Author: Legal 60

[The post is co-authored with Vikram Raj Nanda. A big thanks to Swaraj and Praharsh for their inputs.] In a detailed 262-page order (pdf) dated 12th September, 2025, Dr Usha Rao, the Deputy Controller of Patents and Designs, annulled Novartis’ patent over its cardiac drug ‘Vymada’ (marketed internationally as ‘Entresto’). The Controller had cumulatively dealt

ITAT Kolkata Dismisses Appeal as Assessee Opts for Amicable Settlement Under DTVSV Scheme 2024 Introduction The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) dismissed an appeal filed by the assessee after she voluntarily chose to settle her tax dispute under the Direct Tax Vivad Se Viswas (DTVSV) Scheme, 2024. The decision reflects the

Khaitan & Co advised Kaynes Semicon Private Limited on its strategic collaboration with Alpha and Omega Semiconductor The leading law firm in India, Khaitan & Co advised Kaynes Semicon Private Limited (Kaynes) on its strategic collaboration with Alpha and Omega Semiconductor (AOS), pursuant to which Kaynes has been engaged by AOS for the assembling, testing,

SEBI Introduces Framework to Streamline Transfer of Portfolio Management Services OVERVIEW The Securities and Exchange Board of India (“SEBI”) has by a Circular dated October 24, 2025, introduced a framework for the transfer of Portfolio Management Service (“PMS”) businesses from one Portfolio Manager to another. The circular seeks to simplify the regulatory process and facilitate

Shardul Amarchand Mangaldas Advised Shoden Developers Private Limited (House of Hiranandani Group) on the Acquisition of Property at Andheri, Mumbai The leading law firm in India, Shardul Amarchand Mangaldas & Co. (SAM) advised Shoden Developers Private Limited (part of the House of Hiranandani Group) on the acquisition of a property located at Andheri, Mumbai. As

Sri Phani Appointed as General Counsel at Bajaj Finance Ltd Bajaj Finance Ltd, has appointed Sri Phani as General Counsel, marking a significant addition to its leadership team. Bringing over two decades of extensive experience in corporate legal affairs, banking, finance, and regulatory compliance, he will be based at the company’s Pune headquarters. Before joining

S&R Associates Represented Midwest Limited in its INR 4.51 Billion IPO The leading law firm in India, S&R Associates represented Midwest Limited, India’s largest producer and exporter of black galaxy granite, and the selling shareholders in its INR 4.51 billion initial public offering (IPO). The transaction also included a pre-IPO sale of shares worth INR

Charles Russell Speechlys Appoints Jonathan Huth as Partner to Strengthen Middle East Presence The global law firm, Charles Russell Speechlys has announced the appointment of Jonathan Huth as Partner in the firm’s Litigation team in Dubai. Jonathan joins from Howard Kennedy, where he led the firm’s Middle East practice, marking the tenth international Partner hire

NCLT Allahabad Directs Liquidation of Garvit Innovative Promoters Ltd. Amidst ₹3,000 Crore Ponzi Scam, Non-Cooperation, and Missing Records Introduction The National Company Law Tribunal (NCLT), Allahabad Bench, comprising Mr. Praveen Gupta (Member-Judicial) and Mr. Ashish Verma (Member-Technical), ordered the initiation of liquidation proceedings against M/s Garvit Innovative Promoters Ltd. under Section 33(2) read with Section

SEBI considers incentives for women, senior citizens, armed forces in debt public issues It is like banks offering higher fixed deposit rates to specific categories The Securities and Exchange Board of India (SEBI) has suggested allowing debt issuers to offer incentives to specific categories of investors in public issues, to revive interest in the debt