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Delhi HC Directs Centre To File Report On Steps Taken To Ensure Proper Functioning Of DRTs and DRATs During Pandemic

Delhi High Court has directed the Central Government to submit a status report indicating the steps taken by it for ensuring proper functioning of Debt Recovery Tribunals and Debt Recovery Appellate Tribunals during this present pandemic situation. The Single Bench of Justice Navin Chawla has directed the Ministry of Finance and the Ministry of Information Technology & Electronics to submit status reports within one week. The order has come in a plea seeking additional online links for DRT and DRATs in order to ensure smooth operation of hearings through video conferencing and other virtual operations.

Asia Law Offices advised a major transnational strategic collaboration between its client, UAE-Based Pharmax Pharmaceuticals, and Swiss pharma major Acino Pharmaceuticals.

ALO represented Pharmax in the structuring and closure of entire transaction documents of the significant collaboration.

The collaboration framework extends to licensing, manufacturing, and supply of Acino formulations within the gastroenterology and the cardiovascular space throughout the Middle East and Africa.