Challenges in commercial Contracts – Force Majeure, Indian & International Scenario and the learning

A Seminar was conducted by NIRC of ICAI on – “Challenges in commercial Contracts – Force Majeure, Indian & International Scenario and the learning” The following Topics were covered: – law on the subject – international response to the challenge – model contract clause suggested by International Chamber of Commerce – sample clauses in Power …

Application of IBC on Current COVID-19 Scenario

JUDICIAL RESPONSE:1. Suo moto cognizance by Hon’ble Supreme Court in WP(C) No. 03/2020 dated 23.03.2020: Under exercise of power conferred under Article 141 and 142, Extension of limitation period in all proceedings irrespective of the limitation prescribes or not under the General or special law whether condonable or not. 2. Suo moto cognizance by NCLAT …

Eye Share: Initiative to Issue Pending GST, Customs and Income-Tax Refunds Immediately – A Welcome Move

Amidst the COVID-19 crisis, Ministry of Finance (MoF) yesterday announced yet another relief measure to provide immediate respite to the individuals and the business entities. Govt. issued a press note stating that it shall issue all the pending refunds under Income tax, GST and Customs. Mr. Puneet Agrawal (Partner) along with Ms. Shuchi Agrawal (Manager, ALA Legal) comment that said …