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Exceptions for Power of Attorney (GPA) in India and Penalty Associated Thereof
Exceptions for Power of Attorney (GPA) in India and Penalty Associated Thereof: The Indian Stamp Act of 1899 (2 of 1899) acts as fiscal legislation. It is an in-force Act of the Government of India for the charging of stamp duty on instruments recording transactions. The sole purpose of this Act is to generate revenues … Continue reading Exceptions for Power of Attorney (GPA) in India and Penalty Associated Thereof
Read more »Good-Faith (Mis) Understanding: Unicolor v. H&M Hennes & Mauritz Case For Copyright Infringement,
Unicolors sued H&M Hennes & Mauritz for copyright infringement, asserting fabric design copyrights from among 31 of such designs that were filed as part of a single application on January 15, 2011. Unicolors prevailed in proving infringement after a jury trial, but the Ninth Circuit remanded the case, instructing the district court to refer the … Continue reading Good-Faith (Mis) Understanding: Unicolor v. H&M Hennes & Mauritz Case For Copyright Infringement,
Read more »Plaintiff and Defendant Case : Bengaluru Court Passes Interim Order Restraining The Access Of The Software “PKMP” And The Use Of The Trade Name “APL”
Plaintiff and Defendant Case: The Commercial Court of Bangalore in an original suit granted ex parte interim injunction against a party for breach of non-disclosure agreement, misappropriation of intellectual property, and passing off. The Plaintiff, a pharma software solution company, hired Defendant to develop a software, “Pharmacokinetic Modeling Program” (PKMP), which is used for supporting … Continue reading Plaintiff and Defendant Case : Bengaluru Court Passes Interim Order Restraining The Access Of The Software “PKMP” And The Use Of The Trade Name “APL”
Read more »Insolvency and Bankruptcy Code 2016 | Arbitral Proceedings- The Contrast
In the year 2016, Insolvency and Bankruptcy Code was introduced to consolidate all the laws associated with the Insolvency resolution of the corporate personalities with aim to realise the maximum value of assets for such corporate persons in a time-bound manner and to promote entrepreneurship, available of credit and to protect the interest of the … Continue reading Insolvency and Bankruptcy Code 2016 | Arbitral Proceedings- The Contrast
Read more »Medical Equipment And Device Manufacturers Company Hollister Won A $9 Million Patent Fraud Suit Against Zassi Holdings Inc.
Medical Equipment And Device Manufacturers Company Hollister Inc. won a fraud suit against Zassi Holding Inc. which was for $9.2 million. The dispute was over a bowel management system patent deal where the Eleventh Circuit found that the Zassi’s proposed issues regarding liability were already resolved in an earlier appeal or forfeited. Facts of the case … Continue reading Medical Equipment And Device Manufacturers Company Hollister Won A $9 Million Patent Fraud Suit Against Zassi Holdings Inc.
Read more »Bruises in the Rink – The Backstage Horrors of Figure Skating
Figure Skating can be best described as a sport in which athletes engage in artistic performances while skating on ice, which include jumps, spins, lifts, intricate footwork, and other freestyle movements. Although popular in the developed world, the sport enjoys unusual limelight, to say the least. It gains traction every four years, during the Winter … Continue reading Bruises in the Rink – The Backstage Horrors of Figure Skating
Read more »PNB Housing Finance Case: Justification of Articles of Associations (AoA) violation by Statutory Compliance
Introduction The Securities and Exchange Board of India (SEBI) is investigating Punjab National Bank Housing Finance (PNB Housing Finance), a business founded in 1988 and registered under the National Housing Bank, for its recent preferential issue of shares. PNB Housing Finance’s board of directors authorized the preferential allocation of equity shares and warrants to four … Continue reading PNB Housing Finance Case: Justification of Articles of Associations (AoA) violation by Statutory Compliance
Read more »Precautions To Be Taken While Canceling Power of Attorney (POA) : A Supreme Court Judgment Of 2022
In the Supreme Court of India a recent judgment Power of Attorney for a property on Amar Nath v. Gian Chand and Anr., dated 28-01-2022, of Civil Appeal No. 5797 of 2009, the Division Bench of K.M. Joseph and Pamidighantam Sri Narasimha, JJ., held that mere writing the word “canceled” or “drawing a line” would … Continue reading Precautions To Be Taken While Canceling Power of Attorney (POA) : A Supreme Court Judgment Of 2022
Read more »Jet Airways: An Insolvency Resolution Journey
Jet Airways, which started off as an air taxi operator in 1993 and became a scheduled carrier in 1995, has been under insolvency for two years after it shut operations in April 2019 under a heavy debt. Jet Airways is the first Indian carrier/airline to undergo insolvency proceedings under the Cross Border Insolvency Protocol along with … Continue reading Jet Airways: An Insolvency Resolution Journey
Read more »TATA Consultancy Services Limitedv.Vishal Ghisulal Jain, Resolution Professional, SkWheels Private Limited
(Supreme Court of India) Civil Appeal No 3045 of 2020 The appeal stemmed from a ruling given on June 24, 2020 by the National Company Law Appellate Tribunal (“NCLAT”). The NCLAT affirmed an interim order issued by the National Company Law Tribunal (“NCLT” or “Adjudicating Authority”) on December 18, 2019, preventing the appellant from terminating … Continue reading TATA Consultancy Services Limitedv.Vishal Ghisulal Jain, Resolution Professional, SkWheels Private Limited
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