Cyril Amarchand Mangaldas Advises PayU Payments on Acquisition of Strategic Stake in Mindgate Solutions
Cyril Amarchand Mangaldas advised PayU Payments Private Limited (“PayU”)
Acquisition
Cyril Amarchand Mangaldas Advises Goldman Sachs on Majority Stake Acquisition in PeopleStrong Technologies
Cyril Amarchand Mangaldas advised Goldman Sachs on its acquisition of a majority stake in PeopleStrong Technologies leading human capital management SaaS provider.
Procedural safeguards necessary before depriving a person of his property: SC lays down 7 procedural rights conferred on landowner by Art. 300A of Constitution
Supreme Court made it clear that acquisition of land without following the due procedure would be outside the authority of law.
CCI approves 7 major acquisition proposals involving IFC, Piramal, Sharekhan, HCL, MG Motors, and Axis Bank
Shares have been acquired in Northern Arc, MG Motors, Greenko ZeroC, Nagarjuna Fertilizers, Annapurna Finance, Sharekhan, Human Value Developers, Pritam International Private Limited and Max Life Insurance.
ITAT allows Vodafone’s claim of depreciation on goodwill acquired pursuant to slump sale acquisition of Call Centre Business from VEGL
ITAT noted that Parliament had taken due note that the Supreme Court had held that the goodwill arising on business reorganization i.e. amalgamation, slump sales, demerger etc. is a depreciable intangible asset under Section 32 of the Act.
CCI approves acquisition of shareholding in Delanord Investments by Abu Dhabi Ports Company
The Commission stated that the precise delineation of relevant markets can be left open as irrespective of the delineation, the Proposed Combination will not cause any appreciable adverse effect on competition in India.
High Tension line installation not a property “acquisition” to attract rigours of Article 30(1A) of Constitution of India: Calcutta High Court
Calcutta High Court emphasized on the need to strike a balance between Article 30 of the Constitution of India and public interest.
Khaitan & Co advises Sage Software, Inc. in relation to 100% acquisition of Corecon Technologies
DEAL DETAILS The Sage Group Plc | Acquisition of Corecon Technologies, Inc. and its Indian subsidiary, Corecon Technologies India Private Limited Khaitan
SAM advises Titan Company Limited on the acquisition of the remaining 27.5% founders stake in Caratlane Trading Pvt Ltd.
Shardul Amarchand Mangaldas advised Titan Company Limited (“Titan”) on the proposed acquisition of remaining 27.5% founders stake in Caratlane Trading Pvt. Ltd.
Land Acquisition| In public purpose schemes, Authority should be given the time allotted to it by the Statute for doing certain things: Supreme Court
Supreme Court held that Madhya Pradesh High Court was not justified in quashing the entire Scheme providing for other connected land use, on the ground that the same has lapsed under Section 54 of the Madhya Pradesh Nagar Tatha Gram Nivesh Adhiniyam, 1973.
NCLT approves acquisition of Sterling Biotech Ltd. by US-based food tech ‘Perfect Day’
National Company Law Tribunal | In an application filed under S. 60(5) of the Insolvency and Bankruptcy Code, 2016, a
Khaitan & Co obtains CCI’s unconditional approval for Citibank’s Consumer Business acquisition by Axis Bank Ltd
Axis Bank Limited – Competition Commission of India’s unconditional approval for acquisition of Citibank’s Consumer Business. Khaitan & Co Competition/ Antitrust team
Delhi High Court dismisses a writ petition challenging land acquisition proceedings after a delay of 62 years
Delhi High Court: A Division Bench of Siddharth Mridul and Gaurang Kanth, JJ. dismissed the writ petition as it was filed after
Khaitan & Co advises Endurance Technologies Limited on their 100% acquisition of Maxwell Energy Systems Private Limited in a staggered manner
NO HEADINGS DETAILS 1. Sector Automobiles and Components 2. Announcement Date 5-July-2022 3. Completion Date 1 July 2022 4. Name of Client
Land Acquisition| Can market value be determined retrospectively based on the market value of land acquired two years later? SC answers
Supreme Court: In a case where the Court was posed with the question as to whether determination of market value subsequent to
Notification to exempt land from acquisition under LA Act is not a quasi-judicial order; will not confer any vested rights to the landowner: Supreme Court
“It is trite to point out that an order secured by fraud and misrepresentation will not confer any vested right and that, therefore, the land owners cannot pitch their claim either on the basis of vesting or on the basis of Article 300A.”
Mergers & Acquisitions (M&A) | CCI gives approval for acquisition of shareholding in HDFC Ergo General Insurance Co. Ltd. by HDFC Bank Ltd.
Acquisition approval by Competition Commission of India The Competition Commission of India (CCI) approves acquisition by HDFC Bank Limited (Acquirer) of shareholding
RBI issues Master Directions- RBI (Transfer of Loan Exposures) Directions, 2021
On September 24, 2021, the Reserve Bank of India (RBI) has issued the Reserve Bank of India (Transfer of Loan Exposures) Directions,
“Government cannot acquire its own land”. Proceedings under LA Act, 1894 cannot be reopened once the possession has been transferred: SC
Supreme Court: In an interesting case regarding land acquisition by government of Assam for setting up a plastic park, the Division Bench
CCI approves acquisition of stake by Axis Bank Limited, Axis Capital Limited & Axis Securities Limited in Max Life Insurance Company Limited
The Competition Commission of India (CCI) approves the acquisition of stake by Axis Bank Limited, Axis Capital Limited and Axis Securities Limited