In this week’s coverage of the latest developments in arbitration law, we take a look at the Bombay High Court’s...
This month has witnessed a lot of positive traction for the energy sector. The Ministry of Commerce announced the Draft...
Be it India’s biggest conglomerate or small family businesses, everyone is grappling with succession planning to ensure that the wealth...
Given is the analysis of the decision of the Delhi High Court (“Court”) in Cinevistaas Ltd. v. Prasar Bharti. In this...
Increasing reliance on conducting of forensic investigation coupled with legal health review, has helped various global private equity investors in...
The Hon’ble Supreme Court of India vide its recent decision in the matter of The Regional Provident Fund Commissioner (II) West...
This week, we take a look at the Supreme Court’s recent judgment in MMTC Ltd. V/s M/s Vedanta Ltd. where the Appellant...
Rohit Jain, Partner at Economic Laws Practice in conversation with BTVI (Business India Television) on GST Council’s approval of lowering...
Dear Reader The Department for Promotion of Industry and Internal Trade released the draft ‘National E-commerce Policy’ on Saturday, 23rdFebruary...
The GST Council on Sunday gave the much-needed boost to affordable housing segment as it slashed GST rate on under-construction...
In the skies above Bangalore, India over the past few days, the country has had its fighter jets and helicopters...
The Standing Committee on Finance’s 21st Report on the Companies Bill, 2009, recommended the need for an independent body to...
The Ministry of Corporate Affairs has introduced a new norm to identify active companies and thus only those companies which...
Introduction 1. The Supreme Court of India considered the issue whether the written statement can be filed by a Defendant...
1. CIRCULARS No. 89/08/2019-GST dated February 18, 2019 - It has been brought to the notice of the Board that...
Given its direct impact on availability of capital, taxation of start-ups on account of issuance of shares at a premium...
This iteration of ‘India Update – Part 1 of 2019’ examines the emerging landscape with respect to arbitrations in India...
This week, we take a look at the Supreme Court’s recent judgment in Jaiprakash Associates Ltd. (JAL) v. Tehri Hydro Development Corporation India...
With a view to encourage industrialization, especially in the lesser developed areas within India’s States, various state governments have introduced...
In keeping with the Hon’ble Finance Minister’s interim budget speech, a Task Force was constituted by the Ministry of Defence...
Recently, the Reserve Bank of India (“RBI”), through the Foreign Exchange Management (Borrowing and Lending) Regulations, 2018, consolidated all the...
In, what is one of the most significant drive of GST Council to issue clarifications addressing ambiguities and showering rate...
India - Israel Growing Relationship Over the last 5 years, Israel has emerged as India’s largest source of supply for...
India - US Growing Relationship In 2016, the US recognised India as a “Major Defence Partner”, a designation that allows...
This Paper briefly explains the Defence & Aerospace opportunity with an analysis of the market size, defence budget and procurement...
On 31 December 2018, the Securities and Exchange Board of India (“SEBI”) issued an amendment to the SEBI (Prohibition of Insider Trading)...
With an aim to simplify the defence procurement process for foreign and domestic OEMs, The Indian Ministry of Defence (“MoD”)...
We are pleased to bring to you a quarterly update on Defence & Aerospace sector. We hope you will find...
Usually, a vote on account is a non-event in the cycle of India’s annual media event surrounding the budget. However,...
Dear Reader, The Hon’ble Interim Finance Minister Mr. Piyush Goyal announced the Interim Union Budget 2019 today. The attached booklet...
January 2019 has seen a lot of positive momentum from central & state governments and regulators in the energy sector....
Oil sanctions imposed by the U.S. on Venezuela earlier this week could prove to be an energy windfall for India...
In a blow to the Ruias and their hope to retain crown jewel Essar Steel, the National Company Law Tribunal...
Recently, the Participating States of the Wassenaar Arrangement (“WA”) have decided to update the List of Advisory Questions for the...
MUMBAI: Marriott International, the world’s largest lodging company, is considering buying a significant minority stake in Chandru L Raheja’s hotels...
A confusion galore has been created by recent pronouncements of the advance ruling authorities and subsequently by the corresponding appellate authorities,...
This week’s update deals with a recent decision of the Delhi High Court (“HC”), Republic of India through Ministry of Defence Vs...
The Ministry of Civil Aviation (“MCA”) had previously constituted a task force to make recommendations to tackle the challenges that...
In our constant efforts to provide useful updates from India to our readers in the most readable and interesting presentation,...
Dear All, This week, we discuss the Supreme Court’s recent judgment in The Government of Haryana PWD Haryana (B and...
Anay Banhatti, Partner, Economic Laws Practice in an interview with Zee Business explains the GST exemption for small enterprise Goods...
Harsh Shah, Partner, Economic Laws Practice, in an interview with Zee Business comments on the various assumptions made about the...
Dear Reader, At the outset wishing you a very happy, healthy and joyful 2019. Please find attached ELP’s monthly roundup...
Mumbai: Lenders to Vijay Mallya seem uncertain about the fate of their dues after the beleaguered liquor baron was declared...
On August 8, 2018, the Competition Commission of India (CCI) cleared the acquisition of Flipkart by Walmart. The government touted...
In a magical move, the Indian government has both outlawed private label sales by e-commerce platforms and said private label...
Mumbai: Indian law firms are developing newer practice areas—from forensic to artificial intelligence (AI) and from blockchain to defence advisory—to keep...
On August 8, 2018, the Competition Commission of India (CCI) cleared the acquisition of Flipkart by Walmart. The government touted...
Maharana Infrastructure and Professional Services Ltd. v. Matrix Partners India Investment Holdings LLC 1 (Bombay High Court, January 3, 2019)...
