Supertech Insolvency Proceedings Against Debtor More than 10,000 home buyers have not yet received possession of their hard-earned flats by the Supertech group. This is all you need to know about the whole case. The Supertech Group is a reputed real estate development firm. Insolvency Proceedings: One of the financial creditors of Suprectech Ltd., Union Bank, filed a petition before the National Company Law Tribunal under Section 7 of the Insolvency and Bankruptcy Code, 2016 to initiate an insolvency resolution proceeding against Supertech. Section 7 gives the power to a financial credito ..read more

Compliance and Control in The Ecommerce Industry The eCommerce industry in India is a burgeoning business that is taking the Indian e-commerce market by storm. With increasing integration and usage in the economy, the government is trying to concoct compliance schemes that will help regulate the sector. The proposed amendments to the Consumer Protection Act reveal the government’s penchant and willingness to intensify its scrutiny and intervention in India’s burgeoning e-commerce business which might give fair competition to its global peers. With the introduction of new changes in the e-comme ..read more

What is Crypto Currency? Crypto currency is a type of digital currency which uses secure communication called cryptography and verifies the transactions by a decentralized system. Crypto currencies are digital assets that don’t have any regulating authority. However, the decentralized system records all crypto money transactions and issues new units. Crypto Currency and The Information Age Due to the old trickery of events, individuals are usually seen accepting the old tricks and concepts as simply “the way things are.” However, the same individuals, in the changing world order, use their pre ..read more

Nationalization of Banks in Comparison to Covid Effects If there are two things that have grabbed the political attention of the masses in India, it has to be the odious covid-19 pandemic that ravaged the already battered economy and the nationalization of the public assets. Public assets, time and again have been a touchy subject for the masses of India. This is especially is true given the widespread notion or belief that government assets are invariably and emphatically public assets. The government assets have been the talk of the town for two specific reasons. First is the selling off of ..read more

Understanding The Unilateral Appointment of Arbitrator The whispers, arbitrariness, and confusion surrounding the topic of unilaterally appointing an arbitrator have been put to rest by the Delhi high court. The Court has emphatically and effectively stated that no party is allowed or could specifically be permitted to unilaterally appoint an Arbitrator. The aforementioned judgment is based on the rationale that such an attempt to appoint an arbitrator will significantly defeat the purpose of unbiased adjudication in the state of a dispute between the parties. Though it is to be noted here th ..read more

What if the wage gap means everyone earns less? Wage Gap Pay transparency has been a contentious issue for managers around the world. Companies, including Starbucks, whole foods, and many more have been scrutinizing the raging problems by touting their pay transparency policies as an effective means of ensuring fairness in the workplace. It is no news that pay transparency is a touchy topic for employees, especially when gender and race are involved. Thus, conscious steps to avoid such irregularities have gained top priority for many top-notch firms. But, as it odiously turns out in many case ..read more

Universal basic income: UBI’s time has come Many might vehemently argue that universal basic income should be a reality throughout. Though such a basic income model is much operated and hyped in the socialistic culture, the capitalistic economy seems to deny such rights to its citizens quite vehemently. Though one can state that the combined advantages of anarchism and socialism can make the world of universal basic income come true, such a theory is yet to be tested to confirm its validity. The topic of universal basic income has garnered much attention in recent times due to the pandemic. T ..read more

Tightening the screws: what the RBI’s new PCA framework means for large NBFCs RBI and PCA are on their newer pursuit of correcting the discrepancies in the Indian financial sector. Only now, RBI is after the NBFCs in the financial sector which are usually overlooked and underappreciated. The last prompt corrective action initiated by the RBI was against the cooperative banks in the financial year 2002. In the financial year 2021, we will effectively witness India’s central bank releasing a comprehensive prompt corrective action framework for the non-banking finance companies with the aim to st ..read more

Taxation Laws, and What’s The Tax Likely to Be in 2022 The topic that has been much debated has been the taxation laws around the world. A central theme pertaining to the tax policies of the current dispensation is on the agenda which will be addressed diligently to contain ambiguities in the income-tax laws. This is necessary and welcomed as such ambiguity has many a time contend tax disputes between parties which are seldom appreciable. To this end, two amendments in the financial year 2021 hold great and significant prominence. This has brought many changes at the administrative front, whe ..read more

Taxation Laws, and What’s The Tax Likely to Be in 2022 The topic that has been much debated has been the taxation laws around the world. A central theme pertaining to the tax policies of the current dispensation is on the agenda which will be addressed diligently to contain ambiguities in the income-tax laws. This is necessary and welcomed as such ambiguity has many a time contend tax disputes between parties which are seldom appreciable. To this end, two amendments in the financial year 2021 hold great and significant prominence. This has brought many changes at the administrative front, whe ..read more