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Section 10 of IBC

The Insolvency and Bankruptcy Code, 2016 (IBC), was enacted to streamline insolvency proceedings and ensure timely resolution of corporate distress. However, the COVID-19 pandemic created an extraordinary economic situation, and the Government of India responded with amendments to the IBC, introducing Section 10A. This provision was added to offer temporary relief to businesses struggling due…

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Poker and Rummy

In a significant decision, the Allahabad High Court (AHC) ruled that poker and rummy are games of skill, distinguishing them from gambling under Indian law. The case arose when M/s DM Gaming Pvt. Ltd. challenged a decision by the Agra Police denying them permission to operate a poker and rummy gaming unit. The denial of permission…

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