by admin | Jan 13, 2025 | Updates
Introduction: Arbitration is a widely recognized alternative dispute resolution (ADR) method where parties submit disputes to a neutral arbitrator for a binding decision based on evidence, contract terms, and laws. Section 34 of the Arbitration and Conciliation Act,...
by admin | Jan 13, 2025 | Updates
Introduction: An arbitration agreement reflects the mutual consent of parties to resolve disputes through arbitration rather than through traditional judicial proceedings. However, some agreements contain provisions that explicitly exclude certain disputes from...
by admin | Nov 26, 2024 | Updates
Introduction In insolvency proceedings under the Insolvency and Bankruptcy Code, 2016 (IBC), the Resolution Professional (RP) plays a vital yet limited role, particularly during the initial stages of filing an application. Sections 94 and 95 of the IBC govern...
by admin | Nov 26, 2024 | Updates
Introduction: Arbitration is an alternative dispute resolution mechanism that aims to minimize judicial intervention, enabling parties to resolve disputes outside the traditional court system. This approach is valued for its efficiency, and flexibility, as it...
by admin | Nov 26, 2024 | Updates
Introduction An Assessing Officer (AO) is a representative of the Income Tax Department who has the power to conduct assessments of income tax returns filed by taxpayers. Prior to 01st April, 1989 amendment, AO had broad powers to reopen assessments under Section 147...
by admin | Nov 26, 2024 | Updates
Introduction In arbitration proceedings, a composite reference allows disputes arising from multiple, interconnected contracts to be addressed collectively within a single arbitration. This approach becomes particularly relevant when the agreements are so intricately...
