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SUN PHARMACEUTICALS INDUSTRIES LIMITED V. CIPLA LIMITED

Sun Pharmaceuticals Industries Ltd. v. Cipla Ltd. 2009 (39) PTC 347 (DEL) Facts of the Case: The trade mark ‘THEOBID’ was registered in the name of one Natco Fine Pharmaceuticals Private Limited for medicines. The said trade mark was assigned to the Plaintiff along with its goodwill vide a deed of assignment in 1998. Plaintiff…

Tax Implications on Issuance of Compulsorily Convertible Preference Shares /Convertible Preference Shares

The issuance of Compulsorily Convertible Prefernce Shares (“CCPS“) and Convertible Preference Shares (“CPS“) and conversion thereof can give rise to two kinds of taxing events for the company issuing such shares. First is when the preference shares are simply redeemed either a higher market value or lower market value. Second is when such preference shares…

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Union of India v. Dr. Ravindranath Pradhan

Union of India v. Dr. Ravindranath Pradhan  Writ Appeal No. 109 of 2008 before the Hon’ble High Court of Karnataka at Bangalore Decided on: 29.08.2013 The respondent filed a patent application on 19.06.1992 for a process of preparing slow burning coloured cigarette. Certain objections were raised. The respondent replied to the said objections but due…