INFORM: Infrastructure, Projects & Finance – January 2025

Case Laws:

• Arbitral Tribunal Lacks Discretion to Award Interest When Prohibited by Contract
• Balancing Ecology and Development: Meghalaya High Court’s Verdict on Shillong-Dawki Highway
• Transition from Partnership to Private Limited: Madras High Court Affirms Right to Register Sale Certificate in New Entity’s Name
• Supreme Court Upholds Strict Enforcement Against Unauthorized Constructions
• Supreme Court reaffirms that Confirmed sale on auction cannot be set aside under SARFAESI Act, 2002

Notifications/Circulars:

• Introducing ‘Rajmarg Saathi’: NHAI’s Advanced Initiative to Enhance Road Safety and Incident Management
• NHAI Introduces Performance Assessment Rating System for Concessionaires
• NHAI Clarifies Payment Adjustments and Delay Provisions for HAM Projects: Understanding Clause 23.4 vs. Clause 12.3.2
• NHAI Issues Strict Guidelines for Installation of Metal Beam Crash Barriers
• IBBI Issues Revised Guidelines for Appointment of Insolvency Professionals
• Prudential Guidelines for Government Debt Relief Schemes (DRS)