The Electricity Act, 2003 ( “Electricity Act”) is a special act which governs the generation, distribution, transmission and trading of electricity among the stakeholders including the penalties, breach, payment, termination etc. Any dispute under the Electricity Act, CERC/ State Electricity Regulatory Commission(s) has been granted power for adjudication of disputes…
The Insolvency and Bankruptcy Code, 2016 (hereinafter referred to as the “IBC”) provides moratorium once an application for insolvency is filed under the provision of IBC and accepted by the National Company Law Tribunal (hereinafter referred to as NCLT). Post imposition of moratorium against the corporate debtor, halts the other…
The term ‘Forensic’ comes from the Latin word ‘forensis’, meaning ‘acceptable before the forum’. “Forensic” refers to something that is “qualified for a court of law”. Forensic Audit is an application of accounting, auditing, and investigative skills to examine financial records and transactions in legal contexts. Forensic Auditor serve as…
This article provides a comprehensive overview of term sheets in business transactions and investments, particularly in the Indian legal context. What is termsheet? A term sheet is fundamentally a non-binding document that outlines the basic terms and conditions of a potential business transaction or investment. While the passage romanticizes it…
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