Articles and Updates

Limitation Period Extension On Account Of Covid-19 Applies To Delay That Can Be Statutorily Condoned: Supreme Court Of India
  • Vasanth Rajasekaran , Saurabh Babulkar and Harshvardhan Korada - 11-01-2022

The Hon'ble Supreme Court in a recent order in Centaur Pharmaceuticals Pvt. Ltd. and Anr. v. Standford Laboratories Pvt. Ltd.1 observed that the Apex Court's suo motu order extending limitation period on account of COVID-19 would also include the period which can be condoned in exercise of the statutory discretion.

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CCI’s ruling on Amazon is a warning to others
  • Vasanth Rajasekaran and Harshvardhan Korada - 09-01-2022

Our Partner Vasanth Rajasekaran and Associate Harshvardhan Korada write on a recent order of the Competition Commission of India (CCI) which levied a cumulative penalty of Rs. 202 crores on Amazon for 'misleading' the Indian anti-trust regulator through 'false statements' and 'material omissions' on its dealings with the Future group. This development comes after two years of CCI having approved, amongst other things, Amazon's acquisition of 49% shareholding in Future Coupons Pvt. Ltd.

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Indian Arbitration Yearly Roundup: 25 Important Arbitration Judgments Of 2021
  • Vasanth Rajasekaran , Saurabh Babulkar and Harshvardhan Korada - 30-12-2021

In recent years, various Indian courts have delivered decisions that have aimed to reduce the scope of intrusion in the arbitral process and make India an arbitration-friendly jurisdiction. The year 2021 was no exception to the trend of promoting arbitration as we witnessed some significant judgments being delivered on the law of arbitration. We cover twenty-five such judgments in this edition of the Indian Arbitration Yearly Roundup 2021.

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Indian Insolvency Yearly Roundup 2021
  • Vasanth Rajasekaran , Saurabh Babulkar and Harshvardhan Korada - 30-12-2021

The year ended on a high note, with several noteworthy judgments being delivered by the Supreme Court, NCLATs and NCLTs across India in matters involving the Insolvency and Bankruptcy, Code 2016. We cover a few such decisions rendered in the year 2021 that discuss and set out the legal position concerning the interpretation and applicability of provisions of the Insolvency and Bankruptcy Code, 2016.

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Supreme Court Confirms That Arbitration Petition Not Maintainable After Admission Of Section 7 IBC Petition
  • Neha Naik and Madhavi Doshi - 27-12-2021

In a recent judgment1, upholding the order passed by the NCLT and settling previous uncertainties, the Supreme Court of India (“Supreme Court”), held that an arbitration petition is not maintainable after a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 (“IBC”) is admitted. However, during the pendency of a Section 7 petition, parties could be referred to arbitration.

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