The Delhi High Court, vide its judgement dated January 24, 2024, in the matter of Vingro Developers Private Limited v. Nitya Shree Developers Private Limited and Others [ARB.P. 667/2023], has held that directors of a company cannot be made a party to an arbitration proceeding which has been initiated against the company by the virtue […]
The National Company Law Appellate Tribunal, Principal Bench, New Delhi (“NCLAT”), in its judgement dated January 11, 2024, in the matter of Sainik Industries Private Limited v. Ritesh Raghunath Mahajan, Resolution Professional, Indian Sugar Manufacturing Company Limited [Company Appeal (AT) (Insolvency) No. 1614 of 2023], has held that the security of refund of the advance […]
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 […]
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 […]
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 […]
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 […]
