Advocates Club

Tagged: Company Law

Corporate Law

Company and Corporate Laws in India

What is Company Law? Company Law is a body of provisions, rules and regulations which governs the functioning of a body corporate so as to ensure transparency and accountability. Company law is also known as Corporate law or Business law. As per Cambridge dictionary, the definition of company law is the set of laws that control how businesses are formed...

Corporate Law

Written statement cannot be filed after the lapse of 120 days from the service of the summons under Commercial Courts Act, 2015, in any case, right to file written statement is forfeited after 120 days

Hon’ble Supreme Court in the case of M/s SCG Contracts India Pvt. Ltd. vs K. S. Chamankar Infrastructure Pvt. Ltd. dealt with the question that whether written statement can be filed beyond the period of 120 days from the date of service of summons or not in the cases filed under Commercial Courts Act, 2015. At the outset it is...