Author: Legal 60

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

Electricity Commission orders probe into GNA Energy and officials at SEBI’s behest Alleges involvement in insider trading and market manipulation The Central Electricity Regulatory Commission (CERC) has ordered an investigation into the electricity trading platform GNA Energy and its two officials, alleging that they traded on price-sensitive information in shares and derivatives of the Indian

Herbert Smith Freehills Kramer advised underwriters on Bama Tea Co., Ltd.’s Hong Kong IPO The global law firm Herbert Smith Freehills Kramer advised Huatai Financial Holdings (Hong Kong) Limited, ABCI Capital Limited, TFI Capital Limited, and other underwriters on the H-share listing of Bama Tea Co., Ltd. (06980.HK) on the Main Board of the Hong

Faculty of Law, SGT University is inviting applications for the upcoming semester for the positions of Professor (Law), Associate Professor (Law), and Faculty of Management (BBALLB). About SGT University SGT University, established in 2013 through a Government of Haryana Legislative Act, is one of the premier institutions of higher education in Delhi NCR. Spread over

SEBI demands specifics from MCX after 4-hour outage The second disruption over the last few months raised questions over the exchange’s systems The Securities and Exchange Board of India (SEBI) has sought details from the Multi-Commodity Exchange of India (MCX), which faced a four-hour trading disruption. The country’s largest commodities bourse was hit by a

Apple urges US District Court to dismiss Fintiv’s trade secret lawsuit over Apple Pay The mobile payment service is used on millions of iPhones, iPads, Apple Watches, and MacBooks iphone-maker Apple has urged a US District Court in Atlanta to dismiss a racketeering lawsuit by a company, Fintiv, accusing it of stealing technology to create

Stephenson Harwood Expands into Saudi Arabia with Three-Partner Launch Across Riyadh and Al Khobar The global law firm, Stephenson Harwood, has announced its expansion into the Kingdom of Saudi Arabia with the launch of two new offices in Riyadh and Al Khobar, led by a three-partner team. This move marks a significant milestone in the

In a strongly worded judgment delivered on 14 October 2025, the Madurai Bench of the Madras High Court, presided over by Justice B. Pugalendhi, exposed grave administrative and procedural lapses that led to a staggering 12-year delay in serving summons upon an accused in a 2013 criminal case. The Court described this delay as a