The Prevention of Money Laundering Act (PMLA), 2002 is one of the most controversial special penal statute enacted in India, among others namely, Defence of India Act, 1962; Unlawful Activities (Prevention) Act, 1967; Maintenance of Internal Security Act, 1971; Terrorists and Disruptive Activities (Prevention) Act, 1987; and Prevention of Terrorism [...]
Introduction With the advent of globalization towards the end of the 20th century, the world has become seemingly compact, with geographical borders getting more and more blurred by the day. In the current era of widespread international trade, innovation is key in sustaining your business venture. This is exactly where [...]
In India, the legal framework governing insolvency and bankruptcy has undergone significant changes with the introduction of the Insolvency and Bankruptcy Code (IBC) in 2016. One of the critical aspects of this framework is the treatment of secured creditors in resolution plans. The ability of resolution plans to extinguish the [...]
Introduction In a constantly evolving world, one phenomenon which seems to have remained unchanged is human mobility. The world has been witnessing increased human movement, which can be attributed to multiple needs varying from person to person; mainly a better lifestyle, education, working conditions, and most importantly, a sense of [...]
Third-party funding (TPF) refers to an arrangement between a litigant and independent third party for financing the dispute resolution process, wherein it is mutually agreed that in an event of success, the third-party would get a share of the monetary award or damages received by the litigant, out of the [...]
Introduction Banks have always been an integral part of the global financial system. However, fintech companies have steadily taken over the scene, which can be contributed to multiple factors such as digitalization, declining trust in the banking system, easy access to funding, and the increasing popularity of start-ups and tech-backed [...]
The tragic saga of Nirmal Singh Bhangoo, who met his end under circumstances eerily reminiscent to the infamous Harshad Mehta, brings to light profound issues persistent in investigation agencies, judicial systemand correctional institutions. Bhangoo’s demise serves as a grim reminder of the persistent inefficiencies and systemic flaws. The Bhangoo-Mehta Parallels [...]
Introduction If we talk about innovation in the recent years, Artificial Intelligence (AI) is perhaps the first thing that comes to mind. It is revolutionising traditional practices and models in real time, and is truly a disruptor in every sense. With the ever expanding presence of generative AI bots like [...]
Since designated as the protector and custodian of the Indian Constitution, India’s judiciary has played a critical role in the country’s political and economic development. The Indian judiciary serves as a watchdog against violations of fundamental rights guaranteed by the Constitution, protecting all people, Indians and non-Indians alike, from discrimination, [...]
Introduction It is undeniable that the onset of the Covid-19 pandemic ushered in a new era of remote work, subsequently leading to a significant shift in the traditional office landscape. The ability to work from anywhere as long as you have a laptop and an internet connection has paved the [...]