Litigation

Background and Order: The Registrar of Companies, Coimbatore (“RoC”), by way of its order dated November 5, 2024, in the matter of XIE Futec Automation Private Limited (“Company”), has held that the non-filing of annual returns and annual financial statements by the Company with the RoC is an offence of serious nature since the ramifications […]

Zee Entertainment Enterprises Limited (“Company”) a prominent business conglomerate in the Indian media and entertainment industry has recently moved a settlement application with the Securities and Exchange Board of India (“SEBI”) under Regulation 3 of the SEBI (Settlement Proceedings) Regulations, 2018 (“Settlement Regulation”), amidst ongoing investigations into alleged corporate governance lapses and financial irregularities by the Company.

By way of its order dated July 9, 2024, the Registrar of Companies (“RoC”) has imposed a penalty on HeroX Pvt. Ltd. (“Company”) and its directors Mr. Suman Kant Munjal and Mr. Akshay Munjal for a total amount of approximately INR 9,00,000 on account of non-filing of Form BEN-2 with the RoC under Section 90 of the

The Supreme Court of India has recently issued an order in the case of Indian Medical Association (IMA) vs. Union of India dated May 7, 2024 (“Order”), which takes note of the issue of misleading advertisement and inefficient mechanisms to address the liability of the advertisers/advertising agencies. The Order has triggered a requirement for all