SEBI Newsletter June 2023
Our SEBI Newsletter brings you the latest developments in the world of securities markets. This month we cover: 1. Consultation Paper on definition of Unpublished Price Sensitive Information under SEBI (Prohibition of Insider Trading) Regulations, 2015. The consultation paper can be accessed at: https://www.sebi.gov.in/reports-and-statistics/reports/may-2023/consultation-paper-on-proposed-review-of-the-definition-of-unpublished-price-sensitive-information-upsi-under-sebi-prohibition-of-insider-trading-regulations-2015-to-bring-greater-clarity-and-uni-_71337.html 2. Consultation paper on draft SEBI (Prohibition of Unexplained Suspicious Trading […]
Litigation Update June 2023
Recently, in the case of V. Umadevi v. Kumaran Gin & Pressing Private Limited, the National Company Law Tribunal, Chennai Bench ruled that advance paid by a party for purchase of goods and/or services does not qualify as “operational debt” under IBC. The Tribunal opined that the scope of “operational debt” under Section 5(21) was […]
Sanket Jain Keynote speaker at Events 4 Sure’s Global Legal ConfEx
We are thrilled to announce that we will be participating in Events 4 Sure‘s Global Legal ConfEx on June 14th, 2023, in Mumbai, India. Our Partner Sanket Jain shall be one of the Key Speakers at the upcoming Round Table Discussions on the current anti-corruption landscape in India. We look forward to an insightful and enriching session and […]
Eco Warriors April & May 2023
At Pioneer Legal, we are doing our bit to reduce waste, conserve resources and decrease our collective carbon footprint. Sustainability is a lifestyle at our office and our team’s strong commitment to practice eco-friendly habits always inspires us to do more! #PioneerLegal #0prints #gogreen #sustainableliving #repurpose #reduceandreuse #recycling #zerowasteliving #sustainability
Happy Pride Month
Diversity and inclusion have always been part of Pioneer Legal’s ethos. We firmly believe in fostering an accessible culture at work for the wellbeing of our employees. As one of India’s few legal firms with a Diversity policy, we’re continuously working towards making our firm more open and welcoming. While we celebrate the essence of […]
Litigation Update May 2023
In a recent Calcutta High Court ruling in the case of Urgo Capital Limited v. Raj Drug Agency & Ors, the Court opined that the mere possibility of criminal proceedings arising from the same facts and circumstances in a case where arbitration has been invoked, would not debar the dispute from being arbitrable in nature. […]
No Escaping From Penal Liability By Citing Company’s Dissolution- Mondaq- Aashna Jain
In a recent ruling of Ajay Kumar Radheyshyam Goenka vs Tourism Finance Corporation of India Limited, the Supreme Court held that personal liability of a signatory or director of a company in a cheque dishonour case cannot be absolved during corporate insolvency resolution proceedings. The court emphasized that the nature of insolvency and cheque dishonour […]
Fractional ownership platforms make commercial real estate accessible
The Securities and Exchange Board of India (SEBI) has issued a consultation paper, laying the foundation for regulating fractional ownership platforms under the Micro, Small, Medium (MSM) Real Estate Investment Trust (REIT) framework. As the number of such fractional ownership platforms expand and significant amounts of retail investors’ funds are invested in them, it is […]
IPR Newsletter
As a trial run, you can now 𝗟𝗶𝘀𝘁𝗲𝗻 to our updates. Let us know your feedback. Tune in to our IPR newsletter – April 2023 edition to find the latest developments in the field of intellectual property rights in India and around the world. For more information, get in touch with our Partner Anupam Shukla, Senior […]
IBC Newsletter April 2023
Our IBC Newsletter brings you the latest developments in the Indian Insolvency and Bankruptcy regime including the relevant judgments. Read the full newsletter below and for more information, get in touch with our Partner Mayank Mehta and Associates Mamta Jain and Abhishek Gaur #PioneerLegal #LawatPL #insolvency #cirp #IBC
