EPC Constructions Limited (“EPCC”) accepted an issuance of 8% Cumulative Redeemable Preference Shares (“CRPS”) from Matix Fertilizers and Chemicals Limited (“Matix”) in August 2015 in lieu of outstanding receivables, with an aggregate allotment of about INR 250 crores and a contractual redemption timeline, after which EPCC’s insolvency professional demanded redemption and filed a Section 7 IBC application when Matix disputed liability. The NCLT dismissed the application and t

In Varun Tyagi v. Daffodil Software Private Limited  (CM APPL. No. 36613 of 2025), the Delhi High Court once again examined the enforceability of restrictive covenants in employment contracts. The Court reaffirmed that non-compete clauses that operate after termination of employment are void under Section 27 of the Indian Contract Act, 1872. Background In the case under discussion, a software professional who had earlier worked on a government technology project resigned and

When a person passes away, their property, money, and other belongings need to be lawfully transferred to their legal heirs or beneficiaries. The Indian Succession Act, 1925 (“ Act ”), provides three key instruments to regulate this process. Probate, Letter of Administration, and Succession Certificate. Each serves a distinct purpose in ensuring that the estate of the deceased is distributed according to law.   Probate A Probate is a certified copy of a will issued by a court

Background The appellant, Novenco Building and Industry A/S, initiated a patent and design infringement suit before the Delhi High Court, alleging that the respondents were unlawfully manufacturing and selling products that violated its registered intellectual property rights. Along with the suit, the appellant sought urgent interim injunctions to restrain ongoing infringement. The High Court, however, declined to entertain the interim relief application and directed the appe

The Securities and Exchange Board of India (SEBI) has provided relief to Angel Funds by extending the timeline for disclosing a defined methodology for investment allocation among participating investors. SEBI had earlier amended the SEBI (Alternative Investment Funds) Regulations, 2012 (“AIF Regulations”) through the Second Amendment Regulations, 2025, which were notified on September 9, 2025, introducing a revised regulatory framework for Angel Funds. Pursuant to these amen

PART A: THE CONCEPT BEHIND PIT REGULATIONS   · Securities and Exchange Board of India (“SEBI”) has been established under the Securities and Exchange Board of India Act, 1992 (“SEBI Act”) with the principal objects of a) protecting the interests of investors in securities ; and b) promoting the development of, and regulating, the securities market, and for matters connected therewith or incidental thereto. · To achieve the above stated objectives, over a period of time, SE

I. Introduction   In a significant move aimed at enhancing confidentiality in the Initial Public Offering (“IPO”) process, the...

The legal framework in India imposes various restrictions and disqualifications on individuals adjudged as insolvent. Insolvency applies...

Introduction The Bombay High Court’s recent ruling has brought significant clarity on the applicability of Goods and Services Tax (GST)...

o   Introduction: Artificial Intelligence (AI) is advancing at an unprecedented pace, revolutionizing industries and fundamentally...

The Securities and Exchange Board of India ( SEBI ) has introduced significant amendments to the Alternative Investment Funds ( AIF )...

In a significant move aimed at enhancing the ease of doing business for issuer companies, the Securities and Exchange Board of India...

The Securities and Exchange Board of India (SEBI) has released the Securities and Exchange Board of India (Alternative Investment Funds)...

A shareholders' agreement, also called a stockholders' agreement, is an arrangement among shareholders that describes how a company...

INTRODUCTION The Digital Personal Data Protection Act, 2023 (the Act or DPDPA), establishes a robust framework for safeguarding personal...

INTRODUCTION In the digital age, where data is often regarded as the new oil, businesses increasingly rely on extensive personal and...

The International Financial Services Centres Authority (IFSCA) in India is responsible for the regulation and development of financial...

On May 10, 2024, the Securities and Exchange Board of India (SEBI) issued a notification, No. SEBI/LAD-NRO/GN/2024/176, concerning the...

Securities Exchange Board of India (SEBI) recently issued a directive focused on enhancing oversight of distributors involved in...

The circular issued by Securities Exchange Board of India (SEBI) pertains to measures aimed at simplifying and easing compliance...