14th May, 2020

Bombay HC adjudicates upon enforcement of a foreign award rendered by the SIAC as a decree of the court

• Disputes & ADR

The Bombay High Court recently, vide its judgment dated April 30, 2020 in the case of Banyan Tree Growth Capital L.L.C. vs. Axiom Cordages Ltd. & o...

13th May, 2020

Cal HC decides upon the fate of arbitration agreements when an old contract containing it, is substituted by a new contract

• Disputes & ADR

The Calcutta High Court vide its judgment dated February 19, 2020 in the case of The Indian Golf Union & Ors. vs. West Bengal Golf Society & Ors. F...

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...

27th Apr, 2020

SEBI has issued Informal Guidance pertaining to Extraterritorial Compliance with the provisions of SEBI LODR Regulations

• Corporate and M&A

In an informal guidance issued to KCP Limited (“KCP”) under the SEBI (Informal Guidance) Scheme, 2003, the Securities and Exchange Board of India (...

27th Apr, 2020

SEBI HAS ISSUED INFORMAL GUIDANCE TO PERMIT FPI TO ONLY PURCHASE OR SELL EQUITY INSTRUMENTS OF LISTED OR TO BE LISTED INDIAN COMPANIES

• Corporate and M&A

In an informal guidance issued to IPFII Singapore 4 Pte Ltd (“IPFII”) under the SEBI (Informal Guidance) Scheme, 2003, the Securities and Exchange ...

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...