Suit in Relation to Immovable Property Used for Trade and Commerce Falls in the Category of “Commercial Suit”
The issue whether a civil suit filed for recovery of possession, arrears of rent and mesne profit for a rented commercial premises would be a commercial suit within the provisions of Section 2 (1) (c) (vii) of the Commercial Courts, Commercial Division and Commercial Appellate Division of High Courts Act, 2015 (Act, for short) came […]
A Different Prism for Trust and Retention Account Agreements to be Looked Through: Equity Contributions in Project Finance
Introduction In the first part of our three-part series of articles on different aspects of the trust and retention account agreements, we limited our analysis to the treatment/priority accorded to Government and Statutory Dues vis-à-vis the rights of the creditors. Continuing therefrom, in this second part, we have examined statutory and regulatory framework governing equity […]
A Blend between Ethics and Growth
With the world facing an ever-increasing environmental and social challenges, the thought process of investors has been showing a radical change – from being focussed on profits out of their prospective investments, to being more interested in where the profits are coming from. Companies are expected to “do the right thing” and contribute positively to […]