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MSME & IBC1.0

MSME & IBC 1.0 : Understanding MSME under the IBC, 2016 INTRODUCTION: MSME Act. Micro, Small, and Medium Enterprises (MSME) has been the growth engines of New India and government has from time to time, announced special provisions related to this sector.  This sector is governed by The Micro, Small, and Medium Enterprises Development Act,…

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Making Cinema Accessible to all

The Government through the Ministry of Information and Broadcasting has recently released draft guidelines (“Guidelines”), and solicited comments from the general public thereon, to ensure that people with visual and hearing impairment have improved access to experience public exhibition of films. Notably, the Central Board of Film Certification (“CBFC”) came out with an expression of…

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Union Budget 2024-25

Presenting the Union Budget 2024-25 in the Lok Sabha, Finance Minister Nirmala Sitharaman announced significant measures related to Insolvency and Bankruptcy, aiming at enhancing judicial efficiency and technological integration. Key highlights include the development of an integrated tech platform, the strengthening of existing tribunals, and the establishment of additional benches of the National Company Law Tribunals…

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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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Section 3 and Section 5

Pathapati Subba Reddy (Died) By L. Rs. & Ors. Versus The Special Deputy Collector (LA) Corum- Hon’ble Justice Bela M. Trivedi and Hon’ble Justice Pankaj Mithal Brief facts The present appeal pertains to a certain land acquired in the year 1989 in village Gandluru, District Guntur, Andhra Pradesh and the award offered in lieu of the…

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Reversal of Cess Imposition under Karnataka Cine & Cultural Activists (Welfare) Bill

Addressing the financial difficulties faced by artists and workers of the media and entertainment industry and the need to provide them with social security[1], the Karnataka government introduced the Karnataka Cine & Cultural Activists Welfare Bill, 2024 (‘Bill’)[2] on 19th July 2024. The Bill defines “Cine and Cultural activists” as any person “employed in the field…

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