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​Update from Managing Partner

I) ​​“Section 125 CrPC was incorporated in order to avoid vagrancy and destitution for a wife/minor children/old age parents, and the same has now been extended by judicial interpretation to partners of a live-in relationship.”
The Punjab and Haryana High Court in Ajay Bhardwaj vs. Jyotsana and others, has dealt with the status and rights of a woman in a live-in relationship.
A bench comprising Justice Jaishree Thakur determined the question whether Jyotsana would be entitled to maintenance under Section 125 CrPC on account of live-in relationship, not being a wife.

​II) The Orissa High Court in Vinay Gupta vs. Saveri Nayak, has dealt with whether passing of an ex parte interim order regarding custody of their child in favour of the opposite party was permissible under Section 23(2) of the PWDV Act or not.

The bench comprising Justice S K Sahoo dealt with the important question of whether the Magistrate was competent to pass ex parte order of interim custody of girl child or not. The court held that: “In view of the conjoint reading of Section 21 and section 23(2) of the P.W.D.V. Act, it is very clear that the Magistrate is empowered to pass an ex parte order in granting interim/temporary custody of any child or children to the aggrieved party even basing on the affidavit filed by such aggrieved party without notice to the respondent.”

III)Next Education acquires Xolvr Hyderabad-based learning solutions provider Next Education has acqui-hired Gurgaon-based education technology startup Xolvr, for an undisclosed amount.

IV) Diagnostics services provider CORE Diagnostics to raise $12 million from Eight Roads Ventures,US-based F-Prime Capital Partners and existing investor Artiman Ventures.

v) Delhi-based financial technology platform India Lends has raised $4 million (Rs 26.6 crore) in Series A round of funding led by American Express Ventures, the corporate venture investment arm of American Express Co., according to a press release

vi)Competition Act : Where Sub-Licence Agreement (SLA) between informant and OPs was in force even after 20-5-2009 i.e. date from which sections 3 and 4 came into existence, there was no bar in examining SLA under provisions of Act.  COMPETITION COMMISSION OF INDIA, Amar Biotech Ltd.v.Mahyco Monsanto Biotech (India) Ltd.

vii) HIGH COURT OF BOMBAY, Commissioner of Income-tax-16, Mumbai v. D. Chetan & Co.*
Forward contracts for hedging in forex wasn't speculative when it was made in normal course of business


December 02, 2016

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