In its judgement, the Delhi High Court referenced several precedents, including the Supreme Court's emphaisis on the necessity of disclosing reasons for decisions to maintain public confidence in judicial and quassi - judicial authorities.
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Justice Surya Kant, in his address, highlighted that Sarkar - Specific Relief Act holds a special place in our legal landscape. This book has guided generations of legal professionals and continues to uphold a legacy of trust and reliability.
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Veritas Legal advised EPIQ Captal on conducting the due diligence of GIVA Jewellery, drafting the transaction documents and assisted in the closure of the deal.
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The transaction team was led by Prashant Gupta – National Practice Head – Capital Markets; Nikhil Naredi, Partner; Priya Awasthi, Partner; Jheel Bhargava, Associate; and Veronica Miranda, Associate. Special thanks to Aditi Verma, Principal Associate for her support.
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The transaction was done under the strategic guidance of Cyril Shroff, Managing Partner; and L. Viswanathan, Senior Partner; and was headed by Ruetveij Pandya, Partner; with support from Abhilasha Malpani, Principal Associate; and Disha Tulsyan, Associate.
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“With profound legal expertise and proven leadership, Deepak is well-positioned to spearhead our goal of ensuring the highest standards of governance while delivering innovative working capital solutions to our clients,” commented Ram Kewalramani, Co-founder and MD of CredAble. “As General Counsel at CredAble, Deepak will be responsible for steering CredAble’s legal strategy and leading the development of legal frameworks that align with business goals and guide decisions on risk management, contracts, and governance. He will work closely with our leadership team to address regulatory requirements and advise on the legal implications of new markets and products.”
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Johar wll retain 50 percent of stake in Dharma and Dharmatic productions and will contuniue to hold the position of Executive Chaiirman of the company.
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The Court is expected to issue guidelines to curb lapses.
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The transaction team was led by Amey Pathak, Partner & Head - Banking; and Yash Jain, Partner; with the support from Ayush Chowdhury, Senior Associate; and Gauransh Gaur, Associate.
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The NCLAT upheld the NCLT’s order dated 01.04.2022 holding that union of India’s intervention in the affairs of the Delhi Gymkhana Club, resulting in the erstwhile management of the Club being superseded by a 15 member general committee appointed by the Union of India to manage the affairs of the club, was necessitated in view of the rampant mismanagement by the erstwhile general committee.
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