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.

13th Feb, 2019

Arbitration- Delhi HC on whether challenge to jurisdiction of an arbitrator under Section 16 can be raised for the first time during Section 34 application and whether Schedule V provides for mandatory disqualification

  • Disputes

In the attached judgment the issue which fell for consideration before the Hon’ble Delhi High Court was whether the challenge to the jurisdiction o...

13th Feb, 2019

Appellare Tribunal PMLA-If property mortgaged with a secured creditor cannot be attached for recovery of government dues, such as PMLA

  • Corporate Restructuring & Insolvency,
  • Disputes

The Appellate Tribunal for SAFEMA, FEMA, PMLA, NDPS, PBPT Act, New Delhi, on January 2, 2019 in the case of Punjab National Bank vs The Deputy Dire...

13th Feb, 2019

Statement on Developmental and Regulatory Policies

  • Finance

The Reserve Bank of India (“RBI”) vide a press release dated February 7, 2019, has issued the ‘Statement on Developmental and Regulatory Policies’ ...

13th Feb, 2019

Mumbai Municipal Corporation (Second Amendment) Act, 2018

  • Real Estate

On December 17, 2018, pursuant to receipt of the consent of the governor of Maharashtra, the Mumbai Municipal Corporation (Second Amendment) Act, 2...

12th Feb, 2019

Gazette Notification of the Companies (Significant Beneficial Ownership) Amendment Rules, 2019

  • Corporate and M&A

The Ministry of Corporate Affairs, on February 8, 2019, issued a notification in respect of the Companies (Significant Beneficial Owners) Amendment...

12th Feb, 2019

MP HC- where the agreement is silent about 'seat', whether jurisdiction conferred basis 'venue'

  • Disputes

In the instant case the issue which fell for consideration before the Hon’ble Madhya Pradesh High Court was whether in the light of the clause whic...

08th Feb, 2019

K. Sashidhar v. Indian Overseas Bank & Ors.

  • Corporate Restructuring & Insolvency,
  • Disputes

On February 5, 2019, the Supreme Court (“SC”) passed its order in the case of K. Sashidhar v. Indian Overseas Bank & Ors. (Civil Appeal No. 10673 o...

08th Feb, 2019

RBI Circular | ECB for resolution applicants

  • Finance

The Reserve Bank of India (“RBI”), vide a circular dated February 7, 2019 (“Circular”), has relaxed the end-use restrictions stipulated in the circ...

08th Feb, 2019

Kerala HC on Section 34(4) of Arbitration Act

  • Disputes

In the captioned matter the Hon’ble Kerala High Court discussed about the availability of recourse under section 34(4) of the Arbitration and Conc...

08th Feb, 2019

SC on essential ingredient of Section 38 of Specific Relief ActSC on essential ingredient of Section 38 of Specific Relief Act

  • Corporate and M&A,
  • Disputes

On 06 February 2019, the Supreme Court (R. Banumathi, R. Subhash Reddy, JJ.) passed a judgment in Balakrishna Dattatraya Galande v. Balakrishna Ram...

06th Feb, 2019

Cal HC on whether non-stampability of document ground for rejection of Section 11 application, where the instrument not required to be stamped at the time of execution

  • Real Estate,
  • Disputes

The Hon’ble High Court of Calcutta (“Court”), in the case of Sri. Bimal Chandra Roy v. Smt. Sobha Ghatak & Anr. (A.P. No. 927 of 2017), held that a...

05th Feb, 2019

Ombudsman Scheme for Digital Transactions 2019

  • Finance

The Reserve Bank of India (“RBI”) vide a notification dated January 31, 2019, introduced the ‘Ombudsman Scheme for Digital Transactions 2019’ (“Sch...



Our Offices

Mumbai

11, 1st Floor, Free Press House
215, Nariman Point
Mumbai – 400021

+91 22 67362222

Delhi

7A, 7th Floor, Tower C, Max House,
Okhla Industrial Area, Phase 3,
New Delhi – 110020

+91 11 6904 4200

Bengaluru

68 Nandidurga Road
Jayamahal Extension
Bengaluru – 560046

+91 80 46462300

Kolkata

Binoy Bhavan
3rd Floor, 27B Camac Street
Kolkata – 700016

+91 33 40650155/56

DISCLAIMER

The rules of the Bar Council of India do not permit advocates to solicit work or advertise in any manner. This website has been created only for informational purposes and is not intended to constitute solicitation, invitation, advertisement or inducement of any sort whatsoever from us or any of our members to solicit any work in any manner. By clicking on 'Agree' below, you acknowledge and confirm the following:

a) there has been no solicitation, invitation, advertisement or inducement of any sort whatsoever from us or any of our members to solicit any work through this website;

b) you are desirous of obtaining further information about us on your own accord and for your use;

c) no information or material provided on this website is to be construed as a legal opinion and use of this website will not create any lawyer-client relationship;

d) while reasonable care has been taken in ensuring the accuracy of the contents of the website, Argus Partners shall not be responsible for the results of any actions taken on the basis of information provided in this website or for any error or omission in the website; and

e) in cases where the user has any legal issues, the user must seek independent legal advice.