Month: February 2025

Corporate Shields: Supreme Court Reinforces Protection For Directors Against Automatic Liability For businesses, it underscores the need for proactive compliance and governance strategies to navigate India’s evolving regulatory landscape Introduction The relationship between a company and its directors is often misconstrued, particularly in legal proceedings involving corporate misconduct. In the recent judgment of Sanjay Dutt

Gujarat High Court Limitation Period Plea For Challenging Arbitral Award Cannot Be Raised For The First Time In Appeal The Gujarat High Court bench, comprising Chief Justice Sunita Agarwal and Justice Pranav Trivedi, recently ruled that the plea regarding the limitation period for challenging an arbitral award under Section 34 of the Arbitration and Conciliation

Can Law Help You With Your Children If A Victim Of Trump’s Deportation Policy? Can Law Help You With Your Children If A Victim Of Trump’s Deportation Policy? If you’ve been living in the U.S. without legal documents that qualify for your legal stay and now are being deported from the U.S after Trump’s deportation

If you’ve been living in the U.S. without legal documents that qualify for your legal stay and now are being deported from the U.S after Trump’s deportation policy and are wanting to know if at all law can be of any help to protect property or business you’ll have to leave behind in the U.S.

NCLAT Rules That Related Party Status Cannot Be Changed By Termination Notice Contravening Agreement Terms The National Company Law Appellate Tribunal (NCLAT), New Delhi bench, comprising Justice Rakesh Kumar Jain (Judicial Member) and Mr. Naresh Salecha (Technical Member), has ruled that related party status established through an agreement under Section 5(24) of the Insolvency and

NCLAT: Related Party Cannot Assign Debt To Secure Seat In Committee Of Creditors The National Company Law Appellate Tribunal (NCLAT), New Delhi bench, consisting of Justice Ashok Bhushan (Chairperson), Barun Mitra (Technical Member), and Arun Baroka (Technical Member), ruled that a ‘related party’ cannot assign its debt with the sole purpose of securing a seat

Centre Hopes To Raise Deposit Insurance Limit Above Rs.5 Lakh Finance ministry official M Nagaraju remarked that the government would notify when that happens Following the New India Co-operative Bank scam, wherein due to embezzlement, a Rs.122 crore shortfall was revealed, the Centre is considering increasing the deposit insurance limit beyond Rs.5 lakh. M Nagaraju,

Consignments Of Volkswagen Units Not Held: Customs Dept Tells Bombay High Court The next hearing has been scheduled for 20 February Skoda Auto Volkswagen India had recently challenged the Customs Department’s $1.4 billion tax demand in the Bombay High Court, terming it “arbitrary, illegal and exorbitant.” The department claimed the company misclassified Audi, Skoda and

Byju’s CoC Appoints Shailendra Ajmera As New RP At NCLT’s Order The tribunal had observed lapses in the conduct of the former RP, seeking disciplinary action against him Glas Trust, which represents Byju’s US lenders, has told the Bengaluru bench of the National Company Law Tribunal (NCLT) that the beleaguered ed-tech firm’s parent company Think

CCI Releases New Draft Regulations On Predatory Pricing Asks stakeholders to comment by 19 March The Competition Commission of India (CCI) has released the draft CCI (Determination of Cost of Production) Regulations, 2025, to determine the cost of production and update its framework for assessing predatory pricing. This will replace the existing norms set in