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  • Article

    Abolition Of Foreign Investment Promotion Board

    The Foreign Investment Promotion Board (FIPB), a 25 year old institution that offered a single window clearance for all foreign direct investment (FDI) in India, under the approval route, has now been abolished.
    IndiaGovernment, Public Sector
    Mansukhlal Hiralal & Company
    Mansukhlal Hiralal & Company
  • Article

    MHCO Update: Supreme Court Judgment On MSME Dispute Resolution

    The Supreme Court of India ("Court") has recently underscored the importance of clearly stating the intent behind its judgments in a significant ruling involving Micro, Small, and Medium Enterprises ("MSMEs").
    IndiaLitigation, Mediation & Arbitration
    Mansukhlal Hiralal & Company
    Mansukhlal Hiralal & Company
  • Article

    Guarantor Can Recover Dues Under IBC

    The Guarantor furthermore relied on the cheque issued by the Corporate Debtor to Guarantor for the aforesaid amount, which was returned dishonoured.
    IndiaInsolvency/Bankruptcy/Re-Structuring
    Mansukhlal Hiralal & Company
    Mansukhlal Hiralal & Company
  • Article

    Consumer Protection Update: Accountability For Lost Documents

    In a significant development in the realm of consumer protection, the Hon'ble National Consumer Disputes Redressal Commission (NCDRC) in the matter of Manoj Madhusudhanan v. ICICI Bank Ltd...
    IndiaConsumer Protection
    Mansukhlal Hiralal & Company
    Mansukhlal Hiralal & Company
  • Article

    MHCO Update: Greenwashing Guidelines

    The Guidelines for Prevention and Regulation of Greenwashing or Misleading Environmental Claims, 2024 issued by the Central Consumer Protection Authority, an authority established under the Consumer Protection Act, 2019 represents a significant legal framework aimed at curbing deceptive environmental marketing practices.
    IndiaEnvironment
    Mansukhlal Hiralal & Company
    Mansukhlal Hiralal & Company
  • Article

    RBI Approval Over M&A For NBFC

    Reserve Bank of India (RBI) recently came out with a notification (New Notification) that will increase its regulatory oversight on the non-banking financial company (NBFC) sector.
    IndiaFinance and Banking
    Mansukhlal Hiralal & Company
    Mansukhlal Hiralal & Company
  • Article

    SEBI Update| Amendment To SEBI (Issue And Listing Of Non-Convertible Securities) Regulations

    The Securities and Exchange Board of India introduced significant amendments to the SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021 (Regulation).
    IndiaFinance and Banking
    Mansukhlal Hiralal & Company
    Mansukhlal Hiralal & Company
  • Article

    FDI Update - Press Note 3 Amended | Government Relaxes FDI Investments From China

    The Union Cabinet has approved a significant relaxation of Foreign Direct Investment (FDI) norms for investments from countries sharing land borders with India, marking a potential shift from the stringent framework introduced under Press Note 3 (2020 Series). This policy change aims to balance national security considerations with investment facilitation and economic engagement, potentially improving investor sentiment while maintaining regulatory oversight for strategic interests.
    IndiaGovernment, Public Sector
    Mansukhlal Hiralal & Company
    Mansukhlal Hiralal & Company
  • Article

    RBI Simplifies The Procedure For ECB From Foreign Equity Holders

    ECBs from direct foreign equity holders under the existing ECB guidelines may be acquired under either the automatic or the approval routes, as the circumstances may warrant.
    IndiaGovernment, Public Sector
    Mansukhlal Hiralal & Company
    Mansukhlal Hiralal & Company
  • Article

    IBC Update | Liability Of Corporate Guarantors

    The Bank initiated proceedings against the Corporate Guarantor for a default of a sole proprietorship firm, in its capacity as the corporate guarantor of the loan.
    IndiaInsolvency/Bankruptcy/Re-Structuring
    Mansukhlal Hiralal & Company
    Mansukhlal Hiralal & Company
  • Article

