Corporate Law

In a recent judgment in the case titled Universal Petro Chemicals Ltd. Vs. BP PLC and Ors. , the Supreme Court, when considering an appeal relating to contractual disputes, refused to award Universal Petro Chemicals compensation in lieu of specific performance of a contract because the plaintiff did not claim for damages specifically in the plaint. ......

In an earlier article we wrote about how gambling in India faces a peculiar predicament. The blanket ban in India of any activity that constitutes ‘gambling’ has existed since the British-Era, and has not undergone significant modification since that century. ......

The Union Budget 2022-23 ("Budget") was presented by the Finance Minister Nirmala Sitharaman on February 1, 2022, and undoubtedly has the thread of a digital, and an increasingly more digitised, India running through several of its proposals, which have been created with an emphasis on inclusion and the building a robust economy by leveraging digitisation in several spheres. ... ...

On January 24th, the Delhi government published a draft Motor Vehicles Aggregator Scheme (Scheme). Cab aggregators, quick commerce, and other delivery and passenger transport services in New Delhi are required to incorporate Electric Vehicles (EV) into their fleets and to cap surge pricing at set tariffs, among other requirements. ......

Forerunning companies in the Indian edtech space have collectively formed a consortium named the India EdTech Consortium ("IEC") under the aegis of the Internet & Mobile Association of India ("IAMAI"). The members of the IEC have agreed to a self-regulatory mechanism that involves adherence to a common code of conduct ("Code"). ......

The growing use of social media applications and exchange of information through these forums has provided platforms to investors that may enable the coordination of their actions to manipulate the stock market in the short-term. In January 2021, the sudden rise in shares of an American company, GameStop Corp., made headlines. Several hedge funds were short selling the shares of this company. ......

In an important judgment by the Madras High Court delivered on December 15, 2021, the Court explained the circumstances under which an aggrieved party is entitled to compensatory damages and restitutionary damages, respectively. ......

Cairn Energy PLC (“Cairn Energy”), now renamed Capricorn Energy, is one of Europe’s leading independent oil and gas exploration and development companies. Over the last few years, the Government of India and Cairn Energy have been involved in a dispute related to a retrospective tax that was imposed on Cairn Energy by the Government of India. ......

The Joint Parliamentary Committee on the Personal Data Protection Bill, 2019 ("JPC") was constituted on December 11, 2019, for the study and consideration of the Personal Data Protection Bill, 2019 ("2019 Bill"). The JPC was initially expected to present its report to Parliament during the Budget Session of 2020, however, after being granted an extension of 2 years, the JPC tabled its report ("JPC Report") in both houses of Parliament on December 16, 2021. ......