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.

23rd Jan, 2019

Informal Guidance pertaining to AIF

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

The Securities and Exchange Board of India (“SEBI”) has issued an informal guidance dated October 17, 2018 to JM Financial Limited (“JMFL”), under ...

23rd Jan, 2019

Informal guidance pertaining to Category III AIF

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

The Securities and Exchange Board of India (“SEBI”) has issued an informal guidance dated January 10, 2019 to KellyGamma Advisors LLP (“Kelly LLP”)...

22nd Jan, 2019

ECB Policy- New Framework

  • Corporate and M&A,
  • Finance

22nd Jan, 2019

Delhi HC on condonation of delay in refiling

  • Disputes & ADR

On December 13, 2018, the Hon’ble Delhi High Court (hereinafter “Delhi HC”) passed judgement in the matter of Narender Kumar Sharma v Maharana Pra...

22nd Jan, 2019

Supreme Court on whether grant of reinstatement with full back wages is valid relief in the case of illegal termination of daily wage labourers

  • Labour & Employment,
  • Disputes & ADR

Recently, the Hon’ble Supreme Court in Deputy Executive Engineer v. Kuberbhai Kanjibhai (Civil Appeal No. 5810 of 2009) has held that a daily wage ...

22nd Jan, 2019

PAM Development Pvt Ltd. v. State of West Bengal & Ors

  • Disputes & ADR

On December 13, 2018, a division Bench of the Hon’ble Calcutta High Court passed a judgment in the matter of PAM Development Pvt Ltd. v. State of W...

21st Jan, 2019

NCLAT on admission of Section 7 application against guarantor when the loan agreements executed by principal borrower have suspended by court

  • Corporate and M&A,
  • Disputes & ADR

On January 16, 2019, the National Company Law Appellate Tribunal (“NCLAT”) in the matter of Export Import Bank of India v. CHL Limited, (Company Ap...

18th Jan, 2019

Monsanto Technology LLC v. Nuziveedu Seeds Limited

  • Disputes & ADR

On 08 January 2019, the Supreme Court (Rohinton Nariman, Navin Sinha, JJ.) passed judgment in Monsanto Technology LLC v. Nuziveedu Seeds Limited, C...

18th Jan, 2019

SC on procedure for appointment of a substitute arbitrator when a nominee arbitrator is disqualified and eligibility of former employee for being appointed as arbitrator

  • Disputes & ADR

The Hon’ble Supreme Court in The Government of Haryana PWD Haryana (B and R) Branch v. G.F. Toll Road Pvt. Ltd. and Ors. (S.L.P. (C) No. 20201 of 2...

18th Jan, 2019

NCLAT on whether initiation of CIRP against Holding Company will preclude initiation of CIRP against Subsidiary Company

  • Corporate Restructuring & Insolvency,
  • Disputes & ADR

On January 16, 2019, the Hon’ble National Company Law Appellate Tribunal passed a judgment in the matter of Ashok B. Jiwrajka, Director of Alok Inf...

15th Jan, 2019

NCLAT decision on whether proceeding against Corporate Guarantor

  • Corporate Restructuring & Insolvency,
  • Disputes & ADR

Hon’ble National Company Law Appellate Tribunal (NCLAT) on January 08, 2019, passed a judgement in the matter of Dr. Vishnu Kumar Agarwal vs Pirama...

15th Jan, 2019

Supreme Court on validity of arbitration clause providing for adjudication under 1940 Act, after enforcement of 1996 Act

  • Disputes & ADR

On May 2, 2018, the Supreme Court of India passed a judgment in the matter of Purushottam Vs. Anil and Ors. (SLP (Civil) No. 14589 of 2016).



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