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Delay In Constituting NCLAT Chennai May Amount To Contempt Of Supreme Court’s Direction: Madras High Court

The Madras High Court on Monday observed that the delay in establishing a Bench of NCLAT in Chennai may amount to contempt of the Supreme Court’s direction in the Swiss Ribbons case to establish circuit Benches of the Tribunal. A Division bench comprising of Justice M. Sathyanarayanan and Justice P. Rajamanickam directed the Additional Solicitor General of India to seek instructions in the matter and file a counter affidavit.

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.