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Jurisdiction Of Principal Bench Of GST Appellate Tribunal: Statutory Framework And Early Judicial Signals
The Goods and Services Tax Appellate Tribunal's Principal Bench has begun operations, but jurisdictional boundaries between it and State Benches remain unclear. Recent contradictory orders reveal uncertainty about when the Principal Bench can hear appeals that don't fall within its statutorily designated categories, raising critical questions for taxpayers seeking timely appellate remedies.
India Tax
LS
Lakshmikumaran & Sridharan
Article
IPO Readiness For PE-Backed Companies: Alignment Issues Between Founders And Investors
When a private equity-backed company prepares for an IPO, founders and investors face critical alignment challenges around governance rights, exit mechanisms, and regulatory compliance. The transition from private to public markets fundamentally restructures board composition, shareholder protections, and decision-making authority, creating friction between contractual obligations and SEBI's transparency requirements. Understanding how to navigate these competing interests while maintaining business continu
India Commercial
AA
Agama Law Associates
Article
CCI Finds 17 Assam Contractors Guilty Of Bid-Rigging But Does Not Impose Penalties
The Competition Commission of India has found 17 electrical contractors guilty of bid rigging in 73 tenders floated by the Assam Police Housing Corporation Limited, establishing collusion through cover bidding and bid rotation arrangements. Despite conclusive evidence of cartelization including identical bid prices, replicated errors, and coordinated communications, the CCI opted against imposing financial penalties due to the small scale of the businesses involved, though it issued a stern warning against
India Anti-trust
AP
AZB & Partners
Article
CCI Dismisses Excessive Pricing Allegations Against Delhi’s Max Hospital
After a decade-long investigation into allegations of anti-competitive practices in Delhi's hospital sector, India's Competition Commission has delivered a landmark ruling on aftermarket abuse and excessive pricing. The case, which began with complaints about disposable syringe markups at Max Super Specialty Hospital, evolved into a comprehensive examination of pricing practices across 12 super specialty hospitals, ultimately establishing critical precedents for defining healthcare aftermarkets and applying
India Anti-trust
AP
AZB & Partners
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