Tags : Credit information company, foreign investment
UBS AG no longer a banking company(19.05.2016)
The Reserve Bank of India notified USB AG, the Swiss multinational financial services firm, to have ceased being a ‘banking company’ under the Banking.....
Tags : Ubs, swiss, banking company, banking act
Special Court provisions in Companies Act now in force(18.05.2016)
The Ministry of Corporate Affairs notified 18 May 2016 as the date on which Sections 2(29)(iv), 435 to 438 and 440 of the Companies Act 2013 came into.....
Tags : Special court, companies act, 2016
Pending Companies Act Matters to be Transferred to NCLT(12.12.2016)
MCA has issued a notification stating that pending proceedings under the Companies Act with a few exceptions shall be transferred from the district an.....
Tags : NCLT, Pending Companies Act matters
UIDAI: PAN–Aadhaar Linking Not applicable to NRIs, PIOs, OCIs(21.11.2017)
Unique Identification Authority of India (UIDAI) has clarified that PAN – Aadhaar linking is not applicable to Non-Resident Indians (NRIs), Person of .....
Tags : UIDAI, PAN, Aadhaar
Honeypreet Played a Key Role in Panchkula Violence After Dera Chief's Conviction, Says Chargesheet(29.11.2017)
Honeypreet Played a Key Role in Panchkula Violence After Dera Chief's Conviction, Says Chargesheet
Tags : The chargesheet, accessed by CNN-News18, says Honeypreet played a major role before and during the riots that occurred in the aftermath of the verdict by a special CBI court in Panchkula on August 25, killing over 40 people.
Converting Company to LLP is a ‘Transfer’: ITAT(07.12.2018)
Income Tax Appellate Tribunal (ITAT) has held that the conversion of a company into an LLP constitutes a “transfer” for the purpose of the Income Tax .....
Tags : ITAT, Converting Company to LLP
Central Information Commission: ED can Withhold Names of Tax Evaders in Panama Papers(10.10.2019)
Central Information Commission has ruled that the names of alleged tax evaders appearing in the Panama Papers leak can be withheld by the Enforcement .....
Tags : Central Information Commission, Panama Papers
Calcutta HC Declares Bengal Pandals No-Entry Zones for Visitors(19.10.2020)
Calcutta High Court has ordered that Durga Puja celebrations will be regulated in West Bengal in view of the Covid-19 pandemic. The Court has further .....
Tags : Calcutta High Court, Durga Puja Pandals
Restrictions on Promoters and Whole-Time Directors of Compulsorily Delisted Companies Pending Fulfillment of Exit Offers to the Shareholders(07.09.2016)
In terms of section 21A of the Securities Contracts (Regulation) Act, 1956 (SCR Act) read with rule 21 of the Securities Contracts (Regulation) Rules,.....
Tags : Restrictions, Promoters, Delisted Companies, Investors interest, Protection
SC Seeks Response on Impleadment of SEBI in Panama Papers Case(25.11.2016)
Supreme Court has sought response on plea of market regulator SEBI that it has been dragged as a party in a PIL seeking a court-monitored CBI probe ag.....
Tags : Supreme Court, SEBI, Panama papers
SICA Repeal Act Shall Come into Force From Dec. 01, 2016(30.11.2016)
Ministry of Finance has appointed December 1, 2016 as the date on which provisions of Sick Industrial Companies (Special Provisions) Repeal Act, 2003 .....
Tags : Ministry of Finance, SICA Repeal Act, Sick Industrial Companies
Ministry of Finance Repeals SICA With Effect From Today(01.12.2016)
Ministry of Finance has repealed Sick Industrial Companies (Special Provisions) Act, 1985 (SICA) with effect from today.
Tags : Ministry of Finance, Sick Industrial Companies (Special Provisions) Act, 1985
Punjab and Haryana HC Slams UGC over Financial Crisis at Panjab University(05.12.2016)
Punjab and Haryana High Court has pulled up University Grants Commission (UGC) after noticing that it was trying to pass buck to Ministry of Human Res.....
Tags : Punjab and Haryana High Court, UGC, Panjab University, financial crunch
Ensure There is No Suppression of Dissent, Discussion or Debate: Bombay HC(27.11.2018)
Bombay High Court, while directing CBI and Maharashtra CID to make sincere efforts to trace the accused in the murder of anti-superstition crusader Na.....
