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The event was sponsored by another Bengali company Nalanda Learning and Little Laurette
# Make Bengal Relevant and # Resurrgent Bengal the two initiatives of Friends of Bengal Foundation took a big step to organise a Invest & Dine meet for young entrepreneurs from Bengal to showcase their projects on 17th May 2024 at De Sovarani Hotel in Salt lake which belongs to young lady Entrepreneur Kamalini Paul.

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We are happy to share glimpses of some of our engagements in the area of Sports Law practice.
We are happy to share glimpses of some of our engagements in the area of Sports Law practice. On the international front our lawyer Sanjeev Kumar has provided expert legal support as sole legal advisor to St. Kitts & Nevis Patriots, one of the participating teams in the Caribbean Premier League (CPL). He is seen here with H.E. Dickon Mitchell, Hon’ble Prime Minister of Grenada and Mr. Mahesh Ramani, Owner of St. Kitts & Nevis Patriots.

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The Ministry of Corporate Affairs (MCA) has issued a Notice
The Ministry of Corporate Affairs (MCA) has issued a notice inviting comments from all stakeholders on the review of rules prescribed under the Insolvency and Bankruptcy Code, 2016. The MCA has now initiated a comprehensive review pertaining to the following rules:

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Market regulator, Securities and Exchange Board of India (SEBI)
Market regulator, Securities and Exchange Board of India (SEBI), has now allowed Foreign Portfolio Investors (FPIs) based out of International Financial Services Centres (IFSC),GIFT City, to accept 100 percent contribution from Non-Resident Indians, Persons of Indian Origin and Resident Indians. In addition, SEBI has also approved a new option of transition to an alternative investment fund (AIF) structure by venture capital funds registered under the erstwhile SEBI (VC Regulations), 1996.

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Investing in India (Regulations and Incentives) 2022-2023
The Indian automobile sector is becoming increasingly quality-conscious and for the past several years, the growth curve of India’s automobile sector has been on the rise. The total number of automobiles produced in India during the fiscal year 2023 was approximately 25.93 million units (Source: Statista), an increase over the previous year.

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PSBs Cannot Issue Look Out Circulars Rules Bombay High Court
In a case titled Viraj Shah v. Union of India & Ors. the Bombay High Court has held that public sector banks (PSBs) are not empowered to issue Look Out Circulars (LOCs) against Indian citizens and foreigners under a office memoranda (OM) issued by the Central government.

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Corporate lawyers are now attending magistrate courts
Like no other time in legal history, corporate lawyers are now attending magistrate courts because of numerous raids being conducted by Enforcement Directorate (ED) and slapping of cases under the Prevention of Money Laundering Act (PMLA), said Orissa High Court former Chief Justice S. Muralidhar in Chennai on Saturday, as reported by The Hindu and published in given Link.

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Government of India Amends FDI Policy in Space Sector
The Ministry of Commerce & Industry, Government of India has reviewed the Foreign Direct Investment (FDI) Policy on Space Sector by bringing in amendments to the Consolidated FDI Policy Circular of 2020. The notification now allows 100% FDI under automatic route in the category of manufacturing components and systems/ sub-systems for satellites, ground segment and user segment.

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Supreme Court of India judgment underscores need to fight climate change
The Supreme Court in a recent case highlighted the need to articulate the right available against the adverse effects of climate change. Terming it as a distinct right which is recognized by Articles 14 and 21 of the Constitution the court noted that right against the adverse effects of climate change and the right to a clean environment are two sides of the same coin.

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Delhi High Court upholds Anti-Profiteering Provisions
The Delhi High Court recently determined the issues of constitutional validity of Section 171 of the Central Good and Services Tax Act, 2017 as well as legality of the notices proposing imposition or orders imposing penalty issued by the National Anti-Profiteering Authority (‘NAA’) under Section 122 of the Act, 2017 read with the relevant rules.

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EU Digital Markets Act now enforceable on Internet Gatekeepers
Major internet companies are now required to comply with the European Union Digital Markets Act. The designated companies under the DMA are Alphabet, Amazon, Apple, ByteDance, Meta and Microsoft. These companies shall be subject to the DMA for their core platform services. The DMA imposes restrictions including processing user data for targeted advertisement without people’s consent, a major step recognizing user choice. A key feature of the DMA is Data portability and interoperability thus bringing in fair competition in the online space.

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FoxMandal Supports Indian Qualifying Rounds of the Philip C. Jessup Moot Court Competition, 2024
FoxMandal is happy to officially support the Indian Qualifying Rounds of the Philip C. Jessup Moot Court Competition, 2024 jointly hosted by The International Law Students Association (ILSA) and Amity Law School, Noida. As always, the firm encourages law students to explore their full potential in the pursuit of legal excellence and reach their desired goal.
This year’s moot problem provided a challenge to legal minds to navigate the complexities of international law, environmental regulations, and the protection of human rights and prompts participants to grapple with intricate questions of governance, ethics, and responsibility.
We congratulate all participants of the India round of the Jessup Moot Court Competition and thank Ms. Mamta Tiwari, who heads the international arbitration and disputes resolution practice of the firm and who had successfully represented Steel Authority of India Limited (SAIL) in the first ever International arbitration initiated by an Indian Public Sector Undertaking (PSU), for accepting the invite to adjudicate as a Judge in the competition.

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Team FoxMandal act for and advise in Mahadev betting app case
With our strong practice and presence in cases and matters arising out of various issues relating to PMLA Act, Extradition, Fraud, Money Laundering etc pursued by investigation agencies in India, the FoxMandal team has provided legal support in the more than Rs 5,000 cr Mahadev betting app case.
The team acted for and advised in relation to summons issued by the Enforcement Directorate at Chhattisgarh alleging various activities including illegal financial gains by certain individuals in the Mahadev app-linked money laundering case.
As a full service law firm we continue to provide expert legal support in all matters relating to Enforcement Directorate, Central Bureau of Investigation, National Investigation Agency and Serious Fraud Investigation Office.

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We are honoured and privileged to have been part of the historic Ayodhya land.

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Supreme Court Decides on Set-of claim under section 25 IBC
The Supreme Court has recently examined the right to claim set-off in the Corporate Insolvency Resolution Process (CIRP), when the Resolution Professional (RP) proceeds in terms of clause (a) to sub-section (2) of Section 25 of the Insolvency and Bankruptcy Code, 2016 to take custody and control of all the assets of the corporate debtor.