The Delhi High Court (“DHC”) has, in the case of M/s. Halliburton Offshore Services Incorporated v. Vedanta Limited and Others (decided on April 20, 2020) temporarily injuncted Vedanta Limited (“Vedanta”) from encashing bank guarantees issued on behalf of Halliburton Offshore Services (“Halliburton”) as the lockdown due to Covid-19 would prima facie amount to force majeure. […]
The Supreme Court (“SC”) in the case of National Agricultural Co-operative Marketing Federation of India (NAFED) v. Alimenta SA (decided on April 22, 2020) held that foreign arbitration awards against NAFED is ex facie illegal, and in contravention of fundamental law, as no export without the requisite permissions was permissible and without the consent of […]
The High Court of Rajasthan (“RHC”) has, by its order dated April 7, 2020 (“Order”), held that an approved resolution plan under the Insolvency and Bankruptcy Code, 2016 (“IBC”) is binding on government authorities and consequently quashed the notices seeking payment of excise duty and services tax issued by the Goods and Service Tax department […]
The Competition Commission of India (“Commission / CCI”) has invited public comments on the proposed amendment to the Competition Commission of India (Procedure in regard to the transaction of business relating to combinations) Amendment Regulations, 2020 (“Combination Regulations”). The proposed amendment omits Paragraph 5.7 from FORM I filings which seeks information regarding non-compete restrictions agreed […]
We are pleased to share with you the copy of our latest publication of GST Café, a briefing on the amendment of rules prescribed under the Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019. We trust that you will find the same useful. Looking forward to receiving your valuable feedback. For any further information/ clarification, please […]
We are pleased to share with you the copy of our latest publication of GST Café, a briefing on the amendment of rules prescribed under the Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019. We trust that you will find the same useful. Looking forward to receiving your valuable feedback. For any further information/ clarification, please […]
