ETLegalWorld

ETLegalWorld

2/25/2025, 9:09:36 AM

The NCLT has approved Shailendra Ajmera as the new resolution professional for Byju's, replacing Pankaj Shrivastava. This change comes amidst disciplinary actions against Shrivastava, who had excluded Glas Trust and Aditya Birla Finance from Byju's Committee of Creditors. The tribunal has restored the previous CoC, reinstating Aditya Birla Finance as a financial creditor. Read more at: https://legal.economictimes.indiatimes.com/news/litigation/nclt-approves-appointment-of-shailendra-ajmera-as-resolution-professional-of-byjus/118539146?ag=wappchnl&utm_source=wappchnl

ETLegalWorld

2/27/2025, 8:21:49 AM

2024 saw significant changes in India's merger control with new deal value thresholds, revised Green Channel rules, and increased scrutiny of conglomerate mergers. The Competition Commission of India (CCI) introduced stricter criteria for Green Channel filings and emphasized overlap mapping in fund structures. These developments signal heightened regulatory vigilance for mergers and acquisitions in India. Read more at: https://legal.economictimes.indiatimes.com/news/opinions/the-indian-merger-control-rollercoaster-2024s-wild-ride/118593343?ag=wappchnl&utm_source=wappchnl

ETLegalWorld

2/17/2025, 10:14:37 AM

The Delhi High Court has allowed Amandeep Singh Batra and Ankush Anand to present their arguments at the Trial Court regarding the shootout incident. Batra and Anand contest the validity of the FIR lodged by Prateek Chaudhary, alleging it was fabricated to pressurize Batra during his divorce proceedings. Read more at: https://legal.economictimes.indiatimes.com/news/litigation/delhi-high-court-dismisses-amandeep-singh-batras-plea-allows-to-raise-plea-before-trial-court/118326521?ag=wappchnl&utm_source=wappchnl

ETLegalWorld

2/5/2025, 9:55:41 AM

The Union Budget 2025-26 introduces key exemptions under Basic Customs Duty to support domestic manufacturing and exports. Proposals include simplifying the tariff structure, creating an Interim Board for settlement, and revising MSME classification criteria to promote ease of doing business and reduce litigation. Read more at: https://legal.economictimes.indiatimes.com/news/law-policy/union-budget-2025-26-major-customs-duty-exemptions-to-boost-domestic-manufacturing-and-exports/117882606?ag=wappchnl&utm_source=wappchnl

ETLegalWorld

1/28/2025, 8:19:31 AM

Lemon Tree Hotels Limited has preponed Jyoti Verma's last working day as Group Company Secretary & Compliance Officer to January 27, 2025, upon her request. Jyoti Verma resigned to pursue other professional opportunities after serving in the role since November 2023 and possessing 21 years of experience in Corporate Compliance Management. Read more at: https://legal.economictimes.indiatimes.com/news/corporate-business/lemon-tree-hotels-jyoti-verma-resigns-as-compliance-officer-prepones-last-working-day/117618620?ag=wappchnl&utm_source=wappchnl

ETLegalWorld

1/27/2025, 8:23:39 AM

The National Company Appellate Tribunal partly allowed Meta's appeal against the Competition Commission of India's penalty for abusing its dominant position. The NCLAT stayed the cease-and-desist directions but upheld the need for behavioral remedies. The NCLAT's ruling sets a precedent for balancing personal data-sharing arrangements with maintaining fair competition, requiring transparency and fairness from dominant tech platforms. Read more at: https://legal.economictimes.indiatimes.com/news/corporate-business/nclat-grants-partial-relief-to-meta-experts-discuss-implications-on-competition-and-data-privacy/117593469?ag=wappchnl&utm_source=wappchnl

ETLegalWorld

1/24/2025, 11:38:34 AM

President Trump is set to sign the Laken Riley Act, requiring the detention of unauthorized immigrants accused of certain crimes. Named after a slain nursing student, the bill has bipartisan support but faces criticism for potentially stripping migrants of due process rights. Read more at: https://legal.economictimes.indiatimes.com/news/international/what-is-the-laken-riley-act-a-look-at-the-first-bill-trump-will-sign/117515810?ag=wappchnl&utm_source=wappchnl