Author Archives: maheshspeak

About maheshspeak

I write randomly on law, jurisprudence, polity, travel, food and anything else interesting. You can also visit my personal homepage at maheshsreenivasan.com

Contract law Vocabulary

Here are a few terms that you might encounter in the course of contract negotiation, which might be of use. Continue reading

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Indemnity & Guarantee-Distinction

Explains Contract of Indemnity and Guarantee and the difference between them. Continue reading

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Joint Ventures-Explained

 What is a Joint Venture? Joint Ventures are internationally recognised as a form of cooperation in the joint fulfilment of the construction contract obligations. Joint venture undertakings come about through agreements for a combination of legally independent entities for the … Continue reading

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All about One Person Company

Contributed by: CS Priya Garg* The concept of One Person Company is a  new introduction to the Companies Act 2013 which allows any person to incorporate a company on its own with concessional/relaxed requirements under the Act. Definition of One Person … Continue reading

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Novation of contract

What is Novation of contract? A contract can be discharged by the parties either by entering into a new contract in substitution of the old contract or by acceptance of performance of modified obligations in lieu of obligations stipulated in … Continue reading

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Fast Track procedure for arbitration introduced by the Arbitration and Conciliation (Amendment) Act, 2015

Fast track arbitration was introduced in order to expedite the arbitration process where the arbitration tribunal shall have to make an award within a period of 6 months from the date of reference of the dispute to the arbitration tribunal Continue reading

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Principle of ‘equal pay for equal work’- Judgment of Supreme Court of India in  State of Punjab vs Jagjit Singh

The Supreme Court in a landmark judgment on the principle of equal pay for equal work, in the case of State of Punjab vs. Jagjit Singh, has held that temporary employees would be entitled to draw wages at the minimum … Continue reading

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Tenders & Contracts-Judicial review of administrative actions and Wednesbury principle

The Supreme Court and High Courts in India enjoy the powers of judicial review of administrative actions and this is recognised as one of the basic features of the Constitution. It is settled law that a public authority cannot act … Continue reading

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Know all about the changes made by Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Act, 2016

A comprehensive guide to the amendments made to SARFAESI Act and RDDBFI Act under Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Act, 2016 Continue reading

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Beginners’ Guide to Enforcement of Security Interest under SARFAESI Act

The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) enable Banks and Financial Institutions(FIs) to recover defaulted loan from borrowers by adopting measures for recovery or reconstruction. The SARFAESI Act provides three alternative … Continue reading

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