Cyril Amarchand Mangaldas

The Central Consumer Protection Authority (CCPA) issued the Guidelines for Prevention and Regulation of Greenwashing or Misleading Environmental Claims, 2024 (Guidelines) on 15-10-2024. Our Senior Director – ESG Bose Varghese, Principal Associate Pooja Kapadia and Associate Chelsea Sawlani in their article published in SCC Online discuss key provisions of the Guidelines and dos and don’ts for making environmental claims in advertising. Read it at: https://lnkd.in/gVtxhFWx #Advertising #SustainableProducts #ESG #MisleadingEnvironmentalClaims #Greenwashing

Telangana Real Estate Regulatory Authority (RERA) recently passed a judgement ordering a builder to refund the advance money fully. This is because the RERA authority found that the builder drafted a one-sided agreement and also did not sign the sale agreement despite taking about 20% of the money in advance. Our Partner Abhilash Pillai share his views on this in an article published by The Economic Times. Read it at: https://lnkd.in/gzQ6ECzm #RERA #RealEstate #SaleAgreement #TelanganaRERA

CAM Blog: The latest post on our blog by Vikash Kumar Jha and Ena Kapur is on “Timeline to follow under Section 9(2) of the Arbitration and Conciliation Act 1996” Read it at: https://lnkd.in/dq4xeiiN #ArbitrationAct #DisputeResolution #ArbitralTribunal #BlogsbyCAM

On 19 November, ANI moved a copyright infringement lawsuit against OpenAl, accusing the company of using its copyrighted material to train its language models. Our Partner (Head – Intellectual Property) Swati Sharma shares her views on this in an article published by Mint. Read it at: https://lnkd.in/dqGFh7_i #AI #IntellectualProperty #OpenAl #CopyrightInfringement

We advised the Book Running Lead Managers as their legal counsel as to the Indian law on the Initial Public Offering (“IPO”) of ACME Solar Holdings Limited of 100,381,678 equity shares of face value ₹ 2 each (“Equity Share”) of the Company aggregating to ₹29,000.00 million (the “Offer”) comprising of a fresh issue of 82,907,630 equity shares of face value ₹ 2 aggregating to ₹23,950.00 million by the Company (“Fresh Issue”) and an offer for sale of 17,474,048 equity shares of face value ₹ 2 aggregating to ₹5,050.00 million (“Offer for Sale”) by the Selling Shareholders. The Offer opened on November 6, 2024, closed on November 8, 2024, and was oversubscribed by 2.75 times with qualified institutional buyers’ portion and retail portion being oversubscribed by 3.54 times and 3.10 times, respectively. The book running lead managers to the Offer were Nuvama Wealth Management Limited, ICICI Securities Limited, JM Financial Ltd, KOTAK MAHINDRA CAPITAL COMPANY LIMITED, and Motilal Oswal Investment Advisors Limited. The transaction team comprised of Vishal Yaduvanshi, Puneet Passi, Medhashree Verma, Rishi Nandkeolyar, Aniruddh Saraswat, Arjun Badola, Arnab Roy, Ritvik Maheshwari and Abhinav Singh Chauhan. #ACMESolarIPO #CapitalMarkets #EquityShare #RenewableEnergy #DealUpdate

Read the latest regulatory updates on IFSC GIFT City in the latest edition of our newsletter. #IFSCA #ESG #greenwashing #GIFTCity

We advised Tata Communications Limited and its wholly owned subsidiary Tata Communications Payment Solutions Limited (TCPSL), on the 100% sale of TCPSL, an entity regulated by the Reserve Bank of India (“RBI”), holding a White Label ATM license, to TSI - Transaction Services International (India) Private Limited, a subsidiary of Findi Limited (Australia) (listed on ASX). The acquisition is subject to approval from the RBI and completion of customary conditions. Transaction Team: Anu Tiwari, Lakshmi Prakash, Uttkarsh Bhatnagar, Jemima Chelliah, Maria Grisha Borges, Neville Tata. Swati Sharma advised on Intellectual Property related aspects of the transaction. Bipluv Jhingan advised on Tax related aspects of the transaction. Details at: https://lnkd.in/ddDfwHzu #TataCommunications #TCPSL #MergersandAcquisitions #DealUpdate

When one of the most notable carriers in the aviation industry went down earlier this month, the highest court of the land was witness to an ‘eye opener’ as to how insolvency cases are handled in this country. Our Partner Madhav V. Kanoria shares his views on this in an article published by NDTV Profit. Read it at: https://lnkd.in/dc-YjVFg #IBC #InsolvencyandBankruptcy #AviationSector

CAM Blog: The latest post on our blog by Vikash Kumar Jha and Namrata Sadhnani is on “Decoding Supreme Court’s Landmark Decision on ‘Seat’ vs. ‘Venue’ in Arbitration” Read it at: https://lnkd.in/dQuHizgw #ArbitrationAgreement #ConsumerDistributorshipAgreement #DisputeResolution #BlogsbyCAM

To strengthen the regulatory framework governing ‘monitoring committees’ under the Insolvency and Bankruptcy Code (IBC), the Insolvency and Bankruptcy Board of India (IBBI) has proposed to make their constitution “mandatory” for implementation of all resolution plans. Our Partner Madhav V. Kanoria shares his views on this in an article published by Financial Express (India). Read it at: https://lnkd.in/gAeJGYdp #IBC #IBBI #InsolvencyandBankruptcy #BankingSector #InsolvencyResolutionPlans