GnS Legal acts for Project Management Consultant in preparing a winning bid for a project under Green Climate Fund.
GnS Legal advised a Project Management Consultant (PMC) in winning the bid for a 250 million funded project. The PMC would be in charge of running the whole project and would work closely with the Ministry of Environment, Forest and Climate Change in executing the project, an initiative of the […]
Salient Features of Haryana State Employment of Local Candidates Act, 2020
The state of Haryana has on 02.03.2021 enacted the Haryana State Employment of Local Candidates Act, 2020 the objective of which is to provide seventy-five percent employment of local candidates by Employer in the State of Haryana. The salient features of the Act are as below:- It shall be in force for […]
Withdrawal of Resolution Plan: Supreme Court stays NCLAT Judgment in Kundan Care Products Ltd. v. Amit Gupta
In a recent development which is likely to have widespread ramifications on the issue of withdrawal of Resolution Plans under the Insolvency and Bankruptcy Code, 2016 (IBC), the Supreme Court of India has stayed[1] the operation and effect of the Judgment of the National Company Law Appellate Tribunal, New Delhi […]
Data Localization & The New India Data Protection Regime
Introduction & Background The opponents of the new Personal Data Protection Bill, 2019 (hereinafter referred to as the “Bill”) see it as an almost Orwellian attempt to subvert the privacy of citizens through the means of technology and digital data. The Government has been given wide powers when it comes to […]
Omission of Regulation 26(2): A double-edged sword
This piece takes a look at Regulation 26(2) of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 hereinafter referred to as ‘the Regulations’. Pre-amendment, sub-regulation 2 of Regulation 26 read as follows:- “(2) Once a vote on a resolution is cast by a […]
Consumer Protection (E-Commerce Rules), 2020: An Overview
The Department of Consumer Affairs has recently notified[1] the Consumer Protection (E-Commerce Rules, 2020) hereinafter referred to as the ‘Rules of 2020’ which are made applicable to (i) an e-commerce entity operating in India and also (ii) an e-commerce entity which ‘systematically offers’ goods and services to consumers in India. […]
Resolution plan under IBC: An albatross around the resolution applicant’s neck
The Insolvency and Bankruptcy Code, 2016 (“the Code”) aims to resolve the woes of stressed businesses (“Corporate Debtors”) by putting them through a corporate insolvency resolution process (“CIRP”) and transferring them as ‘going concerns’ to persons/entities (“Resolution Applicants”) willing to take over their management and assets, and service their debts. The […]
Consumer Protection Act, 2019: ‘Change of forum’ and its effect on fresh and pending cases
Introduction The Consumer Protection Act, 2019 (“New Act”) received the President’s assent on August 9, 2019 and has replaced the Consumer Protection Act, 1986 (“Old Act”). Most of the important sections have been notified[1] with effect from July 20, 2020 marking the beginning of the New Act and making it […]
The Consumer Protection Act, 2019: Overview and Key Highlights
Introduction The Consumer Protection Act, 2019 (“New Act”) received the President’s assent on August 9, 2019 and has replaced the Consumer Protection Act, 1986 (“Old Act”). The Central Government appointed[1] July 20, 2020 as the date on which the following provisions of the New Act shall come into force. Section […]
COVID19: MCA Announces Relief Package For Indian Companies
Introduction COVID-19 has brought India to a standstill, with the Government of India announcing a country wide lockdown vide Order dated March 24, 2020 for 21 days which is likely to continue for the foreseeable future. COVID-19 and the national lockdown have made regulatory compliances difficult for companies, more so […]
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