If you have questions or would like additional information on the material covered herein, please contact: Ms. Swet Shikha, Associate [email protected] Judgment: Gujarat Urja Vikas Nigam Limited vs Nitash Co-generation Private Limited Forum: National Company Law Tribunal, Mumbai Bench (“NCLT”). Act/Law: The Insolvency and Bankruptcy Code, 2016 (“Code”). Ratio: Claim for “Liquidated Damages” cannot trigger […]
In its recent ruling in Ferid Allani v. Union of India & Ors., the Delhi High Court reinterpreted jurisprudence under Section 3(k) of the Indian Patents Act, 1970 concerning patentability of computer software inventions. The December 19, 2019 decision setting outnew guidelines for determining whether or not inventions containing computer software were barred under Section […]
Many companies look to grow their business through mergers or acquisitions of companies outside their own country and while this brings many opportunities it can also bring risks. But with […]
Read moreNikhil Palli (middle, left) of Palli Law Firm recently met Balthasar Wicki (right) & Dr. Hans Kuhn (left) of Wicki Partners AG for dinner. Nikhil is IR Global’s exclusive Debt & Asset Recovery member in India, whilst Balthasar is IR Global’s exclusive Corporate Law member and Dr. Hans Kuhn is our exclusive Banking & Finance member, both in […]
Nikhil Palli (right) of Palli Law Firm recently met Aleš Eppinger (Left) & Šárka Gregorová (middle) of Schaffer & Partner for dinner. Nikhil is IR Global’s exclusive Debt & Asset Recovery member in India, whilst Aleš & Šárka are IR Global’s exclusive Mergers & Acquisitions and Corporate Law members in the Czech Republic. If you are travelling and would […]
Nikhil Palli (middle) of Palli Law Firm recently met Alexander Roth (Left) & Christian Roth (right) of rothpartners for dinner in Paris, France. Nikhil is IR Global’s exclusive Debt & Asset Recovery member in India, whilst Christian & Alexander are IR Global’s exclusive Corporate Law members in France. Nikhil had the following to say about their dinner: […]
The Ministry of Corporate Affairs, Government of India (“MCA”) vide its Notification dated February 3, 2020, has brought into effect the eagerly anticipated sub-sections (11) and (12) of the Section 230 of the Companies Act, 2013 (“CA2013”). These provisions facilitate the takeover of the company/squeezing out the minority shareholders under a scheme of compromise/arrangement. While […]
Enforcement of Foreign Judgments in India – Inclusion of UAE as a Reciprocating Territory The Ministry of Law and Justice, Government of India vide its Notification dated January 17, 2020 (“Notification”) declared United Arab Emirates (“UAE”) a “reciprocating territory” for the purposes of enforcing foreign civil decrees in India. The declaration has been made by […]
The Finance Act of 2015 had proposed certain amendments to the Foreign Exchange Management Act, 1999 (“FEMA”). After a long delay, the amendments have finally been notified by the Central Government on October 15, 2019. Pursuant to the notification, the Central Government issued the Foreign Exchange Management (Non-debt Instruments) Rules, 2019 (“NDI Rules”) and Foreign […]
The Patent (Amendment) Rules, 2019 (New Rules) came into effect on September 18, 2019 to bring significant changes and fast track applications in India in line with international best practices. Some of the key features of the New Rules include: Submission of electronic documents by patent agents unless it is absolutely necessary for original or […]
Earlier this month i.e. on 17 January 2020, India has finally issued gazette notification declaring United Arab Emirates (UAE) as a “reciprocating territory” for the purposes of section 44-A of the Code of Civil Procedure, 1908 “CPC / the Code” in short section 44-A of the CPC deals with execution of decrees passed by Courts […]
Data is the new gold. The Government of India recently introduced the Personal Data Protection Bill, 2018 (Bill) in Parliament for scrutiny by the relevant Parliamentary Committee for review. This Bill spells out a framework for date protection and lays down the limits on how personal data is going to be used, collected, and processed. […]