Tags : Bombay High Court, Narendra Dabholkar, Govind Pansare
NCLAT: Registration of Vehicle Does Not Qualify As Registered ‘Charge’ for Valid Claim(30.10.2020)
National Company Law Appellate Tribunal (NCLAT) has dismissed an appeal filed by Volkswagen Finance Pvt Ltd against an order of the National Company L.....
Tags : National Company law Appellate Tribunal, Registration of Vehicle
Third Session of the India-Namibia Joint Trade Committee (JTC)(07.09.2016)
The Third Session of the India-Namibia Joint Trade Committee was held in New Delhi, 07th September, 2016. The Indian delegation was led by Hon'ble Min.....
Tags : Economic expansion, Trade Committee
Delisting of BSE and NSE companies(29.11.2016)
The Securities and Exchange Board of India (SEBI) has informed that Section 21A of the Securities Contracts (Regulation) Act, 1956 read with rule 21 o.....
Tags : Companies, De-listing
MCA Extends Due Date of Filing Annual Return and Financial Statement(31.10.2019)
Ministry of Corporate Affairs (MCA) has extended the due date of filing of Forms MGT-7 (Annual Return) and AOC-4 (Financial Statement) under the Compa.....
Tags : Ministry of Corporate Affairs, Companies Act,2013, Extension of date
AP High Court Vacates Stay on Genco’s Pre-closure Order(01.11.2019)
Andhra Pradesh High Court has vacated the stay imposed by it on the order given by APGenco for termination of the Polavaram hydel power plant contract.....
Tags : Andhra Pradesh High Court, APGenco, Navayuga Engineering Company Limited
CBDT Notifies PAN-Aadhaar Interchangeability(08.11.2019)
Central Board of Direct Tax has notified the amendments of over 100 forms and returns to provide for interchangeability between permanent account numb.....
Tags : CBDT, PAN
MP HC Refuses to Grant Bail to Computer Baba for Allegedly Manhandling Panchayat Staffer(17.11.2020)
Madhya Pradesh High Court has refused to grant interim bail to Computer Baba alias Namdev Das Tyagi in a criminal case registered by Gandhinagar polic.....
Tags : Madhya Pradesh High Court, Manhandling Panchayat Staffer
Allahabad HC Issues Notice on Plea Against Custody of Persons Arrested with Siddique Kappan(19.11.2020)
Allahabad High Court has issued notices on a Habeas Corpus petition filed by 3 alleged PFI Members, arrested by the Deputy Superintendent of Police wh.....
Tags : Allahabad High Court, Siddique Kappan
Bombay HC: NCLT Has No Jurisdiction to Examine Legality of Action Taken Under MPID Act(23.11.2020)
Bombay High Court has held that the National Company Law Tribunal has no jurisdiction to examine the legality or validity of action taken under the Ma.....
Tags : Bombay High Court, National Company Law Tribunal, Jurisdiction
Report of the Companies Law Committee(01.02.2016)
The Companies Law Committee has released its Report on .....
Tags : companies act, report, 2016
CCI imposes penalties on cement companies for bid-rigging(19.01.2017)
The Competition Commission of India ('CCI') has imposed penalties on 7 cement companies for bid rigging of a tender floated by the Director, Supplies .....
Tags : Penalty, Levy, Cement companies
NCLAT Seeks Clarity from Government and Agencies on JSW Steel Ltd Immunity(14.01.2020)
National Company Law Appellate Tribunal has directed the Enforcement Directorate and other investigative agencies to clarify whether JSW Steel Ltd wou.....
Tags : National Company Law Appellate Tribunal, JSW Steel Ltd., Immunity
Supreme Court Allows Vedanta Limited to Bid for National Aluminium Company Limited’s Alumina Tenders(15.01.2020)
Supreme Court has allowed Vedanta Limited to bid for alumina tenders by National Aluminium Company Limited (NALCO). The Court said that Vedanta Limite.....
Tags : Supreme Court, Vedanta, National Aluminium Company Limited
Madras HC Takes Suo Motu Case on Cartel of Doctors, Pharma Companies and Diagnostic Labs(15.01.2020)
Madras High Court has observed that the cartel of doctors, pharma companies and diagnostic laboratories are fleecing the patients by overpricing the d.....
