Real Estate (Regulation and Development) Act, 2016

Introduction The Real Estate (Regulation and Development) Act, 2016 (“Act”) has received presidential assent on 25th March 2016.The Act seeks to standardize procedures in the real estate sector, bring transparency in the system thereby boosting

ITC Ltd. Gurgaon v. Commissioner of I.T. (TDS) Delhi : TDS on tips received by hotels

Introduction In the instant case of ITC Ltd. Gurgaon v. Commissioner of I.T. (TDS) Delhi,[1] the decision revolved around the applicability of Tax Deducted at Source (“TDS”) on tips received by a hotel. Facts of

Union of India v. M/s Ambica Construction

Brief Facts of the Case In the case of Union of India v. M/s Ambica Construction[1], the Appellant had executed an agreement with the Respondent for fabrication of tie bars from M.S. Flats in CST-9

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

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