Posts

Showing posts with the label Corporate Law

Delhi HC Allows JTNL to Continue Selling ‘ORSL’ Pending FSSAI Review

Image
Introduction The Delhi High Court has permitted JTNL Consumer Health , a subsidiary of Johnson & Johnson , to continue marketing its electrolyte drink under the registered trademark “ORSL” , despite the Food Safety and Standards Authority of India (FSSAI) issuing a ban on the use of the term ‘ORS’ in beverage branding. The High Court order places the FSSAI directive in temporary suspension only with respect to JTNL , until the authority decides on the company’s representation. This interim protection addresses concerns surrounding regulatory compliance, consumer protection, and market impact. Background: FSSAI’s Prohibition on Use of “ORS” On October 14 and 15, 2025 , the FSSAI issued orders directing Food Business Operators (FBOs) to refrain from using the term ORS : In product names On packaging labels In advertisements As part of trademarks The regulator reasoned that electrolyte drinks marketed as “ORS” or similarly named alternatives misled consumers i...

Supreme Court Rules Against Compound Interest in HLV Limited vs PBSAMP Projects Pvt. Ltd.

Image
Background of the Dispute The case arose out of a Memorandum of Understanding (MoU) dated 09.04.2014 between HLV Limited (formerly Hotel Leelaventure Pvt. Ltd.) and PBSAMP Projects Pvt. Ltd. . The agreement related to the sale of land at Banjara Hills, Hyderabad, where PBSAMP paid ₹15.5 crore as advance . When disputes emerged, the MoU was terminated, and arbitration proceedings began.

Supreme Court Restores JSW Steel’s ₹19,700 Crore Resolution Plan for Bhushan Power & Steel

Image
Introduction In a landmark decision, the Supreme Court of India has restored JSW Steel’s ₹19,700 crore resolution plan for Bhushan Power & Steel Ltd (BPSL). The ruling reverses the Court’s own May 2025 verdict that had ordered liquidation of the debt-ridden company, thereby reaffirming the sanctity of India’s Insolvency and Bankruptcy Code (IBC). This judgment brings clarity to one of the most contentious insolvency cases in recent years and ensures stability for lenders, resolution applicants, and the insolvency ecosystem at large. Background: The BPSL Insolvency Bhushan Power & Steel Ltd (BPSL), part of the group of 12 large corporate defaulters identified by the Reserve Bank of India in 2017, defaulted on loans exceeding ₹47,000 crore. Following a competitive bidding process, JSW Steel emerged as the top bidder in 2018, offering ₹19,700 crore. The plan received approval from 97% of lenders, was cleared by the National Company Law Tribunal (NCLT) in 2019, and upheld by ...

National Herald Case: Delhi Court Probes Allegations of Asset Usurpation by Congress Leadership

Image
ED's Allegations on AJL's ₹2,000 Crore Assets In the ongoing hearing of the high-stakes National Herald money laundering case, the Rouse Avenue Court in Delhi has raised crucial questions regarding the alleged misappropriation of Associated Journals Limited’s (AJL) assets worth ₹2,000 crore. The Enforcement Directorate (ED), represented by Additional Solicitor General (ASG) S.V. Raju, has argued that the transfer of AJL to Young Indian—a company allegedly controlled by Congress leaders Sonia Gandhi and Rahul Gandhi—was not a legitimate business transaction but a calculated conspiracy to gain control of valuable real estate assets. ₹90 Crore Loan for ₹2,000 Crore Company: A “Sham Transaction”? The ED contended that the Indian National Congress extended a loan of ₹90.25 crore to AJL, which was financially struggling and unable to repay its dues. In a series of moves that the ED claims are fraudulent, Young Indian was allegedly formed and took over AJL’s massive assets in ex...