News
Private equity / VC
Vaish Associates advised luxury merchandise e-tailer Radiant Hues on the $2m (Rs 13.8 crore) sale of stake in it to the Anil-Ambani controlled Reliance Capital which was advised by Bharucha & Partners.
Vaish Delhi partner Satwinder Singh and senior associate Varnika Sharma acted for Radiant.
Bharucha Mumbai partner Justin Bharucha and associate Gunmeher Juneja acted for Reliance.
Reliance will end up with 14.07 per cent stake in Radiant, through investment in various tranches, by May 2017, reported VC Circle.
SCOI Reports
In the ongoing hearing of the challenges to imposition of President’s rule Arunachal Pradesh, the SC constitution bench recalled its notice issued to the state Governor, Jyoti Prasad Rajkhowa, when the AG, Mukul Rohatgi, pointed out that the Governor enjoys immunity under the Constitution.
Law firms
CMS has become the first international firm to open an office in Iran, two weeks after sanctions against the country were lifted by the US
Bar, Bench & Litigation
165 candidates passed this year’s advocates-on-record (AoR) exam this year - a huge increase compared to the 65 candidates out of 544 who passed a year ago.
SCOI Reports
The Supreme Court has referred the section 377 curative petition to a Constitution Bench for further examination.
SCOI Reports
Chief Justice of India (CJI) TS Thakur, and justices Anil R Dave and Jagdish Singh Khehar, will hear the section 377 curative petition today at 3pm in the Supreme Court.
Law firms
NLSIU Bangalore 2000 graduate Richa Naujoks was promoted to partnership at Nixon Peabody in New York City, according to a press release from the firm.
Law firms
Jones Day Singapore capital markets partner and India group head Manoj Bhargava and of counsel Ankit Kashyap have both resigned from the firm around a week ago.
SCOI Reports
The social justice bench comprising justices Madan B Lokur and UU Lalit, set up by the previous chief justice of India, justice HL Dattu on 12 December 2014 has now officially ceased, and the cases which were part-heard before that bench, have been distributed to other benches.
Law schools
NLUO Cuttack and NLU Delhi’s “quality-status” reports submitted to the National Assessment and Accreditation Council (NAAC) are fundamentally similar, with two pages in NLUO’s 241-page report copied verbatim from two pages in NLU Delhi’s 282-page report.
SCOI Reports
Today’s judgment in Sachchidanand Gupta “Sachchey” vs State of UP through Chief Secretary and Others showed that the chief justice of the Allahabad high court had also opposed Justice Sanjay Misra’s name, which was proposed by the chief minister.