The Calcutta High Court (“Calcutta HC”) has, in its judgement dated June 23, 2023, in the matter of Jaldhi Overseas Private Limited v. Steer Overseas Private Limited [(2023) SCC OnLine Cal 1628], held that courts cannot re-appreciate the evidence or substitute its view with that of the arbitrator while considering the issue of enforcement of […]
We are pleased to share with you the link to our newsletter “Legalaxy” for August 2023, providing updates on the recent and relevant legal developments in India. Below are the key highlights of the newsletter: SEBI specifies BRSR Core Framework for Assurance and ESG Disclosures for Value Chain and its applicability SEBI notifies (Alternative Dispute Resolution […]
As per the extant guidelines on overseas investments, alternative investment funds (“AIFs”) and venture capital funds (“VCFs”) had a time limit of 6 months from the date of obtaining prior approval from Securities and Exchange Board of India (“SEBI”) for making allocated investments in offshore venture capital undertakings. In case the applicant AIFs/ VCFs do […]
A five-member bench of the National Company Law Appellate Tribunal, Principal Bench, New Delhi (“NCLAT”) in the case of Union Bank of India v. Dinkar T. Venkatasubramanian [Company Appeal (AT) (Ins.) No. 729 of 2020], in its judgment dated May 25, 2023, held that NCLAT can recall its judgments by the virtue of inherent power […]
We are pleased to share with you a copy of our latest publication of GST Café, a briefing on notification issued by CBIC wherein e-invoicing has been mandated for taxpayers having aggregate turnover exceeding Rs. 5 crores. We trust that you will find the same useful. Looking forward to receiving your valuable feedback For any further […]
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 […]
