Legally Wired

Chandigarh gallows; SEBI exempts IDBI; Illegal music blocked; TRAI unamused with fine print…

Chandigarh sessions court set to hang Punjab CM assassin who hasn’t asked mercy, initiates contempt against non-complying executioner [ First Post ] SEBI exempts IDBI bank from Takeover Code’s mandatory minority shareholder public-offer in bond to equity conversion, in the interest of capital adequa...

Govt’s tax juGAAR; Ca[S]pitalism; UKLaw: From minimum to abysmal wages; Women divorcers dowered; Katju-isms; Bhandari races Phillipines SC to ICJ…

In Caesar V taxpayer, lawyers and accountants win as GAAR litigation beckons [ The Hindu ] World class govt walks the walk of global monopoly capital, phases out local cable operators by making CAS mandatory [ Kafila ] UK trainee solicitors to be paid less than minimum wage in their first year [ Law...

Vahanvati blames BritRaj; Karnataka HC V Katju; Clifford Chance axes by the dozen; Pak SCBA in India…

Naz rap in SC: Vahanvati concludes blaming 377 on Brit Raj in sexually advanced land evidenced by imaginative heritage sculptures [ Express Buzz ] Karnataka HC CJ Vikramjit Sen questions Katju’s support to journos in Bangalore lawyers V journos [ The Hindu ] Clifford Chance axes 13 out of 1000 Londo...

Katju’s Pakmedia fan club; HC to Kalmadi: quit or be served; Marriage laws amendment bill packs goodies; SEBI ticks with times…

“Courageous” Pakistani media sees new fan in Katju [ IBN Live ] Del HC reinvents show cause notice procedure, asks Kalmadi to ‘gracefully’ quit else be served with notice [ TOI ] Goodies for property-less married women, separating couples and adopted kids in Marriage Laws (amendment) Bill [ India Lo...

Vodafone sees refund; Naz buried as Vahanvati enlightened; NDPS bill casts wider net; Ad breaks TRAI patience?…

Vodafone refunded Rs 2500 crore with four per cent interest by SC; S.E Dastur opines on second review, CBDT on forgoing billion dollar tax [ Mint , ITAT Online , Business Standard ] Naz finally buried as Vahanvati and co “enlightened”; govt argument goof-up also blamed on miscommunication [ Mint ] N...

Vodafone review dismissed; Jalan cure for SEBI; listed loss makers; Advocates untaxed…

SC dismisses last month’s review petition by taxmen against Vodafone [ Indian Express ] [ order ] Vodafone refund IA listed for Friday Inadequate existing rules on ownership of exchanges stand to gain from 16 month old Jalan committee recommendations [ Mint ] SEBI may allow listing of loss-makers, m...

Top Stories: Namfed for Vodafone’s fate?; The B-word; FEMA welcomes foreign VCs; No ban on MP-advocates & more…

NAMFED and others may prove useful precedents to save Vodafone ; finality of decision unaffected by curative legislation [ First Post ] Mad HC invokes Visaka and Sakshi , holds women employees being called ‘bitch’ is sexual harassment, child witnesses must be separated by screen from accused [ TOI ]...

Top Stories: Free/pirated music downloads are history; AMSS Churan V AZB sandwich; Kapadia’s special telecom bench; SC clears encounter, Bhushan doesn’t & more…

Indian Music Industry obtains Cal HC order blocking 104 Indian music websites for piracy Radioreloaded, songsPK, funmaza, and everything else on the list [ Medianama ] Economic Times’ take on law firms: The Amarchand ‘churan’ and AZB ‘sandwich stacks’ compared and contrasted [ ET ] CJI Kapadia sets ...

Top Stories: AIDS, MSMs and Fali; Defamation redefined; ITAT deducts from negative net worth; SEBI confused? & more…

Latest in Naz resurrected: SC is told 4 lakh men who have sex with men are AIDS infected; Fali Nariman holds 377 too stringent for husband-wife relations [ TOI ] Activist booked for defamation for publishing pre-published info against Sharad Pawar’s brother [ Mid-Day ] ITAT Special Bench lets Revenu...

Top Stories: Vodafone-precedent debut; SEBI’s frenemy; CIC review powers; Google, FB’s first of many Del HC picnics & more…

Read the first judgment that follows SC’s Vodafone, by Bom HC’s Chandrachud J [ ITAT Online , Corporate Law Blog ] SEBI targets Veritas in garb of clamping down independent research analysts for prejudicial share trading [ Money Life ] CIC’s review of its own order, RBI’s disclosure of inspection re...

