A large number of railway mega-projects are planned or are under implementation for capacity augmentation, for serving the needs of trade, specific regions or industry sectors. Since transport capacity is one of the main levers of economic progress, it is essential that augmentation of transport...

In the modern era, the concept of practicing one's trade, profession or business has evolved a long way compared to how it was perceived in the yester years. The law has also as a matter of public policy opposed any interference with respect to an individual's freedom of entering into contracts...

We study the role of formal institutions of contract enforcement in facilitating investments in small and medium firms(MSME). In a framework where established entrepreneurs can enforce contracts informally using their network ties and hierarchical advantage, we argue that an efficient formal...

The COVID-19 pandemic has unleashed a catena of contractual disputes. The paper synthesizes the Indian Contract Act and relevant case laws to present a legal position on force majeure, the frustration of contract and contractual gaps, in the context of COVID-19. Using the economic analysis of...

In this article, I develop the concept of "ownership piercing." I use the expression to suggest that courts engage in a process of evaluative reasoning to clarify who owns property rights and controls the limited liability company. I show under what circumstances courts should pierce ownership....