The Supreme Court (SC) has held that enforcing the Malaysian arbitral award in favour of Vedanta on the Ravva oil and gas fields, located in the shallow offshore area of the Krishna-Godavari basin on the eastern coast of India, will not go against public policy in India. In doing this the Court has upheld the Delhi High Court’s order
News and Updates Issue 45 Duration September 01-15, 2020
The Reserve Bank of India (RBI) has issued a notification RBI/FIDD/2020-21/72 dated September 04, 2020 in relation to Master Directions – Priority Sector Lending (PSL) – Targets and Classification
Orders and Judgments Duration August 23, 2020- September 07, 2020
In the present case, Deccan contended before the Apex Court in appeal, that since the prayer in the suit is for cancellation of three “written instruments”, the proceeding under section being a proceeding in rem, would fall within one of the exceptions made out in Booz Allen & Hamilton
News and Updates Issue 44 Duration August 16-31, 2020
The Reserve Bank of India (RBI) has issued a Press Release dated August 18, 2020 inviting comments on the draft framework for recognition of a Self-Regulatory Organisation (SRO) for Payment System Operators
News & Updates Issue 43 Duration August 01-15, 2020
The Reserve Bank of India (RBI) has issued a notification RBI/2020-21/17 dated August 06, 2020 in relation to Micro, Small and Medium Enterprises (MSME) sector – restructuring of advances
Orders & Judgments Duration August 08-22, 2020
The Calcutta High Court (HC) has ruled that Indian courts have the power to grant Anti-Arbitration injunctions against foreign seated Arbitrations (Balasore Alloys Limited v. Medima LLC). The Judgement passed by the Court states, “… courts in India do
News & Updates Issue 42 Duration July 16-31, 2020
The Reserve Bank of India (RBI) has issued a notification RBI/2020-21/04 dated July 01, 2020, Master Circular – Detection and Impounding of Counterfeit Notes
Orders and Judgments Duration July 08-22, 2020
The Supreme court (SC) has observed that the High Court (HC) cannot appoint an Arbitrator ignoring the procedure prescribed in the Agreement between parties for such appointment
News and Updates Issue 41 Duration July 01-15, 2020
The Reserve Bank of India (RBI) has issued a notification RBI/2020-21/08 dated July 01, 2020, Master Circular – Scheme of Penalties for bank branches based on performance in rendering customer service to the members of public
Orders and Judgments Duration June 23, 2020-July 07, 2020
Delhi High Court (HC) has stayed the penalty imposed on an Insolvency Professional (IP) who allegedly violated the provisions of the Insolvency and Bankruptcy Code by going against the terms of the moratorium