The ongoing Pandemic has brought havoc like situation in all sectors. The same is the condition of the Banking sector as well. RBI has provided certain relaxations but there still remains a question for all those people who are facing a trouble with the default in loans. And the reason for such troublesome situation is: […]
1. Meaning Force majeure’, also called ‘vis majeure’ meaning ‘superior force’ which refers to an unforeseen event or condition which occurs beyond the control of the parties to a contract, and hence the parties are prevented from performing their obligations arising out of that contract. 2. Events qualifying as force majeure Force majeure events typically […]
Learn about the validity of under-stamped or non-stamped instruments/documents. Find out how these documents can be made admissible and valid under the law.
Introduction: Mediation is one of the most discussed mechanism of dispute resolution in our country. But due to the lack of express legislation on this point, it remains just discussed and less applicable. We have some laws that promote mediation of disputes but there is no specific legislation to this point. The success of this […]
Introduction: With the developments all around, the need and discussion for virtual currency is witnessing a huge demand all around the globe. For our understanding it is to be noted that a virtual currency has no physical form, and it does not provide its owner with any inherent rights to property or another currency. Traditionally, […]
Trade and commerce is one of the important aspects to determine the development of a nation as it helps to enhance and build up a strong economy. But in quite a few months the world has witnessed a huge downfall in the economy as the ongoing pandemic had a great impact on trade and commerce worldwide.
Section 34 of the Arbitration and Conciliation Act, 1996 (Act) provides for setting aside of an arbitral award by making an application to the Court, on the grounds stated therein. It would not be wrong to say that section 34 of the Act has evolved since 1996 to what we read today. This evolution can […]
The lack of an express legislation has always embarked a debate surrounding the issue of double taxation. Taxes are a compulsory imposition but by virtue of the constitution of India, taxes can only be imposed by the force of law. The presence of Article 265 of the constitution gives a statutory recognition to taxability.
