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.

25th Aug, 2020

Tripura HC, inter-alia, decides upon the issue of applicability of Payment of Gratuity Act to a municipality, which had adopted CCS (Pension) Rules, 1972

  • Labour & Employment,
  • Disputes

The High Court of Tripura on May 29, 2020 in the case of Samir Kumar Ghosh v. The State of Tripura, had dealt with the issue of applicability of Pa...

25th Aug, 2020

Delhi HC holds that past non-performance of a contractor cannot be condoned due to Covid-19 lockdown

  • Disputes

25th Aug, 2020

IRDAI relaxes dividend criteria for Equity Investments

  • Private Equity & Venture Capital,
  • Finance

24th Aug, 2020

RBI directs implementation of system-based asset classification in urban co-operative banks

  • Finance

24th Aug, 2020

Kerala HC holds that secured creditor can claim priority for sale and payment over statutory charges and decides upon the effect of the unnotified amendments to SARFAESI

  • Finance,
  • Disputes

The Kerala High Court vide its judgment dated May 19, 2020, in the case of Travancore Devaswom Board v. The Deputy Examiner, Local Fund Audit and o...

24th Aug, 2020

CCI: Bank acting under SARFAESI for recovery cannot be termed as a dominant entity under Competition Act, 2002

  • Finance,
  • Competition

The Competition Commission of India (“CCI”) vide its order dated May 14, 2020 in the matter of RH Agro Private Limited v. State Bank of India and o...

24th Aug, 2020

Supreme Court: Liability of previous electricity dues of the last owner can be recovered from the purchaser purchasing in an

  • Disputes

The Supreme Court vide its judgment dated June 1, 2020, in the matter of Telangana State Southern Power Distribution Company Limited and Ors. v. Sr...

24th Aug, 2020

Chhattisgarh HC: Amount under S. 13(2) notice is to be considered for calculating the deposit amount under S. 18 and not any subsequent interest

  • Finance,
  • Disputes

The Chhattisgarh High Court vide its judgment dated May 18, 2020 in the matter of Shri Mohan Products Private Limited v. State Bank of India and or...

22nd Aug, 2020

SEBI amends the International Financial Services Centres Guidelines, 2015

  • Finance

The Securities and Exchange Board of India has vide its circular bearing no. SEBI/HO/MRD1/DSAP/CIR/P/2020/154 dated August 21, 2020 (“Circular 1”) ...

22nd Aug, 2020

RBI lays down framework for authorisation of pan-India Umbrella Entity for Retail Payments

  • Corporate and M&A,
  • Finance

21st Aug, 2020

RBI notifies Online Dispute Resolution (ODR) System for Digital Payments

  • Finance,
  • Disputes,
  • Technology and Data Privacy

19th Aug, 2020

Master Circular on Depositories amended to provide that records of depositories must be preserved for 8 years

  • Corporate and M&A



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