Supreme Court’s verdict on Rajesh Viren Shah vs. Redington clarifies former directors’ liability post-resignation, setting a crucial precedent for corporate governance.
Explore the Calcutta High Court’s decision in Kamal Kishore Mimani vs. Ajay Mimani, highlighting the intricacies of enforcing arbitration awards and the limits of judicial intervention.
Explore the latest alterations in GST regulations for online gaming unveiled by Finance Minister Nirmala Sitharaman. Understand the impact and future prospects for the industry.
Supreme Court upheld the importance of proportionate and equal treatment for creditors in a class, emphasizing that the Resolution Plan should be feasible, viable, and just. The Court rejected the appellant’s plea for a higher amount based on the value of their security interest, underscoring the need for a rational and equitable resolution process that maximizes the value of the Corporate Debtor’s assets.
Supreme Court held that dues under Micro, Small, and Medium Enterprises Development Act, 2006 would not prevail over SARFAESI Act.
Recent Judgement under Arbitration law in June 2021 1. Non-signatory being directly involved in the contract can be compelled to arbitrate: Delhi HC. Shapoorji Pallonji and Co. Pvt. Ltd. vs. Rattan India Power Ltd. and Ors. The petitioner and respondent had entered into four contracts, wherein disputes arose and issue of controversy being whether prima […]
I. GOVERNMENT ALLOWS COMPANIES TO CONDUCT EGMs THROUGH VS OR OAVM AND EXTENDS TIMELINE FOR THE SAME: The Ministry of Corporate Affairs vide notification dated 15th June 2021 allowed companies to conduct extraordinary general meetings (EGMs) through Video Conferencing (VC) or other audiovisual means (OAVM), or through postal ballot. The ministry in view of the […]
Securities Exchange Board of India (‘SEBI’) vide its Circular dated June 15, 2021, has provided relaxation in the provision related to a minimum vesting period of one year in case of Employee Stock Options (“ESOP”) and Stock Appreciation Rights (“SAR”). There is a requirement of a minimum vesting period of one year for ESOP and SAR under […]
Ministry of Corporate Affairs (MCA) has, vide its Notification dated June 15, 2021, notified the amendment in Companies (Meetings of Board and its Powers) Rules, 2014. The said amendment has been notified to delete the provision related to restriction of conducting Board Meeting through Video Conferencing/Other Audio-Visual Means for selected agenda items. To curb the […]
Planning a Business Trip or a vacation stay at Hotels? Know your right with respect to collection of personal data of Hotel Guests Fundamentally, the hospitality business has a simple practice – as is frequently said, it adds up to placing heads in beds. In any case, managing to find the heads to be placed […]
