It is extremely vital to note that while ruling on a very significant legal point pertaining to the arrest of a person and while ordering the release of a man held in a cheating case, the Bombay High Court in a most relevant, remarkable, robust,
... Continue Reading.Kerala High Court Rules Property Sale Gains Kept For Investment To Be Taxed As Capital Gains The Kerala High Court has ruled that gains from selling property held for investment purposes should be classified as ‘Capital Gains‘ not as ‘income from adventure in the nature of trade.’ A bench comprising Justices A.K. Jayasankaran Nambiar and
... Continue Reading.Supreme Court Rejects Plea To Include Tribunals Under E-Courts Project The Supreme Court dismissed a plea to include tribunals in the National Judicial Data Grid (NJDG). The NJDG is a comprehensive database that encompasses orders, judgments, and case details from 18,735 district and subordinate courts, as well as high courts and the Supreme Court. Established
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We need to note that while delivering its key verdict through video conferencing to an accused who was charged with murder, the Rajasthan High Court Bench at Jaipur in a most learned, laudable, landmark, logical and latest judgment titled Kailash Chand vs State of Rajasthan in
... Continue Reading.NCLAT Delhi Affirms RP’s Decision To Raise Maintenance Charges, Ensures Continuation Of Electricity Service During CIRP The National Company Law Appellate Tribunal (NCLAT) in Delhi, comprising Justice Ashok Bhushan (Chairperson), Mr. Barun Mitra (Technical Member), and Mr. Arun Baroka (Technical Member), has upheld the Resolution Professional’s (RP) decision to increase maintenance charges for homebuyers of
... Continue Reading.DSK Legal Advised Cacti Legal On Its Acquisition By Execo Group Inc. DSK Legal represented Cacti Legal Services LLP (Cacti Legal) and its founders (Founders) in relation to the sale of the Founders’ partnership interest culminating to 100% acquisition of Cacti Legal by Execo Group Inc., a Delaware corporation (Acquirer), in lieu of stock and
... Continue Reading.CESTAT Rules Samsung India Entitled To Customs Duty Exemption On Imported IC-Codecs The Delhi Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) has ruled that Samsung India is entitled to a customs duty exemption on imported IC-Codecs. The bench, comprising Justice Dilip Gupta (President) and P. V. Subba Rao (Technical Member), observed
... Continue Reading.Sullivan & Cromwell And Freshfields Advised On Major Tire Business Deal Between Goodyear And Yokohama U.S. law firm Sullivan & Cromwell is representing Goodyear Tire & Rubber in the sale of its Off-the-Road equipment tire business to Yokohama Rubber of Japan. Yokohama Rubber is advised by Freshfields Bruckhaus Deringer in this transaction. According to Reuters,
... Continue Reading.A&O Shearman Enhances Debt Finance Practice With Filippo Crosara A&O Shearman has bolstered its debt finance practice with the appointment of Filippo Crosara as a Partner in London. Crosara, who joins from Barclays, will focus on lender-side leveraged finance work. With extensive experience in structuring, negotiating, and closing significant deals for financial sponsors and corporates,
... Continue Reading.DSK Legal Advised On EBP Global AG’s Acquisition Of 100% Stake In STEP DSK Legal advised and assisted EBP Global AG (Purchaser) and promoters of STEP (Sellers) as a transaction counsel in relation to transfer of 100% shareholding of STEP (referred to as the “Transaction”). EBP Global AG is a consultancy firm that focuses and
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