Madras High Court rejects enforcement of a foreign arbitration award which was passed without considering FEMA violations and fraud in share valuations

In a landmark verdict, the Hon’ble Madras High Court (“Madras HC”), in the case of Aapico Hitech Public Company Limited and Another v. Sakthi Auto Component Limited [Arbitration Original Petition No. 296 of 2021] (“Judgement”), in its judgment dated February 3, 2023, has rejected enforcement of a foreign arbitration award on the ground that it […]

GST Cafe | Circulars issued pursuant to 50th GST Council Meeting

We are pleased to share with you a copy of our latest publication of GST Café, a briefing on recent circulars issued by the Central Board of Indirect Taxes and Customs (‘CBIC’) pursuant to the recommendations made by GST Council in the 50th GST Council Meeting. We trust that you will find the same useful. Looking […]

Legalaxy – Monthly Newsletter Series – Vol II – July, 2023

We are pleased to share with you the link to our newsletter “Legalaxy” for July 2023, providing updates on the recent and relevant legal developments in India. Below are the key highlights of the newsletter: SEBI LODR (Second Amendment) Regulations, 2023, notified by SEBI SEBI tightens disclosure and ownership norms for FPIs and halves IPO listing […]