News

Deal Update: Revfin Services Private Limited Raises Pre-Series A Investment

Ahlawat & Associates’ transactional team has advised Revfin Services Private Limited, a start-up electric vehicles-focused financing company operating a digital lending platform providing financial assistance by partnering with various financial institutions on its Pre-Series A Investment round which was led by LetsVenture Angel Fund along with existing angel investors. The Delhi-based business platform focuses on …

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Ahlawat-Associates

Delhi High Court publishes draft ‘Delhi High Court Intellectual Property Rights Division Rules,­ 2021

The Hon’ble High Court of Delhi recently notified the draft “Delhi High Court Intellectual Property Rights Division Rules, 2021” (DHC-IPD Rules, 2021). This development is subsequent to the formation of the Intellectual Property Division in the High Court of Delhi pursuant to the scrapping of the Intellectual Property Appellate Board (IPAB) by the Government of …

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Kerala High Court reiterates that ban on online rummy unconstitutional

The High Court of Kerala recently (on September 27, 2021) declared the ban on online rummy (by the Kerala Government) to be violative of the fundamental rights enshrined under Articles 14 and 19(1)(g) of the Constitution of India. A bunch of petitions was placed before Justice T.R. Ravi, wherein the petitioners challenged the State Government’s …

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Advertising Standards Council of India (ASCI) launches new service for advertisers

On September 22, 2021, the Advertising Standards Council of India (“ASCI”) has launched an ‘Advertising Advice’ service for aiding the self-regulation of objectionable advertisements. The service is intended to provide a means to all relevant stakeholders (including marketers, brands, and advertisers) to determine from the pre-production stage of their advertisement campaign that no deceptive or …

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Ahlawat-Associates

Educational institutions to get official fee discount for patent filings

The Department for Promotion of Industry and Internal Trade (formed under the Ministry of Commerce and Industry) has published amendments to the Patent Rules, 2003 (hereinafter referred to as the principal Rules) in the Official Gazette on September 21, 2021. The following amendments have been introduced under the Rules: In the principal Rules, in rule …

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Ahlawat-Associates

Madras High Court reiterates stay on some provisions of the Information Technology (Guidelines for intermediaries and Digital Media Ethics Code) Rules, 2021

The Madras High Court (vide its order dated September 16, 2021) has reiterated the stay of Rules 9(1) and 9(3) of the recently notified Information Technology (Guidelines for intermediaries and Digital Media Ethics Code) Rules, 2021 by the Bombay High Court. The Madras High Court pronounced the referenced order after hearing the clubbed writ petitions …

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Ahlawat-Associates

A Big Relief to Telecom Sector

As part of its comprehensive package for the Telecom Sector of the Country, the Government of India has announced 100 % foreign direct investment (“FDI”) under the automatic route in the said sector. To date, investment was allowed in the Telecom Sector up to 49% via automatic route and any investment beyond 49 per cent …

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Supreme Court: Completion of CIRP within 330 days, Submitted Resolution Plan cannot be modified by the Resolution Applicant

The Hon’ble Supreme Court of India in the matter of Ebix Singapore Private Limited vs Committee of Creditors (“CoC”) of Educomp Solutions Limited held that the corporate insolvency resolution process (“CIRP”) has to be completed in a mandatory time-framed i.e. within a period of 330 days as provided under the Insolvency and Bankruptcy Code, 2016 …

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New Drone Rules, 2021

The Ministry of Civil Aviation has notified the Drone Rules, 2021 which supersede the Unmanned Aircraft System (UAS) Rules, 2021 passed in March 2021. The previous Rules were criticized by academia, startups and various stakeholders as being restrictive and translucent in nature as it involved a large amount of paperwork, required permissions for every take …

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