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  • 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
  • Article

    Company Law Update: Additional Compliance Requirement For Share Transer In Private Limited Companies

    The National Securities Depository Limited (NSDL), vide Circular No. NSDL/POLICY/2025/0071 dated 3 June 2025, has brought about a significant procedural shift in the transfer of shares of private limited companies through the depository mode.
    IndiaCorporate/Commercial Law
    Mansukhlal Hiralal & Company
    Mansukhlal Hiralal & Company
  • Article

    Company Law Update: Additional Compliance Requirement For Share Transfer In Private Limited Companies

    The National Securities Depository Limited (NSDL), vide Circular No. NSDL/POLICY/2025/0071 dated 3 June 2025 , has brought about a significant procedural shift...
    IndiaCorporate/Commercial Law
    Mansukhlal Hiralal & Company
    Mansukhlal Hiralal & Company
  • Article

    Company Law Update: Fast Track Merger Amendments

    The Ministry of Corporate Affairs (MCA), by notification G.S.R. 603(E) dated 4th September 2025, has introduced the Companies (Compromises, Arrangements and Amalgamations)...
    IndiaCorporate/Commercial Law
    Mansukhlal Hiralal & Company
    Mansukhlal Hiralal & Company
  • Article

    SEBI Update: Sat Delivers Split Verdict In Bombay Dyeing Case – Majority Allows The Appeals

    The Securities Appellate Tribunal (SAT) in four appeals in the Bombay Dyeing and Manufacturing Company Limited vs SEBI matter has set aside SEBI's Orders dated 21 October 2022 passed by the Ld Whole Time Member and 31 October 2022 passed by the Ld Adjudicating Order.
    IndiaCorporate/Commercial Law
    Mansukhlal Hiralal & Company
    Mansukhlal Hiralal & Company
  • Article

    Regulatory Update: Foreign Exchange Management (Guarantees) Regulations, 2025

    The Reserve Bank of India ("RBI") has issued the draft Foreign Exchange Management (Guarantees) Regulations, 2025 ("Draft Regulations") on 14 August 2025 for public feedback.
    IndiaFinance and Banking
    Mansukhlal Hiralal & Company
    Mansukhlal Hiralal & Company
  • Article

    IBC Update | Supreme Court Allows Settlement Post Initiating Resolution Process

    Lokhandwala Case as decided by the Apex Court will set a new precedent for all the financial debtors who wish to settle disputes post admission of Application.
    IndiaInsolvency/Bankruptcy/Re-Structuring
    Mansukhlal Hiralal & Company
    Mansukhlal Hiralal & Company
  • Article

    Section 138 Cases For Dishonour Of Cheques - Supreme Court Clarifies On The Jurisdiction

    The Hon`ble Supreme Court of India has now held that all the criminal matters relating to dishonour of cheques would only be entertained by the court where the cheque was dishonoured.
    IndiaLitigation, Mediation & Arbitration
    Mansukhlal Hiralal & Company
    Mansukhlal Hiralal & Company
  • Article

    Real Estate Update | Issuance Of Deemed Conveyance

    The Hon'ble Supreme Court of India vide order dated 1 April 2025 in the recent case of M/S Faime Makers Pvt. Ltd. Vs District Deputy Registrar, Co - Operative Societies (3), Mumbai & Ors.
    IndiaReal Estate and Construction
    Mansukhlal Hiralal & Company
    Mansukhlal Hiralal & Company
  • Article

    RERA Update- Clarification On Rights Of Flat Purchasers And The Duties Of Developers

    The case of Linker Shelter Private Limited v. Charmaine Chougule, the Bombay High Court provided important insights into the rights of allottees to withdraw from a real estate project, the obligations of developers regarding possession and documentation...
    IndiaReal Estate and Construction
    Mansukhlal Hiralal & Company
    Mansukhlal Hiralal & Company
  • Article

    Legal Update: Dpiit Notification On Deep Tech Startups, 2026

    The Department for Promotion of Industry and Internal Trade ("DPIIT") has issued a Gazette Notification dated 4 February 2026 ("2026 Notification"), replacing the startup recognition framework notified in 2019.
    IndiaTechnology
    Mansukhlal Hiralal & Company
    Mansukhlal Hiralal & Company
  • Article

