Alice Corporation Pvt. Ltd. vs. CLS Bank International (Case Analysis)

Alice Corporation Private Limited had a patent claim over a “Computer implemented scheme for mitigating ‘settlement risk’ by using a third-party intermediary”.[1] CLS seeked a declaratory judgement before the US Supreme Court contesting Alice’s claim to be “invalid, unenforceable, or not infringed.”[2] The court held that in accordance with the exception to Section 101 of the US…

Evolution of the law on the issue of emergency arbitration in India

Emergency arbitrators (EA) are recognized as an alternative of courts for providing interim relief before the constitution of the arbitral tribunal, for the purpose of adjudication of the merits of a particular claim. Most progressive arbitration jurisdictions like Singapore and other Scandinavian countries have a statutory provision for recognition of such arbitrators. However, in India,…

Startup Stories – Licious

Licious is India’s first D2C Unicorn, headquartered in Bengaluru, Karnataka, India. The Company was launched in October 2015 by Abhay Hanjura and Vivek Gupta. Abhay Hanjura and Vivek Gupta had previously worked for Futurisk Insurance and Helion Ventures, respectively. Mr. Hanjura has a biotechnology degree and is an Indian Institute of Insurance alumnus. Mr. Gupta is a rank-holding commerce graduate and chartered accountant. The company…

Sources of Hindu law

INTRODUCTION Hindu law is composed of different texts and scriptures; the development of Hindu law was both natural and, at times, aided by laws implemented during the British period. There are two types of Hindu legal sources: ancient and modern. Ancient sources include religious texts such as shrutis and smritis, as well as several Upanishads,…