What’s the deal?
Mriga Solanki and associates Theresa Thomas, Satadru Goswami, Devangshu Nath and Sampada Bannurnath.
Norton Rose Fulbright (Asia) advised the bank of New York Mellon in its role as a trustee for the issuer.
Why Intellectual Property is critical for startups
The importance of IP should not be undermined by startups because of the long-term sustainable advantages it offers. When entrepreneurs embark on that unique business idea that they have no doubt would be a commercial success in the market, their prime focus initially is how to actually start giving shape to the venture. In the…
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How India exploits millions of white-collar workers
It is about time that India shows its white-collar workers some tender loving care. Legally, that is. Contrary to popular belief, millions of corporate managers are vulnerable to exploitation and abuse. The reason: there aren’t any labour legislations protecting them. A manager’s legal relationship with the employer is governed largely by his or her employment…
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Owner should have good reasons to evict tenant
I had, in the last column, elaborated on the rights of statutory tenants. Such tenants fall under the Delhi Rent Control Act of 1958 and enjoy protection from eviction by landlords.
Remedies for breach of lease terms
The remedies available, in law, for breach of the terms of a lease would generally be the award of damages; the grant of injunctions (temporary, mandatory or permanent); grant of interest on delay in refunding the security deposit or for delay in payment of rent; and specific performance. In this article, we will discuss damages…
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Rent act provides a safety net for tenants
The Delhi Rent COntrol Act, 1958 (Rent Act) is a legislation enacted on December 31, 1958 to control rents and evictions in certain locations such as areas within the limits of the New Delhi Municipal Corporation (NDMC), Delhi Cantonment Board and such specified urban areas falling within the limits of the Municipal Corporation of Delhi…
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Draft a fair agreement or you could be in trouble
DO you have a standard form, take it or leave it lease agreement, that you usually have the other side execute? Not that these are unlawful, but you should be aware that these agreements may be read against you.
Execute a watertight lease agreement
Subletting, assignment and/or parting with possession the consent of the landlord can be serious. Interestingly, the term sublease is not defined under the Transfer of Property Act, 1882(‘the Act’).
What the land ordinance lacks
It does not provide adequate safeguard or punitive provisions for misuse or land grab in the guise of land acquisition
The government, has recently passed an ordinance, for amending the Right to Fair Compensation and Transferency in Land Acquisition, Rehabilitation and Resettlement Act, 2013(the 2013 Act), in the hope of bolstering a sluggish economy.