Sansa Law Desk

Corporate fraud in India has grown in both scale and sophistication. From financial statement manipulation to fund diversion and related party abuse, fraudulent schemes demand rigorous investigation. A forensic audit is the cornerstone of such investigations, combining accounting expertise, legal knowledge, and investigative technique to uncover fraud, quantify losses, and produce evidence that stands up in court. This guide provides a step-by-step framework for conducting fo

Introduction: Why Trademark Coexistence Agreements Matter Not every trademark dispute needs to end in litigation. When two businesses operate under similar marks but serve different markets, geographies, or product categories, a trademark coexistence agreement offers a practical, commercially sensible alternative to costly and protracted legal battles. A coexistence agreement is a legally binding contract between two trademark owners who agree to use similar (or even identica

On August 20, 2026, the Supreme Court of India (Justice Vikram Nath and Justice Prasanna B. Varale) dismissed the Revenue's review petition challenging the Delhi High Court's landmark ruling that telecom towers qualify as "plant and machinery" for the purposes of Input Tax Credit (ITC) under GST. The ruling, which quashed a tax demand of Rs 5,454.6 crore covering FY18 to FY24, has opened the door for infrastructure intensive businesses across India to reclaim substantial ITC

In a significant development for India's pharmaceutical patent landscape, the Delhi High Court has directed Sun Pharmaceutical Industries Limited to seek prior court approval before commercially launching generic semaglutide tablets. The order, passed by Justice Anup Jairam Bhambhani, comes in the wake of a patent infringement petition filed by Danish pharmaceutical major Novo Nordisk, which holds a formulation patent covering oral semaglutide tablets marketed under the brand

Introduction In a decisive ruling that brings finality to one of the most contentious disputes in the Goods and Services Tax (GST) regime, the Supreme Court of India has dismissed the Centre's review petitions challenging the eligibility of telecom companies to claim Input Tax Credit (ITC) on mobile telecommunication towers. The order, delivered on August 19, 2026, by the Bench of Justices Vikram Nath and Prasanna B. Varale, reaffirms the position that telecom towers qualify

India's film industry produces over 1,500 films annually, making it one of the world's most prolific entertainment markets. Behind every production lies a complex web of financing arrangements that determine how capital is raised, deployed, and recouped. A well-structured film production financing agreement is essential for protecting the interests of producers, investors, lenders, and creative talent alike. This guide provides a comprehensive framework for structuring film p

Introduction The Reserve Bank of India (RBI) has issued a set of Governance Amendment Directions dated July 14, 2026, fundamentally restructuring the framework governing matters that banks must place before their Boards of Directors. Effective from October 1, 2026, these Directions apply across Commercial Banks, Small Finance Banks (SFBs), Payments Banks, and Local Area Banks (LABs). The amendments carry the statutory authority of Section 35A of the Banking Regulation Act, 19

Introduction In a significant ruling reinforcing the protection of well-known trademarks in India, the Delhi High Court has granted an ex-parte ad-interim injunction restraining a hotel operator from using the name "Hotel Jerome's Holiday Inn" or any deceptively similar mark. The order, passed in a suit filed by Six Continents Hotels, Inc., the registered proprietor of the globally recognized "Holiday Inn" trademark, underscores the judiciary's commitment to safeguarding esta

In a significant ruling with far-reaching implications for the Indian film and entertainment industry, the National Company Law Tribunal (NCLT), Mumbai Bench, has admitted Reliance Entertainment Studios Private Limited into the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016 (IBC). The order, dated August 19, 2026, was passed by a bench comprising Judicial Member Nilesh Sharma and Technical Member Sameer Kakar, on a petition filed

The Karnataka High Court, in a ruling reported on August 20, 2026, has held that the overriding effect of the Insolvency and Bankruptcy Code, 2016 (IBC) under Section 238 does not automatically bar the continuation or initiation of proceedings under other statutes. The judgment clarifies an important boundary of the IBC's non obstante clause, holding that the overriding effect operates only to the extent of actual inconsistency between the IBC and the other law in question, a

The National Company Law Tribunal (NCLT), Kolkata Bench, in an order dated August 10, 2026, admitted Oscorp Industries Private Limited, a Howrah based railway wagon rebuilder, into the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016 (IBC). The bench of Labh Singh, Member (Judicial), and Rekha Kantilal Shah, Member (Technical), passed the order in C.P. (I.B.) No. 126/KB/2025 on a Section 7 petition filed by Gurgaon based Stemztech

The Bombay High Court, in a judgment delivered on August 20, 2026, has upheld the power of the Insolvency and Bankruptcy Board of India (IBBI) to levy a 0.25 percent regulatory fee on the realisable value of approved resolution plans under the Insolvency and Bankruptcy Code, 2016 (IBC). A division bench of Justices Manish Pitale and Shreeram V. Shirsat dismissed a batch of writ petitions in Hazel Mercantile Limited and Others v. Insolvency and Bankruptcy Board of India and Ot

Every listed entity in India must formulate a policy governing related party transactions (RPTs) as mandated by Regulation 23(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR). The policy defines what constitutes a related party, sets materiality thresholds, prescribes the approval mechanism through the audit committee and shareholders, and establishes ongoing monitoring and disclosure requirements

The Ministry of Corporate Affairs (MCA), on May 27, 2026, notified the Companies (Corporate Social Responsibility Policy) Amendment Rules, 2026, introducing significant changes to how companies may discharge their CSR obligations under Section 135 of the Companies Act, 2013. The most notable change is the introduction of a new Rule 4A, which for the first time permits companies to route a portion of their CSR expenditure through the Social Stock Exchange (SSE) ecosystem by su

Internal Financial Controls (IFC) testing is a statutory obligation embedded in the Companies Act, 2013 through two key provisions. Section 134(5)(e) requires the board of directors to confirm in the Board Report that they have laid down internal financial controls and that such controls are adequate and operating effectively. Section 143(3)(i) requires the statutory auditor to report on whether the company has adequate internal financial controls with reference to financial