Public Auction Not Mandatory for Sale of Encumbered Assets During CIRP If Secured Creditors Consent Under Regulation 29: NCLAT Introduction The National Company Law Appellate Tribunal (NCLAT), New Delhi, set aside an order of the National Company Law Tribunal (NCLT), New Delhi, which had directed independent bidding for the sale of non-core assets of Arshiya
... Continue Reading.Amazon sued by InterDigital over video-compression patents
Amazon sued by InterDigital over video-compression patents In the complaint, InterDigital said that it was suing Amazon after it was sued by the tech giant in the UK and Brazil amid negotiations over a potential licence to InterDigital’s technology. InterDigital, research and development company, has sued Amazon in a Delaware federal court for allegedly violating
... Continue Reading.Dreny & Partners Advised Amer And Tropi 2 for Touristic Development Company On EGP 451 Million Securitization
Dreny & Partners advised Amer and Tropi 2 for Touristic Development Company on EGP 451 million securitization The leading, full-service independent law firm based in Egypt, Dreny & Partners advised Amer for Touristic Development Company and Tropi 2 for Touristic Development Company, both subsidiaries of Amer Group, on a securitization transaction amounting to EGP 451
... Continue Reading.S&R Associates Advised IHH Healthcare Berhad On Its Acquisition Of Fortis Healthcare And Fortis Malar Hospitals
S&R Associates advised IHH Healthcare Berhad on its acquisition of Fortis Healthcare and Fortis Malar Hospitals The Leading law firm in India, S&R Associates represented IHH Healthcare Berhad (“IHH”), one of the world’s leading private healthcare groups, and its wholly-owned indirect subsidiaries, Northern TK Venture Pte. Ltd. (NTK) and Parkway Pantai Limited (PPL) (NTK as
... Continue Reading.Herbert Smith Freehills Kramer Advised Lenders To The Jubail Buraydah Water Transmission Project
Herbert Smith Freehills Kramer advised lenders to the Jubail Buraydah water transmission project The Global Law firm, Herbert Smith Freehills Kramer has advised the lenders to the Jubail Buraydah water transmission project in Saudi Arabia. The project is the Kingdom’s second water transmission project and will significantly contribute to the National Water Strategy and Saudi
... Continue Reading.Post-Limitation One-Time Settlement Proposal Doesn’t Extend Limitation Or Revive Time-Barred Debt
Post-Limitation One-Time Settlement Proposal Doesn’t Extend Limitation Or Revive Time-Barred Debt Introduction The National Company Law Tribunal (NCLT), Indore Bench, has clarified that a one-time settlement (OTS) proposal submitted after the expiry of the limitation period does not extend or renew the limitation period under Section 18 of the Limitation Act, 1963. A Bench comprising
... Continue Reading.Shardul Amarchand Mangaldas Advised Jinyoung Electro-Mechanics Co. Ltd. On The Acquisition Of Jinyoung Sandhar Mechatronics Private Limited
Shardul Amarchand Mangaldas advised Jinyoung Electro-Mechanics Co. Ltd. on the acquisition of Jinyoung Sandhar Mechatronics Private Limited The leading law firm in India, Shardul Amarchand Mangaldas & Co. (SAM) advised Jinyoung Electro-Mechanics Co. Ltd. (JEM) on the acquisition of the remaining 50% stake in Jinyoung Sandhar Mechatronics Private Limited (JSM) from Sandhar Technologies Limited. With
... Continue Reading.Another One Bites the Dust – NCLAT Ousts CCI’s Jurisdiction in Patent Matters
The NCLAT’s decision in Swapan Dey v. CCI marks the latest turn in the growing reluctance to let the CCI probe allegations of anti-competitive conduct stemming from the enforcement of patent rights. Yet, as Vasundra Koul points out, intellectual property and competition law are explicitly linked. Explaining the interplay between the Competition Act and the
... Continue Reading.Madras HC: Courts Must Act by Law, Not Public Outcry, in Kidney Racket Hospital Case
In a remarkable reaffirmation of judicial independence and adherence to the rule of law, the Madurai Bench of the Madras High Court, in M/s Cethar Hospital v. Principal Secretary to Government & Ors., held that courts must act strictly according to law and not yield to public pressure or media-driven outrage. The judgment, authored by
... Continue Reading.Shardul Amarchand Mangaldas Advised Oslo-listed Orkla ASA And Orkla India Limited On Its ₹16,670 Million Initial Public Offering
Shardul Amarchand Mangaldas advised Oslo-listed Orkla ASA and Orkla India Limited on its ₹16,670 million Initial Public Offering The leading law firm in India, Shardul Amarchand Mangaldas (SAM) advised Oslo-listed Orkla ASA and its Indian subsidiary, Orkla India Limited (formerly MTR Foods Private Limited), and its promoter selling shareholder, Orkla Asia Pacific Pte. Ltd., in
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