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.
COVID-19: Unlock – The Way Ahead – Part III
Unlock from Employment Laws Perspective The nationwide lock-down and the resultant closure of various workplace directly affected the sustenance and livelihood of the employers and the employees. With closure of all business activities there was low or no source of income which gave rise to various issues and desire to implement cost cutting measures such... Continue Reading →
COVID-19: Unlock – The Way Ahead – Part II
As per the Order issued by MHA on 30th May 2020, the decision to open Schools, Colleges, Educational/ Training Institutions will be taken in the month of July, 2020, pursuant to the prevailing situation of the Covid-19 pandemic at that point in time. With the Schools, Colleges, Educational/ Training Institutions still shut, the key focus now should be to further strengthen and ramp up the digital resources and encourage investments in technology from rural schools to higher education institutions.
COVID-19: Unlock – The Way Ahead – Part I
As far as possible, the practice of work from home should be followed by various workplaces; Staggering of work/ business hours shall be followed in offices, shops and commercial establishments, etc
Covid-19 Update: Suspension on fresh Initiation of Insolvency Proceedings – IBC Ordinance 2020
While the move taken by the Government may offer relief to stressed companies, certain provisions in the Ordinance can spring unwarranted consequences and open up the possibility of gross misuse of the leeway by wilful defaulters and fraudulent promoters.
COVID-19 Update: Exemptions from Labour Laws in Indian states
Many States in India have announced a number of reforms to labour laws, amidst the Covid-19 crisis, granting various relief measures to employers to recover from the slowdown in the economy that has arisen due to the pandemic and to boost investment opportunities. Various States granting sweeping exemptions from various labour laws which are aimed... Continue Reading →
COMMERCIAL LAW BLOG 