Author: Legal 60

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

Anderson Mori & Tomotsune Launches Malaysia Desk in Kuala Lumpur to Strengthen Regional Presence The Leading Japanese law firm Anderson Mori & Tomotsune (AMT) has announced the launch of its new Malaysia Desk in Kuala Lumpur, marking a strategic step toward enhancing its local responsiveness and delivering swift, high-quality legal services to clients operating across

DSK Legal advised Dhruva Advisors on Strategic Joint Venture with Ryan, LLC The leading law firm in India, DSK Legal advised Dhruva Advisors LLP (“DA LLP”), Dhruva Advisors India Private Limited (“DAIPL”), and its partners on a strategic joint venture with Ryan, LLC (“Ryan”), marking Ryan’s entry into the Indian tax consulting market. Founded in

This case arose from a long-standing tenancy dispute between the petitioners, Ms. Farheen Israil and another (landlords), and the respondents, Ghulam Rasool Wani and others (tenants and alleged sub-tenants), over a property located at No. 745, Ground Floor, Phatak Dhobian, Farash Khana, Delhi. The petitioners filed an eviction petition under Section 14(1)(e) of the Delhi

SEBI suggests simplified rules for high-value debt listed entities The aim is to ease compliance requirements In its consultation paper, the Securities and Exchange Board of India (SEBI) has proposed increasing the threshold for identifying high-value debt listed entities (HVDLEs) from Rs.1,000 crore to Rs.5,000 crore, reducing the number by two-thirds – from 137 to

Commercial transactions often give rise to disputes where a debtor pays less than what was originally owed, and the creditor accepts this reduced amount. Can the creditor later demand the remaining balance? Under Indian Contract Law, this question is governed by Section 63 of Indian Contract Act, 1872, which empowers a promisee (creditor) to accept

SEBI puts Sterlite Electric’s IPO in abeyance The company plans to raise Rs.1,500 crore for expansion The Securities and Exchange Board of India (SEBI) has put on hold the proposed initial public offer (IPO) of Vedanta Group firm Sterlite Electric Ltd, without specifying any reason for it. Sterlite Electric (formerly Sterlite Power Transmission) had filed