2017-TIOLCORP-06-SEBI

D & A FINANCIAL SERVICES (P) LTD

Whether the merchant banker should have insisted on signed and authenticated minutes of the company supplied to them before including such minutes for disclosure in the red herring prospectus - YES: SEBI

Whether under the principle of 'due diligence', the merchant banker can be expected to look at each and every statement and information provided by the issuer with suspicion - NO: SEBI

Whether the book running lead managers have an obligation to verify the financial's, although the prime obligation of verification vests with the Auditors - YES: SEBI

Case disposed: SECURITIES AND EXCHANGE BOARD OF INDIA

2017-TIOLCORP-27-HC-DEL-IPR

3m Innovative Properties Ltd Vs Venus Safety And Health Pvt Ltd

Whether the suit for permanent injunction can be filed if there is non-existence of major elements in the infringing device - YES: HC

- Appellant's appeal allowed: DELHI HIGH COURT