INTERNSHIP REPORT

Finance Research Group (1st October-31st October, 2017)

 Assisted in the development of a dataset on the petitions made before all benches of the
NCLT under the Insolvency and Bankruptcy Code, 2016.
 Statutes covered: Insolvency and Bankruptcy Code, 2016
 Learning: Understood how the IBC is applied to the petitions by the NCLT.

Veritas Legal (6th November-30th November, 2017)

1. Research on the following topics:

 Opportunity cost on termination of agreement
 Differences in the new and old FEMA 20
 Meaning of third party in context of the RERA Act
 Transferability of licenses in case of takeover of a hotel
 Exaggerated claims in a consumer case in order to bypass the pecuniary
jurisdiction of the consumer fora
 Liability of Amazon for the products listed on its website
2. Drafted an opinion on the liabilities arising from termination of agreement.
3. Reviewing insurance policies for onerous clauses
4. Drafted reply to a legal notice
5. Drafted a note on defenses against a consumer complaint

Statutes covered: Companies Act, 2013, Consumer Protection Act, 1986, Indian Contract
Act, 1872, Real Estate (Regulatory and Development) Act, 2016.

Learning: Understood how the various sources on Foreign Exchange Management Act, 1999
have to be read together, learned drafting of legal notice, assisted in the process of a due
diligence.