Articles

Background of the Case Celestium Financial, a non-banking finance company, filed an appeal before the Supreme Court challenging the decision of the Madras High Court in the case of Gnanasekaran v. Celestium Financial. The main issue before the court was the validity of the power of attorney executed by the respondent, Mr. Gnanasekaran, in favor […]

Hunting in Packs: Aligning Law Firms Around Client Needs In the world of law firms, there is a constant struggle between internal structures and client needs. Many firms have a hierarchical structure where the focus is on individual lawyers and their billing hours. But in today’s ever-changing legal landscape, it’s becoming more apparent that firms

Supreme Court Judgment: Celestium Financial vs Gnanasekaran – A Critical Analysis The Supreme Court recently delivered a judgment in the case of Celestium Financial vs Gnanasekaran which has elicited a critical response from legal experts. In this case, the Supreme Court had to decide on the issue of whether a renunciation deed executed by a

Hunting in Packs: The Importance of Client-Centric Law Firm Structures In the legal industry, the traditional law firm structure has always been heavily focused on internal organization and individual attorney success. However, in today’s highly competitive market, this structure is no longer effective. Clients are demanding more personalized and efficient services, and law firms must

Introduction On October 6, 2021, the Supreme Court of India delivered its judgment in the case of Celestium Financial vs. Gnanasekaran. The case centered around the transfer of shares and the interpretation of certain clauses in a Share Purchase Agreement. The Court’s ruling has important implications for commercial contracts and the enforcement of obligations in

##Introduction As the legal industry continues to evolve and adapt to changing client needs, law firms must also align their structures in a way that prioritizes these needs over internal processes. In the past, law firms have operated in a hierarchical structure with individual departments and practice groups working independently. However, this siloed approach can

Subsistence Allowance: Understanding the Legal Aspects in Indian Law IntroductionSubsistence allowance is a crucial aspect of Indian labor law, providing financial support to employees during specific periods. This article aims to delve into the legal intricacies of subsistence allowance in India, elucidating its significance, provisions, and implications. What is Subsistence Allowance?Subsistence allowance, as defined under

##Introduction The Reserve Bank of India (RBI), India’s central banking institution, has recently announced strict measures to clamp down on loan evergreening through Alternative Investment Funds (AIFs). These measures are significant as they aim to curb the prevalence of loan evergreening, which can pose serious risks to the stability of the financial system. This article

##2025 Global In-House Counsel Report: Key Findings and Implications for Legal Firms In today’s rapidly evolving legal landscape, it’s essential for law firms to stay on top of the latest trends and insights in order to better serve their clients. One valuable resource for legal firms is the Global In-House Counsel Report, which provides comprehensive

Introduction The practice of loan evergreening through Alternative Investment Funds (AIFs) has been a matter of concern in the Indian financial market. This practice involves extending fresh loans to borrowers to pay off their existing dues, thereby giving the illusion of timely repayment and avoiding default. To curb this fraudulent practice, the Reserve Bank of