Legal 60

INTRODUCTIONIn ICICI Bank Limited v. ERA Infrastructure (India) Limited & Ors. and connected matters, 2026 INSC 201, decided on 26 February 2026, the Supreme Court of India, speaking through Justice Dipankar Datta, conclusively held that simultaneous insolvency proceedings under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) can be initiated against both a

INTRODUCTIONIn Ghanshyam Mandal & Ors. v. State of Bihar (now Jharkhand), 2026 INSC 194, decided on 25 February 2026, the Supreme Court of India, in a Judgment authored by Justice Atul S. Chandurkar and concurred by Justice J.K. Maheshwari, dismissed the Criminal Appeal challenging conviction under Section 302 read with Section 34 of the Indian

Kwality Wall’s (India) Limited – Demerger of its Ice Cream business from Hindustan Unilever Limited The leading Indian law firm, Khaitan & Co advised Kwality Walls (India) Limited (KWIL) on the demerger of the ice cream business of Hindustan Unilever Limited (HUL) into KWIL and, subsequently, on the preparation and filing of the Information Memorandum

K&A Advised on Major Regional Equipment Rental Divestment in the UAE The leading independent Saudi Arabian law firm, Khoshaim & Associates (K&A), advised the sellers on the sale of a 60% stake in Byrne Equipment Rental to GFH Financial Group. Byrne operates a fleet of approximately 16,000 units across Saudi Arabia, Oman, UAE, and Bahrain,

Donovan & Ho Welcomes Hooi Chung Wai as Partner in Dispute Resolution The young and vibrant Malaysian law firm, Donovan & Ho, has appointed Hooi Chung Wai as a Partner in its Dispute Resolution practice, further strengthening the firm’s capabilities in high-stakes corporate and commercial litigation. Chung Wai brings extensive experience in shareholder and corporate

Workday hits over five-year low as slow sales forecast triggers AI disruption fears The stock fell 8.3% in early trading and was on track to widen losses of about 40% this year, sparked by concerns that the growing use of artificial-intelligence (AI) tools launched by companies such as Anthropic would corrode demand for traditional software

TCS urging staff to use AI despite risk to revenue TCS’ stance mirrors that of smaller rival Wipro, which expects rapid AI adoption to boost rather than shrink demand for software service providers Tata Consultancy Services (TCS) is urging employees to use artificial intelligence tools to deliver work faster and cheaper, even if it eats

Khaitan & Co advised Ambuja Housing and Urban Infrastructure Company Limited on The Park Unizen Development Project The leading Indian law firm, Khaitan & Co acted as legal advisor to Ambuja Housing and Urban Infrastructure Company Limited in relation to the regulatory and RERA-compliant structuring of its real estate development project, The Park Unizen. The

Israeli AI-cyber firm Gambit Security raises $61 million The company, which developed an AI-based cyber resilience platform designed to keep businesses running during cyberattacks, critical system failures or technical disruptions, said some customers were already using the system. Tel Aviv-based cybersecurity firm Gambit Security said that it had raised $61 million in an early funding

Khaitan & Co advised The Magnum Ice Cream Company Limited and Kwality Walls (India) Limited on demerger of HUL’s ice cream business and proposed listing of KWIL The leading Indian law firm, Khaitan & Co advised The Magnum Ice Cream Company Limited and Kwality Walls (India) Limited (KWIL) on the demerger of the ice cream