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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

Indian Chemical Industry A. Executive summary A.1 Key segments The Indian chemical industry comprises primarily of three key segments; basic chemicals including petrochemicals, fertilizers, inorganic chemicals and other industrial chemicals, specialty chemicals and knowledge chemicals including pharmaceuticals and agro-chemicals. The large number and wide spectrum...