Author: Legal 60

Dreny & Partners Advised Premium International on Fourth EGP 224 Million Securitization Transaction Dreny & Partners, advised Premium International on its fourth securitization transaction of a multi-issuances program for their consumer finance portfolio amounting to EGP 224 million. The transaction falls within the broader context of a 3-year multi-issuance program with a total value of

IndusInd Bank Appoints Anand Vardhan as General Counsel IndusInd Bank has appointed Anand Vardhan as its General Counsel and designated him as Senior Management Personnel, effective September 30, 2025, as per a SEBI filing. Vardhan brings nearly 26 years of experience across legal and compliance functions in leading financial institutions and investment platforms. He most

Financial Statements Prevail Over Term Sheet; NCLAT Allows Unilateral Set-Off Introduction The National Company Law Appellate Tribunal (NCLAT) has upheld the unilateral set-off by a corporate debtor against a financial creditor, despite the term sheet excluding such set-off. The tribunal held that the financial statements, audited and signed by the nominee director of the financial

Madras High Court upholds ₹1.28 crore tax on jewellery trader for gold sales suppression Gold turnover suppression leads to penalty as Madras HC restores income tax assessment In a significant ruling reinforcing the importance of timely disclosure and accurate accounting, the Madras High Court has dismissed a jewellery trader’s plea against tax and penalty proceedings

CESTAT rules software delivered electronically is not subject to customs duty under Indian law HCL Technologies wins appeal clarifying no customs duty on electronically downloaded software In a significant ruling with far-reaching implications for the information technology and software industries, the New Delhi Principal Bench of the Customs, Excise, and Service Tax Appellate Tribunal has

Madras High Court modifies conditions for provisional release of goods seized by DRI DRI’s seizure of PVC Coated Fabrics and the court’s decision on duty and guarantees In a significant ruling, the Madras High Court addressed the issue of provisional release of goods seized by the Directorate of Revenue Intelligence (DRI), providing a nuanced understanding

Khaitan & Co advised R.R. Donnelley & Sons Company on its joint venture with Pragati Pack (India) Private Limited Khaitan & Co advised R.R. Donnelley & Sons Company on its joint venture with Pragati Pack (India) Private Limited for setting up a manufacturing unit in Hyderabad, Telangana, for printing and packaging products. R.R. Donnelley is

Khaitan & Co advised Vedanta Resources Finance II on US$500 million guaranteed senior bonds issuance The leading law firm in India, Khaitan & Co advised Vedanta Resources Finance II plc as the sole Indian legal advisor in relation to its US$500,000,000 9.125% guaranteed senior bonds due 2032, issued under Rule 144A / Regulation S of

Supreme Court rulings limit RTI scope to existing records, not interpretations RTI request for insolvency process advice rejected as beyond scope of information under RTI Act In a significant interpretation of the Right to Information Act, 2005, the First Appellate Authority of the Insolvency and Bankruptcy Board of India has upheld the decision of the

Centre for Corporate Laws and Governance (CCLG), Dharmashastra National Law University, Jabalpur is organizing its 1st Corporate Law Summit 2025 in virtual mode, scheduled to be held from 15-16th November 2025. About DNLU Jabalpur Dharmashastra National Law University, Jabalpur (M.P.) was established in the year 2018 by Madhya Pradesh National University Act 24 of 2018,