The Supreme Court quashed SEBI and SAT orders against Reliance Industries in the Reliance Petroleum trading case, setting aside allegations of fraudulent market practices, directing refund of Rs 250 crore deposited during proceedings and ending the prolonged legal battle arising from 2007 stock market transactions.
CMS INDUSLAW has been appointed as sole Indian legal counsel to Intellius Recode Limited and Inga Ventures Private Limited for the proposed IPO. The mandate includes advising on regulatory, structuring, and compliance aspects of the offering, with Inga Ventures acting as the book running lead manager for the public issue.