue Reading →
The issue pertaining to dispute resolution in case of unstamped or inadequately stamped instruments is an oft — debated question, subject to judicial review since decades. This post presents the transition in the thought process of courts considering the pre – 2021 position and the present view on the issue as it stands today.
A recent Article authored on "Dispute Management Strategy For Large Corporates: Forecast 2021" by Archana Balasubramanian, Founding Partner has been published by "LegitEye" on 6th April 2021 as the "Column of the Week". The Article throws light on how in recent years commercial disputes have become even more volatile given the increasing complexities in the business ecosystems and how non-Indian... Continue Reading →
In order to relieve small industries from excessive compliances, the State of Madhya Pradesh and Puducherry have passed amendments to their respective Factories Rules. Further, the State of Odisha has also introduced amendments to laws governing inter-state migrant labourers. In this post, we will decode the amendments passed by the respective State Governments. Madhya Pradesh... Continue Reading →
The issue whether entries/ disclosures made in financial statements could be construed as an “acknowledgment” under Section 18 of the Limitation Act, came up for consideration before NCLAT. While this issue had been previously considered by various courts and tribunals, there was some ambiguity...