Bhumesh is the Managing Partner of Corp Comm Legal, an Indian law firm. He is ranked among the Top 100 Indian corporate lawyers. He is advising domestic and foreign companies on M&A, joint ventures, corporate - commercial issues. Besides, he has written a book on Drafting of Commercial Agreements, has a couple of books in pipeline and trains students and professionals on Drafting Skills and corporate laws. He writes regularly on legal, business & other issues and is a guest faculty lecturer with educational institutes. Bhumesh holds a Bachelor of Laws (LLB) from the University of Delhi and a further qualification in International Law and Legal Studies from College of Law, York.
In an important judgement, the Supreme Court (SC) has upheld the constitutional validity of the Insolvency and Bankruptcy Code 2016 (IBC) under Article 14 of Constitution of India and dismissed that its provisions were discriminatory in nature.
For the past couple of weeks, we have heard or read spectacular cyber-attacks where hackers used ransomware and malicious techniques to manipulate the data of various government agencies and big corporations from all over the world. As a result, no individual, government or company is feeling safe about data - increasingly vulnerable to hackers' cyber-attacks.
Due to demonetisation operation launched by the Indian government last year, many individuals and corporates were caught unaware. They had plenty of unexplained cash and 50 days to deposit it all in the banking system.
Think twice before jumping on board to become one of the leaders of a blue chip company. A recent Supreme Court of India order in the case of Jaypee Infratech has come as a big jolt to corporate governance. The role and responsibilities of independent directors should be seriously reconsidered.
Unlike any other creatures in this world, humankind is gifted with the power of thinking. The human mind is a unique creation that allows a human being to think and act. Creativity in the human mind is the reason behind all or at least most innovations occurring almost every day in various fields. Over the last 150 years, innumerable inventions and discoveries have been made by great intellectuals in different fields. In order to protect those inventions and discoveries, the world started recognizing such inventions and discoveries by conferring the ownership to the inventor by way of granting Intellectual Property Rights (IPRs) in respect of such inventions.