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.

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 & ADR

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 & ADR

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 & ADR

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 & ADR

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 & ADR

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...

05th Feb, 2019

SC on whether there is bar on MD of company being appointed as arbitrator in an pre-amendment scenario

  • Disputes & ADR

The main issues which fell for consideration before the Hon’ble Supreme Court were: Whether in light of the pending arbitral proceeding the res...

05th Feb, 2019

Bom HC on whether the report of bailiff on a summons issued by a Court could be said to be public document under Evidence Act

  • Disputes & ADR

04th Feb, 2019

Bombay HC - Additional structures without consent of the flat holders

  • Real Estate,
  • Disputes & ADR

The Hon’ble Bombay High Court on January 25, 2019 passed a judgment in the matter of Shri Vitthal Laxman Patil v Kores (India) Pvt. Ltd Real Estate...

04th Feb, 2019

Reshma Majeed v. Shameer Babu (High Court of Kerala)

  • Disputes & ADR

On 15 January 2019, the High Court of Kerala, in Reshma Majeed v. Shameer Babu (OP (FC) No.228/2018), held that the lawyer for the opposite party m...



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