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The Hindu Undivided Family ("HUF") is one of the more structurally unusual entities in Indian law. Recognised as a separate taxable person under the Income Tax Act, 1961, it is managed by a Karta, and its assets are held for the benefit of all co-parceners and members of the family unit.

In a recent ruling , the Supreme Court examined whether a Letter of Intent (LOI), read together with tender documents containing an arbitration clause, was sufficient to constitute a concluded contract and a valid arbitration agreement under Section 7 of the Arbitration and Conciliation Act, 1996. The appeal arose from an order of the Bombay High Court appointing a sole arbitrator under Section 11 of the Act.

The Bombay High Court's recent judgment in Flagship Infrastructure Limited examines whether the Maharashtra Ownership of Flats Act (MOFA) continues to apply to deemed conveyance proceedings in township projects. This podcast episode analyzes the court's interpretation of statutory provisions and their implications for property developers and flat owners in Maharashtra's real estate sector.