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[Aadya Narain is a B.A. LL.B. (Hons.) student at Jindal Global Law School] On 5 May 2025, the Securities Appellate Tribunal (“SAT”) in V. Shankar v SEBI addressed a critical and controversial question: can a compliance officer be held personally liable for fraudulent disclosures and statutory violations committed by the board of directors of a listed company? The

[Vriddhi Galada and Aryan Arawalia are 3rd-year students at Hidayatullah National Law University, Raipur] Arbitration is an ever-evolving field, continually shaped by judicial interpretation and legislative amendments to meet the demand of modern dispute resolution. The Arbitration and Conciliation Act, 1996 (“the Act”) was enacted with the objective of determining and limiting the scope of judicial intervention in arbitration proceedings and

[Arjim Jain and Shruti Asati are 5th Year B.A., LL.B. (Hons.) students at National Law University, Odisha] On May 5, 2025, Singapore’s Securities Industry Council (“SIC”) released a consultation paper proposing significant amendments to the Singapore Code on Takeovers and Mergers, with a sharp focus on regulating deal protection measures—especially break fees. The proposal seeks to generally prohibit break fees unless

[Bharat Vasani is Senior Advisor – Corporate laws and Ayush Lahoti and Maharshi Shah are Associates at the Mumbai office of Cyril Amarchand Mangaldas. An earlier version of this post was published on the Cyril Amarchand Mangaldas Blog] The enactment of the SEBI Act in 1992 (“SEBI Act”), followed by the amendment of section 21 of the Securities Contracts (Regulation) Act, 1956 (“SCRA”),

[Tamanna Yadav is a student at NALSAR University of Law, Hyderabad] In March 2025, the Vuenow Group of Companies, a purported cloud service provider, sold cloud storage units, termed “cloud particles”, worth ₹3,558 crore, luring investors with promises of high returns through a lease-back model. However, the entire scheme was fraudulent. There was no actual cloud

[Alka Nanda Mahapatra is a student at the National Law University, Jodhpur] On May 9, 2025, the Securities & Exchange Board of India (“SEBI”) released a Consultation Paper on providing flexibility to AIFs to offer Co-Investment opportunities to investors within the AIF structure under SEBI (Alternative Investment Funds) Regulations, 2012. The Consultation Paper released by SEBI proposes

DISOBEDIENCE OF THE ORDERS PASSED BY THE COURT ATTACKS THE VERY FOUNDATION OF THE RULE OF LAW: SUPREME COURT Introduction On May 9, 2025, A two judge Bench of the Supreme Court presided by Justice Masih and Justice Gavai, while deciding the case “Tata Mohan Rao v. S. Venkateshwarlu and Others etc.” arising out of

SUPREME COURT CLARIFIES CONDITIONAL ALLOTMENT UNDER STATUTORY SCHEME IS NOT A SALE The Hon’ble Supreme Court acquitted a man convicted under Section 302 IPC, holding that the “last seen together” theory, without corroborative evidence, is insufficient for conviction. The Bench, comprising Justices Prashant Kumar Mishra and Sanjay Karol, in the matter of Padman Bibhar Vs

Supreme Court Reinforces Arbitration Mandate in Trademark Dispute In a significant ruling, the Supreme Court of India, in the case of K. Mangayarkarasi & Anr. v. N.J. Sundaresan & Anr. (Special Leave Petition (Civil) No. 13012 of 2025), has clearly upheld the primacy of arbitration agreements, even in disputes that involve allegations of fraud and

[Bhaskar Vishwajeet is a lawyer at a law firm in New Delhi] On April 23, 2025, the Central Board of Direct Taxes issued a Notification that any expenditure incurred in settlement proceedings concerning contraventions under certain laws will not be deemed deductible from the taxable income of a settlement-seeking entity. The Notification exclusively covers only the following legislations: