The Delhi High Court (“Delhi HC”) has, vide its judgement dated May 13, 2025 (“Ruling”), in the case of Oravel Stays Private Limited v. Zostel Hospitality Private Limited, set aside an arbitral award that treated a non-binding term sheet as a binding document and granted the specific performance of certain obligations thereunder. Case History. This matter arose from a dispute […]
In a significant decision with far-reaching consequences for the financial and insolvency ecosystem, the Kerala High Court (“High Court”) in J.C. Flowers Asset Reconstruction Pvt. Ltd. v. State of Kerala adjudicated upon the levy of stamp duty on assignment agreements executed under Section 5 of the Securitisation and Reconstruction of Financial Assets and Enforcement of […]
The Gujarat Stamp (Amendment) Act, 2025 (“Amendment Act”), amends the Gujarat Stamp Act, 1958 (“Principal Act”), marking a significant reform in the state’s fiscal governance. This legislation responds to the evolving dynamics of corporate and real estate transactions, introducing robust mechanisms to enhance compliance, streamline processes, and align with modern commercial needs. Through this article, […]
Minority Investment or Strategic Acquisition –CCI Expands Scope for “Gun Jumping” Since 2011, when the provisions of the Competition Act, 2002 ( the Act) relating to regulation of mergers and acquisitions from competition angle by the Competition Commission of India (CCI/Commission), were notified, and till date, large size corporate transactions between enterprises beyond the high […]
The Competition Act, 2002 mandates the Competition Commission of India (“CCI”) to regulate large sized mergers and acquisitions beyond high value thresholds (in terms of assets or turnovers) prescribed for “combinations” under the Competition Act, 2002 (“the Act”) to assess whether such transactions could adversely affect competition in the relevant markets, It is an ex-ante […]
The National Company Law Tribunal (NCLT) driven merger process, being a cumbersome and time consuming process involved in the implementation of a merger scheme, poses certain inherent challenges to the overall timeline in the completion of the merger process. Therefore with the advent of the Companies Act, 2013, the idea of fast-track mergers was conceptualized […]
