The transaction team was led by Puja Sondhi, Partner; Aayush Kapoor, Partner; Roma Das, Partner; Prerna Saroha, Senior Associate; and Harjas Singh, Senior Associate. Senior Associate, Subhashini Narayanan, and Associates, Vipra Sankhla and Akshita Jain also assisted on to the closing of the first tranche of both the transactions.
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The transaction involved conducting due diligence on Citron Ecopower Private Limited along with lengthy negotiations with the opposite counsels to achieve the short and stringent timelines to close the transaction.
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"The goods and services rendered by Dharma Production Private Limited by naming a movie as 'Jigra' cannot be said to be an infringement of trademark laws," the Court said.
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The road to transformation was challenging. Internal resistance to change in the team was partly due to work pressure and a lack of appreciation for automation. Additionally, resource and funding limitations made automation difficult. however, Jyothi VK, General Counsel, and Senior VP, ABFRL decided to push forward, collaborating with the in-house IT team and small vendors to develop a website and automate approval processes using existing infrastructure. This success energized her to continue the digital journey, implementing various tech initiatives to increase the legal team's efficiency and visibility.
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Interim finance is emerging as a high-yield, credit avenue. Super priority status and CoC-blessed borrowing keep much better protected. However, lenders/investors should be aware of potential risks like delays in insolvency resolution and security quality deterioration. The right moment to invest is typically after CoC formation and resolution plan approval, when there is some clarity about the quality of the resolution application and the prospect of resolution.
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Tanwani presently serves as the Senior General Manager - Legal at Cummins India
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Bombay HC’s judgement reinforces the principle that governments should not have the power to unilaterally determine the truth or regulate user generated content. As India continues to navigate its digital governance landscape, the judgement sets an important precedent for the creation of laws that upholding the constitutional rights while still addressing the legitimate need for regulating misinformation in the digital age.
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The U.S. Federal Reserve's recent rate cut is a significant event with profound implications for India and the global economy. For India, the potential benefits include increased foreign investment, lower borrowing costs, and accelerated economic growth. However, these advantages come with challenges such as managing currency appreciation, controlling inflation, and ensuring financial stability.
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