Updates



Quick updates to help our readers stay up to date on various legal and regulatory developments. It is not intended to be an analysis on the subject, but merely a brief snapshot.

11th May, 2020

Delhi HC holds para 27AA of the EPF Scheme, 1952 not to be ultra vires the EPF Act

  • Labour & Employment,
  • Disputes & ADR

The Delhi High Court vide its judgment dated January 10, 2020, in the case of Mahanagar Telephone Nigam Limited (“Appellant”) vs. Union of India an...

30th Apr, 2020

Supreme Court holds that co-obligor owes 'Financial Debt' to creditor

  • Corporate Restructuring & Insolvency,
  • Disputes & ADR

In the recent case of I.K. Agencies Private Limited (formerly Dipco Private Limited) v. Jayesh Sanghrajka (resolution professional of Ariisto Devel...

23rd Apr, 2020

Delhi High Court rules that country-wide lockdown is prima-facie in the nature of Force Majeure

  • Corporate and M&A,
  • Disputes & ADR

21st Apr, 2020

Supreme Court decides upon the limitation period applicable for execution of a foreign decree in India under Section 44A of the Civil Procedure Code

  • Disputes & ADR

International trade is increasing day by day both in terms of value as well as volume for the reasons that are not far to see. Availability and acc...

18th Apr, 2020

FDI Update: Foreign investments into India from countries with which India shares borders will require Government approval.

  • Corporate and M&A,
  • Finance

13th Apr, 2020

IRDAI permits insures to grant moratorium of 3 months to borrowers towards repayment of Term Loans

  • Finance

The Insurance Regulatory and Development Authority of India (“IRDAI”) vide its circular dated April 8, 2020, has permitted insurers to grant a mora...

13th Apr, 2020

Ministry of Corporate Affairs permits companies to conduct EGMs through Video Conferencing and Audio Visual means due to COVID-19

  • Corporate and M&A

The Ministry of Corporate Affairs (“MCA”) vide General Circular No. 14/2020, dated April 8, 2020, has allowed companies to conduct extraordinary ge...

08th Apr, 2020

SEBI penalises two promoter entities of Yes Bank Limited namely – Morgan Credits Private Limited and Yes Capital (India) Private Limited

  • Corporate and M&A,
  • Private Equity & Venture Capital

By an order dated 31st March 2020, Securities Exchange Board of India (SEBI) imposed Rs.1 crore penalty on two promoter entities of Yes Bank Limite...

07th Apr, 2020

Procedure for issuing summons on Corporate Bodies as per the Code of Criminal Procedure; 1973

  • Corporate and M&A,
  • Disputes & ADR

On 14th January 2020, the High Court at Bombay in its decision rendered in the case of Sanjeev S. Malhotra v. The State of Maharashtra & Anr., anal...

05th Apr, 2020

Nahar Builders Ltd. v. Housing Development and Infrastructure Ltd.

  • Corporate Restructuring & Insolvency,
  • Real Estate

On 21st January 2020, the High Court at Bombay gave its decision in the case of Nahar Builders Ltd. v. Housing Development and Infrastructure Ltd. ...

05th Apr, 2020

Stamp of Approval - Finality on the law of stamping of arbitration agreements

  • Real Estate,
  • Disputes & ADR

On February 14, 2020, the Hon’ble Supreme Court in ‘Dharmaratnakara Rai Bahadur Arcot Narainswamy v Bhaskar Raju’ reported in 2020 SCC Online SC 18...

05th Apr, 2020

Companies Fresh Start Scheme, 2020

  • Corporate and M&A

The Ministry of Corporate Affairs (“MCA”) vide general circular no. 12/2020 has introduced the ‘Companies Fresh Start Scheme, 2020 (CFSS-2020)’ (“S...



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