Deal News
Interaction Of Fintech With Privacy And Security -A Tale Of Changing Priorities By Amicus Services
Fintech's industry's interaction with data has evolved over the past years from being business oriented to compliance oriented. India is at the threshold of creating an environment for data empowerment for consumers through technological innovation (such as account aggregator) and by providing legislative support for consumer data rights (the proposed data privacy law). This paper done by Amicus, in association with DLAI, emphasises that these create the imperatives and incentives for the...
The Law Office Of Karan S. Thukral Partners With A USA Based International Business Group Headed By Ms. Karla Bledsoe
One world International Partners is a business group dedicated towards building a community of globally networked persons, catering to high-end business solutions. With the recent developments in the US economy and considerably changing business forefronts, the organization has decided to step up and has already become a pioneer in the business world. Karla Bledsoe and her business partner Ricardo Leite are the ones behind the idea, who have opened up channels, regulatory and legal...
Siddharth Nagar-MHADA Layout No.5 Shortlists Five Developers For Redevelopment
In the heart of Goregaon opposite Prabodhan Complex, Siddharth Nagar- 5 Co-operative Housing Society Limited, being one of the largest chawl in western suburbs is comprising of 16 chawls and is spread across approx. 9103 Sq. Mtr. plot area and having over 137 tenements. The tendering process has commenced whereby 5 top developers have been shortlisted. The Society has appointed Mr Nikhil Dixit, M/s. Shilp Associates as Project Management Consultant (PMC) and Solicis Lex Advisory as Law...
Obhan And Associates Acts As Legal Counsel To C.K.R Resorts For Its Hotel Management Agreement With Hilton Hotels
Hilton Hotels, a leading global hotel operator, has entered into an agreement with C.K.R. Resorts for the operation of a hotel in Hyderabad under Hilton's flagship brand, the Hilton Hyderabad Resort & Spa. The hotel will spread across 15 acres in Shamirpet, Hyderabad, near Genome Valley, and will have 115 rooms and 13 villas.Obhan & Associates acted as the legal counsel to C.K.R. Resorts and were responsible for reviewing and negotiating the transaction documents, including the branding...
Delhi High Court Calls For Personal Appearance Of Contemnors For Failure To Make Deposits In Compliance Of Court's Directions
In a Petition filed under Section 2(b) and Section 12 of the Contempt of Courts Act, 1971 along with Article 215 of the Constitution of India, the Hon'ble Delhi High Court while issuing Notice in the matter has directed personal presence of the Contemnors i.e. Mr. Sushil Ansal- Chairman, Pranav Ansal-Vice-Chairman, Mr. Anoop Sethi- CEO and Mr. Prashant Kumar- CFO of Ansal Properties & Infrastructure Ltd (APIL) for non-compliance of an Order dated 05.01.2022 whereby directions were...
Obhan & Associates Act On Okinawa Autotech's Joint Venture With Tacita
Okinawa Autotech, a leading Indian electric two-wheeler manufacturer, has entered into a joint venture with Italian electric and performance motorcycle manufacturer, Tacita, for the manufacture of electric two-wheelers. The joint venture company will be incorporated in India and production of the new electric two-wheelers is set to begin in 2023. Both the parties will work together to develop new scooters and motorcycles and the joint venture company will target the domestic as well as the...
U.S.A Based Org. Headed By Ben Schumaker Retaines Karan S. Thukral As Legal Counsel To Represent Afghan Nationals
After a heart throbbing incursion of the Taliban in Afghanistan, Afghan nationals have been left at the mercy of god and are being subjected to innumerous wrongs. Those who were able to abscond the country, are now facing immense difficulties in terms of finding a place they can finally call a 'home'. Although various nations have come forth to help those who are severely affected and have lost their homes, it is mostly the civil society who is working on the front lines, helping the ones...
SL Partners Expands Its Office Space And Practice Areas
SL Partners announces its expansion by (i) moving into a bigger office at 1617-C Wing at One BKC and extending its infrastructure and (ii) also welcoming its new Equity Partner, Mr. Nand Kishore, who is an expert legal advisor in Tax (Advisory & Litigation), Labour and Employment (Advisory & Litigation) and Admiralty. Mr. Nand Kishore has 22+ years' experience in the legal field and specially in these sectors. Nand Kishore was earlier a Partner at HSA Advocates, DSK Legal and...
Zeus Law Associates Advised Rexxam Co. Ltd. On Their Joint Venture With Dixon Technologies (India) Limited
Rexxam Co. Ltd. entered into a joint venture with Dixon Technologies (India) Limited by acquiring 60% stake in Rexxam Dixon Electronics Private Limited, which has received approval under the PLI scheme for White Goods (AC and LED lights) of the Government of India. Pursuant to a joint venture agreement and investment from Rexxam Co. Ltd. and Dixon Technologies (India) Limited, Rexxam Co. Ltd owns 60% and Dixon Technologies (India) Limited owns 40% in the JVC. ZEUS Law Associates...
CESTAT Decision In Case Of Reliance Jio Infocomm Limited On Tower Credits
TLC Legal is pleased to share a recent judgement of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), holding that CENVAT credit is available on telecommunication (telecom) towers, as "inputs" and "capital goods", and that the telecom towers are not "immovable property". The matter was argued by Senior Advocate, Shri Rafique Dada, assisted by Shri Zuber Dada and the team at TLC Legal comprising of its Managing Partner, Shri Vipin Jain, assisted by Shri Vishal Agrawal, Senior...
East India's Largest Law Firm, Fox & Mandal Collaborates With Blackrobe Chambers; Expands To The National Capital Territory Of Delhi
Expansion to NCT of Delhi Fox & Mandal, India's iconic law firm with a legacy of 125 years, has announced the expansion of its footprint to the NCT of Delhi. The Firm has collaborated with BlackRobe Chambers in New Delhi, an existing full-service lawyers' chamber headed by Kunal Vajani, as a part of this expansion. BlackRobe Chambers will integrate with F&M to aid its smooth transition and expand its footprint across North India. The Delhi office is being set up in the Firm's...
Adjudicating Authority Is Not Bound By The Recommendation Of The Resolution Professional Under Section 99 Of The Insolvency And Bankruptcy Code, 2016 : Karnataka High Court
A division bench of the Karnataka High Court in its recent judgement/dated April 5, 2022, dismissed a writ petition challenging the constitutional validity of Sections 95, 99 and 100 of the Insolvency and Bankruptcy Code, 2016 ("the Code") as it found no merit to the challenge. Background: An application was filed before the Hon'ble National Company Law Tribunal, Bangalore ("NCLT") by the Financial Creditor (Piramal Capital and Housing Finance Limited)* through the Resolution...