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Arbitration Clause Supersedes Exclusive Jurisdiction Clause
1. OverviewRecently, the Delhi High Court delivered a significant judgment in the matter of M/s KLA Const. Technologies Pvt. Ltd. vs M/s Gulshan Homz Private Limited (Arbitration Petition No. 90 of 20...
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Bombay High Court Ruling on the Legality of Mortgages Contravening Lease Deed Provisions
Overview of the DecisionThe Bombay High Court, in the case of Maharashtra Industrial Development Corporation v. Union Bank of India (Writ Petition No.1930 of 2011, dated May 26, 2025), clarified that...
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Employment Bonds and Post-Employment Non-Compete Clauses: Insights from the Vijaya Bank Judgment
OverviewOn May 14, 2025, the Supreme Court of India delivered a landmark decision in Vijaya Bank & Anr. v. Prashant B. Narnaware (2025 INSC 691), clarifying the legal standing of employment bonds vers...
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Re-examining Minimum Service Clauses and the Legality of Employment Bonds in India: Insights from the Supreme Court’s 2025 Decision in Vijaya Bank v. Prashant B. Narnaware
Introduction: Employment Bonds and Their Legal Standing in IndiaThe Supreme Court of India, in its recent pronouncement in Vijaya Bank & Anr. v. Prashant B. Narnaware (decided May 14, 2025), addressed...
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Key Aspects to Review in a Job Offer Letter
A job offer letter is a formal document issued to a successful candidate after completion of the organization's recruitment process. This letter communicates the terms and conditions of employment, se...
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Intex Technologies v. Rugby Renergy: Key Takeaways on Structuring Consideration in Indian Commercial Contracts
Introduction: The Importance of Definite Consideration in Indian Contract LawThe Delhi High Court’s decision in Intex Technologies India Ltd. v. Rugby Renergy Pvt. Ltd., 2024 SCC OnLine Del 1376, has...
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Analysis of Employment Bonds in India: Legal Perspective and Practical Implications
IntroductionEmployment bonds, which require employees to remain with their employer for a specified duration or pay a predetermined sum for early departure, have long been a subject of legal scrutiny...
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Arbitration in MSE Payment Disputes: Legal Framework and Judicial Responses
Introduction: Ensuring Timely Payments for MSEsTimely receipt of payments is crucial for the Micro and Small Enterprises (MSEs) sector, as any delay can significantly impact their operations and finan...
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Safeguarding Corporate Rights: Forfeiture of Gratuity for Employee Misconduct Without Requirement of Criminal Conviction
OverviewIn February 2025, the Supreme Court of India, in the landmark case of Western Coal Fields Ltd. v. Manohar Govinda Fulzele (2025 SCC OnLine SC 345), evaluated whether an employer can lawfully f...
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Failure to Appoint a Woman Director: Ministry of Corporate Affairs Levies ₹4.85 Lakh Fine
1. IntroductionThe Ministry of Corporate Affairs (MCA) of the Government of India has taken action against Shankar Packagings Limited due to its non-compliance with Section 149(1) of the Companies Act...
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Finance Minister to launch NPS Vatsalya Scheme on September 18, 2024
On September 18, 2024, Union Finance Minister Nirmala Sitharaman will officially launch the NPS Vatsalya scheme in New Delhi, with simultaneous events at nearly 75 locations across India. This initiat...
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Educational Loan Facility to ICSI Students by Canara Bank
Canara Bank is providing educational loan facilities to students of the Institute of Company Secretaries of India (ICSI). The loans offer several benefits, including no collateral requirement for amou...
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PMJDY Completes 10 Years: Key Achievements and Impact
The Pradhan Mantri Jan Dhan Yojana (PMJDY), launched in 2014, marks its tenth year as the world’s largest financial inclusion initiative. Since its inception, over 53 crore beneficiaries have been bro...
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Mandatory additional qualifiers in import declarations in respect of coking/ non-coking coal
The Central Board of Indirect Taxes & Customs is seeking suggestions from stakeholders regarding proposed mandatory additional qualifiers for import declarations of coking and non-coking coal. Effecti...
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Information published online cannot be considered under control of public authority: IBBI
The Insolvency and Bankruptcy Board of India (IBBI) has dismissed an appeal filed by R. Ramachandra against the Central Public Information Officer (CPIO) regarding the availability of information unde...
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Process of Food License Registration in India
Navigating the Process of Food License Registration in IndiaThe Food Safety and Standards Authority of India (FSSAI), under the Ministry of Health and Family Welfare, has introduced a streamlined onli...
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Guidelines for Committee of Creditors by IBBI
The Insolvency and Bankruptcy Board of India (IBBI) has issued guidelines to streamline the operations of the Committee of Creditors (CoC) under the Insolvency and Bankruptcy Code, 2016. These guideli...
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Startup India Registration: A Comprehensive Guide
IntroductionThe Startup India initiative, launched on January 16, 2016, by the Department of Promotion of Industry and Internal Trade, provides a plethora of benefits to eligible startups, including t...
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Intercorporate Investment and Loans under Companies Act, 2013
OverviewSection 186 of the Companies Act, 2013 regulates intercorporate transactions, specifying restrictions and limitations on loans, guarantees, and securities acquisitions among corporate entities...
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LLP Rules 2024 Amendment: Streamlining Dissolution Procedures
The Ministry of Corporate Affairs has introduced significant changes to the Limited Liability Partnership (LLP) Rules 2009, specifically Rule 37, through the Limited Liability Partnership (Amendment)...