by Majmudar & Partners | Jul 23, 2024 | Banking and Finance, Tax
Download .pdf Introduction India’s Union Budget (the “Budget”) was announced on July 23, 2024, and the Finance Bill, 2024 (the “Finance Bill”) was tabled in Parliament. The Finance Bill will be discussed in Parliament before its enactment, and it is likely that...
by Majmudar & Partners | Jul 8, 2024 | Banking and Finance, Insolvency and Restructuring
Download .pdf In the recent case of Uphealth Holdings, Inc. v. Dr. Syed Sabahat Azim, the Calcutta High Court (“CHC”) ruled on the enforceability of moratorium orders from non-reciprocating countries like the United States of America (“US”) in Indian courts. Uphealth...
by Majmudar & Partners | Jun 20, 2024 | Tax
Download .pdf Overview In the Ayodhya Rami Reddy Alla (the “Taxpayer”) case, the Telangana High Court (the “THC”) held that, while considering a tax avoidance device, the proper way to construe a taxing statute is not to ask whether the provisions should be construed...
by Majmudar & Partners | Jun 5, 2024 | Healthcare & Pharmaceuticals
Download .pdf The Department of Pharmaceuticals (the “DoP”) recently notified the Uniform Code for Pharmaceutical Marketing Practices 2024 (“UCPMP 2024”), in supersession of the UCPMP issued in 2014 (“UCPMP 2014”). This article discusses the revisions made and...
by Majmudar & Partners | Apr 29, 2024 | Disputes and Arbitration
Download .pdf Recently, in the case of Cobra Instalaciones Y Servicios v. Haryana Vidyut Prasaran Nigam Ltd, the Delhi High Court (DHC) upheld the quantification of loss in an award by arbitrators done through “honest guesswork” as there was insufficient evidence on...
