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LIABILITY CLAUSE
When a small footnote is used as a tool to make a weak balance sheet look strongThis is the uncomfortable truth about company accounts. A number on a balance sheet is not always cash that will return, and a liability tu...- The accounting trick used by companies to make a weak balance sheet look strongIn one recent case, a large investment sat comfortably under equity until the auditor read the shareholders' agreement, found a buyback cla...
- Air India crash report: AAIB says AI-171 crash probe in final analysis stage, urges restraint on speculationOne year after the Air India flight AI171 crash, the AAIB released a second interim report. The investigation into the Boeing 787-8's fatal...
- NCLT admits SBI plea for personal insolvency proceedings against Anil AmbaniMumbai NCLT has admitted SBI's plea to start personal insolvency proceedings against Anil Ambani. This follows a Rs 1,200 crore claim by th...
- Air India denies pressuring AI-171 victims' families to sign compensation waiver, says no deadline to accept settlementAir India refutes claims of pressuring families of AI-171 crash victims. The airline states there is no deadline or pressure to accept its ...
- Manufactured monopoly: How industrial policy is structuring monopolies in IndiaIndia's industrial strategies are shaping a landscape where giant corporations thrive while smaller enterprises struggle to keep up. Polici...
- The world is becoming training data for AI, for which everyone is unprotectedPronto, a home services startup, is facing criticism for using body-camera footage from workers inside customers’ homes to train AI and rob...
- Asset which sits in the balance sheet for years without moving, then suddenly wipes out all profit in a single quarterThe most dangerous number on a balance sheet is not always the one that looks wrong. It is often the one that depends heavily on management...
- Top cases on the United States Supreme Court's docketThe U.S. Supreme Court is reviewing significant cases. These cases cover voting rights, presidential authority, immigration policies, and g...
- Gave up tenancy, got new flat in redeveloped property, then faced income tax notice of STCG of Rs 1.1 crore: How tenant won at ITAT MumbaiA Mumbai tenant successfully challenged a Rs 1.1 crore tax notice. He surrendered tenancy for a new flat in a redeveloped building. The Inc...
- Could cruise ship passengers sue over the hantavirus outbreak?Travelers on the MV Hondius find themselves with few legal recourses following a hantavirus outbreak. Oceanwide Expeditions, the company be...
- Auto industry faces ₹25,000 crore profit hit in FY26 due to end-of-life vehicle rulesIndia's automotive sector is gearing up for a stormy fiscal forecast. Stricter environmental regulations, retroactive to previous vehicle s...
- Hidden risks in mortgaged properties: Essential due diligence steps for safe buyingA Supreme Court ruling in 2025 favored a land buyer who was defrauded by a seller concealing an existing mortgage. The court affirmed that ...
- Corporate Affairs ministry proposes easing company incorporation rulesIn an effort to boost entrepreneurship, the corporate affairs ministry is poised to revamp the company incorporation process. By consolidat...
- No campus housing? Key renting rules for Indian students in the USIndian students pursuing education in the US on F1, M1, or J1 visas often face challenges securing off-campus housing. Landlords typically ...
- Property or problem? The hidden legal traps haunting India’s property owners: Here’s how to navigateProperty ownership in India, once a symbol of security, now presents significant legal challenges due to unclear titles and disputes. Buyer...
- Data protection bill deterrent for businesses who wilfully do wrong: Justice B SrikrishnaData privacy is a fundamental right emanating from Article 21, as held by the Supreme Court in the Puttaswamy case, and breach of fundament...
- Digital IT contracts come with tough liability clausesClients are worried they could encounter a situation where the replacement cost of the tool vis-a-vis people would not be balanced.
- Liability clause threatens nuclear power programmeThe country's ambitious nuclear programme may grind to a halt because of uncertainty over how the liability for an accident would be apport...
- India Inc asks govt to take a relook at liability clauseFearing that the government may soon make a company promoter liable for mistakes even though they are not actively a part of the board’s de...
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