    Legal Update | Increase In Pecuniary Jurisdiction Of City Civil Courts In Bombay

    The Government of Maharashtra acting through Law and Judiciary Department on 16 January 2024 notified an amendment to Section 1(2) of the Bombay City Civil Court Act...
    IndiaLitigation, Mediation & Arbitration
    Mansukhlal Hiralal & Company
    Mansukhlal Hiralal & Company
  • Article

    Litigation Update I Supreme Court Clarifies Limitation Law For Possession Suits Based On Void Sale Deeds

    The Supreme Court of India in Shanti Devi v. Jagan Devi & Ors. (2025 SCC OnLine SC 1961) has clarified that when a property ownership dispute...
    IndiaLitigation, Mediation & Arbitration
    Mansukhlal Hiralal & Company
    Mansukhlal Hiralal & Company
  • Article

    SEBI Update | SEBI Bans Famous Finfluencer For Being Unregistered Investment Advisor

    The Securities and Exchange Board of India, vide an ex-parte interim order dated 6 February 2025, has barred Ms Asmita Patel, a prominent financial influencers on Instagram and YouTube, along with her company, Asmita Patel Global School of Trading Private Limited, and four other entities.
    IndiaMedia, Telecoms, IT, Entertainment
    Mansukhlal Hiralal & Company
    Mansukhlal Hiralal & Company
  • Article

    Legal Update: Supreme Court Dismisses Developers' Appeals, Upholds NCDRC Orders On Delayed Possession And Compensation For Homebuyers

    The Supreme Court, vide its judgment dated February 20, 2026 in Parsvnath Developers Ltd. v. Mohit Khirbat (Civil Appeal No. 5289 of 2022 and connected matters)...
    IndiaReal Estate and Construction
    Mansukhlal Hiralal & Company
    Mansukhlal Hiralal & Company
  • Article

    Promoter Liability For Housing Societies In Redevelopment

    The Hon'ble Maharashtra Real Estate Appellate Tribunal (MREAT) vide order dated 2 June 2025 in the case of D. N. Nagar Shivneri CHS Ltd. v. Various Allottees held that a cooperative housing...
    IndiaReal Estate and Construction
    Mansukhlal Hiralal & Company
    Mansukhlal Hiralal & Company
  • Article

    Real Estate Update: When Can The Borrower's Right Of Redemption Be Exercised

    This judgment reinforces the importance of registering sale deeds to secure legal ownership of immovable property
    IndiaReal Estate and Construction
    Mansukhlal Hiralal & Company
    Mansukhlal Hiralal & Company
  • Article

    SEBI Decision On Liability Of Independent Directors

    The Company had declared a dividend, that was approved at its Annual General Meeting held on 25 August, 2012.
    IndiaCorporate/Commercial Law
    Mansukhlal Hiralal & Company
    Mansukhlal Hiralal & Company
  • Article

    Limitation Period Not Applicable For Recovery Of Dues Under IBC

    The Supreme Court passed an order dismissing the appeal on the ground of having no merit and keeping the question of law open as to whether Limitation Act applied to the present case.
    IndiaInsolvency/Bankruptcy/Re-Structuring
    Mansukhlal Hiralal & Company
    Mansukhlal Hiralal & Company
  • Article

    Arbitration Update | Deposit 100% Of The Awarded Amount For Stay On Arbitral Award

    The Bombay High Court in a recent case of Balmer Lawrie & Co Ltd v Shipli Engineering Pvt Ltd has held that when an arbitral award is in the nature of a money decree and it is challenged under Section 34 of the Arbitration & Conciliation Act, 1996...
    IndiaLitigation, Mediation & Arbitration
    Mansukhlal Hiralal & Company
    Mansukhlal Hiralal & Company
  • Article

    Delhi High Court Upholds Voluntary Nature Of Restaurant Service Charges

    On 28 March 2025, the Delhi High Court delivered a significant judgment in the matter of National Restaurant Association of India & Ors. v. Union of India & Anr addressing the legality of mandatory service charges levied by restaurants and hotels.
    IndiaMedia, Telecoms, IT, Entertainment
    Mansukhlal Hiralal & Company
    Mansukhlal Hiralal & Company

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