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 […]
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 […]
The National Company Law Tribunal, Hyderabad (“NCLT”), in the matter of Viceroy Hotels Limited [CP (IB) No. 219/7/HDB/2017], vide its order dated June 9, 2023, has rejected the resolution plan approved by the Committee of Creditors (“CoC”) on account of non-compliance of Regulation 36B (4A) (Request for resolution plan) of the Insolvency and Bankruptcy Board […]
The Delhi High Court (“Delhi HC”) has, in its judgement dated June 2, 2023, in the matter of B. L. Kashyap and Sons Limited v. Mist Avenue Private Limited [Commercial Arbitration 190/2019], held that an arbitration clause contained in a contract would perish with its novation if the novated contract does not contain any arbitration […]
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 […]
We are pleased to share with you a copy of our latest publication of GST Café, a briefing on the recent advisory issued by GSTN, wherein a new functionality has been introduced i.e., to intimate the taxpayer regarding the differences between liabilities declared in GSTR 1 and GSTR 3B returns. We trust that you will […]
