Claim Period and Enforcement Period in Bank Guarantees

A 6-minute read by Manasvini Vyas, an NLU-O graduate currently practicing in Mumbai On 28 July 2021, the Delhi High Court in the case of Larsen & Toubro Limited vs. Punjab National Bank passed a landmark ruling clarifying the scope of exception 3 of section 28 of the Indian Contract Act 1872 (ICA). The order passed by a…

Determination of the Status of A Creditor: Artificial Wisdom of the Committee of Creditors

A 4-minute read by Arihant Jain, a fourth-year student of Nirma University The National Company Law Appellate Tribunal (‘NCLAT’) on 18.12.20 in the case of Rajnish Jain v. BVN Traders and ors (‘Rajnish Jain’)held that the Committee of Creditors (‘CoC’) constituted under Section 21 of the Insolvency and Bankruptcy IBC, 2016 (‘IBC’) cannot determine the status of a creditor…

Cryptocurrency And Dispute Resolution

A 6-minute read by Priya Agarwal, a student of the fIfth-year at RMLNLU, Lucknow and Riya Agarwal, a student of the fourth-year at VIPS, IP University, Delhi.