India: Contracts and Commercial Law

The Supreme Court’s decision in K. Prakashchand v. Oriental Insurance Co. Ltd. is an important ruling on the rights of financiers in motor insurance claims.

Broadly, GCCs in India may be categorised into two segments: (i) entities that have been operating in India for several years, in some cases for over a decade; and (ii) entities that have recently established or are in the process of establishing operations in India.

In May 2026, developments surrounding the proposed GENIUS Act (Guiding and Establishing National Innovation for U.S. tablecoins Act) highlighted the growing policy focus on digital forms of money in the United States

AZB & Partners provides important legal disclaimers regarding the nature of their website, clarifying that no attorney-client relationship is created through website usage and that all content is provided for informational purposes only. The firm emphasizes compliance with Bar Council of India regulations prohibiting solicitation while outlining user responsibilities when accessing their online materials.

This decision significantly strengthens arbitral autonomy by establishing that limitation and timeliness of claims are matters for arbitral tribunals rather than courts to determine. The judgment has important implications for infrastructure contractors and public authorities seeking to avoid arbitration through threshold objections, while reinforcing the principle that contractual disputes should proceed to arbitration without excessive court intervention at the appointment stage.

The Notification clarifies that ECBs and OFCBs may be raised in any foreign currency; however, the swap facility will only be available in USD. This swap facility will be open until January 15, 2027, for eligible ECBs drawn down and OFCBs raised, up to December 31, 2026.

he evolution of arbitration jurisprudence in India has consistently reflected a judicial inclination toward promoting party autonomy and minimizing unnecessary judicial intervention in commercial disputes.

The intersection of supply chain financing and insolvency law has increasingly become a fertile ground for jurisprudential debate, particularly concerning the classification of creditors and the validity...

The Real Estate (Regulation and Development) Act, 2016 (“RERA”) was enacted to protect homebuyers and promote transparency and accountability in the real estate sector. A key feature of the Act is the definition of “Promoter” under Section 2(zk), as it determines the persons or entities that bear statutory obligations and liabilities towards homebuyers.