Cabinet Nod for Out-of-court Dispute Resolution for PSUs

Cabinet Nod for Out-of-court Dispute Resolution for PSUs The Cabinet approved a mechanism within the government for speedy resolution of commercial disputes of central public sector enterprises without cases going to courts. A new two-tier mechanism will be put in place of the existing Permanent Machinery of Arbitration mechanism to resolve such commercial disputes. At […]

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Over 1,600 merger cases pile up before NCLT as insolvency takes precedence

Over 1,600 merger cases pile up before NCLT as insolvency takes precedence Sources say the time taken by the tribunal to approve mergers is more than what high courts used to take With the Insolvency and Bankruptcy Code (IBC) gaining precedence before the National Company Law Tribunal (NCLT), merger and amalgamation cases are beginning to […]

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