Mumbai: Every leader brings in a unique management style that is a mix of his personality and work experience. Ajay...
Dear Patron, We “Taxand – Your global tax partner” in association with our partners from various jurisdiction will be hosting...
The Department of Industrial Policy and Promotion (DIPP) has issued Press Note 2 on 26 December 2018 which shall come...
As e-commerce companies evaluate the implications of the new policy on FDI in e-commerce, legal experts said there are a...
As e-commerce companies evaluate the implications of the new policy on FDI in e-commerce, legal experts said there are a few steps that...
The government’s move to tighten norms for online marketplaces with foreign investment will close the “back door” that has been...
Bengaluru: India’s largest online marketplace Flipkart has requested New Delhi that a broad, market-driven framework for the ecommerce industry be...
The government’s move to ghten norms for online marketplaces with foreign investment will close the “back door” that has been...
New Delhi: The government's move to tighten norms for online marketplaces with foreign investment will close the "back door" that...
The revised Foreign Direct Investment (FDI) policy on e-commerce would ensure balanced growth of the online industry with gains for...
The government's move to tighten norms for online marketplaces with foreign investment will close the "back door" that has been...
SUPREME COURT REITERIATES THAT HIGH COURTS POSSESS THE INHERENT JURISDICTION TO RECALL THEIR OWN ORDERS Municipal Corporation of Greater Mumbai...
SUPREME COURT DENOUNCES EXCESSIVE FORMALISM WHILE ENFORCING ARBITRAL AWARDS Introduction The Supreme Court in a recent decision, P.E.C. Limited v....
Dear Reader, The Division Bench of the Hon’ble High Court of Delhi, comprising of Hon’ble Mr. Justice S. Ravindra Bhat...
The Supreme Court of India, in a significant judgement (Competition Commission of India vs. Bharti Airtel Limited & Ors.), has,...
Dear Reader With payable loans to the tune of USD 78 billion, about 66 GW of conventional energy in India...
BOMBAY HC: DISPUTE RESOLUTION CLAUSE WHICH PROVIDES PARTIES WITH THE CHOICE TO OPT FOR ARBITRATION OR COURT LITIGATION IS NOT...
On 22nd November 2018, the World Trade Organization (“WTO”) issued its 20th Monitoring Report (Mid-May 2018 to Mid-October 2018) on...
The expert committee set-up under the chairmanship of Justice B. N. Srikrishna for formulation of data protection regime in India,...
1. Advance Authority Ruling M/s Premier Vigilance & Security Pvt. Ltd. [2018-TIOL-243-AAR-GST] The Applicant is a provider of security services...
Dear Patrons, It’s been one year since the introduction of GST in India. In view of magnitude of changes brought...
Join our special webinar on ‘Litigation trend in GST Part-2’, by Mr. Rohit Jain, Mr. Gopal Mundhra and Mr. Jitendra...
M/s Larsen and Toubro Limited Scomi Engineering BHD v. Mumbai Metropolitan Region Development Authority (Supreme Court, 3 October 2018) Introduction...
Economic Laws Practice in association with our Taxand partners from various jurisdictions, will be hosting a series of webinars every...
We welcome you to the latest edition of ELPs update on ‘Data Privacy & Protection in India’. In this document,...
The Government of India (GoI) has been steadily creating an enabling ecosystem of policies and regulations to give the much-needed...
Enforcement of RPO targets, despite availability of RECs, is poor. The government has launched RPO Compliance Cell, which will coordinate...
Summary India's status as a program-beneficiary under the United States’ Generalized System of Preference ("GSP") has been drastically curtailed.Several benefits...
The October issue of ELP’s Infrastructure and Energy digest has some important decisions by the Supreme Court, CERC, the Bombay...
1. ADVANCE RULING Sanghvi Movers Limited [2018-TIOL-230-AAR-GST] The Applicant is engaged in the business of providing medium-sized heavy-duty cranes on...
1. NOTIFICATIONS Notification No. 54/2018-Central Tax and Notification No. 53/2018-Central Tax both dated October 9, 2018 (Amendment to CGST Rules)...
1. ADVANCE RULING Takko Holding GmbH [TS-581-AAR-2018-NT] The Applicant is an extended arm of German legal entity viz. Takko Holding...
Vedanta Ltd. v. Shenzen Shandong Nuclear Power Construction Co. Ltd. 1 (October 11, 2018) INTRODUCTION In an international commercial arbitration...
In this week’s update, we analyse a recent judgment of the Hon’ble Bombay High Court in the case of Transocean...
We are pleased to bring to you a quarterly update on Defence & Aerospace sector. We hope you will find...
This week, we have analyzed the Supreme Court’s decision in P.Radha Bai and Ors. v. P. Ashok Kumar and Anr....
The September issue of ELP’s Infrastructure and Energy digest addresses key issues in with respect to certain changes in cabotage...
The third quarter of 2018 (July – September) witnessed significant developments in the Indian competition law and regulatory space. With...
SC Rules: When a dispute resolution clause provides that disputes may be resolved either by arbitration or by the court,...
Several prominent schemes of India’s Foreign Trade Policy (“FTP”) are under challenge by the United States at the World Trade...
Understanding India’s offset policy India, the world’s largest importer of arms, would like to be self-sufficient in defence production. But...
Filco Trade Centre Pvt. Ltd. Vs Union of India The Hon’ble Gujarat High Court in its judgment and order in...
With the introduction of Goods and Services Tax (GST) regime in India, the industry and trade has been befuddled as...
M.E. Infraprojects Pvt. Ltd. & Anr. v. Municipal Corporation of Greater Mumbai & Ors. (Bombay High Court, September 3, 2018)...
