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Positive Pay System (PPS) in M&A Transactions: Rethinking PDC-Based Security and Section 138 Enforcement
Across share acquisitions, business transfers, slump sales, and asset acquisitions, securing deferred purchase consideration is one of the most heavily negotiated points between Purchaser and Seller. Three mechanisms dominate in practice: Bank Guarantees (BGs), Escrow arrangements, and Post-Dated Cheques (PDCs) layered with electronic transfers (RTGS/NEFT). Each secures the Seller differently, and each imposes a different cost on the Purchaser. Bank Guarantees and Escrow both
reetika72
Sep 239 min read


Rakhi Bisht v UOI: Delhi HC's New Maternity Return-to-Work Rules
Rakhi Bisht v. Union of India goes beyond maternity leave: the Delhi High Court addresses role, authority, career progression and new return-to-work safeguards for employers. The Delhi High Court's judgment in Rakhi Bisht v. Union of India (31 August 2026) is fast becoming the most cited maternity discrimination case in India this year and for good reason. Justice Sachin Datta didn't just rule in favour of one Chartered Accountant. He issued a judicial veto against the quiet,
reetika72
Sep 69 min read


"Work for Hire" Won't Save Your Startup's Code: An Indian Founder Dispute
By Aristo Legal We recently advised on a startup matter that plays out in some version almost every week across Bengaluru, Hyderabad and Pune, which is exactly why it's worth writing about. Two founders team up. One brings the business - vision, capital, customer relationships. The other brings the tech, except he doesn't bring it personally: he routes it through a software services company he already owns, which deputes its engineers to build the new venture's product. Every
reetika72
Sep 28 min read
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