INDIA’S REAL ESTATE SECTOR IN THE GRIP OF INSOLVENCY CRISIS

India’s Real Estate Sector is currently facing a profound crisis marked by a surge in insolvency cases, according to the Insolvency and Bankruptcy Board of India (IBBI). Manufacturing sector stands at 40 percent, real estate at 21 percent, construction at 11 percent and trading at 10 percent of the surge. A major factor behind it is

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THE INTERPLAY BETWEEN PUBLIC POLICY AND ENFORCEMENT OF FOREIGN ARBITRAL AWARD

Realizing that arbitration can be a productive means settling of conflicts in a world growing more interconnected by the day, India has set out in recent years to establish itself as the worldwide centre of arbitration. Arbitration is a popular option for both domestic and foreign corporations because it provides parties with a flexible

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INDIA’S PRO-ARBITRATION PUSH: SUPREME COURT ELIMINATES STAMP DUTY ON FOREIGN AWARDS

The recent ruling by the Indian Supreme Court in the case of Shriram EPC Ltd vs Rioglass Solar SA (Shriram EPC case) solidifies India’s dedication to upholding international arbitration decisions, marking a significant shift in the country’s approach to arbitration enforcement. The legal dispute between the appellant and

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INDIA: A POTENTIAL RISING HUB FOR INTERNATIONAL ARBITRATION

In recent years, with the development of Asia, India has emerged as an active player in the field of international arbitration. Interestingly, India was one of the first few countries to be a signatory of the New York Convention in 1960. Yet the nation was historically perceived as a country that prioritizes litigation; the nation has experienced notable.

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SUPREME COURT FINES MADHYA PRADESH GOVERNMENT FOR DENYING APPOINTMENT TO TEACHER

In a recent decision, the Supreme Court of India recently imposed a fine of ₹10,00,000 (Ten Lakh Rupees) on the Madhya Pradesh Government for disobeying a High Court order and unjustly denying a valid appointment to a 'Samvida Shikshak' (contract teacher). The ruling is a significant affirmation of the judiciary's commitment to ensuring lawful entitlements and holding government officials accountable for their actions.

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