Timely updates on legal developments, judiciary announcements, and regulatory changes.
This is one of the largest transactions in the Indian consumer tech sector and the second largest QIP by a non-banking company ever in India.
The petition filed by Aakash Educational Services questioned the legality of the funds raised by Think & Learn to subscribe to the rights issue.
Passing an order over an application moved by CCI seeking clarification over the previous order passed by NCLAT, the appellate tribunal said, "Appellant (WhatsApp and Meta) cannot assert unilateral or open-ended rights over user data.
The Delhi High Court is already hearing a similar case concerning the crisis. IndiGo has faced criticism for cancelling hundreds of flights, stranding thousands of passengers.
A bench comprising Chief Justice Surya Kant and justices Joymalya Bagchi and Vipul M Pamcholi also ordered day-to-day trial in the case by a special court and asked the journalist not to take any adjournments in the hearing.
The National Company Law Appellate Tribunal has rejected SEBI's attempt to recover a penalty from Annies Apparel. The tribunal ruled that claims cannot be filed after a company enters liquidation under the Insolvency and Bankruptcy Code. This decision upholds the principle that all claims are frozen on the liquidation commencement date.
The Indian government is set to introduce a bill to raise FDI in the insurance sector to 100%, aiming for universal insurance by 2047. The proposed legislation will also allow mergers of non-insurance companies with insurance entities and establish a Policyholders' Education and Protection Fund.
The court ruled that using the "COX 5001" trademark amounts to "passing off", a term used in intellectual property rights (IPR) law referring to making a false representation that is likely to mislead someone into believing that the goods or services come from another source.
Discussions will also cover simplifying IPO disclosures and easing pre-IPO lock-in rules. A report on conflict of interest rules for top officials is also on the agenda.
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