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AI Drafter ✕

Generate professional replies to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.

Step 1 – Issue Identification & Review

The AI analyses your query, notice, order, or uploaded documents and identifies the key issues involved.

• Review the issues identified by the AI
• Add, edit, remove, or refine issues as required


Step 2 – Draft Generation

Once you approve the issues, the AI performs issue-wise legal research and prepares a structured draft response.

• Relevant statutory provisions
• Judicial precedents and Supreme Court, High Court and other citations
• Issue-wise legal analysis
• Practical arguments and supporting content
• Professionally structured draft ready for further review.

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        News and Press Release

        Cabinet approves sale of 24% equity holding in Lubrizol India Private Limited by Indian Oil to Lubrizol Corporation, USA

        March 16, 2017

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        Press Information Bureau

        Government of India

        Cabinet Committee on Economic Affairs (CCEA)

        15-March-2017 19:59 IST

        The Cabinet Committee on Economic Affairs, chaired by the Prime Minister ShriNarendra Modi todaygave its in-principle approval topermit Indian Oil Corporation Limited (Indian Oil) to sell its 24% equity in one of its Joint Venture Companies, M/s. Lubrizol India Private Limited (LIPL) to Lubrizol Corporation, USA (LC), the other Joint Venture Partner.

        The sale will enable IOC to have long term association with its joint venture partner and thus LIPL to have access to the latest global additive technologies developed by Lubrizol Corporation, USA.

        *****

        AKT/VBA/SH

        Equity sale approval allows transfer of joint venture stake to partner, enabling long term association and technology access. Cabinet approval authorises Indian Oil Corporation to transfer its minority equity holding in its joint venture company to the existing foreign joint venture partner, permitting the sale of the company's joint venture stake to Lubrizol Corporation and enabling access to the foreign partner's global additive technologies and continuity of the commercial relationship.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Equity sale approval allows transfer of joint venture stake to partner, enabling long term association and technology access.

                                Cabinet approval authorises Indian Oil Corporation to transfer its minority equity holding in its joint venture company to the existing foreign joint venture partner, permitting the sale of the company's joint venture stake to Lubrizol Corporation and enabling access to the foreign partner's global additive technologies and continuity of the commercial relationship.


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