Lakshmikumaran and Sridharan advised ETS on Series C funding round in Leverage Edu along with other investors Lakshmikumaran and Sridharan (LKS) acted as legal advisors to Educational Testing Service (ETS) and another co-investor on the Series C funding round for Leverage Edu. The round was led by ETS, a renowned US-based entity, along with prominent
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ITAT: Once sub-registrar accepts, IT department cannot term sale consideration illegal Deletes the addition made by the assessing officer and confirmed by the CIT (A) The Surat bench of the Income Tax Appellate Tribunal (ITAT) has held that once the sale consideration is accepted by the sub-registrar local (revenue) or the concerned sub-registrar, the Income
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NGT Constitutes Committee to Probe Bihar Gas Leak Tragedy and Assess Compensation The Eastern Bench of the National Green Tribunal (NGT) has formed a three-member committee to investigate the allegations of an ammonia gas cylinder leakage at a dairy in Hajipur, Bihar, on June 25. The committee is tasked with submitting a comprehensive report on
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DSK Legal represented Appcino and its Promoter Group in its acquisition by Xebia India DSK Legal represented and advised Appcino Technologies Private Limited (“Company”) and its Promoter Group in relation to the sale and purchase of the Promoter Group’s equity shares culminating to 100% acquisition of the Company by Xebia India Holding B.V. (“Acquirer”), based
... Continue Reading.[Dhanshitha Ravi and Santosh S are third and final year law students respectively at Symbiosis Law School, Pune] The United Kingdom High Court (“UKHC”) on the 12 May 2023 delivered a landmark judgment in the realm of corporate jurisprudence in a first of its kind climate-change based derivative action in ClientEarth v. Shell plc. This
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The article ‘International Criminal Justice Day’ highlights the importance of providing support, reparations, and access to justice for victims, who often suffer long-lasting physical, emotional, and psychological trauma. International Criminal Justice Day | 17th July International Criminal Justice Day is observed on July 17th each year to promote and raise awareness about the importance of
... Continue Reading.[Lavanya Pathak and Pallavi Mishra are advocates practicing at the Delhi High Court. This is a continuation from Part I] Position Taken by High Courts at Bombay, Delhi and Madras The recent judgements rendered by High Courts at Bombay, Delhi and Madras (discussed below) are instructive when it comes to offering clarity on the SC’s
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Rajiv Gandhi National University of Law, Punjab is organising a two-credit course Discussing the issues under International Taxation and Double Tax Avoidance Agreements along with their Interpretation. About RGNUL Rajiv Gandhi National University of Law (RGNUL), Punjab, was established by the State Legislature of Punjab by passing the Rajiv Gandhi National University of Law, Punjab
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Supreme Court: Completed/Unabated Assessments Can be Re-Opened by AO Subject to Fulfilment of Conditions Envisaged under Sections 147/148 of Income Tax Act The Supreme Court has observed that completed/unabated assessments could be re-opened by the Assessing Officer (AO) in exercise of powers under Sections 147/148 of the Income Tax Act, 1961 subject to fulfilment of
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Delhi High Court: Issues Relating to Conduct of Arbitration/Arbitral Fees are Not Relevant Under Section 29A of Arbitration & Conciliation Act The Delhi High Court has observed that it is a well settled law that the Court while considering an application under Section 29A of the Arbitration and Conciliation Act, 1996 (A&C Act) is only
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