Tags : Madras High Court, Cartel of Doctors, Pharma Companies, Diagnostic Laboratories
Supreme Court Rejects Review Petitions of Telecom Companies(17.01.2020)
Supreme Court has dismissed the Review Petitions of Telecom companies on Adjusted Gross Revenue (AGR) payment order. The Companies would have to pay R.....
Tags : Supreme Court, Telecom Companies, Review Petition
MCA Notifies Procedure for Disposal of Application for Conversion of Public Company into Private(27.01.2021)
Ministry of Corporate Affairs (MCA) has notified the procedure for disposal of application for conversion of a public company into private in case of .....
Tags : Ministry of Corporate Affairs, Disposal of Application for Conversion of Public Company to Private
RBI requires frequent updates on CP and UFCE investments(23.06.2016)
Investment by banks and financial institutions in commercial papers will have to be reported monthly to all credit information companies, the Reserve .....
Tags : commercial paper, unhedged exposure, reporting, credit company
CBDT issues PAN and TAN within 1 day to improve Ease of Doing Business(11.04.2017)
In order to improve the Ease of Doing Business for newly incorporated corporates, CBDT has tied up with Ministry of Corporate Affairs (MCA) to issue P.....
Tags : PAN, TAN, Issuance
New application process to fast track the allotment of PAN and TAN(22.07.2016)
For fast tracking the allotment of PAN and TAN to company applicants, Digital Signature Certificate(DSC) based application procedure has been introduc.....
Tags : Fast track, Allotment, PAN, TAN, Application process
Income Tax (IT) Department simplifies linking PAN with Aadhar for taxpayers using Income Tax India website(11.05.2017)
The Income Tax (IT) Department has made it easy for taxpayers to link their PAN with Aadhar. Responding to grievances of taxpayers regarding difficult.....
Tags : Simplification, Link, PAN, Aadhar
ITAT Cuttack: Non-Availability of PAN of Deductee Cannot be Used to Escape from Filing TDS(28.01.2020)
Income Tax Appellate Tribunal (ITAT), Cuttack has held that the non-availability of a Permanent Account Number (PAN) of the deductee is not an excuse .....
Tags : Income Tax Appellate Tribunal, Non- Availability of PAN, Filing of TDS
Bombay High Court Suggests BMC to Invite Fresh Applications for Junior Panel Lawyers(28.01.2020)
Bombay High Court has asked the Brihanmumbai Municipal Corporation (BMC) to invite applications from lawyers interested in being empaneled on the Juni.....
Tags : Bombay High Court, Brihanmumbai Municipal Corporation, Fresh Applications for Junior Panel Lawyers
National Company Law Tribunal Allows Videocon to Extend the Insolvency Process(29.01.2020)
National Company Law Tribunal has allowed Videocon to extend the corporate insolvency resolution process for 90 days.
Tags : National Company Law Appellate Tribunal, Videocon
Supreme Court Grants Five Days Interim Bail for Siddique Kappan(15.02.2021)
Supreme Court has allowed the interim bail application filed by Kerala Union of Working Journalists, seeking release of journalist Siddique Kappan, ci.....
Tags : Supreme Court, Siddique Kappan
National Company Law Tribunal Suspends Delhi Gymkhana Club's Board(15.02.2021)
National Company Law Tribunal (NCLT) has ordered the suspension of the Delhi Gymkhana Club's board. The Tribunal has also asked the Ministry of Corpor.....
Tags : National Company Law Tribunal, Delhi Gymkhana
P&H High Court Sets Aside Govt Nod to Transfer Panchayat Land to Private Developer(16.02.2021)
Punjab and Haryana High Court has quashed an order passed by the Punjab Government permitting the exchange of over 42 kanals of gram panchayat land ab.....
Tags : Punjab and Haryana High Court, Transfer of Panchayat Land
Implementation of the expanded India-Chile PTA(14.05.2017)
India and Chile have entered into another milestone in their trade relations as an agreement on expansion of India-Chile PTA which was signed on 6th S.....
Tags : Expansion, PTA, Agreement
#Union Budget 2020-2021: New Power Generation Companies to be Taxed at 15%(01.02.2020)
Central Government with an aim to boost power generation capacity, has extended the new corporate tax regime for new manufacturing plants to new power.....
