4/cQDFin92ra-3C8zDMkaEfdIEcRMfsqgNO3Roxme3jHvVbFspxyjrGP4

Legal News

Kurkure & PepsiCo get 16,600 pieces of content removed from Facebook via a single Delhi High Court order

Between July and December 2018, Facebook expelled 16,600 pieces of content out of 17,713 in light of legal demand by India’s law authorization offices, courts, and the Ministry of Electronics and Information Technology (MeitY). According to Facebook’s latest transparency report, it was all related to Pepsico.  From 1500 pieces to 17,713 …

Read More »

Winding Up Order Will Not Bar RERA Proceedings; RERA prevails over Companies Act – Rajasthan Authority

The Rajasthan Real Estate Regulatory Authority has held that winding up order under Section 279 of the Companies Act 2013 won’t bar procedures under Real Estate (Regulation and Development) Act 2016. This was held by the Authority while rejecting an application by the builder seeking an injunction on the ground …

Read More »

Tata Sons to borrow $2 billion from overseas market to repay existing debt

After getting ridden with a debt of around Rs 10,650 crores ($1.5 billion), the principal investment holding company of Tata Group called Tata Sons is planning to take financial help worth $2 billion from overseas market. The Tata Sons currently owes a net debt of approximately $1.5 billion from Tata …

Read More »

UP RERA deregisters first ever real estate project – Project Aranya Phase 3,4 & 5

Unnati Fortune Holdings Ltd. Project Aranya Phase 3, 4 and 5 which is located in Noida has been deregistered by the authorities under Section 7 of the Real Estate Regulatory Authority (RERA) Act. This project was initiated n 2007 and the project values more than Rs 1,500 Crore.  The main reason behind …

Read More »

Samsung wins patent battle at Federal Circuit

On 23 May 2019, the US Court of Appeals for the Federal Circuit handed a victory to Samsung Electronics Company in a patent dispute and inferred through a precedential decision that the Patent Trial and Appeal Board had been right to locate that the greater part of the cases of …

Read More »

IL&FS initiates claims process for 70 group companies and may receive claims above Rs 50,000 cr

IL&FS has started an all-encompassing claims management process for 70 group  companies and is expecting claims worth over Rs 50,000 cr. to be filed by creditors. The new board of IL&FS Group which is indebted with more than Rs 90,000 cr. Are working alongside the government on ways to settle …

Read More »

Trade tensions between US-China not helping FDI in India

In the view of experts, India needs to go beyond its protectionist measures and boost FDI by eliminating red tapism. There has been a constant decline in FDI in India, in spite of India being a heavily populated nation. The recent US-China trade wars should have opened doors for investment …

Read More »

FTC Finds diminishing Number of Anticompetitive Reverse Payment Deals

The Federal Trade Commission (FTC) on 23.05.19 released a report on Hatch-Waxman patent settlements in FY 2016 highlighting a hike in the total settlements cases and yet a sizeable decrease in anticompetitive reverse payment settlements. Additionally, FTC discovered that merely 1 of the 232 agreements between generic and brand drug …

Read More »

Gammon India-Shrishti CBD project suspended by MP RERA

A decisive step has been taken by MP RERA to suspend Bhopal CBD Project Srishti CBD of Promoter Deepmala Infrastructure Private Limited Gammon House, Mumbai, with quick impact. Promoters are allowed to accept construction and development work. MP RERA’s decision to suspend this project came into being when after constant …

Read More »

Govt to invest Rs1000 Crore Startup Fund for Startups in Priority Area

Recommendations have been made to promote the culture of startups in India, an India Startup fund of Rs.1000 crore has been proposed to set up by (DPIIT) Department for Promotion of Industry and Internal Trade, which will be used in making investments in start-ups working in priority areas- rural health …

Read More »