The Arbitration and Conciliation Act, 1996 (“Act”) is a relatively new and incomplete piece of law in itself. The Act does not comprehend various arbitration-related aspects, especially the various scenarios post setting aside arbitration award. In the case of Jagdish Kishinchand Valecha vs. SREI Equipment Finance Limited and Anr.[1], a unique question related to re-initiation […]

It has been a highly debated question among the legal fraternity whether two Indian parties can choose to have an arbitration outside India. High Courts have expressed different opinions on this question. In the case of Sasan Power Limited vs. North American Coal Corporation India Pvt. Ltd[[1]], the Madhya Pradesh High Court had allowed two […]

Laws Applicable on Valuation Professional in India The valuation profession in India dates back to pre-independence-era. The valuation professionals render their services by providing the value of any asset, in a particular context. Such professionals cater their services to their customers as required under various laws such as company law, banking law, tax law, insolvency […]

The world economy is grappled with adverse outcomes of the Corona pandemic and the Indian economy is not an exception to it. Indian economy is reeling under huge distress, firstly due to demonetization, then poor implementation of the GST reforms followed by the prolonged economic slowdown and now the blow of COVID-19 which is going […]

In India, the residential status of a person plays a vital role in determining the taxability of income of any person. The Income Tax Act, 1961 follows the residence-based taxation system wherein the income is taxed on the basis of the residential status of the taxpayer. Contrary to the popular notion that taking up of […]