News & Insights

While the Union Budget for Financial Year 2025-26 (���2025 Budget�۝) was successful in drawing attention of the whole nation through the personal tax exemption on incomes up to ��_12 lakh under the new tax regime [1], a critical announcement pertaining to the insurance sector was eclipsed. The 2025 Budget also introduced a key reform to reshape the ownership structure of the Indian insurance industry.

The Insolvency and Bankruptcy Code, 2016 (���IBC�۝), has emerged as a cornerstone for resolving corporate insolvency in India. Among its provisions, the applicability and scope of Section 12A, which permits withdrawal of insolvency applications, has been the focal point of debate, especially concerning its applicability once liquidation proceedings commence.

The Telangana Land Reforms (Ceiling on Agricultural Holdings) Act, 1973 (���TS Act�۝), was a legislative measure aimed at limiting the maximum amount of agricultural land that could be owned by an individual or family in the state of Telangana.

Arbitration is the most preferred mode of dispute resolution in shipping industry. The Charterparty and Bill of Lading (���B/L�۝) are the principal documents which often are the subject matter of dispute.