Notifications Notification No. 51/2018-Central Tax dated September 13, 2018 (Date of applicability of TCS) - Notifies October 1, 2018 as...
Protests over rising fuel prices have made a few state governments announce tax cuts, though the Centre has stayed adamant...
Over the last quarter, there have been a spate of regulatory and legal developments that have significant implications for domestic...
SC conducts Factual Enquiry in an Application under Section 11 of the Arbitration and Conciliation Act, 1996 United India Assurance...
Notifications Notification No. 40/2018-Central Tax dated September 04, 2018 (Extension of due date) The notification extends the time limit for...
With GST laws being enforce for over a year and teething technical issues having been resolved to a large extent;...
The CBDT had amended Form 3CD i.e. the Tax Audit Report w.e.f. August 20 to include disclosures on expenses related...
Three former independent directors of one of fugitive jeweller Nirav Modi’s firms won a temporary reprieve from the Supreme Court,...
The inaugural ‘2+2 dialogue’ between India and the United States later this week aimed at strengthening defence ties is likely...
The Delhi High Court today stayed Central Government’s decision to ban the sale and manufacture of oxytocin, a peptide hormone, by...
This week we take a look at the Supreme Court’s (“SC”) judgment in K. Kishan v. M/s Vijay Nirman Company Pvt. Ltd. (Order dated...
The Director General of Civil Aviation (“DGCA”), after long debated Industry deliberations, has finally announced its Policy for remotely piloted...
Deal reporting of Samara Capital Partners Fund II and Samara Alternate Investment Fund for Acquisition of Spoton Logistics Private Limited...
The devil lies in the details. An adage which perhaps can be best fitted to the hospitality industry. And yet,...
Private ownership of public assets is a sensitive issue for most governments. However, particularly in the context of developing countries,...
The infrastructure sector has long established itself as a key growth driver for India’s economy. The sector was allocated over...
This week, we have analysed two significant judgments from the Supreme Court (“SC”) and Delhi High Court (“Delhi HC”) under...
The National Company Law Appellate Tribunal (“NCLAT”) in the matter of Shah Brothers Ispat Private Limited vs. P. Mohanraj &...
Data surrounds us and is generated in virtually everything we do. Data is generated during our everyday activities- whether it...
On 6th June 2018, the Insolvency and Bankruptcy Code, 2016 (“IBC”) was amended vide the Insolvency and Bankruptcy Code (Amendment)...
The recent amendments to the Prevention of Corruption Act, 1988 (‘PC Act’) made vide the Prevention of Corruption (Amendment) Act,...
1. NOTIFICATIONS Notification No. 31/2018-Central Tax dated August 6, 2018 The above Notification seeks to prescribe a special procedure for...
Given the rapidly evolving nature of business transactions in India and across the globe, a need was felt to update...
In this week’s alert we update our readers on what has been a significant fortnight for the law of arbitration...
Under a circular issued by RBI on June 7, 2018 titled ‘Reporting in a Single Master Form’ (available here) (“Circular”),...
1. Notifications Notification 30/2018 – Central Tax dated July 30, 2018 The above Notification seeks to extend the due date...
In a landmark ruling, the Hon’ble High Court of Hyderabad (“High Court”) has held that the Income-tax Department (“Department”) does...
Vide an amendment carried out to the Securities Contracts (Regulation) Rules, 1957 (“SCRR”) by the Securities Contracts (Regulation) (Amendment) Rules,...
Background: In its very first final judgment issued on July 25, 2018, the National Company Law Appellate Tribunal (NCLAT) upheld...
By a Notification dated 27.04.2018 bearing no. G.S.R No. 411 (E) dated 27.04.2018, the Central Government, in exercise of powers...
Join us for a panel discussion on the current landscape of arbitration in India, including the recent changes that have...
A note examining the recent developments pertaining to anti-profiteering provisions under India's GST framework.
Notifications Rate Changes / Exemptions Notifications issued giving effect to various rate changes / exemptions with respect of goods as...
The National Company Law Appellate Tribunal (“NCLAT”) in the matter of State Bank of India vs. Ram Dev International Limited,...
FTI Consulting, the MCIA and ELP are hosting a panel session on Cross-Border transactions; Dispute Resolution in India followed by...
We are delighted to invite you to attend an upcoming event on developments in Dispute Resolution in India, jointly hosted...
28th GST Council Meeting Rate Changes proposed There are various rate changes/exemptions for goods as well as services which have...
Circulars Circular 21/2018-Customs dated July 18, 2018 CBIC has set up ‘Help Desks’ for a period of 2 weeks till...
In a recent judgment (Modi-Mundipharma Pvt. Ltd. v. Uoi & Ors.; W.P. (C) 11802/2016), the Delhi High Court has recognised...
The GST laws set-up the National Anti-profiteering Authority (‘NAA’) basically as a deterrent to ensure that any benefit of reduction...
Notifications Notification No. 14/2018–C.T./GST – State Tax, dated July 12, 2018 The Government of West Bengal has partially modified Notification...
The National Company Law Appellate Tribunal (“NCLAT”) has in the matter of Arun Kumar Jagatramka vs Gujarat NRE Coke Ltd.,...
Background: In its order dated 12 July 2017, the Competition Commission of India (“CCI”) penalized the Federation of Gujarat State...
Further to notification of the IBBI (Insolvency Resolution Process for Corporate Persons) (Third Amendment) Regulations, 2018, dated 3 July 2018...
Notifications Notification No. 29/2018 – Central Tax, F. No.349/58/2017-GST (Pt.) dated July 6, 2018 The anti-profiteering related rules of the...
The Insolvency and Bankruptcy Board of India (“IBBI”) has clarified on the nature of services that can be provided by...
