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 […]
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 […]
