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Author: legacy

Legacy > Articles posted by legacy (Page 3)
19 May
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Legacy Law Offices LLP acts as Legal Advisor for the IPO of Vibhor Steel Tubes Pvt. Ltd.

Posted by legacy
in Press Release

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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19 May
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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

Posted by legacy
in Press Release

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

Posted by legacy
in Press Release

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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08 March
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SIMPLIFYING THE COMMERCIAL COURTS ACT, 2015-IV

Posted by legacy
in Laws Of Surveillance, Published Articles
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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08 March
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SIMPLIFYING THE COMMERCIAL COURTS ACT, 2015-III

Posted by legacy
in Laws Of Surveillance, Published Articles
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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08 March
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SIMPLIFYING THE COMMERCIAL COURTS ACT, 2015-II

Posted by legacy
in Laws Of Surveillance, Published Articles
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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08 March
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SIMPLIFYING THE COMMERCIAL COURTS ACT, 2015

Posted by legacy
in Laws Of Surveillance, Published Articles
SIMPLIFYING THE COMMERCIAL COURTS ACT, 2015-IV

To read the article on Mondaq, click here. I. The Ban List: CPC, 1908 provision not applicable to Commercial Suits filed under the Commercial Courts Act, 2015 The Commercial Courts Act, 2015 (“Act of 2015”) is an improvement over the Code of Civil Procedure, 1908 (“Act of 1908”) in respect of commercial disputes. This Act is a handmaid to the Act of 1908 to provide speedy disposal of commercial suits. Various amendments have been made to the Act of 1908 in furtherance of the objectives of the Commercial Courts Act. Commercial suits are those where cause of action is arising out of a...

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08 March
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Litigation Financing/Third-Party Funding: A New Way to Ensure Justice

Posted by legacy
in Laws Of Surveillance

To read the article on Mondaq, click here. In the recent case of Tomorrow Sales Agency Pvt Ltd vs. SBS Holdings, Inc. & Ors. 1 , the Hon’ble High Court of Delhi, while dealing with the issue of holding a third party liable under an arbitration agreement, appreciated the vital role played by third-party funders in ensuring access to justice. It was observed that the absence of third-party funding would restrain impecunious parties from pursuing claims for amounts which may legitimately be due. In making such observations, the Hon’ble Court re-invoked an essential topic in relation to the importance of third-party funding or...

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07 March
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India: The need for climate-resilient infrastructure in disaster-prone India

Posted by legacy
in Laws Of Surveillance

To read the article on the IBA Website, click here. Climate change is undermining hard-earned development gains, trapping the poorest and most vulnerable in poverty, increasing malnutrition and exacerbating inequality.[1] The Covid-19 pandemic and economic crisis have been devastating, and as we support countries to respond to the ongoing crisis and build back, there is an urgent need to integrate climate and development strategies to deliver green, resilient, and inclusive development.[2] In September 2023, India hosted 19 countries and the European Union for the G20 Summit, held in the national capital of Delhi. In light of its increasing environmental conscience, the country...

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07 March
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Determining the seat of arbitration

Posted by legacy
in Laws Of Surveillance, Published Articles

To read the article on the IBA Website, click here. The alternative dispute resolution mechanism of arbitration has been widely preferred by the parties owing to its accessibility and expedited procedures. In recent years, this preference has also extended to the sectors of commercial- and construction-related disputes, whether domestic or international. With an open option to mutually decide on the method, the dispute adjudicator, the applicable laws or even the place, arbitration has developed the reputation of actually serving its purpose of attaining an amicable settlement of disputes. However, owing to such a high number of decisions which have to be undertaken...

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