Anthony Gonsalves booked a stay at a hotel online and provided his credit card details to make the payment. For...
CBIC Advisory No. 275/15/2018-CX.8A dated July 4, 2018 CBIC has highlighted that instances have come to the notice of the...
Further to various changes being introduced by the Government to reform the debt recovery and bankruptcy framework, the Reserve Bank...
Further to the promulgation of the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018 on 6 June 2018 (“2018 Ordinance”), the...
The Securities and Exchange Board of India (“SEBI”) has, vide the SEBI (Alternative Investment Funds) (Amendment) Regulations, 2018 (available here)...
The Securities and Exchange Board of India (SEBI) has, in consultation with the Reserve Bank of India, vide circular number HO/IMD/DF1/CIR/P/2018/103/2018 dated...
Notifications Notification No. 15E/2018 - State Tax dated June 29, 2018 Maharashtra government amends the e-way bill rules with effect...
The April – June 2018 quarter has seen some important events and developments in the Indian competition law space. During...
The Insolvency and Bankruptcy Board of India (“IBBI”) has released a circular dated 29 June 2018 (available here) listing orders...
CHENNAI: At the time of Good and Services Tax (GST) implementation last year, the provision of input tax credit and...
This week, we have analyzed the Bombay High Court’s judgment in Do-It Computer JV v. The Municipal Corporation of Greater...
Department of Defence, Ministry of Defence, India has notified a revised Standard Operating Procedure (SOP) for the issue of Authorisation...
News Update Postponement of GST provisions relating to Reverse Charge, TDS and TCS The GST Implementation Committee (GIC) has decided...
The concept of offset, as understood in the defence sector, primarily aims to benefit a buyer over and above the...
Circulars Circular No. 49/23/2018-GST dated June 21, 2018 Central Board of Indirect Taxes and Customs modifies its earlier Circular dated...
We attach herewith a regulatory update on the decisions taken by the Securities and Exchange Board of India (“SEBI”) in...
The levy of Goods and Services Tax (‘GST’) is on supplies of goods or services or both. Intra-state supplies are...
This week, we have analyzed the Delhi High Court’s judgment in Antrix Corporation Limited v. Devas Multimedia Private Limited. The...
Notifications Notification No. 28/2018 – Central Tax dated June 19, 2018 Central Government notifies Central Goods and Services Tax (Fifth...
Notifications Notification No. 3/2018, F.No. 3(163)/Policy-GST/2018/298-307 dated June 15, 2018 Delhi government amends the e-way bill rules with effect from...
Welcome to the latest issue of ELP Knowledge Series. This publication is intended to keep you abreast of the latest...
MUMBAI: Some of India Inc's biggest consolidation deals - aimed at retiring debt or hiving off bleeding business units -...
SEBI vide circular number IMD/FPIC/CIR/P/2018/101 (available here) (“SEBI Circular”) and RBI vide circular number RBI/2017-2018/199 A.P. (DIR Series) Circular No....
‘India Update – Part 1 of 2018” is the latest addition to the ELP Knowledge Series. This document is intended...
Notifications Notification No. 26/2018-Central Tax dated June 13, 2018 CBIC notifies CGST (Fifth Amendment) Rules, 2018 hereby amending the following...
The Insolvency and Bankruptcy Board of India (IBBI) has issued a circular on 12 June 2018 (available here), for clarifying...
Notification Notifications and Order No. D.C. (A&R)-2/GST/PWR/Sections/2017-18/ADM-8 dated June 5, 2018 The Government of Maharashtra vide the abovementioned Notification...
RBI, vide a Circular dated June 7, 2018 bearing Circular No. RBI/2017-18/194 (A.P (DIR Series) Circular No. 30) (available here),...
Economic Laws Practice (ELP) has appointed Ashutosh Gupta as a partner of the strategy and planning practice and Karishma Maniar as...
Notification Notification No.13/2018-C.T./GST dated June 6, 2018 The Government of West Bengal vide the above Notification has enhanced the threshold...
The President today (6 June 2018) gave assent to promulgate the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018 (Ordinance). Following...
91 FAQs ON FINANCIAL SERVICES ISSUED BY CENTRAL BOARD OF INDIRECT TAXES & CUSTOMS Due to the complex nature of...
The Securities and Exchange Board of India (SEBI) has amended the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011...
Singapore-based private equity firm L Catterton Asia is buying a 10% stake in Kishore Biyani-led Future Lifestyle Fashions for approximately...
This week, we have analyzed the Delhi High Court’s ruling in Ashiana Infrahomes Pvt. Ltd. & Ors v. Adani Power...
Advance Ruling GKB Lens Pvt. Ltd. (West Bengal) [2018-TIOL-42-AAR-GST] Goods supplied to branch/depot for further supply as such can be...
Karthik K Mahalingam, the head of Shardul Amarchand Mangaldas & Co’s Bengaluru office announced his departure from the firm after...
A. Background 1. What is a system driven disclosure?: SEBI vide a circular dated December 1, 2015 (“Original SEBI Circular”)...
ADVANCE RULING 1. Giriraj Renewables Pvt. Ltd. (Karnataka) [2018-VIL-36-AAR] EPC contract for setting up of solar power plant, wherein supply...
In an important ruling in the matter of ANG Industries Limited v/s Shah Brothers Ispat Private Limited & Ashok Leyland...
This week, we have analyzed the Supreme Court’s ruling in Kalawati v. Rakesh Kumar[1]. In Kalawati, the Court examined the...
The world over, privacy concerns seem to dominate the mainstream discourse. Recent events of mass scale privacy breaches like the...
