Tech industry bats for deeptech fund, tweaks in safe harbour rules’ threshold, ET LegalWorld
India’s apex IT industry body Nasscom has batted for tweaks in safe harbour rules and widening the scope for utilisation of SEZ reinvestment reserves in its Budget wishlist, while advocating for creation of a central deeptech fund to bolster startup ecosystem in India. Creation of a grant framework for the deeptech ecosystem, and making the […]
Agro Tech Foods’ acquisition of Bharti Group-Del Monte JV firm gets CCI nod, ET LegalWorld
The Competition Commission of India (CCI) on Tuesday approved three deals, including the acquisition of Del Monte Foods–a joint venture between the Bharti Group and Del Monte Pacific–by Agro Tech Foods. Bharti had held 59.29% in the JV and Del Monte Pacific the rest. The acquisition was valued at Rs 1,300 crore, according to a […]
Va Tech Wabag Limited vs Steel Authority Of India Limited on 17 January, 2025
Orissa High Court Va Tech Wabag Limited vs Steel Authority Of India Limited on 17 January, 2025 Author: Savitri Ratho Bench: Savitri Ratho IN THE HIGH COURT OF ORISSA AT CUTTACK W.P.(C) No.3888 of 2024 An application under Article 226 of the Constitution of India. ———— VA TECH WABAG LIMITED, having its registered office at […]
M/S Uppal Chadha Hi Tech Developers Pvt. … vs State Of N.C.T Of Delhi & Anr. on 9 December, 2024
Delhi High Court M/S Uppal Chadha Hi Tech Developers Pvt. … vs State Of N.C.T Of Delhi & Anr. on 9 December, 2024 Author: Chandra Dhari Singh Bench: Chandra Dhari Singh * IN THE HIGH COURT OF DELHI AT NEW DELHI % Reserved on : 19th November, 2024 Pronounced on: 9th December, 2024 + W.P.(CRL) […]
Sebi tackles tech glitches with new online monitoring mechanism for system audits of brokers, ET LegalWorld
Capital market regulator Sebi has proposed an online monitoring mechanism for system audits of stock brokers to cut down on technical glitches. In a consultation paper released on Tuesday for public comments, Sebi said it aims to address gaps in the current audit processes, including poor quality, lack of physical site visits by auditors, and […]
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 […]
M/S Ultra Tech Cement Limited vs Mast Ram on 20 September, 2024
Supreme Court of India M/S Ultra Tech Cement Limited vs Mast Ram on 20 September, 2024 2024 INSC 709 REPORTABLE IN THE SUPREME COURT OF INDIA CIVIL APPELLATE JURISDICTION CIVIL APPEAL NO. 10662 of 2024 (Arising out of the Special Leave Petition (Civil) No. 14286 of 2022) M/s. ULTRA-TECH CEMENT LTD. …APPELLANT VERSUS MAST RAM […]
Arbitrator awards Rs. 12.66 Crore to Travancore Titanium in dispute with VA TECH WABAG; WABAG to challenge decision, ET LegalWorld
In a matter between M/s. Travancore Titanium Products Ltd (TTPL) and VA TECH WABAG LTD (WABAG), the Sole Arbitrator Shri P. R. Ramachandra Menon has passed an award in favor of TTPL in Kochi, Kerala, according to the stock filing. The Arbitrator has awarded TTPL an amount of Rs. 12,66,83,750/- with 12% interest from the […]
NCLT dismisses Bank of Maharashtra’s plea against personal guarantors of Gopal Krishna Oil Tech Industries, ET LegalWorld
The National Company Law Tribunal in Mumbai has dismissed the Bank of Maharashtra’s application to initiate insolvency resolution proceedings against the personal guarantors of Gopal Krishna Oil Tech Industries Pvt. Ltd. The bankruptcy court, while dismissing the application observed that the lender had approached the tribunal beyond the period of the limitation. The division bench […]