Disputes and interpretation
Disputes involving IFSC entities arise with regulators, tax authorities, counterparties and investors. Each has its own forum.
In this section
Forums, IFSCA enforcement, challenging regulatory action, arbitration, tax disputes.
Guides in this section
Where IFSC disputes are decided
Where IFSC disputes are decided depends on the dispute: IFSCA adjudication and appeal for regulatory matters; income-tax authorities, the ITAT and High Court for tax; arbitral tribunals or courts for contracts; NCLT for corporate and insolvency matters; the High Court of Gujarat for writs.
Read the guide →IFSCA enforcement and adjudication
IFSCA enforcement typically runs from inspection or complaint to show-cause notice, reply, hearing and order, with appeal under the IFSCA Act.
Read the guide →Challenging regulatory action in court
Regulatory action can be challenged by statutory appeal and, in appropriate cases, by writ petition before the High Court. Which court has jurisdiction is a question of law in each case.
Read the guide →Arbitration for IFSC contracts
Arbitration is the usual dispute route for IFSC commercial contracts. Parties choose the seat, rules and institution; Indian-seated arbitrations follow the Arbitration and Conciliation Act, 1996.
Read the guide →Tax disputes involving IFSC units
Tax disputes for IFSC units often concern eligibility for the deduction, the scope of eligible income, transfer pricing and withholding.
Read the guide →Open interpretive questions
Points of IFSC law that are not settled, stated as questions with the authorities on each side.
Read the guide →Talk to the firm about your plans.
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