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.

22nd Jan, 2019

PAM Development Pvt Ltd. v. State of West Bengal & Ors

  • Disputes & ADR

On December 13, 2018, a division Bench of the Hon’ble Calcutta High Court passed a judgment in the matter of PAM Development Pvt Ltd. v. State of W...

21st Jan, 2019

NCLAT on admission of Section 7 application against guarantor when the loan agreements executed by principal borrower have suspended by court

  • Corporate and M&A,
  • Disputes & ADR

On January 16, 2019, the National Company Law Appellate Tribunal (“NCLAT”) in the matter of Export Import Bank of India v. CHL Limited, (Company Ap...

18th Jan, 2019

Monsanto Technology LLC v. Nuziveedu Seeds Limited

  • Disputes & ADR

On 08 January 2019, the Supreme Court (Rohinton Nariman, Navin Sinha, JJ.) passed judgment in Monsanto Technology LLC v. Nuziveedu Seeds Limited, C...

18th Jan, 2019

SC on procedure for appointment of a substitute arbitrator when a nominee arbitrator is disqualified and eligibility of former employee for being appointed as arbitrator

  • Disputes & ADR

The Hon’ble Supreme Court in The Government of Haryana PWD Haryana (B and R) Branch v. G.F. Toll Road Pvt. Ltd. and Ors. (S.L.P. (C) No. 20201 of 2...

18th Jan, 2019

NCLAT on whether initiation of CIRP against Holding Company will preclude initiation of CIRP against Subsidiary Company

  • Corporate Restructuring & Insolvency,
  • Disputes & ADR

On January 16, 2019, the Hon’ble National Company Law Appellate Tribunal passed a judgment in the matter of Ashok B. Jiwrajka, Director of Alok Inf...

15th Jan, 2019

NCLAT decision on whether proceeding against Corporate Guarantor

  • Corporate Restructuring & Insolvency,
  • Disputes & ADR

Hon’ble National Company Law Appellate Tribunal (NCLAT) on January 08, 2019, passed a judgement in the matter of Dr. Vishnu Kumar Agarwal vs Pirama...

15th Jan, 2019

Supreme Court on validity of arbitration clause providing for adjudication under 1940 Act, after enforcement of 1996 Act

  • Disputes & ADR

On May 2, 2018, the Supreme Court of India passed a judgment in the matter of Purushottam Vs. Anil and Ors. (SLP (Civil) No. 14589 of 2016).

09th Jan, 2019

Commissioner of Central Excise and Service Tax, Noida v. Sanjivani Non-Ferrous Trading Private Limited

  • Indirect Tax,
  • Disputes & ADR

On 10 December 2018, the Hon’ble Supreme Court dismissed Appeals filed by the Commissioner of Central Excise and Service Tax, Noida (Commissioner o...

09th Jan, 2019

Bombay High Court on ambit of injunctions in the context of disparaging advertisements

  • Disputes & ADR

On 13 December 2018, the High Court of Bombay passed a judgment, on appeal from the Single Judge, in Gujarat Co-operative Milk Marketing Federation...

09th Jan, 2019

Supreme Court on whether Court has discretion to levy penalty of less than 10 times for impounding inadequately stamped instrument

  • Disputes & ADR

On 14 December 2018, the Supreme Court of India passed judgement in Gangappa v Fakkirappa (Civil Appeal No. 11932 of 2018). The appeal arose from a...

04th Jan, 2019

Clarification from CBDT regarding Scope of Applicability of Section 56(2)(viia), Income Tax Act, 1961

  • Disputes & ADR

Representations were made before the CBDT about the scope of the applicability of Section 56(2)(viia) of the Income Tax Act, 1961 ("IT Act"), insof...

04th Jan, 2019

RBI Circular - Micro, Small and Medium Enterprises (MSME) sector – Restructuring of Advances

  • Finance

On January 1, 2019, the Reserve Bank of India (“RBI”) issued a circular (“Circular”) in connection with the restructuring of advances availed by Mi...



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