Supreme Court upholds retrospective 28% GST on online money gaming
Online money gaming platforms and offshore operators must provision for retrospective 28% GST on the full face value of player stakes
Mergers & Acquisitions
28 briefs
Federal Reserve approves Columbia conversion and Northfield acquisition
Columbia and Northfield deal teams must close only within the holding-company structure approved by the Federal Reserve
CCI clears Mizuho Securities acquisition of Avendus stake
Investment-banking rivals must reassess positioning post-Mizuho-Avendus deal
RBI approves Emirates NBD acquisition of RBL Bank
Foreign bank to acquire majority stake
RBI approves Emirates NBD takeover of RBL Bank
Majority acquisition triggers open offer
US court halts Nexstar–Tegna integration
Temporary restraining order enforces hold-separate structure
Magnum acquires controlling stake in Kwality Wall’s India
Ownership transfer shifts promoter control
RBI approves Avenir Investment takeover of Sammaan Capital
Transaction awaits final regulatory clearance
UK High Court orders Mike Lynch estate to pay £920m to Hewlett Packard Enterprise
Court ruling forces estate to prioritise creditor payment
Live Law
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India Supreme Court orders joint probe into ADAG insolvency settlements
Court mandates coordinated investigation
SEBI allows AIFs to retain liquidation proceeds beyond fund life
Regulator permits extended wind-down timelines
NCLAT exempts IL&FS entities from CSR spending requirement
Court removes statutory CSR obligation