Tags : Union Budget 2020-2021, Power Generation Companies
Ministry of Corporate Affairs Notifies Amendment to Companies Rules, 2020(05.02.2020)
Ministry of Corporate Affairs has notified an amendment to the Companies (Compromises, Arrangements and Amalgamations) Rules, 2020, adding a provision.....
Tags : Ministry of Corporate Affairs, Companies (Compromises, Arrangements and Amalgamations) Rules, 2020
Andhra Pradesh HC Dismisses Pleas Challenging SEC Decision to Conduct Gram Panchayat Elections(05.02.2021)
Andhra Pradesh High Court has dismissed a couple of writ petitions that challenged the State Election Commission (SEC)'s decision to conduct Gram Panc.....
Tags : Andhra Pradesh High Court, Gram Panchayat Elections
SC Stays Arrest of Shashi Tharoor and Others Over Tweets About Farmer’s Death During Tractor Rally(09.02.2021)
Supreme Court has stayed the arrest of Shashi Tharoor MP, journalists Rajdeep Sardesai, Vinod K Jose, Mrinal Pande, Zafar Agha, Anant Nath and Paresh .....
Tags : Supreme Court, Shashi Tharoor, Rajdeep Sardesai, Vinod K Jose, Mrinal Pande, Zafar Agha, Anant Nath, Paresh Nath
Delhi HC Directs Centre in Plea Challenging Non-Provision of Field to Register Companies/LLPs(10.02.2021)
Delhi High Court has directed Central Government to file an affidavit in the plea filed challenging the non-providing of a field for Advocates to regi.....
Tags : Delhi High Court, Registration of Companies/LLPs
Handbook, Module & Guidelines on Safe Childhood Programme for Gram Panchayats Released(05.06.2017)
A Handbook along with Module & Guidelines on protection of Child Rights at Gram Panchayat level was released jointly by National Commission for Protec.....
Tags : Guidelines, Safe Childhood, Gram Panchayats
Report on measures for improved monitoring of CSR released(01.01.1900)
A High Level Panel constituted by the Ministry of Corporate Affairs has released a report suggesting measures for monitoring the progress of implement.....
Tags : Company, corporate social responsibility, report, high level
Report on measures for improved monitoring of CSR released(19.10.2015)
A High Level Panel constituted by the Ministry of Corporate Affairs has released a report suggesting measures for monitoring the progress of implement.....
Tags : Company, corporate social responsibility, report, high level
Department of Financial Services advises all Banks to take immediate steps to put restrictions on bank accounts of over two lakh 'struck off' companies(05.09.2017)
Government has stepped up decisive action against companies falling within the ambit of Section 248 of the Companies Act. The names of 2,09,032 compan.....
Tags : Bank accounts, Companies, 'Struck off'
CBDT Reiterates: PAN-Aadhaar Linkage Compulsory to File Income Tax Returns(25.04.2019)
Central Board of Direct Taxes (CBDT) has once again reiterated that the linking of Aadhaar with PAN Card is mandatory for filing income tax returns.
Tags : Central Board of Direct Taxes , PAN Card, Aadhar
CBDT Reiterates: PAN-Aadhaar Linkage Compulsory to File Income Tax Returns(25.04.2019)
Central Board of Direct Taxes (CBDT) has once again reiterated that the linking of Aadhaar with PAN Card is mandatory for filing income tax returns.
Tags : Central Board of Direct Taxes , PAN Card, Aadhar
Staff Entitled to Know About Financial Status of Company: CIC(26.04.2019)
Central Information Commission has held that an employee is entitled to know under Right to Information Act, 2005 about the financial status of the em.....
Tags : Central Information Commission, Staff Entitled to Know About Financial Status of Company
Solve Issues of Companies Under Debt: NCLAT(29.04.2019)
National Company Law Appellate Tribunal has stated that functional companies boost the economy and are a source of income for families and also called.....
Tags : NCLAT, Companies Under Debt
Japan Court Gives Ness Wadia Suspended Prison Term for Possessing Drugs(01.05.2019)
A Japan Court handed a two-year prison sentence for drug possession to Ness Wadia, 47-year-old son of Wadia Group's Nusli Wadia, which was later suspe.....
