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
Oct 30, 2018

Appellate Tribunal Sets Aside the Penalty Levied by CCI Against AKMN Cylinder

NCLAT on August 20, 2018 set aside a penalty of INR 1 million levied on AKMN Cylinder (P.) Ltd. (‘AKMN’) by CCI for failing to comply with the Office of Director General’s directions. On January 02, 2014, CCI directed the Office of Director General (‘DG’) to carry out a detailed investigation in respect of the allegations against AKMN in accordance with its order issued under the Section 26(1) of the Act. During the course of investigation issued by the DG, AKMN consistently failed to appear despite repeated notices. As a result, CCI initiated suo moto proceedings against AKMN and imposed a penalty of INR 10 lakhs.Taking cognizance of the Appellant’s age and the fact that AKMN’s representative had (i) duly furnished the information requested by the DG on affidavit and no further information was required to be provided; and (ii) tendered an apology to the DG for failing to appear on an earlier occasion, the NCLAT set aside the penalty. 

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

Supreme Court Holds that Application for Extension of Time is Maintainable, Even After Expiry of Arbitral Tribunal’s Mandate

Oct 30, 2024 | Dispute Resolution
Inter Alia

Trademark Orders Passed by Contractual Officers to be Revalidated

Oct 30, 2024 | Intellectual Property
Inter Alia

SEBI Provides Exemptions to University Funds and University Related Endowments Registered as FPIs from Making Additional Disclosures

Oct 30, 2024 | Financial Services Regulatory & Securities