10 Top Stories: Kurian out with Bayer V Natco ; Katju defends journos from porn-assembly; KGB-gate; Budget 2012 bills; DTC post mortem; Takeovers and M&A races & more…

India’s first compulsory licencing order comes in as “Bullet” Kurian goes out [ Spicy IP India ] Katju: It is sordid that journos are proceeded against instead of being commended for filming porn-watching MLAs [ NDTV ] [ Download a copy of Katju’s letter to the Speaker ] Vahanvati submits ex-CJI KGB...

Top Stories: Palkiwala plagiarized?; DTC report; SEBI wants to keep it simple; TRAI invites stakeholder feedback & more…

There exists a Mad HC judgment on copyright infringement by Nani palkiwala of Sampath Iyengar’s book “The Law of Income Tax” [ Tax Titans ] The tax bill that will go easy on individuals, tough on corporations – summarized [ PRS India ] [ Standing Committee Report’ ] SEBI doesn’t want the risk of wha...

Top Stories: Justice Shah on illegal mining; US-India at WTO over poultry ban; Google libel proofed & more…

Former SC justice MB Shah Commission’s report on illegal mining in Goa to be out by May 18; May recommend iron ore export ban, amendments to mineral concessions rules et al [ Mint ] US goes to WTO complaining about India’s unjustified poultry import restriction disguised under the pretext of bird fl...

Top Stories: SEBI catches habitual offenders; Tweeples keeping court diaries; International law of self defense; Rural employment for food security & more…

Size of violator, habitual violation, and minimum consent amount to form part of consent order rules amended by SEBI to check insider trading et al [ ET ] What tweeting from court entails for journalists and, in other news, for jurors and convicts [ Press Gazette , Wall Street Journal ] US Attorney ...

Top Stories: Bhushan winces as SC ‘winks’; Bangalore lawyers V journos; ‘Secured’ FCCBs; Outbound M&A regulations; Yahoo ba-izzat buried & more…

Prashant Bhushan rues SC’s “welcoming wink” and tax authorities’ “benign attitude” to “blatant evasion” of tax; hopes India is not a “banana republic” for “post box companies” et al [ ITAT Online ] Karnataka State Bar Council swears off representing media houses in litigation; lawyers bleed [ Deccan...

Top stories: Adani’s synchronized traders; Blogging costs; cross jurisdictional tax assessments; Drunken drivers pay & more…

SEBI on Adani exports’ insider trading: synchronized trading is illegal when done with an intent to manipulate stock prices [ Indian Corporate Law , Order ] Bloggers are authors not intermediaries, provisions go hand in hand with processes, taking-down content is wiser than being sorry and there are...

Top Stories: ONGC PILed for Cairn, Vedanta; So said Salve; Ingenuous cybercrimes; Yahoo wants a slice in $bn Facebook pie & more…

PIL in SC challenging ONGC letting Rs 1 lakh crore Cairn equity go to Vedanta [ ET ] Salve on Palkivala, laughing aloud in court on baseless matter, arguing for arushi’s parents, Kasab deserving execution and team Jaitley-Salve [ The Week ] US FTC sues Californian LLC for ingenuous cyberfraud by its...

Top stories: CCI’s pricey moods; When is an acquisition not an acquisition?; Ganguly retires (not); CCI fines Hindi film bullies & more…

CCI adds 40-times expense, confusion, stringency to, and subtracts shortest form filing from, last year’s new merger control guidelines; no stakeholder consultation [ Money Control , Corporate Law Blog ] Chidambaram, SC refuse to see ‘acquisition’ in speculative spectrum trading through offloading o...

Top stories: Reasonable Sharma V honest Kapadia; Confusion Confusion; RamJet’s (feeling of) win; Once an Evershed’s always an Evershed’s & more…

Vodafone tax saga: Is Advocate Sharma “reasonable person” or “biased person”? Salve says CJI Kapadia is “honest person” [ Mint ] ASG Malhotra’s 4 hour slamming of immoral AIDS-spreading gay sex Vs. other govt law officer insisting govt has no stand except that Attorney Gen may assist other appellant...

Top stories: Gay abandon; Baba-Babu pay; War against black money; Social-Net working?; Mainstream media celebrates FIFO & more…

Govt doesn’t advocate advocate’s stand: ‘Bring back S.377’, said ASG PP Malhotra in SC, arguing for central govt, uninstructed by govt. [ TOI ] SC to Baba Ramdev and Police: Pay up for Baba supporters’ Ramlila Maidan death and injuries. Disciplinary action follows against all police ranks involved [...