Tags : Japan Court, Ness Wadia
Consumer can't be Made to Suffer for Delay in Issuance of Occupancy Certificate: NCDRC(02.05.2019)
National Consumer Disputes Redressal Commission (NCDRC) has held that a consumer cannot be made to suffer for any delay in the issuance of Occupancy C.....
Tags : NCDRC, Occupancy Certificate
SC Bars NCLT, Mumbai from Passing Final Orders on Future Plea for Calling Shareholders’ Meeting(23.02.2021)
Supreme Court has allowed the National Company Law Tribunal (NCLT), Mumbai, to continue proceedings on Kishore Biyani-led Future Retail’s plea seeking.....
Tags : Supreme Court, National Company Law Tribunal, Future Retail
Special knowledge or practical experience useful to banking companies(24.11.2016)
In exercise of the powers conferred by Section 10A(2)(a)(ix) of the Banking Regulation Act, 1949, Section 19A(1)(a)(viii) of State Bank of India Act, .....
Tags : Special knowledge, Utility, Companies
Cases pertaining to 'Panama Papers': Investigation in full swing(06.11.2017)
Pursuant to revelations made by the International Consortium of Investigative Journalists (ICIJ), a Washington based organization in April 2016 about .....
Tags : Panama Papers, Investigation
NCLAT Seeks Resolution of IL&FS Cases in 90 Days(13.03.2020)
National Company Law Appellate Tribunal has approved the resolution framework for Infrastructure Leasing & Financial Services Limited (IL&FS) Group an.....
Tags : National Company Law Appellate Tribunal, IL&FS Cases
NCLAT Rejects Government Plea to Remove Board of 63 Moons Technologies(13.03.2020)
National Company Law Appellate Tribunal has set aside the Government’s plea to supersede the board of 63 Moons Technologies. The Tribunal further uphe.....
Tags : National Company Law Appellate Tribunal, 63 Moon Technologies
NCLAT Sets Aside CAIT’s Plea Against Flipkart-Walmart Deal(13.03.2020)
National Company Law Appellate Tribunal has dismissed a Petition filed by Confederation of All India Traders (CAIT) against the Competition Commission.....
Tags : National Company Law Appellate Tribunal, Flipkart-Walmart Deal
NCLAT: Limitation Period Applicable to Application Filed by Financial Creditor(16.03.2020)
National Company Law Appellate Tribunal has reversed the order of the National Company Law Tribunal, Ahemdabad holding that the order of admission of .....
Tags : National Company Law Appellate Tribunal, Limitation on Application by Financial Creditor
Karnataka HC Directs Penal Action Against Participants of Public Rally for Not Wearing Facemasks(25.03.2021)
Karnataka High Court has directed the State Government to ensure that penal and other actions are initiated in accordance with law against those perso.....
Tags : Karnataka High Court, Participants of Public Rally
National Company Law Appellate Tribunal (Salaries, Allowances and other Terms and Conditions of Service of Chairperson and other Members) Rules, 2015(19.08.2015)
The Central government issued the Rules, 2015, enumerating the benefits available to the Chairperson of the National Company Law Appellate Tribunal u.....
Tags : chairperson, company law appellate tribunal, benefits
National Company Law Tribunal (Salary, Allowances and other Terms and Conditions of Service of President and other Members) Rules, 2015(19.08.2015)
The Central government issued the Rules, 2015, enumerating the benefits available to the President of the National Company Law Tribunal under the Comp.....
Tags : President, company law tribunal, benefits
Cabinet approves expansion of beneficiaries list under Pradhan Mantri Ujjwala Yojana(17.12.2018)
The Cabinet Committee on Economic Affairs (CCEA) chaired by Hon'ble Prime Minister, Shri Narendra Modi, cleared the proposal of Ministry of Petroleum .....
Tags : Beneficiaries list, Expansion, Approval
Expansion of PNG and CNG coverage in the country(06.02.2019)
Petroleum and Natural Gas Regulatory Board (PNGRB) is the authority to grant authorization to the entities for the development of City Gas Distributio.....
Tags : Expansion, PNG, CNG coverage
Cabinet approves Implementation of the Cabinet's decision dated 28th December, 2016 regarding pharmaceutical companies in the public sector - seeking modification therein(17.07.2019)
The Union Cabinet chaired by Prime Minister Narendra Modi has approved the following decisions:
Modifying the earlier decision dated 28.12.2.....
