Author: Legal Parivar

Pharmaceutical giant Cipla Ltd exceeded expectations with its consolidated net profit reaching ₹939.04 crore in the March quarter, marking a 78.64% year-on-year increase due to heightened demand in key markets. Consolidated revenue during the quarter also showed a 7.4% year-on-year increase, totaling ₹6,163.24 crore as per the exchange filing. Although the net profit surpassed Bloomberg’s analyst estimates, revenue fell short of expectations. Analysts had anticipated revenue and profit after tax figures of ₹6,234.30 crore and ₹867.93 crore, respectively. Post-earnings, Cipla shares dropped 1.4% on the National Stock Exchange, closing at ₹1,340.00 apiece on Friday, reflecting market disappointment over revenue figures.…

Section 54 of the Transfer of Property Act, 1882 governs the sale of immovable property, such as buildings, which involves a contract between parties for the transfer of ownership in exchange for a cash price. The contract outlines terms like the timing of ownership transfer, property delivery, and buyer payment. Upon the seller transferring ownership, the sale is completed, often accompanied by the delivery of possession to the buyer. Registration of the sale through a formal instrument is required for tangible immovable property valued at one hundred rupees or more. The definition of “sale” under Section 54 entails a transfer…

Mortgage, as defined under Section 58 of the Transfer of Property Act, 1882, involves the transfer of an interest in immovable property to a creditor as security for the repayment of a debt. The individual transferring the property is referred to as the mortgagor, while the recipient of the interest is termed the mortgagee. Section 58 outlines six types of mortgages, each with distinct rights and liabilities for the involved parties: Additionally, mortgages involving a principal amount of one hundred rupees or more must be executed via a registered instrument, while those below that threshold can be affected by delivery…

The expression Lis Pendens means a pending Litigation. “Lis” means an action or a suit, “Pendens” means continuing or pending. This Doctrine of Lis pendens (Pending Litigations) is embodied in Section 52 of the Transfer of Property Act, 1882. The doctrine of lis pendens is expressed in the maxim ‘ut lite pendente nihil innovateur’ which means nothing new should be introduced during the pendency of a suit. In other words, Doctrine of Lis Pendens may be defined as the jurisdiction, power or control that courts have, during pendency of an action over the property involved therein. Section 52: During the…

On May 10, the Supreme Court is set to announce its verdict on the interim bail plea of Delhi Chief Minister Arvind Kejriwal in connection with a money laundering case linked to the excise policy scam. Kejriwal, who was arrested by the Enforcement Directorate on March 21, is currently held in Tihar Jail under judicial custody. Earlier, on May 7, the apex court reserved its order on Kejriwal’s bail plea, expressing concerns over him resuming official duties if granted interim bail. The court emphasized that Kejriwal should refrain from carrying out any governmental responsibilities if released temporarily. During the hearing,…

The Directorate General of Civil Aviation (DGCA) is reportedly moving to permanently revoke Go First’s domestic airport slots and international flying rights, indicating potential obstacles for the troubled airline’s revival. According to industry insiders, Go First, which has been grounded for a year now, risks losing its slots under Slot Allocation Guidelines, 2013, as it hasn’t utilized any airport slots in the past year. A senior government official stated that as per regulations, airlines can claim a right to slots if they comply with annual slot adherence norms, running at least 80% of their committed departures. However, since Go First…

In bulk deals, Bharti Enterprises divested 38.5 lakh ICICI Lombard General Insurance shares at an average price of Rs 1,722.5 each, amounting to Rs 663 crore. Conversely, various entities including Axis Mutual Fund, Aditya Birla Sun Life MF, Invesco MF, Morgan Stanley Asia Singapore, Societe Generale, Goldman Sachs Singapore, and Blackstone Aqua Master Sub-Fund acquired shares of the Mumbai-based insurer. ICICI Lombard shares closed 3.63 percent lower at Rs 1,660 on May 9. In other transactions, investor Seetha Kumari purchased 78,454 shares of Nilkamal Limited at an average price of Rs 1,870.2 per share, totaling Rs 14.67 crore. The stock…

The F&O sector has placed a ban on certain stocks, including Zee Entertainment, Balrampur Chini Mills, Canara Bank, Steel Authority of India (SAIL), Vodafone Idea, GMR Infrastructure, PNB, Aditya Birla Fashion and Retail Limited (ABFRL), and PEL, as they have exceeded 95% of the market-wide position limit (MWPL). This ban is only lifted if the open interest falls below 80%. Regarding technical analysis: Potential new entrants to the ban list include India Cements, Coforge, LIC Housing Finance, Hindustan Copper, IDFC First Bank, Birlasoft, Bandhan Bank, Manappuram, and GNFC, as these stocks are approaching the 95% MWPL. In terms of technicals…

Stocks in Focus:

In today’s economic climate, many individuals find themselves navigating financial challenges with limited resources. Whether you’re facing a tight budget due to a temporary setback or are simply looking to build savings while living within your means, effective money management strategies can make a significant difference. Here are ten practical tips to help you manage your finances and save money, even when funds are tight: By implementing these ten strategies, you can effectively manage your finances and save money even when working with a tight budget. Remember that small changes can lead to significant long-term financial gains, so stay focused…