Solomon & Co

Mr Jonathan Solomon Solomon & Co., Advocates & Solicitors brilliantly explains the role of a solicitor. This clip is from the podcast episode of The Daily Lawyer with Mr Jonathan Solomon. Whether you’re considering a career in law, work alongside legal professionals, or simply curious about the inner workings of the legal system, this episode […]

Written by Nikhilesh Koundinya, Associate, Solomon & Co.   INTRODUCTION  The Supreme Court on 12th July 2022, in Vidarbha Industries Power Ltd. v Axis Bank Ltd. [1] held that Section 7(5)(a) of the Insolvency & Bankruptcy Code (“IBC”) is directory. Enunciating on the same, the Supreme Court held that National Company Law Tribunal (“NCLT”) can reject an application even if […]

Key Changes to the FDI Policy on the Space Sector in India.  India accounts for only 2 percent of the currently valued global space economy which is about USD 360 billion despite being among the few spacefaring nations in the world. The Union minister of the State (Independent Charge) for Science and Technology, Dr. Jitendra […]

Senior Associate Mustafa Bohra and Associate Nikhilesh Koundinya, have authored a research paper on unlocking the Potential of Early Neutral Evaluation (ENE) in India’s Dispute Resolution landscape. With over 4.47 crore cases pending in the Indian judicial system as of April 27, 2024, the need for efficient dispute resolution mechanisms is critical. Traditional litigation is […]

Insights and Challenges One of the most significant business transactions to ever occur in the Indian entertainment industry is the Zee-Sony merger. One of the India-based subsidiaries of the Japanese company Sony Pictures Networks, Sony Pictures Networks India Private Limited (“Sony“) (now known as “Culver Max Entertainment Private Limited”), and Zee Entertainment Enterprises Limited (“Zee“), […]

In the past decade demand for fashion jewellery has boomed in India. The jewellery sector is influenced by seasonal fashion, consumer trends and e-commerce platforms. Thus, there is an augmented demand to showcase fashion jewellery on various platforms and several jewellery artists are gaining tremendous visibility and popularity. This growing demand of fashion jewellery has […]

Introduction The shareholders being the owners of a company, appoint directors in a company and directors acting as agents of a company play a significant role in effectuating the business operation of a company and taking key managerial decisions in accordance with the Memorandum of Association (“MOA”) and Articles of Association (“AOA”) of the company. […]

Evaluating SEBI’s BRSR Core Framework and Value Chain Disclosures BACKGROUND ESG investments have been increasingly popular in recent years, with India playing a significant role in this development and the Securities and Exchange Board of India (“SEBI”) issuing Circular No. SEBI/HO/CFD/CFD-SEC-2/P/CIR/2023/122 dated 12 July 2023 (“BRSR Circular”) pertaining to Business Responsibility and Sustainability Reporting (“BRSR”) […]

With rise in rapid industrialization and a robust boost in commerce, one cannot obliviate a pivotal aspect of the commerce industry, being disputes that may arise between the parties under the contractual agreement. The escalation in disputes arising from contractual agreements, coupled with the arduous nature of litigation, has compelled parties to explore alternative avenues […]

Introduction Films have always been a great source of entertainment for the masses. While the budgets infused into films/cinema, multiplexes have gone up exponentially, films and people involved in making such films have always suffered due to the overwhelming presence of “piracy”. The Supreme Court in State of Andhra Pradesh v Nagoti Venkataramana[1] aptly put across the […]

The concept of the right to privacy is widely acknowledged as a fundamental human right, and this is explicitly articulated in Article 12 of the 1948 Universal Declaration of Human Rights: “No one shall be subjected to arbitrary interference with his privacy, family, home, or correspondence, nor to attacks upon his honor and reputation. Everyone […]

Employment laws in India provides for administrative, judicial, and federal decisions for creating cordial relations between employers and employees. The laws define responsibilities for establishments based on different criteria such as work environment to employees/workers, their remuneration, working hours, the scale or type of industry and establishment. Please find below a brief note on Indian […]

1. Overview A transaction in real estate in India must take into consideration: The legal and contractual capacity of the transferor to transfer the property or interest proposed to be transferred; The legal and contractual capacity of the transferee to acquire and utilize the property or interest proposed to be acquired, for the intended purpose […]

Introduction In light of the worldwide Covid-19 pandemic and the resulting financial slump in the country many  companies are likely to find modes to ring fence their assets for better security and protection. Some  distressed companies may also look at ring fencing their assets to secure them from any corporate  insolvency resolution process (“CIRP”) that […]

I. OVERVIEW: Order VI Rules 17 of the Code of Civil Procedure, 1908 (the ‘Civil Procedure Code’) forms the  cornerstone of the law on the amendment of pleadings. The said rule is reproduced below for your  reference: Amendment of pleadings. The Court may at any stage of the proceedings allow either party to  alter or amend […]

Introduction With the advent of the 21st century, we have moved into the age where technology drives every aspect of our life. With the technological devices we use becoming our closest companions, it becomes imperative to ensure that the data collected is appropriately secured as per applicable law. The Right of Privacy of individuals was […]

Overview: When it is found that a wholly owned subsidiary does not have any assets to its name for the purpose of CIRP, any properties, including any claims or interests of its parent company will be said to be the assets of the wholly owned subsidiary for the purpose of the CIRP. The above principle […]

There is no denial that in view of the make in India initiative, the liberalization in the foreign direct investment policy in India, proactive government schemes and the various reforms in policies in India; the Indian economy is very attractive for foreign investors. Local investment is also a major part of running a business in […]