DELHI HIGH COURT REJECTS TENANT’S CLAIM FOR SUSPENSION OF RENT DUE TO COVID-19 LOCKDOWN BUT ALLOWS SCOPE FOR POSTPONEMENT OF PAYMENT

The Covid-19 pandemic has had large-scale implications for human life and as the impact of the pandemic Covid-19 builds by the day, the consequences of the lockdown imposed by the Government has been bringing into focus the implications on the contractual obligations, especially that of lessors and lessees. The pressing concern of whether the lockdown...

STEPS OF SC IN CURBING UNNECESSARY FAKE NEWS

The Hon’ble Supreme Court of India in its recent judgment given jointly in Alakh Alok Srivastava Vs. Union of India in WP (Civil) No. 468/2020 and in WP (Civil) No. 469/2020, categorically pointed out the steps taken by Central Government and various State Governments/Union Territories to set up relief camps to house the Migrant Laborers...

GUIDELINES FOR COURT FUNCTIONING THROUGH VIDEO CONFERENCING

Adoption of measures with regards to social distancing continues on a very serious note in the country and the Indian Judiciary has taken cognizance of the same by interceding and putting in place certain directions with regards to its functioning.One’s access to justice still remains fundamental as envisaged by the principles of democracy as laid...

THE IMPACT OF COVID-19 ON LESSOR/LESSEE OBLIGATIONS

As the impact of the pandemic Covid-19 builds by the day, the consequences of the lockdown imposed by the Government is bringing into focus the implications on the contractual obligations, especially that of lessors and lessees. Would a force majeure clause excuse parties from performing their obligations or from doing so on time during this...

THRESHOLD RAISE AMIDST COVID 19- A RELIEF TO MSMEs

THRESHOLD RAISE AMIDST COVID 19- A RELIEF TO MSMEs  [1] [1] Anant Merathia, Rishi Srinivas & Dhanisha Giri., Advocates. With an intention to expedite and simplify the process of Insolvency and Bankruptcy proceedings in India and to ensure the existence of a time bound process and stressing on the importance of revival of Stressed Assets,...

TEMPORARY COVID-19 MEASURES – SINGAPORE

The Ministry of Law Singapore, intends to produce a Bill in its Parliament with regard to Temporary relief for Inability to Perform Contractual Obligations under COVID-19. The Bill will prohibit a contracting party from taking the following legal actions against a non-performing party: Court and insolvency proceedings;Enforcement of security over immovable property as well as...

Increase of insolvency trigger threshold amidst COVID-19 & its impact for stakeholders

In view of the outbreak of the pandemic Covid-19 affecting businesses and economies globally, and in light of the nationwide lock down in India due to the same, the Finance Ministry of India on 24.03.2020 had announced certain specific reliefs packages for companies under the Companies Act 2013 as well as the Insolvency and Bankruptcy...

NCLAT BENCH – CHENNAI – SOME FAQ’s

By Anant Merathia, Advocate, Chennai[1] The Ministry of Corporate Affairs (MCA) in a very relevant measure has announced the setting up of a Bench of the Hon’ble National Company Law Appellate Tribunal (NCLAT) Bench at Chennai a few days ago. This was done by the Ministry’s notification dated 13th March 2020, notifying this constitution of...