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  • Article

    NCLAT Sets Aside Abuse Of Dominance Order Against Grasim On Natural Justice Grounds

    The National Company Law Appellate Tribunal overturned a Competition Commission of India decision that had penalized Grasim Industries approximately INR 300 crore for alleged abuse of dominance in the Viscose Staple Fibre market. The tribunal found that CCI violated natural justice principles by disagreeing with investigation findings without providing notice or hearing to Grasim, leading to a complete remand of the matter.
    IndiaAntitrust/Competition Law
    AZB & Partners
    AZB & Partners
  • Article

    MCA Includes Zero Coupon Zero Principal Instruments On Social Stock Exchange As Eligible CSR Expenditure

    AZB & Partners provides important legal disclaimers regarding the nature of their website, clarifying that no attorney-client relationship is created through website usage and that all information is provided solely for informational purposes. The firm emphasizes compliance with Bar Council of India regulations prohibiting solicitation while outlining user responsibilities when accessing their digital content.
    IndiaCorporate/Commercial Law
    AZB & Partners
    AZB & Partners
  • Article

    NCLAT Holds That Resolution Plan Approved By Sole Member Of CoC Who Is An Operational Creditor Is Void

    National Company Law Appellate Tribunal (‘NCLAT’) in Pragiti Construction v. Committee of Creditors of Rancom Healthcare Pvt. Ltd. & Ors. held that permitting a resolution applicant...
    IndiaCorporate/Commercial Law
    AZB & Partners
    AZB & Partners
  • Article

    RBI Amends Regulatory Framework For Investments By FPIs In Government Securities

    The RBI, by way of a Circular dated June 5, 2026, has amended the regulatory framework governing investments by Foreign Portfolio Investors (‘FPIs’) in Government securities. With a view of providing greater ease of investment, the RBI has decided to withdraw the requirements for FPIs to comply with the short-term investment limit, security-wise limit, and concentration limit for their investments in Government securities under the General Route
    IndiaCorporate/Commercial Law
    AZB & Partners
    AZB & Partners
  • Article

    SC Issues Comprehensive Guidelines And Binding Directions Upon All HCs For Pronouncement Of Judgments

    The SC in Pila Pahan v. State of Jharkhand [1], inter alia, held that the judgments reserved before a High Court (‘HC’) must ordinarily be pronounced within three months from the date of the reserving such judgment.
    IndiaCorporate/Commercial Law
    AZB & Partners
    AZB & Partners
  • Article

    Transfer Of Portfolios Of Clients (PMS Business) By Portfolio Managers

    In continuation of its objective of simplification of regulations to ensure ease of doing business in India, SEBI issued a Circular on October 24, 2025...
    IndiaCorporate/Commercial Law
    AZB & Partners
    AZB & Partners
  • Article

    Delhi HC Upholds Validity Of Provident Law Provisions On International Workers

    The Delhi HC in its Judgement dated November 4, 2025, in writ petitions filed by Spice Jet Limited and LG Electronic India Private Limited challenging the 2008 and 2010 amendments to the Employees' Provident Fund Scheme...
    IndiaEmployment and HR
    AZB & Partners
    AZB & Partners
  • Article

    Enhancement Of PF Wage Ceiling To INR 25,000

    The Ministry of Labour & Employment has issued a notification dated September 17, 2026, notifying INR 25,000 per month as the new wage ceiling for the purposes of the provident fund provisions (“PF“) of the Code on Social Security, 2020 (“SS Code”). The notification is effective from September 17, 2026. The wage ceiling was last revised 12 years ago in September 2014, when it was increased from INR 6,500 per month to INR 15,000 per month.
    IndiaEmployment and HR
    AZB & Partners
    AZB & Partners
  • Article

    SEBI Amends Valuation Framework Under Takeover And Share-Based Employee Benefit Regulations

    SEBI has, pursuant to two Notifications dated December 3, 2025, effective from January 2, 2026, amended the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations...
    IndiaEmployment and HR
    AZB & Partners
    AZB & Partners
  • Article

    RBI Amends Reserve Bank Of India (Non-resident Investment In Debt Instruments) Directions, 2025

    The Reserve Bank of India has introduced significant amendments to the Voluntary Retention Route framework for foreign portfolio investors, fundamentally altering investment limits and retention period requirements. These changes, effective April 1, 2026, consolidate investment limits across routes and provide greater flexibility for portfolio liquidation after the minimum retention period.
    IndiaFinance and Banking
    AZB & Partners
    AZB & Partners
  • Article