ADVANCE RULING Rashmi Hospitality Services Pvt. Ltd. [2018-VIL-35-AAR] Service in relation to supply of food by caterers in factory canteens...
ADVANCE RULINGS VPSSR Facilities (Delhi) [2018-TIOL-32-AAR-GST] Cleaning service provided to Railways does not qualify as a service in relation to...
In this week’s update, we examine the decision of the Hon’ble Delhi High Court concerning two treaty arbitration invoked against...
With the National Company Law Tribunal (NCLT) and the National Company Appellate Law Tribunal (NCLAT) closing for vacations, the resolution...
Recently, the Income Tax Appellate Tribunal, Bangalore in the case of Flipkart India Private Limited vs. ACIT, has held that...
NOTIFICATIONS Notification No. 3/2018-State Tax (Kerala) dated May 14, 2018 Exemption from preparation of E-way Bill on Intra-state supplies in...
India’s jump from Rank 130 to Rank 100 in ease of doing business can be largely attributed to various legal...
Recently, the Hon’ble Supreme Court (‘SC’) in the case of M/s Mahindra and Mahindra Ltd has ruled regarding the taxability...
In what is sure to be a judgment of far reaching consequences, the Supreme Court, in the case of Ameet...
NOTIFICATIONS - File No. MGST-1018/C.R.38/ (Maharashtra) May 10, 2018 The Government of Maharashtra vide the above Notification has constituted the...
Mumbai: The market regulator Securities and Exchange Board of India (Sebi) on Thursday notified changes in the governance norms for...
In view of various cases being dealt by the National Company Law Tribunals (“NCLT”) across various jurisdictions to allow exclusion...
Settling trade disputes in a timely manner is important. It mitigates the negative effects of unresolved international trade conflicts. For...
ADVANCE RULING AUTHORITY M/s Shreenath Polyplast Private Limited (Gujarat) [GUJ/GAAR/R/2018/3] - Interest received by the Applicant (Del Credere Agent) is...
E-WAY BILL Notification No. 15D/2018-State Tax dated May 7, 2018 The Commissioner of State Tax, Maharashtra has notified E-way bill...
Securities and Exchange Board of India (“SEBI”) vide notification no. SEBI/LAD-NRO/GN/2018/10 dated May 9, 2018 has issued the SEBI (Listing...
ADVANCE RULING AUTHORITY Giriraj Renewables Private Limited (Maharashtra) [TS-155-AAR-2018-NT] Engineering, Procurement and Construction contract (Turnkey / EPC) for setting up...
This week we have analyzed the decision of the Delhi High Court in Ok Play Auto Pvt. Ltd. v. Indian...
Economic Laws Practice (ELP) has promoted 5 associate partner to salaried partner or the equivalent director level, while 15 other...
JGLS Sonepat has concluded its so-called Day Zero interviews, which were staggered between April and concluded in early May, resulting...
5 Associate Partners were promoted as Partners/Directors (salaried partner equivalent). In addition 4 counsels and 11 Senior Associates were promoted...
The Central Government has notified the provisions (notification available here) in relation to financial service providers under the Insolvency and...
Economic Laws Practice (ELP) has added former Tata Power head of strategy and contracts Karishma Maniar as an associate director...
Economic Laws Practice has appointed Khaitan & Co, Director – Business Strategy & Business Development Ashutosh Gupta as Director –...
Economic Laws Practices announces two significant appointments to its business practices. Ashutosh Gupta (Partner - Strategy and Planning) With nearly...
“Larsen & Toubro, India’s largest engineering and construction company, will sell its electrical and automation business to European multinational Schneider...
On 17 April 2018, the Supreme Court of India (“Supreme Court”) handed down a decision according strict interpretation to the...
This week we have analyzed the decision of the Supreme Court in Cheran Properties Limited v. Kasturi and Sons Limited,...
The Insolvency and Bankruptcy Board of India (“IBBI”) has issued a circular dated April 23, 2018 (“Circular”) (available here) to...
Last week, the Competition Commission of India (“CCI”) in a telling order resorted to the leniency provisions while reducing penalties...
This week, we examine the decision of the Supreme Court in M.P. Power Generation Co. Ltd & Anr. v. Ansaldo...
This week, we take a look at the Bombay High Court’s (“HC”) judgment in in the case of Suman Baburao...
Private equity firm Neev Fund, which is backed by State Bank of India and UK’s Department for International Development, has...
Recently, the Delhi ITAT in the case of M/s GoDaddy.com LLC vs ACIT has upheld that the receipts earned from...
The Special 301 Report is prepared annually by the Office of the United States Trade Representative (USTR) under Section 301 of the Trade Act of...
In a case dealing with the liability of independent directors for frauds and siphoning alleged to be committed by a...
The January – March 2018 quarter has seen some important events and developments in the Indian competition law space. During...
The Report of the Insolvency Law Committee, dated March 26, 2018, has been released by the Ministry of Corporate Affairs....
It is not the direct impact of tariffs of steel and aluminium that are a major concern to India's economy...
We attach herewith a regulatory update on the recommendations of the Committee on Corporate Governance chaired by Mr. Uday Kotak...
Update on the Bombay High Court’s ruling in Ecopack India Paper Cup Pvt. Ltd. v. Sphere International wherein a Division...
The Insolvency and Bankruptcy Board of India (“IBBI”) has amended the IBBI (Liquidation Process) Regulations, 2016 (“Liquidation Regulations”) vide the...
The Insolvency and Bankruptcy Board of India (“IBBI”) has amended the IBBI (Insolvency Professionals) Regulations, 2016 (“IP Regulations”) vide the...
The Insolvency and Bankruptcy Board of India (“IBBI”) has amended the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016...
