Brief Facts of the Case The petitioners, who were the suspended directors and authorized signatories of the company, issued six cheques on behalf of the company in compliance with an order passed by the National Consumer Disputes Redressal Commission (NCDRC)…
Background of the Case In a landmark ruling, the Delhi High Court addressed an important issue regarding the legal implications of insolvency proceedings on individuals associated with a company. The case examined the intersection of corporate insolvency and personal liability…
Introduction In simple words, mergers mean, when two or more companies merge to become a single entity, whereas acquisitions mean when one company acquires another company and then the acquired company becomes a subsidiary of this. The Companies Act of…
Understanding External Commercial Borrowings (ECBs) External Commercial Borrowings (ECBs) are loans that Indian entities secure from foreign lenders under prescribed conditions. These loans can take various forms, including bank loans, buyers’ credit, suppliers’ credit, or securitized instruments, and may be…
Introduction As India’s financial capital, Mumbai is a bustling metropolis filled with skyscrapers and vibrant commercial spaces. Among these, office spaces near malls have become particularly valuable due to their prime locations and convenient access to amenities. However, with the…
The Latest in the Adani Saga The Adani Group has found itself in the global spotlight yet again, this time under fire from the U.S. government. The conglomerate has been charged under the Foreign Corrupt Practices Act (FCPA) for allegedly…