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NSE scam: A wake up call for corporate governance
Global investors landing on Indian shores and Indian companies coming out with initial public offerings have underscored the need for better governance standards in companies.Global investors landing on Indian shores and Indian companies coming out with initial public offerings have underscored the need for better governance standards in companies.
Vasanth Rajasekaran and Harshvardhan Korada - 06-03-2022
Five Years Of IBC: A Promising Journey
At a time when India was struck with piling defaults in debt and the debt recovery laws were failing badly, it was realised that mere debt recovery would not address the damage being inflicted by the non-performing assets (NPAs). There was a pressing need for a pragmatic and long-lasting solution to address the NPA problem and ensure a healthy credit flow within the economy.
Vasanth Rajasekaran and Harshvardhan Korada - 22-02-2022
Indian Data Privacy Regime: Stuck In An Endless Loop?
A serious debate over the setting up of a data privacy law has been doing the rounds for more than half a decade now. India has gone through several twists and turns in the quest to build a data privacy law framework that matches other mature jurisdictions worldwide. However, the more India comes close to making a robust data privacy law, the more it appears to be becoming a Sisyphean task. This article highlights how we are stuck in an endless loop when it comes to formulating the data privacy law in India.
Vasanth Rajasekaran and Harshvardhan Korada - 22-02-2022
Implications Of The Maharashtra AAAR Order In Cummins India – ISD Vs Cross Charge
Maharashtra Appellate Authority for Advance Ruling ("AAAR") has recently passed on order in the matter of Cummins India which has intensified the already existing confusion between the concepts of 'Input Service Distributor' ("ISD") and Cross Charge. While ISD and cross charge are two different concepts, they have been confused as alternatives to each other from time and again because both these concepts essentially entail ITC of common input services and apportionment of the same across branch offices located in different states. Before discussing the facts of the Cummins India case and analysing the implications arising out of the MH AAAR decision, let us first understand how GST law defines these two concepts.
Aman Bansal and Jatin Arora - 21-02-2022