Share Tweet Plus One Pin It Email Print By: P.V Dinesh December 19, 2018 3:24 pm Change Font Size Recently, on 26th November 2018, the Corporate Affairs Secretary Mr.Injeti Srinivas informed the country that out of the 9,000 cases filed before the National Company Law Tribunal (NCLT), 4,400 cases have been disposed of, leading to a recovery of approximately Rs.71,000 crores. The total bad debts assessed so far that is owed to the public sector banks in India amounts to Ten Lakh Crores of Rupees. As per the report published by the Insolvency and Bankruptcy Board of India(“IBBI”),in respect of the 32 companies which are stated to have been resolved in insolvency resolution process under the Insolvency and Bankruptcy Code, 2016 (“IBC”), there is a recovery of Rs.49,783 crores which amounts to 56 % recovery. The balance, i.e., Rs.39,619 crores is written off, which would otherwise have been payable by these 32 companies. In the case of the 136 … [Read more...] about Insolvency Proceedings – Safe Passage for Defaulters?
By: Sridhar Potaraju 24 March 2019 6:52 AM GMT A comic is the last thing that comes to one's mind while looking for a tool to help understand a new and complex tax law like Goods and Services Tax (GST). But the same has been made possible by the Author Mr. Srinivas Kotni in his book titled- "Adventures of the GST Man". The idea of presenting a bird's eye view of the Law through a superhero called GST is quite innovative and very interesting. The Author Mr. Srinivas Kotni is Managing Partner of law firm and also a Company Secretary with professional experience of about 24 years in Tax Laws. As an old friend I have witnessed the authors professional journey, which appears to coincide with the development of Indirect Tax laws in the Country. Starting from Customs & Central Excise Laws, he happened to witness the introduction of MODVAT and later, CENVAT and eventually VAT. The culmination of the tax reforms is the present GST, which has subsumed broadly the entire … [Read more...] about ‘Adventures Of The GST Man’ India’s First Comic Book On GST
IIPRD, along with Khurana & Khurana, Advocates and IP Attorneys (K&K) and its eminent foreign associates, is organizing its Third International Patent Drafting Competition (IPDC) as an earnest initiative with a sincere objective of spreading awareness of patent drafting as a skill across technology domains, and for helping practitioners, colleagues, and stakeholders understand various intricacies of patent drafting as a skill and learn from each other as to nitty-gritties involved therein. About IIPRD:IIPRD is a premier Intellectual Property Consulting and Commercialization/Licensing Firm with a diversified business practice providing services in the domain of Commercialization, Valuation, Licensing, Technology Transfer and Due-Diligence of Intellectual Property Assets along with providing complete IP and Patent Analytics and Litigation Support Services to International Corporates and Global IP Law Firms. About IPDC:This initiative of IPDC comes with an earnest effort by … [Read more...] about International Patent Drafting Competition (IPDC) – 2017
J. Sagar Associates (JSA) advised and assisted Mubble Networks Private Limited (Mubble) in relation to investments made by Accel Partners and Mr. Nandan Nilekani. The transaction involved a Series ‘A’ funding by the Investors towards a fresh issuance of shares in Mubble.Mubble is engaged in the business of developing mobile internet products and services.The JSA team comprised Partners – Sajai Singh & Tony Verghese; Senior Associate – Vishnu Nair; and Associates –Rakesh Warrier & Yajas Setlur.Accel Partners were advised by Indus law comprising Partner – Srinivas Katta; Senior Associate – Anindya Ghosh; and Associates – Ashwin Krishnan & Aakash Dasgupta.Mr. Nandan Nilekani was advised by Ms. Kshama Ravikumar, Partner at Avigna Law. … [Read more...] about JSA assists Mubble Networks Private Limited in investments by Accel Partners and Mr. Nandan Nilekani
The issue of US $ 200,000,000 notes by Rolta LLC to be listed on the Singapore Stock Exchange was guaranteed, amongst others, by Rolta India Limited. The Issue was jointly managed by Barclays, Citigroup, DBS Bank and Deutsche Bank (the ‘Joint Lead Managers’).Trilegal acted on behalf of the Joint Lead Managers and its role involved reviewing and commenting on Indian law implications on the New York law governed transaction documents. Trilegal also advised the Joint Lead Managers on the regulatory regime governing the provision of guarantee by an Indian company to its indirect wholly owned subsidiary. An interesting aspect of the Issue was a Rule 144A bond offering which was made to qualified institutional buyers in the USA.The Trielgal team comprised Srinivas Parthasarathy Partner, Priyanka Kumar Senior Associate, Gaurav Mukherjee Associate, and Anshul Gosavi Associate. The deal was worth USD 200 Million and closed on 16th May, 2013. … [Read more...] about Trilegal Leads in the Issue by Rolta LLC