Tags : Pharmaceutical companies, Decision, Implementation
NCLT Dismisses Mistry's Plea Alleging Mismanagement, Minority Oppression at Tata Sons(24.04.2017)
National Company Law Tribunal, while dismissing Cyrus Mistry petition that alleged mismanagement and minority shareholder oppression at Tata Sons, has.....
Tags : National Company Law Tribunal, Mismanagement, Minority Oppression, TATA
NCLT Rebukes SBI for "Lackadaisical Approach"(29.06.2018)
National Company Law Tribunal’s Mumbai chapter has rebuked State Bank of India for its “lackadaisical approach” in sanctioning a Rs 334 crore loan to .....
Tags : National Company Law Tribunal, SBI
NCLAT Declines to Stay ElectroSteel Steels' Delisting(29.06.2018)
National Company Law Appellate Tribunal (NCLAT) has refused to stay the delisting process of debt-ridden firm ElectroSteel Steel under the resolution .....
Tags : National Company Law Tribunal, ElectroSteel
CBDT Extends Aadhaar-PAN Linking Deadline To 31 March, 2019(02.07.2018)
Central Board of Direct Taxes (CBDT) has extended deadline for linking Aadhaar with Permanent Account Number (PAN) till 31 March, 2019.
Tags : CBDT, Aadhaar, PAN
NCLT Urges Litigants to File Joint Memo of Written Submissions to Avoid Delay in Disposal(08.04.2020)
National Company Law Tribunal (NCLT) has urged all the litigants to file "Joint Memo" of written submissions, to avoid the lengthy process of filing r.....
Tags : National Company Law Tribunal, Joint Memo of Written Submissions
SC Issues Notice on Plea for Evacuation of Man Stranded in Japan Due to COVID-19(09.04.2020)
Supreme Court has issued a notice in a Writ Petition seeking the immediate evacuation of a 58-year-old Indian citizen stranded in Tokyo, Japan due to .....
Tags : Supreme Court, Evacuation of Man Stranded in Japan
Bombay HC: NCLAT Has No Jurisdiction Over Petition Under Arbitration Act(14.04.2021)
Bombay High Court has held that the National Company Law Appellate Tribunal has absolutely no jurisdiction over it in a petition under the Arbitration.....
Tags : Bombay High Court, National Company law Appellate Tribunal, Jurisdiction Over Petition Under Arbitration Act
UIAI to become functional soon(12.07.2016)
Marking the ever nearer constitution of the Unique Identification Authority of India, the Central government introduced the Unique Identification Auth.....
Tags : Uiai, adhaar, selection, panel
Companies (Share Capital and Debentures) Third Amendment Rules, 2016(19.07.2016)
The government introduced the Companies (Share Capital and Debentures) Third Amendment Rules 2016, amending the extant 2014 rules.
Among th.....
Tags : company, share capital, rules, amendment, 2016
Exemption of a Banking Company from the application of the provisions of Sections 5 and 6 of the Competition Act, 2002(11.03.2020)
In exercise of the powers conferred by clause (a) of section 54 of the Competition Act, 2002 (12 of 2003), the Central Government hereby exempts a Ban.....
Tags : Exemption, Banking Company, Application, Provisions
MHA clarifies Misplaced Apprehensions of Industry Associations regarding Legal liability on Company CEOs, if employees found COVID-19 positive(23.04.2020)
No Separate/Fresh Permissions required from Authorities for Industries already permitted to operate prior to 15.04.2020, in areas falling outside Cont.....
Tags : Clarification, Apprehensions, Legal liability, Company CEOs
Punjab and Haryana HC Rejects Plea Seeking Enhancement of PU Faculty Retirement Age(16.08.2016)
Punjab and Haryana HC has rejected a bunch of petitions filed by faculty members of Panjab University (PU), Chandigarh seeking enhancement of their re.....
Tags : Punjab and Haryana HC , Panjab University
CBDT: Aadhaar Mandatory For ITR From July 1, As SC Ordered Only Partial Relief(12.06.2017)
Central Board of Direct Taxes (CBDT) has clarified that for filing of tax returns and for obtaining Permanent Account Number (PAN), Aadhaar was compul.....
