When the financial markets are on a decline, company managements tend to utilize it as an opportunity to delist shares from stock exchanges. Not only is there a perception that the depressed market price is far from reflecting the true value of the company, but it also provides the promoters the ability to acquire the
... Continue Reading.Month: May 2020
The Delhi High Court on a Test for “Sectoral Regulators”
[Karan Kamath is a 2020 B.A. LL.B. (Hons.) graduate from Symbiosis Law School, Pune] The Delhi High Court in Monsanto Holdings Pvt. Ltd. v. Competition Commission of India (20 May 2020) ruled that the Supreme Court’s determination in CCI v. Bharti Airtel Ltd.(2018) is not applicable to the Controller of Patents. It also ruled that
... Continue Reading.Pravakar Mallick & Anr. vs. The State of Orissa & Ors.
IN THE SUPREME COURT OF INDIA CIVIL APPEAL NO.3240 OF 2011PetitionerPravakar Mallick & AnrRespondentThe State of Orissa & Ors.Date of Judgement17th April, 2020BenchThe Hon’ble Justice R. Subhash Reddy Facts The writ petition challenging the resolution passed by the Government of Orissa withdrawing the earlier instructions, for fixation of seniority of Scheduled Caste/Scheduled Tribe (SC/ST)
... Continue Reading.DELHI HIGH COURT ALLOWS DAMAGES TO GLOBAL SOFTWARE COMPANIES FOR COPYRIGHT INFRINGEMENT
The Delhi High Court has recently passed a Judgment dated 26-05-2020 in Microsoft Corporation and Others vs Satveer Gaur and Anr, where the #Court held the Defendants liable for #copyrightinfringement of the Plaintiff’s #softwares. In the present case, #Microsoft Corporation, USA, Microsoft Corporation Pvt Ltd, India, #Adobe Systems, USA, #Quest Software Inc, USA (Plaintiffs) had
... Continue Reading.SUPREME COURT OF SINGAPORE DISMISSES RANBAXY CHALLENGE OF AWARD IN FAVOUR OF DAIICHI SANKYO
The long battle fought between the previous owners of #Ranbaxy Laboratories Limited (“RLL Company”) and the Japanese multi-national pharmaceutical company, #Daiichi Sankyo Company Ltd (“DSC”’) has finally being decided by the #Singapore Court of Appeal vide Judgment dated 28.05.2020 in favour of DSC making RLL liable to pay the awarded sum of INR 25 billion
... Continue Reading.DELHI HIGH COURT REJECTS COVID-19 AS A PLEA FOR BREACH OF CONTRACT
The Delhi High #Court has recently passed a Judgment dated 29-05-2020 in M/S Halliburton Offshore Services Inc. vs #Vedanta Limited and Anr., where the Court held that the Petitioner, M/S #Halliburton Offshore Services Inc, USA, cannot take the plea of force majeure to justify non-performance of its contractual obligations. In this case, the Petitioner and
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