The cascading impact of the pandemic on the financial system has nudged transacting parties to re-examine their contractual positions. It is essential to examine how the present situation leading to the suspension of business has affected certain real estate contracts.
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Covid-19, like the Trojan horse, has surreptitiously unleashed its terror on the nations – the war it seems has just begun.
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In an interview with BW Businessworld, Raian N. Karanjawala, Founder and Managing Partner, Karanjawala & Company, talks about the outstanding journey of Raian Karanjawala.
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The High Court asked the Delhi University to place in sealed cover results of three examination papers of the student which was cancelled on allegations of cheating.
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There is a disruption of the supply chain due to the spread of COVID-19, then such a disruption is to be considered as a case of natural calamity within the meaning of Force Majeure (FM).
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The High Court disposed of a PIL filed by Yash Aggarwal and Chitrakshi seeking a direction to the respondents to provide medical aid and treatment to patients suffering from varied illnesses and diseases
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The State governments to immediately implement significant initiatives for the real estate sector to mitigate the hardship being faced by the developers.
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The High Courts have been authorized to determine their respective modalities to make, what the Supreme Court has termed a "temporary transition to the use of video-conferencing technologies".
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The Real Estate sector was already facing a severe crisis since the last three years, and the Lockdown will further adversely impact the industry.
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A positive side of the increase in threshold is that it will reduce the number of cases being filed at NCLT and in turn increase the efficiency of the Tribunal in speedy disposal of the default cases.
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