Advocate Pushkar Taimni

Pushkar Taimni writes about legal developments and everything related to law. He practices law in the courts and tribunals in India and is based in New Delhi and has a keen interest in legal advisory.

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Pushkar Taimni

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Pushkar Taimni

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Every financial institutions want someone to stand guarantee to the loan they are about to provide. One of such common ways is that a subsidiary company stands as a guarantor for the parent company against the loan obtained by the latter. The question now arises is whether a Foreign Creditor can initiate Corporate Insolvency Resolution Process against Indian Corporate Guarantor? Before delving into the question it is imperative to speak about the position of a…
The Arbitration and Conciliation Act, 1996 (“Act”) under Section 34(3) provides for a specific statutory limitation of filing an application for setting aside of an arbitral award. Section 34(3) provides that an application for setting aside an arbitral award may not be made after the lapse of three months (90 days) from the date of receipt of arbitral award. Further the proviso to Section 34(3) provides that if the Court is satisfied that the applicant…
The Supreme Court in the matter of Anilkumar Jinabhai Patel (D) Thr. Lrs. vs. Pravinchandra Jinabhai Patel and Ors  by upholding the decision of the High Court of Judicature at Bombay Bench at Aurangabad has reaffirmed that the limitation to file an application for setting aside of an arbitral award begins from the date on which the signed copy of the award is acknowledged to have been received by the aggrieved party. The Appellant and Respondent,…
The bench of Justice R. F. Nariman and Justice Navin Sinha, vide their judgement dated 23.01.2018 in the matter of M/s Indian Farmers Fertilizer Co-operative Limited v M/s Bhadra Products, thrown light on two questions, (a) whether an award delivered by an Arbitrator, which decides the issue of limitation, can be said to be an interim award, and (b) whether such interim award can then be set aside under Section 34 of the Arbitration and…
The judgment was pursuant to an appeal filed by the Corporate Debtor (Neelkanth Township & Construction Pvt. Ltd.) against the order of the National Company Law Tribunal, Mumbai Bench (“NCLT”) directing the commencement of insolvency proceedings against the Financial Creditor. The NCLAT has cleared the answer to several grounds, predominantly dealt with the following: Is a petition for initiation of Corporate Insolvency Resolution process barred by time i.e. does the Limitation Act, 1963, apply to…
Since the inception of the Constitution, citizenship and immigration laws have been a delicate subject in India. Whenever influx of immigrants and refugees, owing to domestic instability in the neighboring countries increases, a need for revising the citizenship law arises. Dr. B. R. Ambedkar once commented on citizenship laws, “Except one other article in the draft constitution, I do not think that any other article has given the drafting committee such a headache as this…