Category: News
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India undertakes review of fast-track insolvencies
Smaller corporations often find the 270-day time frame required for a typical insolvency resolution process to be too long. The Bankruptcy Law Reform Committee determined that “there is merit in creating explicit provisions” for cases where the insolvency could be finished sooner.
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Latest developments in insolvency and bankruptcy in India
Go First Airlines Go First Airlines files for insolvency: On May 4, 2023, the NCLT Delhi reserves order on a request for an interim moratorium. On May 2, 2023, Nusli Wadia promoter of Go Air approached the Hon’ble National Company Law Tribunal (NCLT) and file petition seeking insolvency. A few years earlier, Jeh Wadia had been ousted because the airline was consistently losing money.…
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Challenging the Unilateral Appointment of an Arbitrator
In its recent ruling, the Bombay High Court reiterated the need for a written agreement between the parties if one of them objects to the unilateral appointment of an arbitrator by the other.
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World IP Day is an opportunity to celebrate Indian women
“Women and IP: Accelerating innovation and creativity” is the theme of this year’s World Intellectual Property Day, which is being held on April 26. It is a timely reminder of the importance of promoting diversity in IP and among entrepreneurs and business leaders. As the World Intellectual Property Organization (WIPO) states, women everywhere are driving…
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Arbitration regimes applicable to small and medium businesses in India
Although the Indian Supreme Court has tackled some of the conflicts around the validity of arbitration clauses for micro, small and medium-sized enterprises, clarity is still required on how such clauses should apply
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Aarna Law – Contributing to Model Clauses for Contracting in Asia
The Asian Business Law Institute recently released Model Clauses for Contracting in Asia under its Contract Laws in Asia project. Aarna Law is delighted to have contributed to the Model Clauses, offering expertise from the perspective of Indian law and practice.
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CTI Future Corporation v. Ducgiang Chemical & Detergent Powder Joint Stock Company
The Hon’ble Karnataka High Court pronounced a judgement which allowed parties foreign to Indian jurisdiction to enforce international commercial arbitration awards passed in countries that are a signatory to the NY Convention and that are reciprocating territories with India.
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India must embrace the benefits of an open legal market
The benefits of allowing foreign lawyers and law firms to open offices and practise foreign law in India far outweigh any concerns around such a development, says Shreyas Jayasimha, co-founder of Aarna Law.
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Gujarat benefits from the collapse of Silicon Valley Bank
As Indian start-ups switch their funds to the state’s new finance and tech centre, the corporate advisory team highlights the benefits offered to emerging companies from Gujarat’s GIFT city
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Why corporate governance matters for early-stage companies
There is a new element that start-up founders can no longer ignore as they search for success. Alongside a strong value proposition and a credible team, the post-pandemic investor expects sound governance principles to be built into the way the business is run