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

Permanent Machinery of Arbitration for Settlement of Disputes of Public Sector Enterprises-A critical analysis

Introduction Permanent Arbitration Machinery (PMA) is a mechanism under Department of Public Enterprises, Ministry of Heavy Industries and Public Enterprises, Govt. of India to settle disputes arising out of commercial contracts between a Public Sector Enterprises (PSEs) and a Government … Continue reading

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Top 10 tips to avoid disputes and litigation in contracts

When entering into a contract nobody wants a dispute and even more, wants to avoid it escalating into litigation. Litigation is time-consuming, expensive, risky and stressful; it diverts precious resources and is a distraction to the normal business activity. Due … Continue reading

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The immortal trail of Socrates

Socrates, the Greek philosopher, whose way of life, character, and thought exerted a profound influence on ancient and modern philosophy, was a widely recognised and controversial figure in his native Athens. He is portrayed as a man of great insight, integrity, self-mastery, … Continue reading

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Lease and Licence-Explained and distinguished

Lease and licence are legal modes in which right to enjoy or do something in an immovable property are granted by a person to another person. Both have many similarities and are used interchangeably in the normal course. However, there … Continue reading

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S4A or Scheme for Sustainable Structuring of Stressed Assets

Background The Reserve Bank of India (RBI) in its efforts to strengthen the lenders’ ability to deal with stressed assets, has been issuing, from time to time, guidelines and prudential norms on stressed assets for resolution by lenders. Towards the … Continue reading

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Highlights of the proposed amendments to RDDBFI Act & SARFAESI Act

To read a detailed article on the amendments, click: Know all about the changes made by Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Act, 2016. Background The Recovery of Debts due to Banks and Financial … Continue reading

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Confidentiality Agreements or Non-Disclosure Agreements-Explained

What is Confidentiality Agreement? Confidentiality agreements which are also called Non-Disclosure Agreements or NDA are agreements entered between parties to protect confidential information exchanged, from being used for business advantage or being disclosed against one party’s will. These agreements, are … Continue reading

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A beginner’s guide to Arbitration

Arbitration is a method of dispute resolution in which disputes are submitted, by agreement of the parties, to one or more arbitrators who make a binding decision on the disputes. In choosing arbitration, the parties opt for a private dispute … Continue reading

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Landmark cases in Contract Law

Contributed by: CA Amit Talada* The Law of Contracts as is applied today has been defined by some classic decisions of English and Indian Courts. Some of these seminal cases, which may seem minor in their actual cause of action, … Continue reading

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Termination of Contract

Contracts are entered into by parties with an intention to bind together in a legal obligation and thereby to serve the interest of the parties.  The parties, in order to govern themselves and to safeguard their interest, make their own … Continue reading

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