Tags : CBDT, Aadhaar, PAN
CBDT: People Not Having PAN Card Can File Form 60 Manually/Electronically Using E-Verification(12.06.2017)
Central Board of Direct Taxes (CBDT) has notified amended rules regarding furnishing of Form 60 either in manually or electronically by using e-verif.....
Tags : Central Board of Direct Taxes, Form 60, PAN Card
NCLT Allows Merger of LLP, Private Companies(31.07.2018)
National Company Law Tribunal has given the green signal to merger of a Limited Liability Partnership with a private company.
Tags : NCLAT, LLP, Private Companies
Central Government Sets Up NCLT Bench in Kochi(01.08.2018)
Central Government has constituted a Bench of the National Company Law Tribunal (NCLT) in Kochi which will be effective from August 1 this year.
Tags : National Company Law Tribunal, Kochi
NCLAT Directs NBCC to Implement Resolution Plan Pending Appeal in Jaypee Infratech Matter(27.04.2020)
National Company Law Appellate Tribunal has declined to stay the implementation of the modified resolution plan and directed NBCC Limited to acquire t.....
Tags : National Company Law Appellate Tribunal, Jaypee Infratech
NCLAT Prepones Summer Vacation from April 26 to May 20(20.04.2021)
National Company Law Appellate Tribunal has modified its calendar for summer vacation of this year in light of the recent surge in Covid-19 cases thro.....
Tags : National Company Law Appellate Tribunal, Preponing of Summer Vacation
One-time relaxation with respect to validity of SEBI Observations(21.04.2020)
1. In view of the impact of the COVID-19 pandemic, based on representations from various industry bodies, SEBI has decided to grant the following one .....
Tags : One-time relaxation, Grant, Impact, COVID-19 pandemic
RBI releases the Report of the Working Group to Review the Regulatory and Supervisory Framework for Core Investment Companies(06.11.2019)
The Reserve Bank of India had constituted a Working Group (WG) to Review Regulatory and Supervisory Framework for Core Investment Companies (CICs), on.....
Tags : Report, Release, Core Investment Companies
Extension of LLP Settlement Scheme, 2020(09.11.2020)
1. In continuation to this Ministry's General Circular No. 13/2020 dated 30.03.2020 and in the General Circular No. 31/2020 dated 28.09.2020 the schem.....
Tags : Pandemic, Extension, LLP Scheme, 2020
CBDT Asks Taxpayers to Link Aadhaar with PAN Using SMS(31.05.2017)
Central Board of Direct Taxes (CBDT) has directed taxpayers to link their Aadhaar with their PAN, using an SMS-based facility.
Tags : Central Board of Direct Taxes, Aadhaar, PAN
Orissa High Court Stays Safeguard Duty on Imported Solar Panels(30.07.2018)
Orissa High Court has stayed the imposition of safeguard duty on imported solar panels until August 20.
Tags : Orissa High Court, Solar Panels
Telangana High Court: Power to Remove Encroachment Vests with Panchayat Secretary(06.06.2019)
Telangana High Court has observed that the Panchayat Secretary has got powers to remove encroachments on public places in Gram Panchayats and also got.....
Tags : Telangana High Court, Panchayat Secretary
SEBI Relaxes Rule for Minimum 25% Public Stake in Listed Companies(15.05.2020)
Securities and Exchange Board of India (SEBI) has eased the 25% minimum public shareholding norm for listed companies in the wake of the Covid-19 outb.....
Tags : Securities and Exchange Board of India, Public Stake in Listed Companies
NCLAT Bars Appointment of Retired Bank Official as Resolution Professional(25.05.2020)
National Companies Law Appellate Tribunal has upheld a bankruptcy tribunal order prohibiting appointment of a former employee of financial creditor as.....
Tags : National Companies Law Appellate Tribunal, Resolution Professional
Allahabad HC Directs Lucknow DM to File ATR If Private Hospitals Created Unnecessary Panic(10.05.2021)
Allahabad High Court has sought response from the Lucknow District Magistrate with respect to two private hospitals that claimed that several Covid-19.....
