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Legacy > Blog (Page 9)
01 February
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Creating Funds For Infrastructure Projects: Govt’s NMP To Raise Capital Through Monetising Brownfield Assets

Posted by legacy
in National Monetisation Pipeline

To read the Article on Mondaq, click here The government of India on 23rd August 2021 launched the National Monetisation Pipeline ("NMP") in consultation with NITI Aayog and secretaries of infrastructure ministries keeping in mind the mandate for asset monetisation under the Union Budget 2021-22. This pipeline of assets that the government shall monetise with the help of core assets has the potential to generate capital of 6 lakh crores from Financial Year ("FY") 2022 to FY 2025. This serious decision about investment is to cater to infrastructure projects that are currently planned and to additionally create a firm foundation for future projects. In...

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31 January
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Setting aside of arbitral award only if against public policy: Supreme Court clarifies the extent of the role played by High Courts in hearing appeals

Posted by legacy
in Arbitrage, Articles

In a recent case bought before the Apex Court, it has been evidently defined that an arbitral award can only be set aside if the award is against the public policy of India. The case, Haryana Tourism Limited (“Appellant” or “Corporation”) V. M/s Kandhari Beverages Limited (“Respondents” or “Company”) is the product of a dispute that arose between both the parties in a transaction that dates back to 2001. The present appeal was heard and adjudged by a bench of Justices M.S. Shah and B V Nagarathna on 11 Jan 2022, filed by the Appellant against an order of the...

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15 December
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National Capital To Witness Change In Tenancy Laws: Centre To Repeal Delhi Rent Control Act And Enact New Act Based On Model Tenancy Act

Posted by legacy
in Tenancy Laws

To read the Article on Legal500, click here “Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.”  – Franklin D Roosevelt   The urbanized parts of India are an oasis to the deserted opportunities and lifestyle in the rest of the sub-tropical nation. Urban housing has always been demanding owing to the constant migration of rural populations to cities in hopes of jobs and better lifestyles. The rapid increase in the urban population has led to the inevitable...

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25 November
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Pegasus project – a conspectus of laws of surveillance and the concerns over privacy

Posted by legacy
in Laws Of Surveillance

To read the Article on International Bar Association, click here Gagan Anand Legacy Law Offices, New Delhi, Delhi anand@legacylawoffices.com Shreya Pahwa Legacy Law Offices, New Delhi, Delhi ​​​​​​​shreya.pahwa@legacylawoffices.com   The Pegasus Project investigation was brought to light by the Paris-based, non-profit media group, Forbidden Stories and Amnesty International. The reports have revealed a widespread misuse of NSO Group Technologies’ spyware, Pegasus. As per NSO, Pegasus was developed to be sold exclusively to vetted governments to aid law enforcement agencies and intelligence departments to fight crime and avoid terrorism. Yet, according to the leaked data, the spyware was being used as hacking software instead of its conventional use as...

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26 February
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Legacy Law Offices – A Hallmark in Legal Advisory in Infrastructure

Posted by legacy
in Construction Laws

To read the article in Lex Witness Magazine, click  here As a part of our nationwide research on law firms, we got into a conversation with Gagan Anand, Managing Partner, Legacy Law Offices to understand the firm’s journey so far and objectives in times to come. Here are excerpts of the conversation. Briefly Tell Us about Legacy Law Offices and Its Journey since Inception Legacy Law Offices was established in 2006 by its Founding Partner Raman Anand, who possesses over 50 years of rich legal experience across various areas of practice. In 2010, I took over the firm as its Managing Partner. We...

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10 February
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Supreme Court upholds NGT’s ruling, orders the illegal construction to be razed: Everything that went wrong with a PPP project

Posted by Mr. Gagan Anand
in Articles, Legal Advice

“If human society is to stay within the bounds of critical ecological thresholds, it is imperative that environmental laws are widely understood, respected and enforced and the benefits of environmental protection are enjoyed by people and the planet.”[i]   The Supreme Court vide its judgment dated January 12, 2021 has upheld the ruling of the National Green Tribunal (“NGT”) passed in 2016 regarding demolition of an illegal hotel-cum-restaurant structure built on forest land for the Himachal Pradesh Bus Stand Management and Development Authority (“HPBSM & DA”), the appellant in the instant case. The Court held that the construction constitutes a brazen violation...

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08 February
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The Budget 2021- 2022: Reforms to Boost Infrastructure

Posted by Janmeet Singh
in Articles, Legal Advice

Infrastructure got a big boost in the Union Budget 2021-2022 presented by the Finance Minister (FM). The government has chosen to spend big on infrastructure covering sectors such as the road sector, power sector ports,airports sector, urban infrastructure and so on. In its Budget 2021-2022, the Finance Minister emphasized the need to increase funding from the Government and the financial sector for 'National Infrastructure Pipeline' (NIP), which has been expanded to cover 7,400 projects by 2025. The Government intends to achieve the funding by: a) Creating National Bank for Financing Infrastructure and Development (NBFID) which will have a capital base of Rs.20,000...

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25 January
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The Merchant Shipping Bill, 2020: A step forward

Posted by Mr. Gagan Anand
in Legal Advice
blog

The Merchant Shipping Bill, 2020: A step forward "We can't control the wind, but we can direct the sail." India has a strategic location on the world's shipping routes, being the sixth largest maritime country in the world, with a coastline of approximately 7,517 km. According to the Ministry of Ports, Shipping and Waterways (the Ministry), India's 95 % trade by volume and around 70 % trade by value is done through maritime transport. This indicates how the Shipping Industry plays a predominant and valuable role in sustaining growth in the country's trade and commerce. Relying on the Indian Government's vital...

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09 February
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SNIPPETS OF THE UNION BUDGET 2021-2022

Posted by Madhav Sharma
in Legal Advice

[vc_row triangle_shape="no"][vc_column][vc_column_text] ACCOUNTABLE AND EFFICIENT TAX DISPUTE RESOLUTION Setting up a Dispute Resolution Committee has been proposed for taxpayers with a taxable income up to Rs. 50 lakh and disputed income up to Rs. 10 lakh to ensure efficiency, transparency and accountability. Faceless ITAT- Establish a National Faceless Income Tax Appellate Tribunal Centre, all communication between the Tribunal and the appellant shall be electronic, where personal hearing is needed, it shall be done through video-conferencing. To ensure faster disposal of cases, replacing the Authority for Advance Rulings with a Board for Advance Rulings and provide appeal against the order of...

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