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The spoils / Issue 98

Legally India newsletter
Legally India newsletter

The Competition Commission of India (CCI) made its first very cautious splashes out of the shallows.

The regulator ruffled the hair of a cartel of 27 Bollywood producers by making each of them pay Rs 1 lakh ($2,214) and promise not to be anti-competitive again. A victory for Luthra & Luthra, of sorts.

The National Stock Exchange (NSE) is a slightly bigger fish in the pond and the CCI’s decision that the stock exchange had abused its dominant position is sure to become much examined and probed, once the final order is out. Victory for P&A opposite NSE, or for Amarchand and Vaish for NSE, who managed to reduce the scope of an earlier finding?

One of FoxMandal’s former partners, who left in the aftermath of the 2009 Fox liquidity crunch, has now taken legal action against his former firm. He is suing FoxMandal for Rs 79 lakh ($174,000) to recover the money he claims was promised and owed to him by the firm.

Jindal Global Law School (JGLS) has added another tie-up to its mantelpiece, enticing White & Case to give students internships and to create a knowledge partnership with the school

Takers of the second All India Bar Exam (AIBE) were given respite and a longer study break, after the exam was postponed by another month to 24 July. Long-promised pass certificates will be out by the end of this month - barring any postponements of course.

At the Bar

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