DSK Legal advised Ceres Foods Private Limited and its founder Deb Shankar Mukherjee on a major institutional fund raise. The transaction supports the expansion of MOI SOI, the rapidly growing pan-Asian food and beverage brand, and strengthens its future growth plans.
CMS INDUSLAW advised Anveshan on its Rs.150 crore Series B fundraise led by Vertex Ventures and IFC Co-Invest, with participation from Swiggy co-founder Sriharsha Majety and existing investors. The funding round marks a significant milestone for Anveshan Farm Technologies, attracting strong investor interest and supporting the company’s future growth and expansion plans.
The Bombay High Court granted industrialist Anil Ambani interim protection from prosecution and penalties in a tax-evasion case while admitting his petition challenging provisions of the Black Money Act. Ambani contends that certain provisions of the law are unconstitutional and violate the Constitution of India.
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.
The Lucknow Bench of the Allahabad High Court quashed criminal proceedings and summons issued against Wipro chairman Azim Premji and senior company officials in an alleged labour law violation case linked to the company’s Ghaziabad office, while allowing their petition challenging the prosecution proceedings.
A Singapore court sentenced Byju’s founder Byju Raveendran to six months’ imprisonment for contempt over alleged non-compliance with disclosure orders, while directing payment of legal costs and ownership documents, though Raveendran denied wrongdoing, described the ruling as procedural and announced plans to appeal against it.
The Supreme Court refused to entertain a plea challenging rules barring retired NCLT and NCLAT members from practising before these tribunals after retirement, while hearing former NCLAT technical member Vijai Pratap Singh’s challenge against restrictions preventing former members from appearing as advocates or consultants.
