by Majmudar & Partners | Mar 27, 2024 | Technology, Telecommunication and Media
Download .pdf In the case of Kunal Kamra v. Union of India, on January 31, 2024, the petitioners challenged the constitutional validity of the 2023 amendment (the “2023 Amendment”) made to Rule 3(1)(b)(v) (pertaining to due diligence by an intermediary) (the “Impugned...
by Majmudar & Partners | Dec 14, 2023 | Disputes and Arbitration
A seven-judge bench of the Supreme Court has overruled the judgement of a five-judge bench rendered in April this year in N.N.Global Mercantile Pvt. Ltd. v M/s. Indo Unique Flame Ltd. And Ors., in which a 3:2 majority held that arbitration agreements on which...
by Majmudar & Partners | Dec 7, 2023 | Banking and Finance, General, Insolvency and Restructuring
Download .pdf In the recent case of Dilip B. Jiwrajka v. Union of India (Writ Petition (Civil) No. 1281 of 2021), the Constitutional Bench of the Supreme Court (the “SC”) upheld the constitutionality of Sections 95 to 100 of the Insolvency and Bankruptcy Code, 2016...
by Majmudar & Partners | Nov 29, 2023 | Corporate/M&A, General, Securities Law
Download .pdf Last month, India’s Ministry of Corporate Affairs (the “MCA”) notified the Companies (Prospectus and Allotment of Securities) Second Amendment Rules, 2023 (the “Amendment Rules”), that amended the Companies (Prospectus and Allotment of Securities) Rules,...
by Majmudar & Partners | Nov 20, 2023 | Disputes and Arbitration
Download .pdf In Unibros v. All India Radio, India’s Supreme Court (the “SC”) set aside an arbitral award that allowed a claim for damages without any proof of the claimant having suffered injury, thereby rendering the award as being in conflict with India’s public...
