PRIRP for MSME Sector: Revisiting the scope of resolution applicants Under Section 29A

In this post the author discusses the Pre-Packaged Insolvency Resolution Process (PRIRP) introduced recently by the government for MSMEs with a minimum default of Rs. 10 lakh and a maximum of Rs. 1 Crore. The author presents an analysis of the various statutes and legal provisions that come into play and suggests changes to facilitate the process for smoother insolvency resolution. Continue reading PRIRP for MSME Sector: Revisiting the scope of resolution applicants Under Section 29A

Time To Play Fair Vis-a-Vis Spotify vs Apple

In this post the authors discuss the recent investigation by the European Commission in the matter of Spotify v. Apple, which has resurfaced the issue of the dominance established by the few Big Technologies. Efforts made by the competition regulators in European Union, the United States, United Kingdom and India to reduce this Big Tech dominance have so far been abortive. This article delves into the unsolved ambiguities in this area in the backdrop of the Spotify v. Apple case. Continue reading Time To Play Fair Vis-a-Vis Spotify vs Apple

Independent Directors: Demystifying Annotated Notions of Liability and Ethics

By: Dhruva Sareen An independent director (hereinafter ‘ID’) is that member of the company’s Board of Directors (Board) who is independent from the management in the context of any pecuniary or managerial control. As was put by the Naresh Chandra Committee Report (NCC Report) – a board packed by executive directors, or friends of the promoter or CEO, can hardly be expected to exercise independent … Continue reading Independent Directors: Demystifying Annotated Notions of Liability and Ethics