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Legal Era

From Legal Era
Supreme Court grants three week protection to Arnab Goswami against coercive action
Republic TV Editor-in-Chief Arnab Goswami had moved the Supreme Court after a number of FIRs were lodged against him in various states of the country. FIRs were filed in the states of Maharashtra,...
Default threshold under IBC raised to Rs 1 crore
In a major relief for small and medium enterprises, the central government has raised the threshold for default under the IBC to Rs 1 crore from the current Rs 1 lakh.Union Finance Minister Nirmala...
RBI announces Rs. 50,000 crore special liquidity facility to Mutual funds
The Reserve Bank of India (RBI) has announced a Special Liquidity Facility of Rs. 50,000 crores for Mutual Funds (SLF-MF) to ease the liquidity strains on mutual funds (MFs) that has cropped up...
Fresh insolvency proceedings likely to be suspended for 6 months
In a major relief for businesses, the government is considering the suspension of new insolvency proceedings under the Insolvency and Bankruptcy Code for six months, sources said.The government may...
Draft for simplifying, modernizing German Patent Law
The German Federal Ministry of Justice and Consumer Protection (“BMJV”) has published a discussion draft concerning a Second Law for Simplifying and Modernizing the Patent Law...On January 14, 2020,...
NCLAT directs NBCC to implement JIL resolution plan
The National Company Law Appellate Tribunal (NCLAT) on April 22 directed state-run NBCC to implement the approved resolution plan for JIL, but subject to the final order in the matter.The NCLAT’s...
Brokerages file petition in the Bombay HC against MCX for negative settlement price of crude oil
Following the crash of the oil prices in the United States, the Multi Commodity Exchange (MCX) settled crude oil contracts at minus Rs. 2,884 a barrel which led to brokerages such as Motilal Oswal...
Violence against doctors and medical staff made cognizable and non-bailable offence
Following a spate of attacks on doctors and other medical staff in various parts of the country, the Government passed an Ordinance making acts of violence against doctors and other medical staff as a...
Link Legal assists Megha Engineering & Infrastructures Ltd. in the acquisition of the oil & gas division of the Trevi Group based in Italy for approx. Euro 116.4 million
Megha Engineering & Infrastructures Ltd ("MEIL"), a leading infrastructure company in India, through its foreign subsidiary MEIL Global Holdings BV has acquired 100% of the Trevi Group's oil and...
Maharashtra Government revokes lockdown exemptions in Mumbai and Pune
The Maharashtra Government has revoked the lockdown exemptions and relaxations in Mumbai and Pune as a large number of people are still commuting despite the nationwide lockdown. Mumbai and Pune are...
Jimit Shah Joins Link Legal as Associate Partner
JPS Legal founder Jimit Shah has joined Link Legal as an Associate Partner in the Firm’s Capital Markets practice in MumbaiJimit has more than 14 years of experience in capital markets, securities...
Delhi HC restrains Vedanta from invoking Bank guarantees of Halliburton Offshore Services
Delhi High Court restrained Vedanta Ltd. (Respondent) from invoking eight Bank guarantees of Halliburton Offshore Services Pvt. Ltd. (Petitioner) of which five were due to expire on June 30, 2020 and...












