RGNUL FINANCIAL AND MERCANTILE LAW REVIEW

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ONLINE DISPUTE RESOLUTION: EXTENDING THE SCOPE OF SEAT-VENUE CONUNDRUM

3 days ago
5 min

ONLINE DISPUTE RESOLUTION: EXTENDING THE SCOPE OF SEAT-VENUE CONUNDRUM

This guest post is authored by Mr. Guillermo Coronado Aguilar, Partner at Coronado Arbitration, Mexico, and Pranav Tomar, Associate Editor at RFMLR. INTRODUCTION Arbitration is at the center stage in adjudicating inter-state commercial disputes around the world. Whenever an arbitration clause is drafted, a reference to the arbitral seat is a fundamental characteristic. The arbitral seat defines the lex arbitri of the tribunal, and the exclusivity of the national courts for th

THE DOWNFALL OF LAKSHMI VILAS BANK AND THE DBS BANK MERGER

6 days ago
10 min

THE DOWNFALL OF LAKSHMI VILAS BANK AND THE DBS BANK MERGER

This post is authored by Devansh Parekh and Yuuvraj Vaidya, students of Government Law College, Mumbai, studying in their 4th year of the BLS. LL.B Course. 1. WHAT WENT WRONG? Established in the 1920s, Lakshmi Vilas Bank (“LVB”) was started to promote trade in Western Tamil Nadu. However, one can say that presently, it is following the footsteps of Punjab & Maharashtra Co-operative Bank (“PMC”) and Yes Bank – in terms of accumulation of bad debts/Non-Performing Assets. Subseq

CGST INTEREST CALCULATION: BIG RELIEF FOR TAX PAYERS?

Jan 1
8 min

CGST INTEREST CALCULATION: BIG RELIEF FOR TAX PAYERS?

This post is authored by Abhishek Iyer, a fourth-year student of B.A. LL.B (Hons.) at the Gujarat National Law University, Gandhinagar. 1. INTRODUCTION Failure of timely payment of tax or a portion of such taxational liability within the prescribed time limit attracts payment of additional interest on such unpaid tax amount. However, one important question that arises along with the levying of such interest amount is the method of calculation of such interest liability. Secti