by Majmudar & Partners | Feb 1, 2020 | Policy & Governance Updates, Tax
Introduction India’s Union Budget (the “Budget”) was announced on February 1, 2020, and the Finance Bill, 2020 (the “Finance Bill”) was tabled in Parliament. The Finance Act, 2020 can be accessed here. In a nutshell, the government has attempted to pay heed to the...
by Majmudar & Partners | Jan 9, 2020 | Insolvency and Restructuring
At the end of December, the Indian government promulgated the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2019 (the “Ordinance”) to iron out certain issues faced by buyers of assets in a corporate insolvency resolution process (the “CIRP”). While the...
by Majmudar & Partners | Nov 27, 2019 | Insolvency and Restructuring
On November 15, 2019, the Supreme Court (the “Court”) ruled on several contentious aspects of the Insolvency and Bankruptcy Code, 2016 (the “Code”) and put an end to the long-drawn-out litigation in the insolvency resolution process of one of India’s largest steel...
by Majmudar & Partners | Nov 14, 2019 | Foreign Investment, Insurance Law
Background Previously, foreign direct investment (“FDI”) in insurance intermediaries was treated at par with FDI in insurance companies and was restricted up to 49% under the automatic route. Insurance intermediaries (including, insurance brokers, re-insurance...
by Majmudar & Partners | Nov 8, 2019 | Disputes and Arbitration, Technology, Telecommunication and Media
In a recent ruling, a single judge of the Delhi High Court (the “Delhi HC”) has held that a global injunction can be issued for removal of defamatory data, if the data has originally been uploaded from a computer resource in India. We have discussed the Delhi HC’s...
