Driven by excellence, focused on strategies for the longer term.

This is the crux of who we are. It is an articulation of precision in purpose, from the Firm’s beginnings to where we are today. Our collective eye is unerringly trained on tomorrow.

Deep sectoral expertise across services and industries.

Our insistence on strategic advisory exacts an in-depth understanding of and involvement with our clients’ businesses and industries. We engage not just individual businesses, but also contribute to the country’s legal and regulatory frameworks.

Personal commitment supported by experience and grit.

We commit early. We pull together internally for greater support. Every effort is sincere, every individual deeply dedicated to their task, their role, to the Firm.

Our undertakings for long-term impact are an organic extension of our purpose.

They are to employ our deep knowledge of the law beyond the business, the transaction, the deal. To use the opportunities and skills we possess, to reflect on the culture we’re creating. Individually and collectively, these are our efforts to help shape the thinking of our future generations, and arm them with strategies for true, sustainable growth.

Knowledge-sharing is intrinsic to equity and inclusivity.

This is a repository of thought leadership, deep insights and strong viewpoints, legal and other news and events and how they impact the industry and our clients.

Relevance is critical to growth. It necessitates a firm that is dynamic and responsive.

Amplifying intrinsic talent, sharpening skills, expanding knowledge, is vital to leading. It defines every aspect of how our firm functions and transacts. This is how we create new benchmarks and set industry standards.

  • Connect
Apr 28, 2023

NCLAT Clarifies Position on Restoration of Appeals Dismissed for Non-prosecution

As background, S. Kannan (‘Appellant’) had filed an Information before the CCI. Subsequently, the CCI passed an Order under Section 26(2) of the Act, preliminarily closing the matter (‘Impugned Order’). The Appellant preferred an appeal against the Impugned Order before the NCLAT (‘Appeal’). [1]

On November 1, 2022, the NCLAT dismissed the Appeal for non-prosecution. Thereafter, the Appellant filed a restoration application which was dismissed by the NCLAT by its Order dated March 15, 2023 (‘Order’).

The NCLAT in its Order noted that courts generally take a lenient view qua restoration applications. However, the same cannot be claimed as ‘a matter of right’. The NCLAT rejected the restoration application on the basis that no reasons had been provided for non-appearance. On the contrary, it had been averred that the Court was duty bound to allow restoration applications.

[1] Restoration Application No. 04 of 2023 in S. Kannan v. Asian Paints & Ors., CA (AT) No. 47 of 2022.

TAGS

SHARE

Subscribe

DISCLAIMER

These are the views and opinions of the author(s) and do not necessarily reflect the views of the Firm. This article is intended for general information only and does not constitute legal or other advice and you acknowledge that there is no relationship (implied, legal or fiduciary) between you and the author/AZB. AZB does not claim that the article's content or information is accurate, correct or complete, and disclaims all liability for any loss or damage caused through error or omission.

RELATED READING

Inter Alia

Opening of Additional Current Account for Export Proceeds for Category-I AD Banks

Jan 23, 2024 | Private Equity & Venture Capital Regulatory & Securities
Inter Alia

SC Held That Mere Contemplation of Urgent Relief Should Not Be a Guise to Bypass Statutory Pre-Litigation Mediation

Jan 23, 2024 | Dispute Resolution
Inter Alia

Foreign Exchange Management (Manner of Receipt and Payment) Regulations, 2023

Jan 23, 2024 | Financial Services Private Equity & Venture Capital Regulatory & Securities