Recent changes announced by India’s securities regulator
The Securities and Exchange Board of India (the “SEBI”) actively monitors the Indian securities and commodities markets, and has been implementing...
Fees for included services, technical services and preparatory activities explained
Financial, legal and risk management services not “Included Services” In the case of US Technology Resources Private Ltd v. DDIT, the Kerala High...
India’s Supreme Court allows disqualified resolution applicants to cure ineligibility
Under India’s Insolvency and Bankruptcy Code, 2016 (the “Code”), a potential bidder (who has been party to or caused the indebtedness and insolvency...
India’s Supreme Court rules on constitutional validity of AADHAR
Background On March 26, 2016, the Indian government promulgated the Aadhar (Targeted Delivery of Financial and Other Subsidies, Benefits and...
Supreme Court refuses to entertain insolvency petition on account of pending arbitration
Introduction In a recent judgment in the case of K. Kishan v. Vijay Nirman Company Pvt. Ltd., India’s Supreme Court (the “Supreme Court”) has...
Key amendments to the Specific Relief Act, 1963
Introduction India’s Specific Relief Act, 1963 (the “Act”) permits a party to seek specific performance of a contract as an alternative to seeking...