Enforcement Matters Delhi High Court sets aside the prima facie order passed by the CCI and terminated the proceedings against JCB India and another On 14 August 2024, the Delhi High Court ("DHC") quashed the prima facie order passed by…
Regulatory Updates Master Circular - Guarantees and Co-acceptances The RBI, vide 'Master Circular on Guarantees and Co-acceptances' dated 1 April 2024, consolidated guidelines/ instructions issued to all scheduled commercial banks (excluding payments banks and regional rural banks) till 31 March…
Regulatory Updates Master Circular on Rural, Social Sector and Motor Third Party Obligations, 2024 The Insurance Regulatory and Development Authority of India (“IRDAI”) notified the IRDAI (Rural, Social Sector and Motor Third Party Obligations) Regulations on 20 March 2024 with…
Regulatory Updates Guidelines for monitoring of projects and issuance of Provisional Certificate of Completion/ Completion Certificates In order to address concerns regarding erroneous issuances of provisional certificate of completion ("PCC") and completion certificates ("CC"), the National Highways Authority of India…
Enforcement Matters NCLAT and Delhi High Court decide the quantum of penalty imposed on Godrej and Geep for their participation in a bilateral ancillary battery cartel Godrej and Boyce Manufacturing Co (“Godrej”) and its officials had filed an appeal before…
Regulatory Updates Standard Operating Procedure for recycling of lead scrap/ used acid batteries The Central Pollution Control Board has issueda standard operating procedure, dated 4 January 2024, listing down the requirements for seeking permission for import of lead scrap/ used…
Regulatory Updates Investments in Infrastructure Debt Funds - NBFC The Insurance Regulatory and Development Authority of India ("IRDAI") has, by way of a circular dated 5 January 2024, eased certain regulations on investment by insurance companies in infrastructure debt funds…
Regulatory Updates Review of the NBFC credit/ investment concentration norms In order to ensure uniformity and consistency in computation of concentration norms among Non- Banking Financial Companies ("NBFC"), the Reserve Bank of India has, vide, notification dated 15 January 2024,…
Enforcement Matters Madras High Court upholds the CCI's jurisdiction to decide on Google's payment systems On 19 January 2024, the division bench of the Madras High Court ("MHC") upheld the rejection of various suits that inter-alia challenged aspects of Google's…
Regulatory Updates CERC removes difficulties in implementation of GNA Regulations By its order dated 1 October 2023, Central Electricity Regulatory Authority (“CERC”) has issued clarifications on a few issues for removal of difficulties in implementation of CERC (Connectivity and General…
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