Merger and acquisition of the undertaking of Banking Companies in India

INTRODUCTION Banking companies play a leading role in stimulating and stabilizing the growth of an economy of a country, hence failure of banks have a great impact than the failure of firms in other sectors. As a result, banks are subject to more intense regulations than in any other sectors and the state is more […]

Tamil Nadu Combined Development And Building Rules, 2019: An Insight

INTRODUCTION: On February 2, 2019, the Tamil Nadu government notified the Tamil Nadu Combined Development and Building Rules, 2019 (“Rules”) that revised the existing rules under the Tamil Nadu Town and Country Planning Act, 1971 (“TN Act”) and combined the development regulations of the Chennai Metropolitan Development Authority (“CMDA”) and the regulations for the rest […]

TRAI And Distributed Ledger Technology

Blockchain is an incredible invention which has the potential to change the world in the way that it functions now. Blockchain allows information to be used and distributed but not copied. “The blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of […]

Exception to Limitation Act in an IBC process

A division bench of the NCLT Mumbai in its recent judgement in the case of TJSB Sahakari Bank Ltd. Vs. M/s. Unimetal Castings Ltd.[1] has held that, a debt that is barred by limitation can be proceeded against under provisions of the Insolvency and Bankruptcy Code (IBC), 2016 if it is evident that the debt […]