India’s New Income Tax Act, 2025: A Reform in Presentation Rather Than Policy
The Income Tax Act, 2025, came into force on 1 April 2026, replacing The Income Tax Act, 1961, i.e., the statute governing direct taxation in India for over six decades. This repeal was marked by the Press Information Bureau as a “new chapter in India’s tax administration” and was formally announced by the Ministry of Finance.
Resolution Applicants Cannot Reopen Commercial Risks After Approval of a Resolution Plan: Supreme Court Reinforces Finality Under the Insolvency and Bankruptcy Code
The Supreme Court’s decision in Sanjay Dave v. Andhra Bank Ltd. & Ors., 2026 INSC 580, marks another significant milestone in the evolution of insolvency jurisprudence under the Insolvency and Bankruptcy Code, 2016 (“IBC”). The judgment reaffirms a principle that has consistently informed the Code since its inception, namely that commercial certainty and procedural finality […]
Commercial Disputes in India: How the Delhi High Court and Supreme Court Resolve High-Stakes Business Conflicts
Introduction: When Business Disputes Reach the Courts Every business engagement comes with an inherent risk of a possible dispute, whether it be a misunderstanding over the terms of the contract, withholding payment, violation of trust by a fiduciary, or regulatory transgression. In India, if these disputes are not resolved through business negotiation, they end up […]