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.

10th Dec, 2019

RBI-Bar on acquiring financial assets by Asset Reconstruction Companies from sponsors and lenders

  • Finance

10th Dec, 2019

IBBI (Insolvency Resolution Process for Corporate Persons) (Third Amendment) Regulations, 2019

  • Corporate Restructuring & Insolvency

The Insolvency and Bankruptcy Board of India (“IBBI”) has notified the IBBI (Insolvency Resolution Process for Corporate Persons) (Third Amendment)...

09th Dec, 2019

SEBI proposes Two Important Amendments to SEBI’s AIF Regulations

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

The Securities and Exchange Board of India (“SEBI”) has issued a consultation paper proposing for certain changes to the current regulatory regime ...

04th Dec, 2019

SEBI's informal guidance on 'designated person' and restriction on contra trade under the SEBI (Prohibition of Insider Trading) Regulations, 2015

  • Corporate and M&A

The Securities and Exchange Board of India (“SEBI”) has issued an informal guidance on November 25, 2019 to Arvind Limited (“Company”), under the S...

04th Dec, 2019

Personal Data Protection Bill, 2018, receives the Cabinet’s Nod

  • Technology and Data Privacy

29th Nov, 2019

Madras High Court on applicability of Bonus Act to a factory established by a not for profit Trust

  • Labour & Employment,
  • Disputes & ADR

In a relatively recent decision of the Madras High Court, rendered in the case of Management Of Worth Trust v. The Presiding Officer [W.A.No.1732 o...

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 & ADR

28th Nov, 2019

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

  • Disputes & ADR

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 & ADR

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



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