Articles and Updates

• Vasanth Rajasekaran and Reshma Ravipati - 04-02-2020

There have been several sweeping developments in the law of arbitration in India, through judicial pronouncements in 2019. Indian courts have moved back and forth; at times even reviving old legal positions to restore and reiterate the core objectives of arbitration. We have seen one such instance in the recent past.

• Saket Shukla, Akshay Sachthey, and Maryam Naaz Quadri - 31-01-2020

The Finance Minister of India has one of the least enviable jobs in the country at the moment. With GDP growth on the decline and other macro-economic indicators not suggesting a quick recovery, Ms. Sitharaman has her task cut out. She is set to present the Union Budget for 2020 which is likely to face close scrutiny and will indicate the approach that the Modi government proposes to take to address the current, rather stubborn, economic downturn.

• Debarshi Dutta and Rajat Pradhan - 27-01-2020

The UAE Notification has breathed in fresh air in Article XV of the UAE Agreement which provides that India and UAE shall in accordance with its laws, recognize and execute decrees passed by each other's courts in civil, commercial and personal matters etc.

• Sawant Singh and Neha Naik and Madhavi Doshi - 21-01-2020

After a battle that lasted approximately 900 days, the Supreme Court of India in the case of Committee of Creditors of Essar Steel India Limited through Authorised Signatory v. Satish Kumar Gupta, paved the way for ArcelorMittal to take over Essar Steel Ltd.('Essar') by upholding the primacy of the Committee of Creditors ('CoC') in distribution of funds of INR 42,000 crore received under the resolution plan submitted by ArcelorMittal.

• Sawant Singh and Neha Naik and Madhavi Doshi - 21-01-2020

After a battle that lasted approximately 900 days, the Supreme Court of India in the case of Committee of Creditors of Essar Steel India Limited through Authorised Signatory v. Satish Kumar Gupta, paved the way for ArcelorMittal to take over Essar Steel Ltd.('Essar') by upholding the primacy of the Committee of Creditors ('CoC') in distribution of funds of INR 42,000 crore received under the resolution plan submitted by ArcelorMittal.