Supreme Court Rules Directors Can Be Held Liable Despite Moratorium in IBC Proceedings

The hon’ble Supreme Court of India (Supreme Court) delivered a significant ruling in the matter Ansal Crown Heights Flat Buyers Association (Regd.) v. Ansal Crown Infrabuild Pvt. Ltd. (ACIPL) & Ors. addressing the complex interplay between insolvency proceedings and consumer complaints and affirmed that directors and officers of a company can still be held accountable…

Interim Union Budget: Minor tax tweaks

In anticipation of the upcoming General Elections pursuant to which new formed government would present the full-fledged Budget in July this year, in February, the current Government of India introduced the Interim Budget.   The Budget was preceded by an ‘The Indian Economy: A Review’ which outlined the Indian economy’s journey in the last ten…

India’s transition to Green Hydrogen

The Ministry of New and Renewable Energy, Government of India (MNRE) had launched National Green Hydrogen Mission (Mission) in January 2023. To take the objective of the Mission forward, the MNRE on February 14, 2024, notified the guidelines for implementation of pilot projects for use of green hydrogen in the transport sector (Scheme) with a…

MNRE reimposes ALMM

The Ministry of New and Renewable Energy (MNRE), on January 2, 2019, issued the Approved Models and Manufacturers of Solar Photovoltaic Modules (Requirement of Compulsory Registration) Order, 2019 (ALMM Order). As per the ALMM Order, only the models and manufacturers (of solar PV modules) included in ALMM List were eligible for use in Government projects/Government…