We are pleased to share with you recent judgments passed by Hon’ble Delhi High Court on the maintainability of application under Section 9 of Arbitration and Conciliation Act, 1996 for seeking interim reliefs from Courts. In the case of Ashwani Minda And M/S Jay Ushin Limited v. M/S U-Shin Limited And M/S Minebea Mitsumi Inc., […]
Central Board of Direct Taxes has notified that the conditions to avail the safe harbour under section 9A of the Income Tax Act, 1961 shall not be applicable in case of an investment fund set up by a Category-I foreign portfolio investor (FPI) registered under the Securities and Exchange Board of India (Foreign Portfolio Investors) […]
The Competition Commission of India (“Commission / CCI”) has invited public comments on the proposed amendment to the Competition Commission of India (Procedure in regard to the transaction of business relating to combinations) Amendment Regulations, 2020 (“Combination Regulations”). The proposed amendment omits Paragraph 5.7 from FORM I filings which seeks information regarding non-compete restrictions agreed […]
Vaish Associates Advocates had earlier issued Frequently Asked Questions on Force Majeure and Contractual Obligations due to the impact of Covid-19 on on-going contracts. In continuation of the same, along with a recent judgement clarifying the extent to which the parties can validly invoke the doctrine of frustration under the Indian Contract Act, 1872, we […]
Vaish Associates Advocates had earlier issued Frequently Asked Questions on Force Majeure and Contractual Obligations due to the impact of Covid-19 on on-going contracts. In continuation of the same, along with a recent judgement clarifying the extent to which the parties can validly invoke the doctrine of frustration under the Indian Contract Act, 1872, we […]
The Competition Commission of India (CCI) has issued official advisory to businesses in time of COVID 19 on 19th April 2020 . CCI has joined other competition authorities, including those in EU and USA abroad to remove Industry’s fears on consequences of any limited coordination between competitors to meet the shortage of supplies during the […]
