Will pre-packages arrest delays and speed up distressed deals in India?
Background Micro, Small, and Medium Scale Enterprises (“MSMEs”) have faced a lot of hardships and financial stress during the Covid19 pandemic. The...
Why deal term sheets should not be taken lightly
On February 15, 2021, an arbitral tribunal (the “Tribunal”) issued an award in a dispute between Zostel Hospitality Private Limited (“Zostel”) and...
Supreme Court settles debate on moratorium under insolvency code for cheque dishonor cases
Background and Issue Whether the initiation of insolvency proceedings under the Insolvency and Bankruptcy Code, 2016 (IBC) imposes a moratorium on...
The importance of share valuation report in Indian transactions
In two interesting cases, one from the Delhi High Court and the other from the Chennai Income Tax Appellate Tribunal (the “Chennai ITAT”), the...
India’s Supreme Court settles dispute on royalty tax withholding in India
With regard to an over two-decade-old software royalty tax dispute, India’s Supreme Court (“SC”) has ruled that software payments made by Indian...
New rules for digital media intermediaries: how far is too far?
Background On February 25, 2021, the Indian government unveiled the Information Technology (Guidelines for Intermediaries and Digital Media Ethics...