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Legal & Regulatory

SC Issues Notice, Stays Bombay HC Order in Dream11 Betting & GST Evasion Case

A three-judge bench of the Supreme Court, comprising of Chief Justice SA Bobde and Justices BR Gavai and Surya Kant issued notice to Dream11, Union of India and social activist Gurdeep Singh Sachar in an appeal filed by the state of Maharashtra as per a report in ETPrime today. While hearing the Special Leave Petition […]

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Legal & Regulatory

Haryana Consumer Court Imposes Rs. 2 Lakhs Damages on Dream11, Holds it Guilty of Malpractice

The District Consumer Disputes Redressal Forum of Kaithal, Haryana held online fantasy sports website Dream11 liable for malpractice and imposed damages of Rs. 2 lakhs on it for non-fulfillment of its commitment of giving free contest tickets to the winner of the consumer. The Kaithal Consumer forum passed the order on 25th February, 2020 while […]

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Legal & Regulatory

Rajasthan HC Reiterates that Dream11 is a Game of Skill

A division bench of the Rajasthan High Court in an order given last week, reiterated the earlier pronouncements of the Punjab & Haryana and Bombay High Courts that ruled fantasy sports to be games of skill and consequently falling outside the ambit of gambling/betting legislations. The division bench comprising of Chief Justice Indrajit Mohanty and […]

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Legal & Regulatory

Legal Heavyweights Battle it out in Dream11 GST Evasion case

The Bombay High Court has adjourned the hearing in a review petition filed by the central government on the manner of payment of Goods and Services Tax (GST) by Dream11 to 19th March, 2020. A division bench of the Bombay High Court comprising of Justices Ranjit More and Bharati Dangre was earlier supposed to hear […]

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Legal & Regulatory

SC Dismisses Gurdeep Sachar’s Clarification Application in Dream11 GST matter

A Supreme Court bench of Justices Rohinton F. Nariman and S. Ravindra Bhat on Friday dismissed a clarification application filed by advocate Gurdeep Singh Sachar, which had urged the apex court to allow the issue of whether the fantasy games offered by Dream11 amounts to gambling/betting can be reviewed in the Bombay High Court for […]

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Legal & Regulatory

Gurdeep Sachar moves SC seeking Clarification on Dream11 GST matter, Centre battles it out in HC

Mumbai-based advocate Gurdeep Singh Sachar, who had unsuccessfully filed a Public Interest Litigation (PIL) and Supreme Court appeal against Dream11, has once again moved the apex court seeking clarification on the scope of its order dated 13th December, 2019. Sachar in his application for clarification has stated that while dismissing the order, the Supreme Court […]

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Business

Dream11 Likely to Raise $500 Million in a Funding Round Led by Tiger Global

Dream11, India‚Äôs first gaming unicorn, is looking at raising $500 million in a funding round that is likely to be led by Tiger Global Management, a New York-based startup investor that is actively investing in India. Tiger Global Management is likely to lead the funding round for Dream11 at a valuation of $2.5 billion, as […]

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Legal & Regulatory

Another PIL against Dream11 pending in Bombay HC

Although the Bombay High Court dismissed a petition alleging that leading fantasy sports operator Dream11 was involved in gambling and Goods and Services Tax (GST) evasion on 30th April, 2019, another PIL filed against the central and state government, Dream11 and its founder directors Harsh Jain and Bhavit Sheth has been pending since 5th April, […]

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Legal & Regulatory

SC Dismisses all GST Evasion and Gambling Appeals filed against Dream11, Centre can approach HC again

A division bench of the Supreme Court comprising Justices Rohinton Nariman and S. Ravindra Bhat today dismissed Special Leave Petitions filed by lawyer Gurdeep Singh Sachar, Department of Revenue, Union of India and State of Maharashtra against a Bombay High Court order dated 30th April, 2019 in Gurdeep Singh Sachar v. Union of India & […]

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Legal & Regulatory

One SLP against Dream11’s Bombay HC order dismissed, 2 more pending in SC

Three Special Leave Petitions (SLPs) have been filed in the Supreme Court against the April 2019 order of the Bombay High Court holding Dream11 to be a game of skill and approving the company’s manner of payment of Goods and Services Tax (GST). Through its order, the division bench of the Bombay High Court comprising […]