Legal Tightrope within stamping: Analyzing admissibility of unregistered agreement in light of Paul Rubber Industries

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 of a contract. In the event the contract fails to adhere to such requirements, the court in all probabilities will not take cognizance of such a document or the rights arising out of the same. Therefore, there is an impediment to the…

SEBI’s Earnest Attempt for Linkage between LODR and Pit Regulations – Feeble or Effective?

Posted on 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on SEBI (Prohibition of Insider trading) Regulations, 2015 (“PIT Regulations”) which broadens the scope for unpublished price sensitive information (“UPSI”).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 UPSI as “any information, directly or indirectly related to a company or its securities, that is not generally available and is likely to materially affect the securities’…

The AI-Vengers Initiative: Revamping the Justice System with Predictive Analysis

Posted on October 8, 2023/ Aaditya Bajpai and Shreya Bajpai/ Posted in 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…

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…

Unilateral Appointment of Arbitrator vis-à-vis Termination of Mandate

Posted on February 9, 2023/ Ashish Kumar and Urja Joshi/ Posted in 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…