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.

29th Nov, 2019

Bombay High Court on process to be followed for declaring a non-wholetime non-promoter director as Wilful Defaulter

  • Corporate and M&A,
  • Disputes

28th Nov, 2019

Application u/s 11 of Arbitration Act cannot be dismissed on grounds of limitation

  • Disputes

On November 27, 2019, the Supreme Court passed an order in the matter of M/s. Uttarakhand Purv Sainik Kalyan Nigam Limited v. Northern Coal Field L...

26th Nov, 2019

CCI (General) Amendment Regulations, 2019

  • Competition

26th Nov, 2019

SEBI - Disclosure of default by listed entities

  • Corporate and M&A,
  • Finance

On November 21, 2019, the Securities and Exchange Board of India (“SEBI”) issued a circular on ‘Disclosures by listed entities of defaults on payme...

25th Nov, 2019

Decisions taken by SEBI in its board meeting

  • Corporate and M&A

The Securities and Exchange Board of India (“SEBI”), in its meeting held on November 20, 2019, took, inter alia, the following decisions:

21st Nov, 2019

Cal HC-Single application under Sec 17 can be filed for challenging separate notices under Sec 13(4) of the SARFAESI Act, pertaining to different secured assets for a single debt

  • Finance,
  • Disputes

In the matter of Ramsay Exim and Technology Private Limited v. ICICI Bank Limited, the issue which came for consideration before the Calcutta High ...

21st Nov, 2019

Amendment of threshold for related party transactions

  • Corporate and M&A

On November 18, 2019, the Ministry of Corporate Affairs issued a notification to amend the Companies (Meetings of Board and its Powers) Rules, 2014...

21st Nov, 2019

Cal HC on 'readiness' and 'willingness' being important ingredients for grant of a decree for specific performance

  • Disputes

In a recent judgment dated October 1, 2019 passed by the Calcutta High Court in the matter of Shivshankar Resources Ltd. & Ors. ("Appellants") vs. ...

18th Nov, 2019

Kerala HC issues rules on guardianship of people in comatose stage

  • Disputes

An interesting statutory lacuna has been noticed by several High Courts in the country, inter alia, the Bombay, Allahabad, Delhi and Kerala High Co...

15th Nov, 2019

Calcutta High Court on whether approval of Resolution Plan under IBC discharges the Guarantors

  • Corporate Restructuring & Insolvency,
  • Disputes

In a recent judgment dated November 13, 2019 passed by the Calcutta High Court in the matter of Gouri Shankar Jain ("Petitioner") vs. Punjab Nation...

14th Nov, 2019

Supreme Court on Illegality as a defence

  • Disputes

Illegality, as a defence, to deny claim of a party to an illegal agreement to enforce other party’s end of bargain has seen a lot of traction now d...

14th Nov, 2019

Continuing consequences of compulsory delisting - SEBI's informal guidance

  • Corporate and M&A

In a recent informal guidance issued to Goldcrest Corporation Limited (“GCL”) under the SEBI (Informal Guidance) Scheme, 2003, the Securities and E...



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