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The special court passed the order on the complaint filed by Sapan Shrivastava, a media reporter, seeking investigation into the alleged offences committed by the accused persons, involving large scale financial fraud, regulatory violations, and corruption.
Shardul Amarchand Mangaldas & Co. advised Hyundai Motor India Limited and its Korean parent, Hyundai Motor Company
Shardul Amarchand Mangaldas & Co. advised Premier Energies Limited on its initial public offering of equity shares aggregating
Shardul Amarchand Mangaldas advised JK Tyre & Industries Limited (“Issuer”) on its qualified institutions placement of approximately USD 61 million. The issuer
Delhi High Court observed that on perusal of all the necessary rules and regulations, the statutory provisions do provide a robust mechanism to safeguard the interest of investors and by no stretch of imagination, it can be said that the interest of investors is not at all protected.
The clauses in the Information Memorandum are based on the Master Circular which is issued by the Reserve Bank under its statutory powers. Information Memorandum and its clauses refer to Master Circular. The said Information Brochure has a statutory flavour. In that event, the agreement would have a statutory base and such an agreement can certainly be enforceable.
Securities Appellate Tribunal (SAT): The Coram of Tarun Agarwala, J. (Presiding Officer), Dr C.K.G Nair (Member) and M.T. Joshi, J. (Judicial Member)