The Supreme Court has reiterated that compulsory retirement of an employee does not amount to denial of retirement benefits, which can only be forfeited in cases of dismissal from service. A Civil Appeal was filed by the General Manager of Canara Bank challenging a Karnataka High Court judgment that had upheld the award of the
... Continue Reading.Individuals Availing Sexual Services In Brothels Are Liable To Face Prosecution And Can Be Prosecuted: Kerala HC
It is entirely in the fitness of things that while striking the right chord and so also most robustly according morality the due position that it so richly deserves also, the Kerala High Court in a most learned, laudable, landmark, logical and latest judgment titled Sarath Chandran vs
... Continue Reading.SAT deliberates on SEBI versus Jane Street case
SAT deliberates on SEBI versus Jane Street case The global trading firm has been barred from the Indian stock market for indulging in exploitation A three-member bench of the Securities Appellate Tribunal (SAT) has held a hearing in a case between the Securities and Exchange Board of India (SEBI) and the US trading company Jane
... Continue Reading.SEBI eases IPO rules to benefit startup founders
SEBI eases IPO rules to benefit startup founders Until now, the promoters were ineligible for share-based benefits The Securities and Exchange Board of India (SEBI) has amended rules allowing startup founders going public to retain Employee Stock Options (ESOPs) granted at least one year before filing preliminary initial public offering (IPO) papers. SEBI’s notification read,
... Continue Reading.SEBI consents to Prozeal Green Energy and Neilsoft for raising funds through IPO
SEBI consents to Prozeal Green Energy and Neilsoft for raising funds through IPO The firms filed their preliminary papers in March and May The Securities and Exchange Board of India (SEBI) has given the green signal to renewable energy solutions provider Prozeal Green Energy and Fujita Corporation-backed Neilsoft to raise funds through initial public offerings
... Continue Reading.India’s Gun-Jumping Framework: When Does a Combination “Come Into Effect”?
[Rashi Kumari is a 4th year law student at the National University of Study and Research in Law, Ranchi and Ananyashree Jaiswal a 4th year law student at the Gujarat National Law University, Gandhinagar] Gun jumping, i.e., a premature implementation of a combination before receiving regulatory approval, has emerged as a significant global antitrust concern. In India, section 6(2A) of the
... Continue Reading.Cyril Amarchand Mangaldas Acted As Legal Counsel To Cactus Partners Fund I On Its Investment In Indigrid Technology
Cyril Amarchand Mangaldas acted as legal counsel to Cactus Partners Fund I on its investment in Indigrid Technology The leading Indian law firm, Cyril Amarchand Mangaldas acted as legal counsel to Cactus Partners Fund I on its additional investment of approximately USD 4 million in the Series A1 fund raise round of Indigrid Technology Private
... Continue Reading.Cyril Amarchand Mangaldas Advised True North On The Sale Of Majority Stake In Shree Digvijay Cement Company Limited
Cyril Amarchand Mangaldas advised True North on the sale of majority stake in Shree Digvijay Cement Company Limited The leading Indian law firm, Cyril Amarchand Mangaldas is advising True North Fund VI LLP (“True North”) in relation to their sale of majority shareholding in Shree Digvijay Cement Company Limited, an Indian public listed company engaged
... Continue Reading.Cyril Amarchand Mangaldas Represented Bybit Technology Limited On Securing Registration As A Virtual Digital Asset Service Provider With FIU-IND
Cyril Amarchand Mangaldas represented Bybit Technology Limited on securing registration as a Virtual Digital Asset Service Provider with FIU-IND The leading Indian law firm, Cyril Amarchand Mangaldas, represented Bybit Technology Limited (Bybit), the world’s second-largest cryptocurrency exchange by trading volume, in successfully navigating regulatory challenges to secure its registration as a Virtual Digital Asset Service
... Continue Reading.Khaitan & Co Advised Investors On INR 5900 Crore NCD Issuance By GMR Airports Limited
Khaitan & Co advised investors on INR 5900 crore NCD issuance by GMR Airports Limited The leading Indian law firm, Khaitan & Co, advised Deutsche Bank AG, Morgan Stanley, JP Morgan, Barclays Bank Plc, Tata Capital, Aditya Birla Capital, Trust Investments, and other investors (“Investors”) in relation to their subscription to the listed, non-convertible debentures
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