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THE RELIANCE-FUTURE DEAL AND THE FUTURE OF RETAIL – KEY CONCERNS FOR COMPETITION LAW

In this post, the author analyses the recently concluded Reliance-Future Group Deal from a Competition Law perspective. In doing so, she looks at the applicability of the failing firm defence to the present deal and thereafter moves on to highlighting the future anti-competitive effects of the acquisition.

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Reflection of Debt in a Balance Sheet

Reflection of Debt in a Balance Sheet: Acknowledgment or a Statutory Compliance?

In this post, the author critically examines the decision of the Hon’ble NCLAT in V. Padmakumar v. Stressed Assets Stabilisation Fund & Anr. The author differs from the majority’s widely debated view holding that the reflection of debt in the balance sheet of the Corporate Debtor does not amount to an acknowledgment under Section 18 of the Limitation Act, 1963, and argues that sole reliance on Section 92 of the Companies Act, 2013 is misplaced and the implication of the balance sheet along with the Directors’ Report and financial statement must be considered holistically.

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