KSL & Industries Ltd. vs. M/s. Arihant Trades Ltd. & Ors.
The verdict of Supreme Court in KSL Industries Ltd. Vs. M/s. Arihant Trade Ltd. & Ors., delivered on 27th October,2014, held that provisions of Sick Industrial Companies (Special Provisions) Act, 1985 (“SICA”) shall prevail over
Bombay HC ruling in favour of Vodafone in transfer pricing case
By Saurav Agarwal The judgment of a division bench, headed by Chief Justice Mohit Shah and Justice M Sanklecha, of the Bombay High Court on October 10, 2014 in Vodafone India Services Pvt. Ltd. v.
Transmission of arbitral award not required for execution, Karnataka HC clarifies the position
By Srinivas Atreya Chatti The Karnataka High Court has, in a recent order dismissing a Writ Petition (Chandrashekhar v. Tata Motor Finance Ltd & Others)[1], clarified that for the purpose of executing an arbitral award
CCI rejects plea to repeal IRDA (Licensing of Bancassurance Agents) Regulations, 2012
By Balram Patwa In Re Dilip Modwil v. IRDA [Decided on 12 September, 2014] Brief of the case Dilip Modwil (the “Informant”) approached the Competition Commission of India (“Commission”) through an application u/s 19(1)(a) of
Vijay Kumar Shailendra vs. The Delhi HC Legal Service Committee : Jurisdiction of cheque dishonour cases
By Shuchi Mehta The Supreme Court has given one more judgment indicating that courts should take the jurisdiction in cheque dishonor cases only if the bank that dishonored the cheque is situated within its jurisdiction.
External commercial borrowing by foreign lenders in rupees
By Varsha G Subramanian Borrowing of fund by Indian companies from overseas are regulated by the External Commercial Borrowing (“ECB”) guidelines[1] prescribed by Reserve Bank of India (“RBI”). Recently, RBI eased the procedures relating to
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