Background Amid the Global Coronavirus Pandemic which has caused disruption all the world, many countries have taken different mitigation steps to tackle the spread of this deadly virus. Due to the absence of adequate medication to prevent and cure the virus in time, countries were forced to enter a compulsory lock-down to exercise social distance... Continue Reading →
Covid-19 Update: Delhi High Court Clarifies the Conundrum Surrounding Force Majeure in Rental Agreements
The pandemic caused due to COVID-19 and the lockdown imposed by the Central Government has almost stalled all the businesses courtywide. This has inturn caused a lot of hardships to the business establishments (not being essential service providers), especially in paying salaries to the employees/workers and the rent of the premises. Recently, the Delhi High... Continue Reading →
FSSAI Update: Launch of FoSCoS Platform
All manufactures holding valid FSSAI License will need to modify their License (without any modification fee) as per the “Standardized Food Products” available on the FoSCoS website, before 31st December 2020.
Covid-19 Update: Supply Chain Management businesses – What next? (Part 2)
Presently, most LSPs have looked at establishing their facilities by leasing / renting warehouses typically located in the outskirts / designated economic zones / industrial parks located in every state of the country.
Covid-19 Update: Supply Chain Management businesses – Impact (Part 1)
SCM businesses throughout the country were disrupted on and from the imposition of lock – down orders. The primary reason for such disruption was that supply chain is the cycle of delivery of goods or services and is a multiple stage process commencing right from the sourcing of raw materials and ending at the delivery of the product or service to the ultimate consumer.
Securing Payments Of Parent Company By Subsidiary Under Insolvency – Whether Preferential Transaction
Therefore, the Apex Court overturned the order of NCLAT and held that the said mortgage transaction done was a preferential transaction under Section 43 of the IB Code, without considering it necessary to deal with whether these transactions are undervalued and/or fraudulent.
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