Analysis & Impact of Rainbow Papers Judgment

Background: Recovery proceedings were initiated before commencement of CIRP but the attachment was made during CIRP period. The claim was filed by the department beyond time and was not admitted by the RP and the same was challenged before NCLT. The claim was rejected by [...]

Read more...

Oppression & Mismanagement under the Companies Act, 2013

This article deals with aspects relating to Oppression and Mismanagement under the Companies Act, 2013. Though the Act per se does not define the terms ‘oppression’ and ‘mismanagement’, the general meaning of both the terms is considered for all practical purposes. The meaning of ‘Oppression’, with respect to minority [...]

Read more...

Invocation of Force Majeure in Commercial Contracts

COVID-19 has been declared as a pandemic by the World Health Organisation. Pursuant thereto, the Ministry of Health and Family Welfare has issued an advisory on social distancing, w.r.t. mass gathering and has put travel restrictions to prevent spreading of COVID-19. On 19th February, 2020, vide an Office Memorandum [...]

Read more...
 

As per the rules of The Bar council of India, we are not permitted to solicit work and advertise in any form or manner. By accessing the website of AAK Legal you acknowledge and confirm that you are obtaining information out of your own accord and there has been no solicitation of any kind whatsoever from AAK Legal to create a professional relationship through the website of AAK Legal.