SEBI Issues Master Circular to Streamline Disclosure and Compliance in Debt Markets
Jul 29, 2025
The Securities and Exchange Board of India (“SEBI”) issued a comprehensive Master Circular (“Master Circular”) dated July 11, 2025, consolidating the listing obligations and disclosure requirements for listed Non-Convertible Securities (“NCS”), Securitised Debt Instruments (“SDI”), and Commercial Paper (“CP”). This new regulatory framework replaces multiple earlier circulars a...
Read MoreClove Legal has successfully obtained a landmark order from the Hon’ble Bombay High Court directing MahaRERA to implement structured guidelines governing its hearing procedures and functioning framework.
Jul 28, 2025
In Mayur Desai v. State of Maharashtra (Writ Petition (L) No. 11502 of 2025), the Court took cognizance of the procedural inefficiencies and lack of transparency in MahaRERA’s functioning, particularly its continued reliance on virtual-only hearings post-pandemic. Emphasizing that access to justice is a constitutional right, not a technical convenience, the Court issued binding directions to Ma...
Read MoreRegulatory Roundup: Key Corporate & Financial Law Updates
Jun 18, 2025
RBI Introduces Holistic Framework for Digital Lending: RBI (Digital Lending) Directions, 2025 The Reserve Bank of India on May 8, 2025, has unveiled the RBI(Digital Lending) Directions, 2025(“Directions”), establishing a consolidated and enforceable regulatory framework for digital lending in India superseding earlier digital lending guidelines from 2022 and 2023. The Directions unify earl...
Read MoreBombay High Court reprimands MahaRERA for not holding in-person hearings - Writ Petition filed by Clove Legal on behalf of aggrieved home buyer.
May 02, 2025
Clove Legal successfully represented a home-buyer in a Writ Petition filed before the Hon’ble Bombay High Court, whereby the Hon’ble Court while considering the common grievances of the home-buyers through our client, directed the Maharashtra Real Estate Regulatory Authority (MahaRERA) to review its Standard Operating Procedures (SOPs) and its Rules and Regulations for conducting effective he...
Read MoreBombay High Court Clarifies Interplay between Information Technology Act, 2000 and Indian Penal Code 1860, in Cybercrime Cases
Apr 30, 2024
The Hon’ble Bombay High Court in its latest decision dated April 15, 2024, in the case of Awadhesh Kumar Parasnath Pathak Vs State of Maharashtra and Anr. held that while the Information Technology Act, 2000 (“IT Act”) is a special Act for addressing cybercrimes and has an overriding effect, it does not preclude the application of Indian Penal Code, 1860 (“IPC”) in cases where the offen...
Read MoreAuction Sale Set Aside by DRT Due to Default by the Bank: Supreme Court Enhances Rate of Interest to be Paid by the Bank Along with Refund Amount to the Successful Auction Purchaser | Tenants/Appellants being Successful Bidders Reverted to the Status of Tenants and Protected from Being Dispossessed by the Bank
Apr 26, 2024
Relevant Facts: In the recent case of Govind Kumar Sharma & Anr. versus Bank of Baroda & Ors., the undisputed facts were that the Appellants were tenants in the mortgaged premises which had been put up for auction by the Respondent Bank under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act 2002, (“SARFAESI Act”). Appellants’ poss...
Read MoreIncorporation of Arbitration Clause by Reference: A General Reference to A Contract Would Not Have the Effect of Incorporating the Arbitration Clause in Another Contract.
Apr 22, 2024
The Supreme Court in its recent decision dated March 19, 2024, in NBCC (India) Private Limited v. Zillion Infraprojects Private Limited[1] reaffirmed the position that a dispute cannot be referred to arbitration on the basis of arbitration clause contained in a referred contract unless a specific reference was made in the main contract to incorporate the arbitration clause into the same. The s...
Read MoreFSSAI Issues Advisory dated February 21, 2024, for Time-Bound Processing of Applications for Licenses Marked for Inspections
Mar 18, 2024
The Food Safety and Standards Authority of India (“FSSAI”) issued directions for Risk Based Inspections vide order number RCD-02001/9/2021-Regulatory-FSSAI dated May 2, 2022[1]. Basis these directions issued by the FSSAI, Pre – License inspections are mandated only for the following categories of Manufacturer/Processor: Milk & Milk productsMeat & Meat productsFish & Fish prod...
Read MoreLiability of E-commerce Platforms to Comply with Consumer Protection (E-Commerce) Rules, 2020 – Abhi Traders v. Fashnear Technologies Private Limited & Ors.
Mar 16, 2024
The Plaintiff, a clothing retailer under the brand name "IBRANA," filed an interim application before the Delhi High Court against Defendant No. 1, Fashnear Technologies Private Limited, an operator of the e-commerce platform "meesho.com" and Defendants No. 2 to 10 who are clothing retailers for copyright infringement and passing off. The Plaintiff alleged that the Defendants No. 1 to 9 and an...
Read MoreStamp Duty Reduction for Mining Deeds in Goa
Mar 15, 2024
The Government of Goa via a notification dated March 02, 2024, has promulgated “The Indian Stamp (Goa Amendment) Ordinance, 2024” amending section 3A, sub-section (1) of the Indian Stamp Act, 1899 which has reduced the stamp duty on mining lease deeds by 60%. Currently, the stamp duty on mining lease deeds is calculated by multiplying the Environmental Clearance Quantity by 15 (Fifteen) times...
Read MoreRecent Posts
- SEBI Issues Master Circular to Streamline Disclosure and Compliance in Debt Markets
- Clove Legal has successfully obtained a landmark order from the Hon’ble Bombay High Court directing MahaRERA to implement structured guidelines governing its hearing procedures and functioning framework.
- Regulatory Roundup: Key Corporate & Financial Law Updates
- Bombay High Court reprimands MahaRERA for not holding in-person hearings - Writ Petition filed by Clove Legal on behalf of aggrieved home buyer.
- Bombay High Court Clarifies Interplay between Information Technology Act, 2000 and Indian Penal Code 1860, in Cybercrime Cases
- Auction Sale Set Aside by DRT Due to Default by the Bank: Supreme Court Enhances Rate of Interest to be Paid by the Bank Along with Refund Amount to the Successful Auction Purchaser | Tenants/Appellants being Successful Bidders Reverted to the Status of Tenants and Protected from Being Dispossessed by the Bank
- Incorporation of Arbitration Clause by Reference: A General Reference to A Contract Would Not Have the Effect of Incorporating the Arbitration Clause in Another Contract.
- FSSAI Issues Advisory dated February 21, 2024, for Time-Bound Processing of Applications for Licenses Marked for Inspections
- Liability of E-commerce Platforms to Comply with Consumer Protection (E-Commerce) Rules, 2020 – Abhi Traders v. Fashnear Technologies Private Limited & Ors.
- Stamp Duty Reduction for Mining Deeds in Goa