The Chhattisgarh High Court in the case of Neelkanth @ Neelu Nagesh vs. State of Chhattisgarh, handed down a historic ruling that addressed horrendous acts that tremble conscience of society. The ruling highlights the legal loopholes pertaining to crimes against deceased people in addition
In the case of Bijoy kumar Moni v. Paresh Manna & Anr. in February 2006, the complainant, lent Rs. 7,00,000 through a bearer cheque and subsequently Rs. 1,45,000 in cash to the accused. In repayment, the accused issued a cheque for Rs. 8,45,000 drawn on the account of Shilabati Hospital
In the case between M/S Arif Azim Co Ltd v. M/S Aptech Ltd, in an effort to establish India as a center for arbitration, Indian superior courts have approved the strict timelines for the several phases of arbitration procedures. Safeguards must be put in place, nevertheless, to
A Project Office (“PO”) refers to a place of business that is established in India to represent the interests of a foreign company executing a project. Such offices are prohibited from carrying on any activity other than those which relates to the execution of the project for which such office is established
A Special Purpose Vehicle (“SPV") is a separate legal entity formed by an organization with its business and legal status, assets, and liabilities. They are generally designed with a specific goal in mind often to mitigate the financial risk. SPV is often used in structured finance transactions including securitizations, joint ventures, and real estate transactions. The main feature of an SPV is that it has a separate balance sheet from the parent business. SPV is protected from the parent company's insolvency and are permitted to function lawfully on designated assets. The SPV activities are restricted to funding and acquiring the project or real estate asset. SPV can raise capital by issuing shares. It offers flexibility to create multiple types of shares for effective control. Moreover, holding property through an SPV means that the property and the related contracts can be sold through an isolated vehicle avoiding the complexities of extensive contracts, licensing, Government approval, Complicated contract negotiations, and most importantly tax benefits.
India, with its status as one of the world’s largest consumer markets and a thriving global economy, is a highly attractive destination for companies worldwide looking to invest and establish business operations. As a rapidly developing economy, India presents an appealin
A Special Purpose Vehicle (“SPV”), also known as a Special Purpose Entity (“SPE”), is a legally distinct entity established to fulfill a specific purpose. These entities are widely used in sectors such as finance, infrastructure, and real estate due to their ability to isolate financial risk and achieve specific
A Special Purpose Vehicle (“SPV”) is a distinct legal entity established by an organization for a particular activity or business goal. It has independent assets and liabilities and is a separate subsidiary business. It functions separately from the parent company.
The case of Zeeshan Haider v. Directorate of Enforcement is a significant legal dispute that highlights the intricate relationship between individual rights and enforcement agencies in India. Due to the seriousness of the allegations, lower courts originally rejected the…
In case Navratan Lal Sharma versus Radha Mohan Sharma & Ors. said the details in the initiated the between the two parties compromise, which was recorded by the court under Order 23 Rule 3 of the Civil Procedure Code (“CPC”), 1908 . However, one of the parties did not follow the terms