Author: Legal 60

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

Milky Mist Dairy Food, Curefoods India, Steamhouse India, Kanodia Cement, Gaja Alternative Asset Management receive SEBI nod for IPOs The companies had filed their preliminary papers between May and July Five firms – dairy products maker Milky Mist Dairy Food, cloud kitchens operator Curefoods India, industrial steam and gas supplier Steamhouse India, cement manufacturing company

The National Sports Governance Act, 2025: Regulatory Developments and New Opportunities The National Sports Governance Act, 2025 (“Act”) was recently enacted by the Parliament of India and received Presidential assent on August 18, 2025. The key objectives of the Act are (i) to recognize sports bodies and federations; (ii) establish governing bodies; (iii) set up

ITAT transfers BuckEye Trust case after Karnataka High Court indicates order was ‘AI-driven’ The judge had disposed of the matter stating it was a weird decision The Bengaluru bench of the Income Tax Appellate Tribunal (ITAT) has reassigned a case to another bench after it emerged that the order passed by the previous bench was

SEBI mulls standardizing KYC and folio opening norms for MFs Observes operational lapses wherein investors were unable to transact or redeem their funds The Securities and Exchange Board of India (SEBI) has proposed a uniform procedure for opening new mutual fund (MF) folios and executing the first investment. The move is aimed at addressing the

Shardul Amarchand Mangaldas & Co. advised NPCI International Payments Limited on strategic partnership with PayPal Network Pte. Ltd. The leading law firm in India, Shardul Amarchand Mangaldas & Co. (SAM) advised NPCI International Payments Limited (NIPL) on its landmark strategic partnership with PayPal Network Pte. Ltd., aimed at creating a global and interoperable digital payments