SEBI has imposed a ₹25 lakh fine on DB Realty (now Valor Estate) and its promoters for financial misstatements and non-disclosures related to a loan guarantee and NPA classification violations.
The Delhi High Court has allowed the Annual General Meeting (AGM) of Religare Enterprises Limited (REL) to proceed on February 7, 2024, despite ongoing legal disputes. The meeting will include a vote on the Burman Family's takeover of REL, amid objections from minority shareholder Sapna Govind Rao and challenges to the removal of Dr. Rashmi Saluja as Executive Chairperson.
S&R Associates represents NSE Investments in the ₹2.3 billion proposed sale of NSEIT to CL Educate, advising on corporate, tax, competition, IP, and finance matters.
Luthra and Luthra Law Offices India strengthens its Dispute Resolution and White-Collar Crime practice with the appointment of Samarjit Gajendra Pattnaik as Partner.
Calcutta High Court upholds an arbitral tribunal’s power to correct calculation errors under Section 33 of the Arbitration Act in Haldia Development Authority v. Konark Enterprises.
M Mulla Associates successfully advised and represented Allied Blenders and Distillers Ltd. in acquiring intellectual property rights (IPR) and brands from Fullarton Distilleries Pvt Ltd for ₹39.50 crores. This acquisition includes well-known brands such as Woodburns whisky, Pumori small-batch gin, and Segredo Aldeia rum, strengthening Allied Blenders’ position in the premium spirits market.
Delhi High Court upholds tax deductibility of license fees paid by Remfry & Sagar for the use of its founder’s name and goodwill, ruling them as legitimate business expenses under Section 37 of the IT Act.
Anand and Naik represented Anil Kapoor on his endorsement agreement with Sahyadri Hospitals. The firm’s legal team, including experts from Anand and Anand, successfully negotiated and vetted the deal, ensuring a smooth process for all parties involved.
CESTAT rules that imported communication modules are independent parts of communication hubs, classifying them under CTI 8517 70 90 and granting corresponding exemptions.
