Month: July 2023

Karnataka High Court: Loan default no reason to curtail travel of citizen The petitioner was neither an accused in any crime, nor sought to be made one; he was only a loan guarantor The Karnataka High Court has reiterated that a Look Out Circular (LOC) cannot be misused by banks to violate a citizen’s right

Shaobin Zhu to lead Morgan Lewis & Bockius’ new office in Shenzhen One of the top 10 US law firms currently has almost 90 lawyers in China Morgan Lewis & Bockius is set to expand in China with the launch of an office in the booming southern city of Shenzhen. The new office will be

Image generated used Dall E [This post is a part of the IP History series and is authored by Shivam Kaushik. Shivam is a 2020 law graduate from Benaras Hindu University and is presently working as a law researcher at the Delhi High Court. The first post of the series on India and the Berne

Reinstated employee not automatically entitled to back wages: Supreme Court The person would have to prove that he/she was not gainfully employed during the relevant period The Supreme Court has reiterated that an order to reinstate an employee back to service does not mean he would be automatically entitled to back wages. In the Ramesh

National Highway Authority and PWD ordered to pay Rs. 50k to petitioner for not mending NH-66 The matter will be heard on 9 August The Bombay High Court has imposed a fine of Rs.50,000 for litigation expenses on the National Highway Authority of India (NHAI) and the state Public Works Department (PWD) for breach of

NCLT Mumbai Approves Demerger of Financial Services Unit of Reliance The Mumbai bench of the National Company Law Tribunal (NCLT) has approved the demerger of the financial services business of Reliance Industries, a Mukesh Ambani-led conglomerate. The division member bench of H.V. Subba Rao (Judicial Member) and Madhu Sinha (Technical Member) were adjudicating the petition

NCLT: Speculative Homebuyer is Not Entitled to any Payment from Corporate Debtor in the name of ‘Buy Back Consideration’ The National Company Law Tribunal (NCLT), Delhi by its division member bench of Ashok Kumar Bhardwaj (Judicial Member) and L.N. Gupta (Technical Member) observed that speculative homebuyer is not entitled to any payment from corporate debtor

Centre Appoints Justice Sheo Kumar Singh as Acting Chairperson of National Green Tribunal The Central Government has appointed Justice Sheo Kumar Singh-I, Judicial Member of the National Green Tribunal (NGT), to act as the Chairperson of the NGT until the date on which a new Chairperson is appointed. The Union Ministry of Environment, Forest and

Khaitan & Co acted for Strata Geosystems (India) Private Limited Khaitan & Co, a prominent Indian law firm, provided legal counsel to Strata Geosystems (India) Private Limited and its shareholders, including Omnitex Industries (India) Limited, Strata Systems, Incorporated, and Glen Raven Technical Fabrics, LLC. The advisory was regarding the acquisition of a majority stake in

Permanent Court of Arbitration Hague Rejects India’s Objections over Water Treaty Arbitration The Permanent Court of Arbitration (PCA) in Hague has rejected India’s six objections challenging the Court’s jurisdiction to hear the case about the controversial designs of 330-MW Kishenganga and 850-MW Ratle hydropower projects that India is building on Pakistan’s rivers Jhelum and Chenab.