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Will the new insolvency ordinance increase special situations in M&A in India?

by Majmudar & Partners | Jan 9, 2020 | Insolvency and Restructuring

At the end of December, the Indian government promulgated the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2019 (the “Ordinance”) to iron out certain issues faced by buyers of assets in a corporate insolvency resolution process (the “CIRP”). While the...

India’s Supreme Court rules on the role of insolvency stakeholders and equality of creditors

by Majmudar & Partners | Nov 27, 2019 | Insolvency and Restructuring

On November 15, 2019, the Supreme Court (the “Court”) ruled on several contentious aspects of the Insolvency and Bankruptcy Code, 2016 (the “Code”) and put an end to the long-drawn-out litigation in the insolvency resolution process of one of India’s largest steel...

The new foreign direct investment norms for insurance intermediaries

by Majmudar & Partners | Nov 14, 2019 | Foreign Investment, Insurance Law

Background Previously, foreign direct investment (“FDI”) in insurance intermediaries was treated at par with FDI in insurance companies and was restricted up to 49% under the automatic route.  Insurance intermediaries (including, insurance brokers, re-insurance...

Indian court issues a global injunction under India’s Information Technology Act, 2000

by Majmudar & Partners | Nov 8, 2019 | Disputes and Arbitration, Technology, Telecommunication and Media

In a recent ruling, a single judge of the Delhi High Court (the “Delhi HC”) has held that a global injunction can be issued for removal of defamatory data, if the data has originally been uploaded from a computer resource in India.  We have discussed the Delhi HC’s...

Important changes to India’s product liability and consumer laws

by Majmudar & Partners | Sep 27, 2019 | Consumer Protection, Disputes and Arbitration

Last month, the Indian government enacted: (i) the Consumer Protection Act, 2019 (the “CP Act 2019”), which, when notified, will replace the Consumer Protection Act, 1986 (the “CP Act 1986”); and (ii) the Motor Vehicles (Amendment) Act, 2019 (the “MV Amendment Act”),...
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Majmudar & Partners (previously known as Majmudar & Co.), founded in 1943, is one of India’s premier law firms, serving an impressive roster of global corporations, major banks, and financial institutions, blending over 75 years of legal excellence with modern, international best practices.

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