Legal 60

The Delhi High Court in VNG Automotive Pvt. Ltd. v. Assistant Commissioner of Income Tax (ITA 795–796/2004, decided on 10 April 2026) addressed a significant issue concerning the taxability of interest earned during the pre-operative stage of a business. The central question revolved around whether such interest income should be treated as “income from other

The evidentiary value of a hostile witness has long been a contentious issue in criminal jurisprudence. Courts often face the challenge of determining whether testimony given by such witnesses, who deviate from their earlier statements or show inconsistency, can still be relied upon. The Supreme Court of India, in its recent judgment in State of

Khaitan & Co advised Everstone Capital on USD 270 million partnership with Apothecon Group The leading law firm in India, Khaitan & Co advised Everstone Capital Asia Pte Ltd on its partnership with the founding promoters of Apothecon Pharmaceuticals Private Limited (India) and Navinta III Inc. (USA), involving an investment of approximately USD 270 million

Khaitan & Co advised Mindspace Business Parks REIT on acquisition of International Tech Park Chennai from CapitaLand The leading law firm in India, Khaitan & Co advised Mindspace Business Parks REIT (managed by K Raheja Corp Investment Managers Private Limited) on the acquisition of International Tech Park Chennai, having a total leasable area of approximately

Telangana High Court Upholds Hotel SPV Control Shift, Says Insolvency Losses Don’t Trigger Article 300A Introduction The Telangana High Court upheld the State’s decision granting consent for a change in control of a Hyderabad five-star hotel project pursuant to an approved resolution plan, holding that a shareholder cannot claim a vested or indefeasible right to

NCLAT Upholds Rejection of Guarantor’s Plan, Says Section 114(3) Relief Depends on Record-Based Grounds Introduction The National Company Law Appellate Tribunal, Chennai Bench, held that the power of the Adjudicating Authority under Section 114(3) of the Insolvency and Bankruptcy Code, 2016 to direct modification of a repayment plan is discretionary and not mandatory, and can

M&CO Legal Appoints Khaled Mehdi as Legal Director in UAE The prominent boutique law firm headquartered in Dubai (DIFC) with a strong presence in the UAE and Saudi Arabia, M&CO Legal has appointed Khaled Mehdi as Legal Director, strengthening its Corporate & Commercial practice across the UAE. In his new role, he will advise on

KIIT School of Law, KIIT Deemed to be University (KIIT-DU), Bhubaneswar, Odisha is organizing One Week International Faculty Development Programme (Online) titled “From Inclusion to Impact: Women Entrepreneurship, Digital Rights, ESG Accountability & Corporate Governance Reforms. About the Institution This Faculty Development Program is being hosted by KIIT Deemed to be University (KIIT-DU), Bhubaneswar, Odisha,

DSK Legal represented Roy Kapur Productions in Bombay High Court in “Matka King” copyright infringement dispute The leading law firm in India, DSK Legal represented Roy Kapur Productions Private Limited (“RKF”) before the Hon’ble Bombay High Court in an interim application filed in a commercial IP suit instituted by Tanuja Bhagat. The dispute pertained to

The Supreme Court of India has ruled that voters in West Bengal who are cleared by appellate tribunals at least two days before polling will be allowed to vote in the upcoming State Assembly elections. The elections are scheduled in two phases on April 23 and April 29, meaning eligible voters approved by April 21