    NCLT Does Not Have Power To Examine Correctness Of Attachment Or Adjudication Order Passed Under Benami Act, Under IBC

    The SC in the case of S. Rajendran v. CIT[1] held that an attachment Order passed under the Benami Properties Transactions Act, 1988 (‘Benami Act’) cannot be challenged under the IBC.
    IndiaInsolvency/Bankruptcy/Re-Structuring
    AZB & Partners
    AZB & Partners
  • Article

    Indian Trade Marks Registry Accepts First Olfactory Mark

    India's Trade Marks Registry (‘TMR') has accepted the country's first olfactory/smell trademark for a rose-like floral fragrance applied to vehicle tyres.
    IndiaIntellectual Property
    AZB & Partners
    AZB & Partners
  • Article

    Delhi High Court Holds That Damages Awarded By Foreign Courts Not Subject To FEMA / RBI Directions

    Delhi High Court (‘HC’) in Peter Beck und Partner Vermögensverwaltung GmbH v. Prakash Industries Limited[1] held that amounts awarded by a competent court, whether Indian or foreign, towards damages...
    IndiaInternational Law
    AZB & Partners
    AZB & Partners
  • Article

    Joint Application By Parties Seeking Extension Of Mandate Of An Arbitral Tribunal Amounts To Waiver From Challenging Order Of Appointment Of Arbitrator

    The SC, in Hindustan Construction Company Ltd. v. Bihar Rajya Pul Nirman Nigam Ltd., held that a joint application seeking extension of the mandate of an arbitral tribunal under Section 29A of the Arbitration...
    IndiaLitigation, Mediation & Arbitration
    AZB & Partners
    AZB & Partners
  • Article

    SC Clarifies Scope Of Issuance Of Summons To Advocates

    The Supreme Court (‘SC'), in In Re: Summoning Advocates who give legal opinion or represent parties during investigation of cases and related issues...
    IndiaLitigation, Mediation & Arbitration
    AZB & Partners
    AZB & Partners
  • Article

    SC Holds That Amounts Paid Towards Preference Shares Are Not Loans And Do Not Qualify As Debt Under IBC

    The SC, in EPC Constructions India Ltd. v. Matix Fertilizers & Chemicals Ltd., has, inter alia, held that preference shares are part of a company's share capital and therefore, the amounts paid towards preference...
    IndiaLitigation, Mediation & Arbitration
    AZB & Partners
    AZB & Partners
  • Article

    SC Holds That Contracts Terminated Prior To Insolvency Do Not Constitute 'Assets' Or 'Property' That Attract Protection Of Moratorium Under IBC

    The SC, in A A Estates Private Limited v. Kher Nagar Sukhsadan Co-Operative Housing Society Ltd., held that the protection of moratorium under Section 14 of the Insolvency and Bankruptcy Code...
    IndiaLitigation, Mediation & Arbitration
    AZB & Partners
    AZB & Partners
  • Article

    SC Recognises And Applies Principle Of Transnational Issue Estoppel In Foreign-Award Enforcement Proceedings

    The Supreme Court of India has applied the doctrine of 'transnational issue estoppel' in a landmark ruling, establishing that parties cannot re-litigate issues already decided by foreign courts when challenging foreign award enforcement in India. This decision addresses the critical intersection of international arbitration, foreign judgments, and domestic enforcement proceedings.
    IndiaLitigation, Mediation & Arbitration
    AZB & Partners
    AZB & Partners
  • Article

    Guidelines For Use, Retention, And Disposal Of Wireless Equipment Under WOL/ Experimental/Demo Licenses

    The Department of Telecommunications ('DoT'), by way of a Notification dated October 15, 2025, has issued guidelines to regulate the retention...
    IndiaMedia, Telecoms, IT, Entertainment
    AZB & Partners
    AZB & Partners
  • Article

    Notification Of Section 3(1) And Section 3(6) Of Telecommunications Act, 2023, And Operative Rule

    India's telecommunications sector undergoes a fundamental regulatory transformation as the Department of Telecommunications replaces the decades-old unified license framework with a streamlined authorisation-based system. The new regime introduces separate rule frameworks for principal, miscellaneous, and captive telecommunication services while establishing a digital single-window platform for regulatory interactions. Existing license holders now face critical decisions about migrating to the new authorisa
    IndiaMedia, Telecoms, IT, Entertainment
    AZB & Partners
    AZB & Partners

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