Legal 60

SEBI approves IPO’s of PhysicsWallah, Saatvik Green and five other firms The seven companies filed their preliminary papers between January and April The Securities and Exchange Board of India (SEBI) has approved the initial public offering (IPO) launch for ed-tech companies PhysicsWallah and Saatvik Green Energy, and Vinir Engineering, Pranav Constructions, Fujiyama Power Systems, SIS

US Securities Commission’s dismissal of Coinbase lawsuit shows vulnerable signs The tech industries must observe the legal risks of user representations Early this year, when the U.S. Securities and Exchange Commission (SEC) dismissed the landmark lawsuit against Coinbase that sought to regulate the company as a stock exchange, it was heralded as the end of

SEBI considers easing rules of non-convertible securities for issuers It has sought public comments by 15 August The Securities and Exchange Board of India (SEBI) considering easing rules for issuers of non-convertible securities by replacing the requirement to send hard copies of financial statements and annual reports to security holders with web links and quick

In a significant reaffirmation of legal principles governing criminal procedural law, the Supreme Court on July 23, 2025, in the case titled M.C. Ravikumar v. D.S. Velmurugan & Ors. (SLP (Criminal) No. 12715 of 2022), held that a second petition under Section 482 of the Criminal Procedure Code (CrPC) seeking quashing of criminal proceedings is

Bored Ape Maker’s $8.8 Million Win in NFT Trademark Case Overturned by US Appeals Court A US appeals court confirmed that NFTs qualify as “goods” under trademark law — a key development for the NFT industry. The 9th US Circuit Court of Appeals has overturned an $8.8 million judgment awarded to Yuga Labs, creator of

Werksmans advised Ibex Investment Holdings on landmark Pepkor bookbuild The leading South African corporate and commercial law firm, Werksmans, advised Ibex Investment Holdings, formerly Steinhoff International, as the South African lead legal advisor on one of the largest bookbuilds ever undertaken in South Africa. The transaction, which raised approximately ZAR 26.6 billion and attracted significant

INTRODUCTION: In Ram Charan & Ors v. Sukhram & Ors (Civil Appeal No. 9537 of 2025 (Arising out of SLP (C) No. 5559 of 2023)), the Supreme Court examined the question of whether a tribal woman is entitled to inherit ancestral property. The Bench consisting of Justice Sanjay Karol and Justice Joymalya Bagchi examined whether,

Texas Jury Says Verizon Owes $175 Million in Patent Infringement Case A spokesperson for Verizon reportedly said that the verdict was ‘simply not supported by the facts’ and that the company would appeal. Verizon Wireless must pay $175 million in damages for infringing an inventor’s patent rights related to wireless communications technology, a federal jury

In a significant ruling on July 23, 2025, in the case of Vishnu Vardhan@ Vishnu Pradhan Vs State of Uttar Pradesh (Civil Appeal No. 7777 of 2023)(Justice Dipankar Dutta, Justice Surya Kant and Justice Ujjal Bhuyan) a Three Judges Bench of the Supreme Court clarified that the doctrine of merger does not apply where a

INTRODUCTION In a significant pronouncement on July 18, 2025, the Supreme Court of India, in the case of Suresh Chandra (Dead) through LRs Vs Parasram (SLP (C) Nos.15900-15902/2022) (Justices Manoj Mishra and P.N Narsimha) reiterated the consequences of failing to substitute legal representatives in an appeal involving a joint and indivisible decree. The Court held