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On June 2, 2021, the Union Cabinet approved the draft Model Tenancy Law (“MTL”), which intends to overhaul the current legal regime encapsulated in the rent control statutes (“RCA”) governing certain tenancies pan-India.

July 2021 1. Introduction The Ministry of Corporate Affairs issued a notification[1] (“Notification”) that categorised personal guarantors of a corporate debtor as a separate entity class to whom only certain provisions of Part III of the Insolvency and Bankruptcy Code, 2016 (“IBC”) applied. Part III provides...

Offsets are described in different ways. An “offset” is defined as “something (such as an amount or claim) that balances or compensates for something else