NCLT: Corporate insolvency resolution process cannot be initiated under Section 7 of IBC based on transfer agreement for purchase of debentures from financial creditors

The National Company Law Tribunal, Mumbai (“NCLT”), vide its judgment dated January 29, 2024, in the matter of Edelweiss Asset Reconstruction Company Limited v. Ajmera Realty and Infra India Limited [CP (IB) No. 877/MB/2023], has held that if the element of disbursal against the consideration for time value of money is absent, such transaction, cannot […]

Competition News Alert | Determination of Turnover or Income Regulations 2024

We are pleased to share our latest publication ‘Competition News Alert’, on the Determination of Turnover and Income Regulations, 2024, recently notified by the Competition Commission of India (CCI) on 6th March 2024 for enterprises and Individuals. We trust that you will find the same useful. Looking forward to receiving your valuable feedback. For any […]

Competition News Alert | Settlement and Commitment Regulations 2024

We are pleased to share our latest publication ‘Competition News Alert’, on the Settlement and Commitment Regulations, recently notified by the Competition Commission of India (CCI) on 6th March 2024, pursuant to the recent gazette notification, S.O. 1065(E), dated 5th March 2024, issued by the Government of India, Ministry of Corporate Affairs, whereby it has […]

Legalaxy – Monthly Newsletter Series – Vol X – March, 2024

In the March edition of our monthly newsletter “Legalaxy”, our team analyses some of the key developments in securities market, foreign direct investment, banking and finance, labour, insolvency and liquidation, environment, power, and corporate affairs Below are the key highlights of the newsletter: SEBI issues revised pricing guidelines for institutional placements by privately placed INVITs […]

Bombay High Court: High Court upholds termination of an employee stating that freedom of speech and expression cannot be allowed beyond reasonableness

The Bombay High Court (“HC“) vide its judgement dated December 12, 2023, in the matter of Hitachi Astemo Fie Private Limited v. Nirajkumar Prabhakarrao Kadu [2023 SCC OnLine Bom 2652], while upholding the termination of an employee on account of inciting hate against the company, has held that the freedom of speech and expression cannot […]