MSME Payment Compliance: 45-Day Rule, Interest & Tax Impact
MSME Payment Compliance Delayed payments to Micro, Small and Medium Enterprises (MSMEs) have become one of the most litigated and financially punishing compliance issues for Indian businesses. Under the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006, any buyer who fails to pay a registered MSME supplier within the statutory timeline becomes liable not […]
Seeing digital wealth as property: The Madras High Court reframes cryptocurrency
Background: A petition was filed under Section 9 of the Arbitration and Conciliation Act, 1996 against Zanmai Labs Pvt Ltd (operator of the crypto-exchange WazirX) for release of certain frozen crypto-tokens (3,532.30 XRP) of the applicant on account of a cyber-attack and resultant locking of the account. While determining interim relief, the Madras High Court […]
Trade Dress Under Fire: Colgate vs “Doctor Good” — What the Delhi High Court Order Signals for Trademark Enforcement in India
In a notable decision earlier this month, the Delhi High Court intervened in a trademark dispute brought by Colgate-Palmolive against allegedly infringing Chinese goods. The case Colgate Palmolive Co Vs John Doe & Ors underscores the continuing tensions between global consumer brands and new entrants who mimic the look and feel to ride on brand […]