    RBI Update | Draft Master Directions For Payment System Operators

    On 2 June 2023, the Reserve Bank of India issued the draft Master Directions on Cyber Resilience and Digital Security Control for Payment System Operators (Draft Directions)...
    IndiaTechnology
    Mansukhlal Hiralal & Company
    Mansukhlal Hiralal & Company
  • Article

    Legal Update | Victims Of Cyber Fraud Entitled To Receive Full Refund

    The Bombay High Court in a recent case of Jaiprakash Kulkarni & Anr v the Banking Ombudsman & Ors has directed the Bank of Baroda to refund an amount of Rs 76.9 Lakh, which was fraudulently debited from the customer's account with an interest of 6% per annum.
    IndiaFinance and Banking
    Mansukhlal Hiralal & Company
    Mansukhlal Hiralal & Company
  • Article

    Stamp Duty Update | Proposed Amendment To Maharashtra Stamp Act

    On 18 March 2025, the Maharashtra Stamp (Amendment) Bill, 2025 (Bill) was introduced in the Maharashtra Legislative Assembly (MLA) aiming to revise several provisions of the Maharashtra Stamp Act, 1958 (Act).
    IndiaGovernment, Public Sector
    Mansukhlal Hiralal & Company
    Mansukhlal Hiralal & Company
  • Article

    Arbitration Law Update: Gag Order Under Section 9 Of The Arbitration Act Can Be Granted For Protecting Reputation

    The Hon'ble High Court of Bombay in the matter Wonderchef Home Appliances Pvt. Ltd. v. Shree Swaminarayan Pty Ltd. held that a gag order under Section 9 of the Arbitration and Conciliation Act, 1996 ("the Act") can be granted, pending resolution of disputes between the parties.
    IndiaLitigation, Mediation & Arbitration
    Mansukhlal Hiralal & Company
    Mansukhlal Hiralal & Company
  • Article

    Regulatory Update: The National Artificial Intelligence Technology Regulatory Authority Bill 2024

    The National Artificial Intelligence Technology Regulatory Authority Bill, 2024, proposes the establishment of the National Artificial Intelligence Technology Regulatory Authority as India's central AI regulator to oversee ethical AI deployment, address risks like deepfakes and algorithmic bias, and ensure compliance.
    IndiaTechnology
    Mansukhlal Hiralal & Company
    Mansukhlal Hiralal & Company
  • Article

    138 Negotiable Instrument Act Update | Presence Of Accused Not To Be Mandatory In Cheque Bounce Cases

    The Rajasthan High Court, in a recent case of Amit Kumar Dave v. State of Rajasthan & Anr, has held that since cheque bounce proceedings initiated under the Negotiable Instruments Act, 1881 ("NI Act") are civil or semi-criminal in nature.
    IndiaCriminal Law
    Mansukhlal Hiralal & Company
    Mansukhlal Hiralal & Company
  • Article

    Maharashtra Stamp Duty Amnesty Scheme 2023

    The Maharashtra Government vide an Order dated 7 December 2023 introduced ‘ Maharashtra Mudrank Shulk Abhay Yojana 2023' i.e., Maharashtra Stamp Duty Amnesty Scheme – 2023...
    IndiaGovernment, Public Sector
    Mansukhlal Hiralal & Company
    Mansukhlal Hiralal & Company
  • Article

    Insufficiency Of Stamp Duty - Treated As Rectifiable

    The High Court of Madhya Pradesh, Indore Bench in a recent Order dated 12 June 2023 once again reconfirmed the position in law that RERA...
    IndiaReal Estate and Construction
    Mansukhlal Hiralal & Company
    Mansukhlal Hiralal & Company
  • Article

    RERA Update| Builders Now Requires To Declare All The Amenities Alongwith The Timeline

    In a notable effort to safeguard homebuyers and enhance transparency within the real estate industry, the Maharashtra Real Estate Regulatory Authority ("Maha RERA")...
    IndiaReal Estate and Construction
    Mansukhlal Hiralal & Company
    Mansukhlal Hiralal & Company

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