Delhi high court

Delhi High court Admits Appeal in CA Exam Result mismatch matter

In the CA exam result mismatch matter, a Division bench of Delhi High court through HMJ S. Ravindra Bhat and HMJ A.K. Chawla has admitted the appeal against the order of the Single bench, in January, whereby the single Judge dismissed the writ petition filed by Milind Agarwal…

The Applicability of Minimum Alternate Tax to Foreign Investors

[The following guest post is contributed by Abhik Chakraborty, who is a 4th year student at NUJS, Kolkata]The Supreme Court in Ajanta Pharma Ltd. V. Commissioner of Income Tax-9, Mumbai [1] has clarified that the intent with which the provision related to minimum alternate tax (MAT)[2]was inserted in…

Lenders Empowered to Take Control over Distressed Firms

The Reserve Bank of India (RBI) yesterday conferred a significant power to banks to acquire control of borrower companies which fail to achieve prescribed milestones as part of their restructuring. Under this arrangement, the Joint Lenders’ Forum (or JLF, formed for the purpose of addressing distressed assets) may…

Whether Land is a “Security” Under Collective Investment Schemes

[The following guest post is contributed by Prachi Pandya, who is the founding member of Corporate Attorneys and can be contacted at [email protected]]It is a matter of interest that the trigger point of framing the SEBI (Collective Investment Schemes) Regulations, 1999 (the “CIS Regulations”) was owing to initiatives…

Finally, Some Exemptions to Private Companies

[The following guest post is contributed by Vinod Kothari and Aditi Jhunjhunwala of Vinod Kothari & Co. The authors may be contacted at [email protected] and [email protected] respectively.]The 9-lakh (0.9 million) odd private companies in India have already been subjected to unprecedented compliances required under the Companies Act, 2013…

2 JSPL coal blocks to be removed from auction – says Delhi High Court

The Delhi High Court has halted the auction of two mines, which were previously attached to a steel plant of a Naveen Jindal firm but are now reserved for power sector. This order has come as a relief for the Jindal Steel and Power Ltd. (JSPL). They had…

Supreme court stays High court Bar in DD-star sports battle

The supreme court of India on tuesday stayed the Delhi high court bar on prasar bharati sharing its Doordarshan feed with local cable operators. The stay came from a bench led By Justice Ranjan Gogoi ahead of ICC world cup 2015. The matter is now listed for 17th…

Second Chargesheet filed in Saradha Scam by the CBI

The Central Bureau of Investigation (CBI) filed second chargesheet in the Saradha scam. People named in the chargesheet are the following: Saradha Group’s Chairman and MD Sudipta Sen, Debjani Mukherjee, and retired IPS Rajat Majumdar. Others named in the chargesheet are – Sajan Aggarwal and Sandhir Aggarwal (Businessman…

Supreme Court asked CBI to brief it on FIPB clearance

The Supreme Court has asked the CBI to brief it on the agency’s probe into the FIPB clearance, regarding the controversial Aircel-Maxis deal by the previous UPA government. This step was taken by the bench headed by Chief Justice H. L. Dattu when Subramaniam Swamy submitted that there…

Maruti Suzuki marketing and sales head Mayank Pareek resigns after nearly 20 years of service

Maruti Suzuki India’s marketing and sales head Mayank Pareek has quit the company after nearly 20 years of service at the country’s largest carmaker. While Mr. Pareek, who is designated Chief Operating Officer (marketing and sales), could not be reached for comments, however, according to people familiar with…
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