In a recent ruling, the Kerala High Court declared that the possession of a live cartridge without the accompanying firearm does not constitute an offense under the Arms Act. The court’s decision stemmed from a case where a businessman from Maharashtra, holding a valid arms license within his state, was found with a single live …
In a significant ruling, a Mumbai Sessions Court has emphasized that engaging in sex work itself is not a criminal offense. The court ordered the release of a 34-year-old alleged sex worker from a shelter home, setting aside a magistrate’s decision to detain her for a year under the Immoral Traffic (Prevention) Act. Additional Sessions …
In a recent ruling, the Kerala High Court emphasized that bail bonds cannot be cancelled after the transfer of a case without providing notice to the accused and their sureties. The court held that when a case is transferred to another court, the transferor court must issue a notice to the concerned parties, failing which …
The Delhi High Court, in a recent ruling on a Public Interest Litigation concerning the delisting of securities without adequate safeguards for investors, declared that existing statutory provisions sufficiently protect the interests of investors. The court emphasized that the legal framework provides a transparent and comprehensive mechanism to address delisting procedures and offers remedies to …
Robust Mechanism for Investor Protection Unnecessary, Affirms Delhi High Court Read More »
In a recent landmark decision, the Supreme Court has determined that credit notes issued by manufacturers to dealers constitute valuable consideration within the definition of a sale. Consequently, such transactions are now subject to sales tax under the respective State enactments. A three-judge bench, comprising Justice K. M. Joseph, Justice B. V. Nagarathna, and Justice …
The Calcutta High Court, in a recent ruling, emphasized that Section 9 of the Arbitration and Conciliation Act should not be narrowly interpreted to apply solely to foreign arbitration proceedings before or during arbitration. The Division Bench, consisting of Justices Harish Tandon and Prasenjit Biswas, held that Section 9 remains applicable even after the issuance …
In a recent development, the Bar Council of India (BCI) has informed the Delhi High Court that, according to the information available to them, only the Bar Council of Delhi (BCD) has made domicile in the State mandatory for the enrolment of law graduates as advocates. This revelation came as part of an affidavit filed …
Amidst a complex macro-economic landscape marked by the threat of recession, rising interest rates, and disrupted supply chains, the private equity (PE) industry faces both challenges and opportunities reminiscent of the dystopian world envisioned by renowned author Aldous Huxley. As M&A activity experienced a notable downturn, PE firms, armed with unprecedented levels of dry powder, …
In the wake of the recent LDI liquidity crisis, the Pensions Regulator (TPR) has released new guidance for trustees, outlining practical steps to mitigate risk when using leveraged liability-driven investments (LDI). The guidance, published on April 24, replaces previous advice issued by TPR in October and November 2022. The crisis, triggered by the government’s “Growth …
WASHINGTON — With the deadline to raise the government’s $31.4 trillion borrowing limit looming, representatives of President Joe Biden and congressional Republicans concluded another round of debt ceiling talks on Tuesday with no signs of progress. The deep divisions between the two parties on how to rein in the federal deficit continue to hinder negotiations, …
Debt Ceiling Talks Stagnate as White House and Republicans Remain at Impasse Read More »
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