April 08, 2023/ Bodhisattwa Majumder / Legal Industries Bodhisattwa Majumder is a dispute resolution lawyer who has been practicing in the Bombay High Court and Company Law Tribunals in matters of Corporate Insolvency Resolution Processes, Shareholder Disputes and Domestic and International Arbitration. To enforce the rights and liabilities under a contract before an Indian Court, it must be ensured that the contract adheres to the requirements under relevant stamping laws and laws relating to registration…
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SEBI’s Earnest Attempt for Linkage between LODR and Pit Regulations – Feeble or Effective?
November 30, 2023/ Nivedita Sharma/ Capital Markets and Securities Law Introduction – Laying Down Context Recently, SEBI released a consultation paper dated 18th May, 2023 (“Proposal”) on SEBI (Prohibition of Insider trading) Regulations, 2015 (“PIT Regulations”) which broadens the scope for unpublished price sensitive information (“UPSI”). Regulation 2(1)(n) of PIT Regulations defines…
The AI-Vengers Initiative: Revamping the Justice System with Predictive Analysis
October 8, 2023/ Aaditya Bajpai and Shreya Bajpai/ Technology Law Introduction It was revealed in 2016 that a United States (“US”) based law firm, Baker Hostetler, employed ROSS, the world’s first-ever robotic lawyer in the world. ROSS, a legal research robot built around IBM’s Watson cognitive computer, can collect data, make conclusions, and provide responses to a wide range of queries posed by attorneys. Chief Justice D.Y. Chandrachud stated that “Technology is here to stay…
Revisiting the Tussle between the Micro, Small and Medium Enterprises Development Act, 2006 and the Arbitration and Conciliation Act, 1996
April 10, 2023/ Harshit Yagi and Bhanu Pratap Samantaray/ Arbitration Law By Harshit Tyagi, a 3rd-year student of Symbiosis Law School, Nagpur and Bhanu Pratap Samantaray, a 4th-year student of National Law University, Orissa. INTRODUCTION In recent times, arbitration has emerged as a popular mode of Alternate Dispute Resolution (“ADR”). With a notable increase in the number of commercial transactions, both national and international, and growing businesses around the world, parties tend to choose arbitration as…
Unilateral Appointment of Arbitrator vis-à-vis Termination of Mandate
February 9, 2023/ Ashish Kumar and Urja Joshi/ Arbitration Law By Ashish Kumar and Urja Joshi. The authors are students at NMIMS School of Law, Bangalore. The Calcutta High Court (“Cal HC”) recently expounded the scope of Section 14(1)(a) of the Arbitration and Conciliation Act, 1996 (“1996 Act”) in the judgment of Yashovardhan Sinha HUF v. Satyatej Vyapaar Pvt. Ltd.[i] The Section 14 of the 1996 Act is as under: “Failure or impossibility to act.…