News
External Commercial Borrowing (ECB) Policy – RBI eases end-use restrictions
31 July 2019
31st July 2019 In order to further liberalize the External Commercial Borrowings (ECB) framework, the Reserve Bank of India has relaxed the end-use restrictions. Eligible borrowers would be able to raise ECBs with a minimum average maturity pe
IBC - Counterclaim against corporate debtor when need not be stayed
29 July 2019
29th July 2019 In a case involving a claim by plaintiff (corporate debtor) and counterclaim by the defendant for the same transaction, Delhi HC has held that both claims ought to be adjudicated comprehensively by the same forum. O
Trade remedies – Changes proposed in rules for safeguard, ADD and CVD measures
29 July 2019
26th July Directorate General of Trade Remedies in India has sought comments from all stakeholders regarding certain changes proposed in the Customs Tariff (Identification and Assessment of Safeguard Duty) Rules, 1997, Customs Tariff (Identi
Sale of a Direct Selling Entity’s products on e-commerce platforms violates entity’s trademark
26 July 2019
26th July The High Court of Delhi has answered in positive the question as to whether the sale of a Direct Selling Entity’s products on e-commerce platforms violates the entity’s trademark rights or constitutes misrepresentation, passing off and
Trademark - Adoption of prominent word of the label mark is infringement
24 July 2019
24th July The Delhi High Court has held that the adoption of prominent word of the label/device mark amounts to infringement. It observed that Section 17 of the Trademarks Act which confers exclusive right only to the use of the trademark as a whole is not a
Budget 2019 - Key changes for corporate sector in India
10 July 2019
10th July The Hon’ble Finance Minister of India, made the budget speech for the year 2019-2020 and presented the Finance (No. 2) Bill, 2019 on July 05, 2019. Amongst several measures that were announced as part of the Budget Speech and F
Union Budget proposes penalty for obtaining & utilizing FTP instruments by fraud
08 July 2019
8th July Finance (No.2) Bill, 2019, introduced in the Indian Parliament on 5th of July, has proposed to insert new Section 114AB in the Customs Act, 1962 to provide for penalty for obtaining instrument (scrip, authorization, licence, or certificat
Budget 2019 proposes Sabka Vishwas Legacy Dispute Resolution Scheme
08 July 2019
8th July India’s Finance Minister has, in her maiden Budget 2019, on 5th of July, proposed a dispute resolution cum amnesty scheme named the Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019. The scheme in being introduced for the r
Customs cannot sale goods in possession after moratorium under IBC
26 June 2019
26th June NCLAT has held that on passing of order of Moratorium by NCLT, it is not open to Customs authorities to issue an e-auction notice of assets belonging to corporate debtor since same cannot be sold during period of moratorium. Tribunal
Competition law - Restrictions on sub-dealers when not anti-competitive
24 June 2019
24th June CCI has held that no case u/s. 3(4)(c) of Competition Act was made out against a mobile phone company for putting restriction on sub-dealers regarding online sale and selling phones outside demarcated region. Commission in Karni