Sarthak Law
The Insolvency and Bankruptcy Code (Amendment) Bill, 2021 which replaces the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021 has been passed by both Houses of Parliament. The bill further amends the Insolvency and Bankruptcy Code, 2016, by inter alia, introducing Prepacked Insolvency Resolution Process (PPIRP) for micro, small and medium enterprises (MSMEs). The proposed amendment enables the government to notify…
The Asian International Arbitration Centre has revised its Arbitration Rules. The revised rules have come into effect from 1st August 2021. The revised rules can be accessed here. The Appeal filed by the Indian Government against the decision of the International Arbitration Tribunal granting an award of Rs. 22,100 crore to Vodafona in the retrospective tax dispute would be heard by the Singapore International Commercial Court (SICC)…