News & Insights

There is a rising trend of litigants approaching the state High Courts across India thereby invoking its inherent powers under Article 226 and supervisory jurisdiction under Article 227 of the Constitution of India for challenging orders passed by arbitral tribunals.

The provisions of the Negotiable Instruments Act, 1881 (���Act�۝), seek to regulate the privileges provided to certain mercantile instruments and provide the special procedure to be followed in case the obligation under the instrument was not met.

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.