The National Company Law Tribunal, Kolkata Bench (“NCLT”), in the case of Sreerampur Ispat Private Limited vs Bajoria Steel &...
At the recently concluded 11th World Trade Organization (“WTO”) Ministerial Conference, WTO members were unable to agree on how to...
This update focuses on the Supreme Court’s ruling in Shafhi Mohammad v. State of Himachal Pradesh[1], and the decision of...
Recently, the Supreme Court in the case of Maxopp Investment Ltd. v. CIT has upheld that the provisions of Section...
In this week’s alert we update our readers on what has been a significant fortnight for the law of arbitration...
Bid tests insolvency proceedings before NCLT; case could be taken to apex court MUMBAI, MARCH 19 UltraTech Cement on Monday...
The National Company Law Tribunal, Kolkata Bench (“NCLT”) in the case of Punjab National Bank vs Divya Jyoti Sponge Iron...
The 11th Ministerial Conference of the World Trade Organization (‘WTO’) concluded on December 13, 2017 without achieving any substantive results....
At the recently concluded 11th World Trade Organization (“WTO”) Ministerial Conference, WTO members were unable to agree on how to...
The Insolvency and Bankruptcy Board of India (“IBBI”) has signed a memorandum of understanding (“MoU”) on 12 March 2018 with...
In an important ruling by National Company Law Appellate Tribunal (“NCLAT”) in the case of State Bank of India vs...
We had earlier examined the Supreme Court’s decision in Inox Wind Ltd. v. Thermocables Ltd. (‘Inox Wind’). The SC had...
The National Company Law Appellate Tribunal (“ NCLAT”), vide an order dated February 28, 2018 in the case of State...
There is a lot of uncertainty with respect to the applicability of the amended provisions of the Arbitration and Conciliation...
Pursuant to the discussions in the SEBI board meeting held on December 28, 2017 (“SEBI Board Meeting”), SEBI issued: (i)...
The Insolvency and Bankruptcy Board of India (“IBBI”) has reiterated the confidentiality obligations of the insolvency professionals vide its circular...
This week, we have analyzed the Supreme Court’s decision in Sundaram Finance Limited v. Abdul Samad and provided a snapshot...
India’s largest public sector lender State Bank of India (SBI) has invested an undisclosed amount from its Neev Fund in...
Private equity firm Neev Fund, which is backed by State Bank of India and UK’s Department for International Development, has...
SBI Capital Neev Fund invests in SunSource Energy a leading provider of end-to-end solar project development and EPC services in...
This week, we have analyzed the Supreme Court’s recent ruling in M/s ONGC Mangalore Petrochemicals Ltd. v. M/s ANS Constructions...
MUMBAI : JSW SteelNSE -0.88 %, the country’s most profitable major steel producer, plans to raise $1.5 billion, or about...
Not only has the sector welcomed a dedicated Affordable Housing Fund in the Union Budget 2018-19, but also the impetus...
RBI has introduced important changes to the framework for resolution of stressed assets. In relation to the same, please find...
This week 27 Indian startups raised about $215 Mn in funding altogether and four startup acquisitions took place in the...
This week, we have analyzed the Supreme Court’s recent ruling in Kandla Export Corporation & Anr. v. OCI Corporation &...
The Insolvency and Bankruptcy Board of India (“IBBI”) has amended the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process...
Ahmedabad based startup ‘FoodMemories’, a marketplace for authentic geographically unique Indian foods, has secured seed investment from a consortium of...
In a writ petition filed in the Calcutta High Court in the matter of Akshay Jhunjhunwala & Anr. Vs. Union of...
While Aviom India Housing Finance and Food Memories have raised funds, online eyewear firm Lenskart is investing $4 million more in...
Ahmedabad based startup ‘FoodMemories’, a marketplace for authentic geographically unique Indian foods, has secured seed investment from a consortium of...
Ahmedabad-based FoodMemories, a marketplace for authentic geographically unique Indian foods has raised seed funding led by e-commerce focused logistics provider...
Ahmedabad-based FoodMemories, a marketplace for authentic geographically unique Indian foods has raised seed funding led by e-commerce focused logistics provider...
A day after the Centre deferred February 1 rollout of the e-way bill in the wake of ‘technological glitches’ that...
This week, we analyze the Supreme Court’s recent verdict in Indian Farmers Fertilizer Co-operative Limited v. Bhadra Products. The issue...
There were no major direct announcements related to realty sector, in the Union Budget 2018-19. However, there is an expectation...
While the budget 2018 is the fourth consecutive budget of the current government and the Honorable Finance Minister. It is...
With the success rate of bad debts recovery under the Insolvency Bankruptcy Code (IBC) at a low level, the government...
In the third Budget of the NDA, the Government has walked a tightrope by seeking to balance populist measures with...
In an interim order passed by the Apex Court on 25 January 2018, in the matter of Shivam Water Treaters...
In this week’s update, we take a look at the judgment of the Delhi High Court (“Court”) in Parasramka Holdings...
The Insolvency and Bankruptcy Code (Amendment) Act, 2018, (available here) has received the President’s assent on 18 January 2018, and...
In 2012, Swedish furniture major IKEA started doing research in India going from one household to another in different cities...
In 2012, Swedish furniture major IKEA started doing research in India going from one household to another in different cities...
In 2012, Swedish furniture major IKEA started doing research in India going from one household to another in different cities...
On behalf of ELP I am delighted to present our analysis of the Union Budget 2018-19, delivered by the Honourable...
This week we analyse the decision of the Supreme Court in the case of Inox Wind Ltd. v. Thermocables Ltd....
In a strictly worded circular (available here) issued by the Insolvency and Bankruptcy Board of India (“IBBI”), issued on 16...
