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Author: legacy

Legacy > Articles posted by legacy

Analysis Of The 2019 Amendments To The Citizenship Act (1955) And The 2024 Amendment To The Citizenship Rules 2009

To read the article on Mondaq, click here. The Central Government has on March 11, 2024 notified the Citizenship Amendment Rules 2024 pending which the provisions of the Citizenship (Amendment) Act, 2019 could not be given effect to, even after receiving assent of the Parliament in December 2019. These rules lay down the procedural aspect of implementing the provisions of Citizenship Amendment Act, 2019. They are a handmaid to the Citizenship Amendments specially introduced in favor of according Indian citizenship status to certain persons. A brief discussion on the Citizenship Amendment Act, 2019 is necessary to understand the purpose of the...

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A Grim Tale Of Two Towers – Apex And Ceyane

To read the article on Mondaq, click here On 28th February, 2022, the Supreme Court was informed how the demolition of two 40-storied towers, T-16 and T-17 namely Apex and Ceyane belonging to the Emerald Court Project of Supertech Builders would be carried out in phased manner with the use of specialized blasting procedure. During the demolition, the area would be declared a no-fly zone and would be completely evacuated. The demolition would be completed by May 22, 2022. Background of Dispute: The Emerald Court Owner Resident Welfare Association had approached the Allahabad High Court in 2012 alleging that the Developer was constructing...

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Legacy Law Offices LLP acts on EMS Limited IPO

EMS Limited, earlier known as EMS Infracon Private Limited, a Delhi National Capital Region (NCR) based company has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). The company is making its first public offer to raise funds through an initial public offering (IPO) for a fresh issue of equity shares worth up to Rs. 180 crores ($ 21.9 million) and an offer-for-sale (OFS) of up to 82.94 lakh shares by the promoter of the company, Ramveer Singh. At present, Singh holds a 97.81 per cent stake in the company. The company, EMS Limited,...

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High Court of Himachal Pradesh grants relief to Himani – Chamunda Ropeway Project Concessionaire

In a relief to the concessionaire company engaged to develop the Himani-Chamunda Ropeway project at Kangra district the Hon’ble High Court of Himachal Pradesh has granted relief to the company by way of issuing stay on encashment of the bank guarantee. The High Court in its order directed that the respondents including the concessioning authority for the project which is the state department of tourism and civil aviation are restrained from encashing the bank guarantee. Earlier, the department had issued notice of termination to Usha Breco Chamunda Devi Ropeway Private Limited citing default by the company. The company on its part...

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Legacy Law Offices LLP acts as Legal Advisor for the IPO of Vibhor Steel Tubes Pvt. Ltd.

Legacy Law Offices LLP advised Vibhor Steel Tubes Pvt. Ltd. ("Vibhor Steel") and the promoter group selling shareholder in relation to its Initial Public Offering ("IPO") of equity shares aggregating to INR 720 million, the most successful IPO of the year 2024 and the 3rd most successful IPO in the Indian market till date, based on its phenomenal over-subscription by 299 times. The tremendous investor response to Vibhor Steel’s IPO is a symbol of confidence in the steel industry's robust future. Vibhor Steel is also diversifying into the Metal Crash barriers segment for National Highway projects. Legacy’s expert legal guidance was...

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Lawyers of Legacy Law Offices LLP extend their pleasure in being the Legal Advisors to EMS Ltd for the Initial Public Offering (IPO) of the Company

EMS Ltd. is a leading Indian company, working in the sewerage sector since December 2010. Its business extends to providing sewerage solutions, water treatment and supply systems, electrical transmission and distribution systems and other allied works. The team of lawyers headed by Our Managing Partner, Mr Gagan Anand, and Co-Managing Partner, Ms Shalini Munjal with Mr Amarendra Gogoi, Partner, Ms Shikha Vohra, Associate Advocate, and Mr Nandish Munjal, Associate Advocate, are providing professional legal services to the company for the public issue of their equity shares to facilitate the public offering which is worth over INR 180 crores. According to the DRHP...

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Legacy Law Offices LLP Acts on Surifresh Extract Limited and Nakshatra Asset Ventures Limited IPOs

December 14, 2024 marked a new milestone for the Capital Markets practice of Legacy Law Offices LLP as the Draft Red Herring Prospectus (DRHP) of two highly reputed industry leaders were filed before the Bombay Stock Exchange. Issuer No. 1, Surifresh Extracts Limited is a leading player in the fresh fruit juice category and specialized in the distribution, import, and manufacturing of premium fresh produce. It is carrying out its Initial Public Offering (IPO) comprising the fresh issue of approximately 3.15 lakh shares aggregating upto Rs. 50 Crores. Issuer No. 2 Nakshatra Asset Ventures Limited is a boutique entity for Stressed Asset...

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SIMPLIFYING THE COMMERCIAL COURTS ACT, 2015-IV

SIMPLIFYING THE COMMERCIAL COURTS ACT, 2015-IV

To read the article on Mondaq, click here. IV. DEFENCE TO A CIVIL SUIT The Order IV: Institution of Suits of the Code of Civil Procedure, 1908 (hereinafter CPC) specifies that a suit shall be instituted by presentation of Plaint. The Order VI Rule 1 of the CPC 1 stipulates that pleading shall mean Plaint or Written Statement. The significance of a Written Statement filed by the Defendant is very well understood. A Suit becomes meaningful when it is contested on the basis of a well drafted Written Statement. The Commercial Court Act has added by way of amendment Rule 3A in Order VI, which...

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SIMPLIFYING THE COMMERCIAL COURTS ACT, 2015-III

SIMPLIFYING THE COMMERCIAL COURTS ACT, 2015-IV

To read the article on Mondaq, click here. III. Order XIII-A: SUMMARY JUDGMENT Introduction A summary procedure of pronouncing judgment has been introduced through the addition of Order XIII-A applicable to the commercial suits of specified value. 1 It may be mentioned here that commercial suits involve monetary litigation between parties to a commercial contract and involve complex questions of facts and law often times requiring special attention of the Court. So far the remedy of summary procedure was available under Order XXXVII most commonly known as ‘Suits for Recovery’ where the lis involved recovery of amount due on a negotiable instrument or an...

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SIMPLIFYING THE COMMERCIAL COURTS ACT, 2015-II

SIMPLIFYING THE COMMERCIAL COURTS ACT, 2015-IV

To read the article on Mondaq, click here. II. Order XI : Disclosure Discovery and Inspection of Documents in Suit before the Commercial Division of A High Court or a Commercial Court The Order XI of Civil Procedure Code applicable to commercial disputes of specified value as introduced by the Commercial Courts Act, 2015 is different from the Order XI of Civil Procedure Code applicable to other Civil Disputes in material ways. This order has 7 rules divided into sub-rules and sub-sub-rules as opposed to 23 rules in the Order XI applicable to other civil suits. A brief, Rule-wise discussion is given .It...

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