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Legacy > Blog (Page 8)
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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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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Satluj Jal Vidyut Nigam vs. Jaiprakash Hyundai Consortium & Ors 1 . – Case Analysis

Posted by legacy
in Laws Of Surveillance

To read the article on Mondaq, click here.In the recent case of Satluj Jal Vidyut Nigam, the Hon’ble High Court of Delhi held that an arbitrator cannot decide a case on the basis of a mathematical calculation which is not supported by evidence. The judgment in this case invoked the ever-growing debate on the importance of adaptation of a reasonable duty of care by the arbitrators in deciding a matter, especially one pertaining to a construction dispute, where stakes are undoubtedly very high.The role of an Arbitrator has been set in law as that of aiding the parties in reaching...

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29 August
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Coal India vs. Competition Commission of India: Case Analysis

Posted by legacy
in Laws Of Surveillance

To read the article on Mondaq, click here.One of the basic rules of interpretation states that no provision of a statute should be read in isolation to the other statutes and that while interpreting a law, it should be presumed that the Parliament, at the time of making such law, was well aware of the existence of all the other laws in force in India. This rule, also known as the ‘rule of harmonious construction’, being one of the cardinal principles of interpretation of statutes, recently formed the basis of the decision in the recent case of Coal India Limited &...

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29 August
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A Glimpse into the Provisions under the Competition (Amendment) Act, 2023

Posted by legacy
in Laws Of Surveillance

To read the article on Mondaq, click here.The Competition Act, 2002, (hereinafter referred to as ‘Principal Act’) came into force on March 31, 2003, and has since undergone few amendments, thus leaving a wide scope for the progressive ways in which the anti-trust regime in India can be enforced.In lieu of such a dire need felt by the legislature, the Competition (Amendment) Act, 2023 (hereinafter referred to as ‘Act of 2023’) was published in the Indian Gazette after receiving the President’s assent on April 11, 2023. Through the enactment, robust reforms were brought within the law in order to bring...

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29 August
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The Validity of an Unstamped Arbitration Agreement: The NN Global Judgment

Posted by legacy
in Laws Of Surveillance

To read the article on Mondaq, click here.The Arbitration & Conciliation Act, 1996 (Arbitration Act) is a state-of-the art legislation based on the UNCITRAL Model Law on International Commercial Arbitration, 1985, and enforced with the objective of providing an alternative remedy to disputes in India. Being a well thought-out piece of legislation, the Act has been designed to preclude judicial scrutiny, except in certain limited circumstances, including where the existence of the arbitration agreement in itself, is put to question. In any other case, the Act has been repeatedly upheld to hold a preceding position as compared to other laws. The...

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17 April
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The Revolutionary Chat GPT And Its Legal Policies

Posted by legacy
in Laws Of Surveillance

To read the article on Mondaq, click  here The year 2022 marked a fresh and innovative beginning for the field of artificial intelligence (AI), wherein the technology was re-introduced in a more accessible and usable form to the public. While the roots of AI date way back to the era when Alan Turing's machine decoded the German code ‘enigma', it is needful to mention that the developments in the field since that war have been manifold. The most recent development was the introduction of a downloadable web application which acted as a chat-bot for people who were either curious about or...

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17 April
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Attorney Client Privilege In The AI Era

Posted by legacy
in Laws Of Surveillance

To read the article on Mondaq, click  here Recently, the world has seen landmark advancements in the field of artificial intelligence where one of the most popular innovation, has been the release of an application called Chat GPT, which has been described as an artificially intelligent chat-bot which generates user specific, human-like results for an individual. Chat GPT was designed by a company called Open AI, which is an AI research and deployment company based in the United States of America. Other than the said radical technology, the company was also responsible for the development of other artificially intelligent applications known...

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17 February
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Prices of Residential Plots in Panchkula Crash: No Construction Above Third Floor

Posted by legacy
in Property
Panchkula 4th Floor News

The recent announcement by the Haryana Government and HSVP regarding ban on construction of stilt plus 4 floor building in Panchkula District has not only provided respite for the residents of HSVP developed sectors protesting against apartmentalization of residential plots, it has also simultaneously provided relief to the bonafide purchasers of residential properties by way of making available plots and houses at affordable prices. The builders who had resorted to construction of stilt plus 4 floor apartments at residential plots meant to be independent dwelling units were making hefty profit by selling 4 apartments constructed over residential plots across Panchkula. It...

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14 December
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The Trending Moonlighting Era: Reflecting the light for a New Perspective

Posted by legacy
in Chamunda Ropeway Project Concessionaire

To read the article on Legal 500,  click here “It all started with a second pandemic, and the moon kept shining thereon” The year 2020 became infamous for several reasons and the most significant one being the Covid-19 pandemic that led to never-ending, exhausting, and draining lockdowns. These lockdowns not only gave a glimpse into what an apocalypse may appear like but also put an embargo on usual social interactions and confined individuals to their homes by hindering their access to the outside world. Under such unprecedented circumstances, the economy was dwindling and fading away into the melancholy and void created by...

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