CESTAT: Blending & Crushing 'Iron Ore' Does Not Result Into 'Concentrates', Allows Importer Benefit Of Exemption

CESTAT Mumbai holds that process of crushing and screening 'Iron Ore' after mining and its subsequent blending with 5-10% iron ore concentrate would result in the classification of goods imported under CTI 2601 11 31 as 'Iron Ore' fines and not Iron Ore concentrates under CTI 2601 11 50, hence, entitled for exemption benefit from CVD payment under Sr. No. 56 of Notification No. 12/2010-CE dated March 17, 2012; Observing the lack of definition for 'concentrates' except in Chapter Note 4 to the...

Argus Partners Advises Qapita Fintech India Private Limited In Its 100% Acquisition Of ESOP Direct

Argus Partners has acted as the legal counsels for Qapita Fintech India Private Limited on its 100% acquisition of KP Corporate Solutions Limited (ESOP Direct). ESOP Direct provides end-to-end solutions for equity compensation to employees. Its service spans the entire lifecycle of employee share plans, from conceptualisation to reporting. (Source: Economic Times)Commenting on the development, the COO and Co-founder of Qapita stated that, "We are extremely excited about the...

Bombay High Court Expresses Strong Displeasure On Forest Authorities And Revenue Department In Private Forest Land Matter Inspite Of Supreme Court Orders

In a striking Judgement, the Bombay High Court expressed its strong displeasure on harassment by the revenue and forest authorities, Government of Maharashtr over the Private Forest matter of Shabbir Morbiwala & Rehana Morbiwala, inspite of the Supreme Court Orders. The Petitioners are the owners of Land situated in Wada, Thane District, Maharashtra. Adv Ameet Mehta, Managing Partner of Law Firm Solicis Lex stated that ''the Petitioners had obtained all the necessary permissions...

Control Of Peerless Group To Remain With SK Roy Family - NCLAT Stays NCLT Kolkata Bench Order

In a significant development in the Peerless – Parasmal Lodha dispute, the Hon'ble National Company Law Appellate Tribunal has today passed an order staying the operation of NCLT, Kolkata's order dated 18th July, 2022 which had inter alia directed cancellation of 30,000 shares allotted by Peerless General Finance and Investment Company in 1987. The NCLT, Kolkata Bench's order had effectively changed the state of affairs that was existing for the last 30 years and would operate to take away...

Kiran Jain, Founder Partner At Regius Legal LLP, Mumbai Represents Kiran Kumar In Successfully Whistle Blowing Against Dilip Chhabria And Dilip Chhabria Designs Pvt. Ltd.

Mr. Dilip Chhabria is a well-known name in luxury modified vehicles industry and his trademark 'DC design' which has been much sought after with several celebrities as his clients. From designing cars and SUV's to modifying them through his company started in 1993. Mr. Dilip Chhabria had made the car named "DC Avanti" which was showcased at multiple car shows and was said to be first sports car from India. Mr. Kiran kumar as a whistle blower filed several complaints to all authorities...

Argus Partners Advises Attentive.Ai On USD 5 Million Capital Raise From Sequoia's Surge Fund And Infoedge Ventures.

Argus Partners has acted as the legal counsel for Attentive.ai, an artificial intelligence-based SaaS (software as a service) startup, on raising USD 5 million from Sequoia's Surge fund and InfoEdge Ventures.The fund will be used by Attentive.ai to build the platform and add more modules to automate the remaining landscaping workflows. Further, the funds will also be utilized to hire and retain talent across product, technology, and sales and expand the operations of Attentive.ai across the...

SNG & Partners Announces Promotions At Partnership Level

SNG & Partners is pleased to announce the elevation of Sanjay Gupta to Managing Partner – Dispute Resolution Practice and Amit Aggarwal to Senior Partner at the Firm, after its recent collaboration with R&P Partners across nine cities including Singapore. SNG & Partners, with its Partner count of 19, and R&P Partners with its Partner strength of 6, had earlier this year, collaborated through an exclusive joint venture after which the consolidated strength of the firms is...

Loco And FIFA Team Up To Bring The Exclusive Esports Experience To Fans Across India

Luthra and Luthra Law Offices India represented Stoughton Street Tech Labs Private Limited to acquire exclusive media rights agreement for FIFAe Pinnacle Events in India.Game streaming platform, Loco (Stoughton Street Tech Labs Private Limited), entered into an exclusive media rights agreement with FIFA, football's international governing body to bring the centrepiece of the FIFA esports experience – FIFAe World Cup 2022™, FIFAe Club World Cup 2022™, and FIFAe Nations Cup 2022™ to fans across...

NSE IFSC- SGX Connect

The NSE IFSC-SGX Connect was launched by the Hon'ble Prime Minister of India, Shri Narender Modi, at the Gujarat International Finance Tec-City, Gujarat ("GIFT City"), India's maiden International Financial Services Centre ("IFSC").With this launch, the NSE and Singapore Exchange (SGX) are set to bring SGX Nifty trading to the GIFT City, pursuant to which, all SGX Nifty futures contracts, which were till now traded in Singapore, will be traded at the NSE IFSC- SGX Connect.Luthra and Luthra Law...

The Great Come Back – Luthra And Luthra Law Offices India

Luthra & Luthra Law Offices started its journey over 3 decades ago, setting a benchmark for high quality modern legal services in a new and liberalised Indian economy. It soon came to be recognised as one of the largest top-tier law firms in the country, providing sound legal advice across industry sectors and won many accolades (both national and international).In the year 2018, the Firm was rechristened L&L Partners, however, amongst its clients, peers, legal fraternity and the media,...

Karan S. Thukral Collaborates With 'CAN & PARTNER' Law Office, Turkey

Can & Partner Law office is one of the leading firms in litigation and mediation sector, covering a major chunk in the state of Turkey. The Firm was founded in 1993 and is presently headed by Nevin Can, Advocate. The Firm is a proud owner of a multidisciplinary team of lawyers specializing in almost all areas of law; civil, criminal, commercial and mediation. As an internationally accredited mediation firm, 'Can & Partner' is now looking to offer mediation services to resolve...

Allahabad High Court Granted Bail To Accused In Rs. 529 Crores Tax Evasion Case

On 29.07.2022, Justice Siddharth of Allahabad HC granted bail to an accused who was in continued judicial custody for more than 150 days. DGGI alleged that the accused formed 75 fake firms and prepared fake documents/invoices evidencing financial transactions between various parties without actual movement of goods; and as a sequel thereof, input tax credit of Rs. 5,28,91,94,250/- (Rupees Five Hundred Twenty Eight Crores Ninety One Lakh Ninety Four Thousand Two Hundred Fifty only) has been...