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

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

Introduction In the realm of legal reforms, India has witnessed the enactment of the Bhartiya Sakshya Adhiniyam, 2023 (BSA) that aims to...