CCI clears merger of nine pharma entities with Sequent Scientific, ET LegalWorld
The Competition Commission on Tuesday cleared the proposed amalgamation of nine entities with pharmaceutical firm Sequent Scientific Ltd (SSL). “The proposed combination involves a series of inter-connected steps carried out for the amalgamation of SRL, Viyash, Symed, Appcure, Vindhya Pharma, Vandana, Vindhya Organics, Geninn and SV Labs with SSL as the ultimate surviving entity,” CCI […]
Delhi HC rules in Favor of Mankind Pharma in a trademark infringement case against Sepkind Pharma, ET LegalWorld
In a trademark infringement suit filed by Mankind Pharma against Sepkind Pharma, the Delhi High Court has restrained Sepkind Pharma from using its registered trademark “SEPKIND”, after considering the rights of Mankind on its “KIND” family of trademarks. The Court has held that an ex-parte ad-interim injunction can be passed even against the registered proprietor […]
AstraZeneca Pharma wins key ITAT order on corporate tax and transfer pricing, ET LegalWorld
AstraZeneca Pharma India has received an order from the Income Tax Appellate Tribunal issued under section 254 of the Income Tax Act, 1961 for the assessment years 2017-18 and 2018-19. The order has been passed pursuant to the appeal filed by the Company against the final assessment order passed by the Tax Officer for the […]
Govt slaps fine on Sun Pharma officials over related party transactions, ET LegalWorld
Sun Pharmaceutical Industries Ltd on Thursday said the Ministry of Corporate Affairs has levied penalties on certain past and present directors and officials, including CMD Dilip Shanghvi, for non-disclosure and not obtaining approval of its board and shareholders for certain related party transactions. The company has received an order from the Regional Director, North Western […]
Delhi HC restrains Aquakind labs from using ‘AQUAKIND’ trademark over Mankind pharma infringement, ET LegalWorld
The Delhi High Court has restrained Aquakind Labs from using the mark “AQUAKIND” as a trade name/trademark, holding that such use amounts to infringement of Mankind Pharma’s trade mark “MANKIND” and “KIND” family of trademarks. The plaintiff contended that due to the goodwill and reputation generated by the plaintiff on account of its extensive use […]
Delhi High Court grants injunction to Mankind Pharma, restrains Sanshiv Health Tech from using similar trademark, ET LegalWorld
On September 20, The Delhi High Court in a suit filed by Mankind Pharma Limited granted injunctive relief to Mankind by restraining a pharmaceutical manufacturer Sanshiv Health Tech from using the similar trade dress / trademark as that of Mankind Pharma. The court observed the defendants to be guilty of blatantly adopting and using the […]
Sun Pharma receives order of ₹35.43 Lakh by GST Dept for Unpaid Taxes on Recoveries from July 2017 to March 2020, ET LegalWorld
Sun Pharmaceutical Industries Limited has penalised by the Assistant Commissioner, Goods & Service Tax, Division, Mohali-I, Punjab, according to the stock exchange. The order was passed u/s 74 of the GST Act, 2017, imposing penalty Rs. 35,43,766/- The Demand was created against unpaid tax on certain recoveries during the period from July 2017 to March […]