This article discusses a Delhi High Court case involving Ambuja Cements Limited, which challenged the imposition of stamp duty on a merger order under the Indian Stamp Act. The court examined the applicability of an exemption provided under the 1937 Notification, which exempts certain mergers between subsidiaries of a common parent company from stamp duty. The court upheld the exemption, providing clarity on the continued applicability of historical exemptions in corporate restructuring, particularly for closely held corporate groups.

In addition to our previous article, which discussed the procedures for initiating and serving claims within the ADGM, both within the UAE and internationally, this article further outlines the process of answering a claim in the Abu Dhabi Global Market (ADGM) Courts. It details the steps for defendants to admit, defend, counterclaim, or dispute the court's jurisdiction. The article also covers various procedural aspects, including timeframes for filing defenses, requests for time to pay, and options for default or summary judgment. The ADGM Courts offer a structured and transparent approach to dispute resolution across its Commercial, Employment, and Small Claims Divisions, ensuring clear guidelines for all parties involved.

This article discusses the Abu Dhabi Global Market (ADGM) and its legal framework, focusing on the operation of the ADGM Courts, which were established in 2016. It outlines the structure, jurisdiction, and divisions of the courts, including the Court of First Instance and Court of Appeal. The article also highlights the procedures for initiating and serving claims within the ADGM, both within the UAE and internationally. It also emphasizes the procedural fairness and efficiency offered by the ADGM Courts in resolving commercial, civil, and employment disputes.