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When Insolvency Substitutes for Real Estate Regulation
The real question is not whether homebuyers belong within the IBC. It is why insolvency law has become the institution through which failures of real estate regulation are increasingly corrected, and how long a regulator can keep failing before the statute quietly covering for it is mistaken for the solution.
Aditya Gyawali
2 days ago5 min read
When Veil Piercing Replaces Statutory Interpretation: The Unresolved Question in Alpha Corp v. GNIDA
The Supreme Court's judgment in Alpha Corp has been widely read as a homebuyer-protective ruling; that reading is accurate as far as it goes.
Kshitij Saruparia, Apeksha Kachhawaha
Aug 35 min read
Section 16(2)(c) Reaches the Supreme Court: What the Apex Court Must Decide and How
As the Gujarat HC correctly holds, Section 16(2)(c) of the CGST Act 2017 is not constitutionally infirm.
Daksh Kumar Bafna
Jul 316 min read
Reversing Rainbow Papers, Revealing New Risks: The CIIRP Gap in 2026 IBC Amendment
The effectiveness of CIIRP post-Amendment will ultimately depend upon preventing disruptive pre-insolvency enforcement that frustrates restructuring efforts.
Addepalli Aaditya Hridai, Prajjwal Pandey
Jul 225 min read
A Proceeding Divided Against Itself: The Bifurcation Holding in Dineshchand Surana and the Unresolved Fate of P Mohanraj
Until the three-judge bench rules, the operative position is Surana’s bifurcation, reached by a route the statute does not actually require.
Apeksha Kachhawaha, Kshitij Saruparia
Jul 196 min read
Clarification or Reversal: What Gameskraft Means for Regulated Industries
Gameskraft does not raise the question of whether clarificatory amendments are constitutionally permissible. They are, and this article does not argue otherwise. The issue is the absence of any rigorous gatekeeping before the label is applied.
Pawni Singh, Prikshit Rathore
Jul 186 min read
Pannalal's DLOM: Judicially Sanctioned Minority Expropriation?
Pannalal's blueprint has two structural failures firstly, no mandatory independent valuation for selective Section 66 reductions, and secondly, no genuine price discovery when those reductions target only public shareholders.
Devesh Sharma
Jul 36 min read
Nagaraj v. Mylandla: Transnational Issue Estoppel and the Enforcement of Foreign Awards in India
Nagaraj marks a significant step in favour of the enforcement of foreign arbitral awards in India by recognising transnational issue estoppel and limiting the re-litigation of issues already adjudicated by the seat court.
Avirah V Amprayil, Rishi Raj Rai
Jun 277 min read
Grandfathering is not a Shield: Tiger Global Case and the Conditional Protection of Legacy Investments
An important issue which needs further clarification is whether the clarification will have any retroactive effect in order to provide protection to the investors in cases where the proceedings are already initiated or under process in relation to prior years.
Sreevibhavan N
Jun 139 min read
Compliance Cul-de-Sac? Terrascope and the Missing Route for Bona Fide Business Pivots
Terrascope settles an important question and should be welcomed for reinforcing transparency as a foundational norm of securities regulation.
Vighnesh Kumar Sharma
Jun 76 min read
Guarantee or Mere Commercial Assurance? Impact on Recovery Process
Creditors and practitioners should take heed - when in doubt, draft guarantees clearly. Otherwise, as the ruling reflects, informal promises of support will not give creditors the “financial debt” status that they may seek under the Code.
Abdul Haseeb, Ayushi Yelimineti
Jun 67 min read
Designing Fair Tax Exemption Regime: Revisiting India's Public Body Fiscal Framework
The tax exemption analysis of Sections 10(46) and 10(46A) does not imply that it is a fiscal concession; rather, it functions under a wider framework that is founded on controlled tax governance, with exemptions given on a conditional, selective, and by executive notice.
Aman Singh, Kuldeep Kalundha
May 316 min read
Extending Arbitral Mandates Beyond Statutory Time Limits: The Velusamy Decision
The central question is whether the court can extend time after the statutory 18-month period has expired, even after an arbitral award has been rendered.
Haren Digga
May 316 min read
The Remedial Paradox in CCI v. WhatsApp: Losing on Leveraging May Produce Better Digital Competition Enforcement
NCLAT’s split outcome has paradoxically created a perpetual framework for WhatsApp that could prove to be more durable and effective than the CCI’s original prescription.
Pranshu
May 266 min read
Default and Discretion: Revisiting Insolvency Admission under Section 7 of IBC
This blog delves into the trusteeship decision, which enunciates that incomplete and informal restructuring discussions cannot be relied upon to hinder the statutory trigger of insolvency once debt and default are established.
Kavya Jindal, Roshan Kumar Behera
May 257 min read
The Limits of Corporate Democracy in Securities Fraud: SEBI v. Terrascope Ventures
What is left is the more difficult doctrinal task of defining where the illegality-irregularity line lies in less extreme situations, of offering a legitimate way of genuine fund-use variation in private placements, and of calibrating the range of the affected class of stakeholders.
Akashi Khandelwal
May 246 min read
CCI Jurisdiction Unaffected by Sectoral Regulation: The JioStar Case
The Kerala High Court's judgment, affirmed at the SLP stage, establishes that sectoral regulation does not displace CCI jurisdiction and that the Bharti Airtel sequential model is confined to cases where a sector regulator's prior determination is a necessary input to the competition analysis.
Saksham Sethi
May 246 min read
Why the IBC Prevails over the PMLA: Can Section 32A of IBC Sanitise Proceeds of Crime?
The author suggests that Section 32A protection should only be granted conditional to due diligence safeguards including cross-verification with the ED.
Ritwik Sharma
May 86 min read
What Counts as Property under the CIRP? The Spectrum Licence Conundrum
Court did not adequately discuss the provisions of the IBC to determine whether the spectrum license can be considered an asset and can be treated under the IBC.
Anushka Bhatt
May 26 min read
The Tiger Global Judgment and the Reassertion of Source-State Fiscal Sovereignty
Ultimately, Tiger Global will bring radical accountability to international investment law. The biggest question is whether unilateral source-country anti-abuse measures can be adopted within the existing treaty framework or whether renewed multilateral coordination is necessary.
Vedansh Raj
May 25 min read
Exclusionary Clauses and Party Autonomy: Re-Reading Bharat Drilling Through Beckfield Drilling
This referral raises a more foundational question in contract law and arbitration: what occupies a higher pedestal, absolute party autonomy or entitlement to a legal remedy upon breach?
Mansi Awasthi
Apr 256 min read
From Treaty Shield to Tax Scrutiny: Decoding the Tiger Global Case
This case will probably initiate closer examination in similar disputes, such as the case of Blackstone Capital Partners v. ACIT (Blackstone) before the Delhi High Court, and Sanofi Pasteur Holding v. Department of Revenue (Sanofi) case before Andhra Pradesh High Court.
Abhishek Pandey, Shriyansh Sameer Mishra
Apr 1910 min read
The Turned and Twisted Model Agreements in RERA: Analysing Deviations and Disputes in MahaRERA
Regardless of the power dynamics, this article has, simply put, argued for adherence to Rule 10 of the 2017 rules, Order 60/2024 of RERA, and the annexures thereof, containing the model AFS and model AL, and, in general, the RERA.
Ayush Mathur
Apr 186 min read
Before the Notice, after the Damage: Parallel Proceedings under CGST Act
The line between inquiry and proceedings should therefore be drawn not at the formal commencement of adjudication through a SCN, but at the point where the State deploys coercive power against the taxpayer.
Saahil Madan, Vaishnawi Sinha
Apr 117 min read
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