Corporate Law

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. ......

The Delhi High Court (Court) recently ruled that all food business operators must make a complete disclosure of all components and measurements used in a food product. This should include information about whether the substances are derived from plants or animals. According to the Court, everyone should be entirely aware of what they consume. ......

Limited Liability Partnerships ("LLPs") are flexible legal entities that enable partners to benefit from a joint, collaborative initiative whilst reducing their liability for the actions or inactions of the other partners. This structure combines the benefits of a partnership firm and a company in that it limits the liability of partners to their contribution and constitutes a separate legal entity like a company; while also operating based on an agreement and leaving the partners to mutually decide the nuances of the business, like the internal managerial structure. ......

The Supreme Court of India ("SC") in the case Welspun Specialty Solutions Ltd. vs. ONGC , ("judgement") recently held that, merely having an explicit clause in a contract may not be sufficient to make time the essence of the contract. The SC determined whether the contract between Welspun Specialty Solutions Ltd. ("Welspun") and the Oil and Natural Gas Corporation ("ONGC") was one where time is of the essence. ......