Elevation Capital V Limited sold equity shares of One97 Communications Limited (Paytm’s parent company) on the NSE and BSE for a total consideration of Rs.963.6 crore. Cyril Amarchand Mangaldas advised Elevation Capital and its affiliates as legal counsel for the transaction.
Today, On 4th March, The Bombay High Court stayed the order directing the registration of an FIR against former SEBI chief Madhabi Buch and two others. Justice SG Dige granted the relief after they challenged the directive in court. The case involves allegations that prompted legal scrutiny of regulatory decisions. The stay provides temporary relief as the matter undergoes further judicial review.
Zomato faces a tax demand of Rs. 803.4 crore regarding alleged GST non-payment on delivery charges, which includes penalties and interest. The company plans to challenge this order, citing confidence in its legal position. This scrutiny underscores regulatory pressures in the food delivery sector, potentially affecting Zomato’s financial stability.