In an important clarificatory circular (available here) issued by the Insolvency and Bankruptcy Board of India (“IBBI”), dated 16 January...
The National Company Law Appellate Tribunal (“NCLAT”), in the matter of Ameya Laboratories Limited v/s Kotak Mahindra Bank Ltd. & Ors.,...
We had earlier examined the Supreme Court’s decision in Sri Chittaranjan Maity v. Union Of India (“Maity”). The SC held...
Here is how home prices in various segments of the property market will be affected by the GST According to...
Khaitan & Co lifted the ELP Masters Cricket Cup trophy for the second time after defeating hosts and defending champions Economic...
Khaitan & Co bested Economic Laws Practice (ELP) and won the ELP Masters Cup Cricket Tournament on 7 January after three days of...
The Union Cabinet has liberalised the foreign direct investment (FDI) policy (press release available here). Some of the key amendments...
The Companies (Amendment) Act, 2017, (“Amendment Act”) has received the President’s assent on 3 January 2018, after receiving the Rajya...
The October – December 2017 quarter has seen some interesting developments in the Indian Competition Law and regulatory space. ELP’s...
In our email alert last week, we had talked of the New Delhi International Arbitration Centre Bill, 2018 that has...
The New Delhi International Arbitration Centre Bill, 2018 (“Bill”) (attached herewith) has been introduced in the Lok Sabha for establishing...
The Indian pharma industry has, over the course of the last few years, met with substantial headwind impeding its growth...
SEBI’s press release PR No: 68/2017 dated December 28, 2017 (available here) sets out certain decisions taken in its Board...
The Companies (Amendment) Act, 2017, (“Amendment Act”) has received the President’s assent on 3 January 2018, after receiving the Rajya...
The Insolvency and Bankruptcy Board of India (“IBBI”) has issued three (3) circulars on the following obligations being imposed on...
The Insolvency and Bankruptcy Board of India (“IBBI”) has amended the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016,...
Five years on, that CCI verdict has lost most of its sting after being tossed back and forth between various...
MUMBAI: Canadian asset manager Brookfield and the Mahindra group have jointly bid for 2,200 megawatts of power assets belonging to Jaypee Power...
Trade ministers from around the world attended the once-in-two years World Trade Organization (WTO) ministerial in Argentina earlier this month....
NEW DELHI: The Supreme Court has asked the country’s technical advisory body on drugs to decide on the fate of...
The Supreme Court has asked the country’s technical advisory body on drugs to decide on the fate of more than...
The National Company Law Tribunal, Bench at Hyderabad in the matter of K. Sashidhar versus Kamineni Steel & Power India...
Stung by the latest amendments to the Insolvency and Bankruptcy Code (IBC), promoters will increasingly look to settle small disputes...
Promoters of at least four small companies managed to pass their resolution plans before New Delhi tweaked the bankruptcy code,...
Some of the promoters of companies facing insolvency proceedings may legally test the new ordinance on bankruptcy code, which has...
The Supreme Court on Wednesday said the central government need not consult the statutory board on drugs before banning any...
Construation major DSC Ltd (DS Construction Ltd), which bagged several road and railway projects including the Delhi-Gurgaon Expressway, obtained a...
Construation major DSC Ltd (DS Construction Ltd), which bagged several road and railway projects including the Delhi-Gurgaon Expressway, obtained a...
While the drop in wind power tariff to Rs2.64 per unit, at an auction conducted by Solar Energy Corp. of...
Despite a raft of changes to India's new goods and services tax (GST), economists and businesses say further amendments to...
Despite a raft of changes to India's new goods and services tax (GST), economists and businesses say further amendments to...
While the drop in wind power tariff to Rs2.64 per unit, at an auction conducted by Solar Energy Corp. of...
Energy firms in India are increasingly diversifying to generate revenues from renewables in a effort to keep pace with the...
The Government has been looking to take adequate action to improve the “ease of doing business ranking”, in addition to...
Data surrounds us and is generated in virtually everything we do. One type is data that we may voluntarily share,...
In a precedent-setting move, small shareholders are pushing for a board seat in the country’s oldest pharmaceutical company — the...
Originally intended for providing a roof over the head of every urban poor, the subsidy scheme under Pradhan Mantri Awas...
On June 13, the Reserve Bank of India directed banks to refer 12 large stressed accounts for resolution under the...
Manjula Shelar, a housewife from a small farming village in the Thane district of the state of Maharashtra in India,...
Despite a lower tax rate under goods and services tax (GST), outbound international travellers may have to shell out more...
The consumers will have to shell out more for the ready to move-in flats under the GST system as developers...
The consumers will have to shell out more for the ready to move-in flats under the GST system as developers...
The consumers will have to shell out more for the ready to move-in flats under the GST system as developers...
The consumers will have to shell out more for the ready to move-in flats under the GST system as developers...
The consumers will have to shell out more for the ready to move-in flats under the GST system as developers...
The consumers will have to shell out more for the ready to move-in flats under the GST system as developers...
The consumers will have to shell out more for the ready to move-in flats under the GST system as developers...
The consumers will have to shell out more for the ready to move-in flats under the GST system as developers...
The roll-out of India's new goods and services tax (GST) is the latest bold economic change in a period of...
How will GST impact the residential capital and rental markets in India? The effective rate of GST on sale of...
The government has notified the goods and services tax rate for construction of real estate at 18% as against 12%...
India’s greatest tax reform - replacing an array of provincial duties with a nationwide goods and services tax - is...
India’s greatest tax reform - replacing an array of provincial duties with a nationwide goods and services tax - is...
India’s greatest tax reform - replacing an array of provincial duties with a nationwide goods and services tax - is...
