SEBI introduces provisions for exit offer to dissenting shareholders

Introduction The Companies Act, 2013 had introduced an exit option for those shareholders who do not agree with the change in the objects or terms of contract referred to in the prospectus[1] (“Dissenting Shareholders”). However,

SEBI v. Kishore R Ajmera: Voluminous trading in illiquid scrips

Introduction The instant case involves five appeals filed by the Securities and Exchange Board of India (“SEBI”) against brokers and sub-brokers who have indulged in trading of illiquid scrips and artificially creating a high volume

Commil USA, LLC v. Cisco Systems, Inc.

Introduction: Ending an eight-year long litigation over a patent, the US Court of Appeals for Federal Circuit held that Cisco Systems, Inc. (herein after “Cisco”) had not infringed WiFi technology patent of Commil USA, LLC

Khursida Begum v. Komammad Farooq

Introduction In the case of Khursida Begum vs. Komammad Farooq[1], the Supreme Court held a Gift Deed which was executed forty years ago to be valid, setting aside findings of the lower courts. It also

Vishal N. Kalsaria v. Bank of India & Ors.

Introduction In the case of Vishal N. Kalsaria v. Bank of India & Ors.[1], the Supreme Court has considered the question whether the provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of

Commercial Courts Act, 2015 contd. : Important changes in provisions of CPC

PART II – IMPORTANT CHANGES IN THE PROVISIONS OF CIVIL PROCEDURE CODE, 1908 (“CPC”) By J.Mandakini & Varsha G Subramanian The Act provides for a Schedule which amends certain provisions of CPC. These provisions are

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