No insolvency proceedings due to defaults during 25/3/2020 to 25/9/2020

The Hon’ble President of India, on 5th June 2020, promulgated the Insolvency & Bankruptcy Code (Amendment) Ordinance, 2020 vide notification no. CG-DL-E-05062020-219746. As per the ordinance, since the COVID-19 has impacted business, financial markets and economy all over the world, including India, and created uncertainty and stress for business for reasons beyond their control and […]

Whats new in the Epidemic Diseases (Amendment) Ordinance, 2020

The Hon’ble President of India , on 22nd April 2020, has promulgated the Epidemic Diseases (Amendment) Ordinance, 2020 further to amend the Epidemic Diseases Act, 1897. Applicability Earlier, the application of the act did not extend to territories which, immediately before the 1stNovember, 1956, were comprised in Part B States, however, now it does. Definitions […]

SC: CG notifies Insolvency and Bankruptcy Code (Amendment) Act, 2020

Central Government’s, the Ministry of Law and Justice, on 13th March 2020, vide Notification No. CG-DL-E-14032020-218654 in the Extra-ordinary Gazette of India, notified the the new Insolvency and Bankruptcy Code (Amendment) Act, 2020 vide which the Insolvency and Bankruptcy Code, 2016 has been amended further. Applicability It shall be deemed to have come into force […]

Recent major changes in the Arbitration and Conciliation Act, 1996

The Ministry of Law and Justice on 9thAugust 2019, notified the Arbitration and Conciliation (Amendment) Act, 2019. to further amend the Arbitration and Conciliation Act, 1996. Amendments Definition of “Arbitral Institution” After the amendment, a new term “Arbitral Institution” has been introduced in the Act which shall mean, an arbitral institution designated by the Supreme […]