India’s greatest tax reform - replacing an array of provincial duties with a nationwide goods and services tax - is...
India’s greatest tax reform - replacing an array of provincial duties with a nationwide goods and services tax - is...
The Reserve Bank of India's latest provisioning diktat may force banks to opt for deeper haircuts or sell loans to...
The real estate sector has historically been prone to litigation on several aspects, including but not limited to its taxability...
Ahead of the Goods and Services Tax (GST) implementation on July 1, small and medium traders have said they are...
In a push for greater ease of doing business in the country, the Central Drugs Standard Control Organisation (CDSCO) has...
In a push for greater ease of doing business in the country, the Central Drugs Standard Control Organisation (CDSCO) has...
The need for Infrastructure in India is essential on all three fronts: social, economic and political. In the first of...
The Securities and Exchange Board of India (Sebi) is training its guns at the promoters of companies that have been...
ED set to move court to get confiscation order; won't be so simple, say banks Banks and the Enforcement Directorate...
The goods and services tax (GST) will prove to be a big plus for pharma exporters. Companies that are importing...
India is increasingly focusing on developing energy ties with surrounding countries, which is set to help to boost business opportunities...
How can we mitigate supply chain disruptions in the fast paced world? One must carefully understand its vulnerabilities and plan...
India’s property market has long been troubled by unscrupulous developers and weak regulations. So it is no wonder that a...
Works contracts and real estate sector have always been characterised by unsettled Indirect tax positions and complexities. Adoption of different...
Prior to 1st June, 2016, both, transportation of goods by vessels from outside India to India (‘the import leg’) and...
With the introduction of Goods and Services Tax (GST), it will be a game-changer for the logistics industry. Currently, all...
The First Quarter of 2017 saw several announcements, policy statements and regulatory actions affecting the Pharma & Life Sciences Industry....
Recently, India announced that its Union Cabinet had approved signing of a new Bilateral Investment Treaty [BIT] with Cambodia, another...
The GTR Asia India Trade and Treasury Conference, 2017 was organized on February 22, 2017, at Taj Lands End, Mumbai....
India’s CFO’s forum session of BW Businessworld’s post Budget 2017 panel discussion was held at Trident, BKC, Mumbai. There is...
On the sidelines of Vibrant Gujarat Global Summit, Finance Minister Arun Jaitley has reiterated the intent to roll out GST...
The Goods and Services Tax Council (Council) met on 3rd and 4th January, 2017. Though some progress has been made at the meeting, various...
Recent news-reports indicate that even under the GST regime the Government is considering the option for centralised registration for certain...
Position under Service tax law Imposition of Service tax on reverse charge basis was first introduced in the year 2002....
The fifth meeting of the GST Council (“GSTC”) is underway, however, as per the inputs at the end of the first day...
Starting today, a major indirect tax change could make e-services more expensive for individuals in India. The government will charge...
The highlight of the week just ended with the postponement of the meeting of the GST Council (GSTC) from November...
The three Draft GST Bills i.e. draft Central Goods and Service Tax Bill (‘CGST Bill’), the Integrated Goods and Service...
The Karnataka high court on Friday ordered the winding up of Vijay Mallya’s Kingfisher Airlines Ltd (KFA), in a case...
The dispute between the Tata Group and Japan's NTT DoCoMo over the latter's exit from Tata Teleservices has taken yet...
The Finance Minister recently indicated that while GST is aimed to be implemented from April 1, 2017, the roll out would have...
The Securities and Exchange Board of India (Sebi) is doing a preliminary examination of the arrangement between Tata Sons and...
The two-day meeting (held on 03rd and 04th of November) of the Goods and Services Tax Council (GSTC) was able to build...
Section 19 (Chapter 5) of The Model Goods and Service Tax Law provides for registration of every taxpayer within 30...
All steps in last six months, taken towards embracing GST, an example of “cooperative federalism” at work, appear to stand...
The State Government in Maharashtra has been implementing slum rehabilitation schemes for over decade with a presented view of providing...
GST is considered to be India’s most ambitious tax reform and the Government of the say has made much progress...
DGFT vide Trade Notice No. 17/2016 dated 22.09.16 has clarified the eligibility of refund of Terminal Excise Duty (TED) paid...
One of the most laborious and essential business in our country is agriculture. There are more than just a few...
In a 2012 interview published in Harvard Business Review, Gautam Mukunda, assistant professor in the Organisational Behaviour Unit of Harvard...
In furtherance of the new economic policy, the Arbitration & Conciliation Act, 1996 (the “Act”) was first promulgated about 20...
Section 171 of the Central Goods and Services Tax Act, 2017 (“CGST Act”) mandates that any reduction in rate of...
The Government has amended the Prevention of Corruption Act, 1988 (‘PC Act’) by enacting the Prevention of Corruption (Amendment) Act,...
India’s jump from Rank 130 to Rank 100 in ease of doing business can be largely attributed to various legal...
Assisted the Government of India As a member of the Expert Committee formed by Ministry of Finance for Rationalization of...
We are delighted to bring you ELP's guide to “Hospitality – Indian Legal Issues” which highlights the important Indian legal...
The law of arbitration in India has been evolving to complement the needs of India’s globalising economy. India’s intent to...
On June 6, the Insolvency and Bankruptcy Code, 2016 (IBC) was amended through the Insolvency and Bankruptcy Code (Amendment) Ordinance,...
Online Sales of Medicines: Madras High Court Petition By the judgment (dated 17.12.2018) in the matter captioned The Tamil Nadu...
The Competition Commission of India on Thursday 8th February has passed orders imposing a fine of Rs 136 Crores on Google...
In light of various developments in the realm of corporate governance across the globe and in continuation of its role...
