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2023 was a year of unexpected headwinds, such as the hiking of interest rates by governments across the world, the banking sector instability in the US and Europe, the Russia-Ukraine and Israel-Hamas conflict, to name a few.
The Ministry of Corporate Affairs ("MCA") vide its circular dated October 27, 2023 (available, here), has notified the Companies (Prospectus and Allotment of Securities) Second Amendment Rules, 2023.
The Supreme Court recently in Shakti Yezdani v. Jayanand Jayant Salgaonkar, (Judgment dated December 14, 2023 in Civil Appeal No. 7107 of 2017) held that the Bombay High Court took the correct view in Shakti Yezdani v. Jayanand Jayant Salgaonkar.
Share Purchase Agreement is an agreement entered into between the buyer and seller(s) of shares of a target company. Usually Share Purchase Agreements entail that the buyer would be taking over...
Clauses related to representations, warranties and indemnifications are widely negotiated clauses of commercial contracts especially in M&A transactions. The interests of the parties to a contract typically do not align with respect ...
The National Company Law Appellate Tribunal,PrincipalBench ("NCLAT") on December 21, 2023, in the case ofJaipur Trade Expocentre Private Limited("Appellant") v.Metro Jet Airways Training Private Limited...
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