Tags : Allahabad High Court, Unnecessary Panic Due to Oxygen Shortage
Relaxation of additional fees and extension of last date in filing of forms MGT-7 (Annual Return) and AOC-4 (Financial Statement) under the Companies Act, 2013-UT of J&K and UT of Ladakh(31.01.2020)
Sir
In continuation to General Circular No. 15/2019 dated 28-11-2019 and keeping in view of the requests received from various stakeholders.....
Tags : Annual Return, Companies Act, 2013
Companies (Incorporation) Second Amendment Rules, 2021(01.02.2021)
In exercise of the powers conferred by sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby .....
Tags : Companies, Incorporation
Producer Companies Rules, 2021(11.02.2021)
In exercise of the powers conferred by sub-section (4) of section 378H and sub-section (1) of section 378ZL read with sub-sections (1) and (2) of sect.....
Tags : Producer Companies, Investment, Rules
SC Grants 2 More Weeks to Centre to File Reply on Panama Papers(30.08.2016)
SC has granted two more weeks to Centre to file its response on a plea seeking CBI probe against Indian offshore bank account holders named in the Pan.....
Tags : SC , Centre, Panama papers
National Company Law Tribunal Asks Astro to Not to Exit AskMe for 6 Weeks(31.08.2016)
National Company Law Tribunal has asked Astro Entertainment Networks Ltd not to exit e-commerce website AskMe.com, in which it is an investor, for six.....
Tags : National Company Law Tribunal, Astro Entertainment Networks Ltd
Government: Aadhaar Mandatory for PAN application Form from July 1(29.06.2017)
Income Tax Amendment Rules [Income Tax (17th Amendment) Rules, 2017] which makes quoting Aadhaar mandatory for PAN Application from July-1, has been n.....
Tags : Income Tax Amendment Rules, Aadhaar, PAN
Delhi High Court: Insurance Companies Must Accept Claims at All Hospitals(13.06.2019)
Delhi High Court has held that insurance companies would have to honour claims by valid medical policy holders who have received treatment at any gove.....
Tags : Delhi High Court, Insurance Companies
NCLT Sets 90-day Deadline for Jet Airways Bankruptcy Resolution(21.06.2019)
National Company Law Tribunal (NCLT) while admitting insolvency petition moved by State Bank of India against Jet Airways has instructed that the reso.....
Tags : National Company Law Tribunal, NCLT, Jet Airways
NCLAT Sets Aside NCLT Order to Add MCA as Party in All IBC Cases and Company Petitions(26.05.2020)
National Company Law Appellate Tribunal (NCLAT) has set aside an order of National Company Law Tribunal (NCLT) which mandated the impleadment of the U.....
Tags : National Company Law Appellate Tribunal, Ministry of Corporate Affairs, Party to IBC Matters
Madras HC Dismisses Plea Seeking Setting Aside of Notice for Alleged Involvement in Katta Panchayat(19.05.2021)
Madras High Court has dismissed a petition filed by an Inspector of Police attached to the District Crime Branch, Pudukkottai, seeking setting aside o.....
Tags : Madras High Court, Notice for Alleged Involvement in Katta Panchayat
Review of Guidelines for Core Investment Companies(13.08.2020)
1. Please refer to the report of the Working Group (WG) to Review the Regulatory and Supervisory Framework for Core Investment Companies (CICs), const.....
Tags : Review, Guidelines, Investment Companies
SOP for listed subsidiary company desirous of getting delisted through Scheme of Arrangement wherein the listed parent holding company and listed subsidiary are in same line of business(06.07.2021)
1. SEBI, vide notification dated June 10, 2021, has notified the amendments made to the SEBI (Delisting of Equity Shares) Regulations, 2021 wherein, i.....
Tags : SOP, Subsidiary Company, Delisting
Central Government Enforces Certain Provision of Companies Act, 2013, as on 9.09.2016(13.09.2016)
Centre has notified that provisions of section 227, clause (b) of sub-section (1) of section 242, clauses (c) and (g) of sub-section (2) of section 24.....
Tags : Central Government, Companies Act, 2013
Pansare-Dabholkar Murder Case: Bombay High Court Raps CBI For Not Taking Investigation Ahead(05.07.2019)
Bombay High Court has slammed investigating agencies for giving excuses and not taking the probe in the murder of activist Govind Pansare and rational.....
Tags : Pansare-Dabholkar Murder Case, Bombay High Court
Supreme Court Convicts 12 for Murder of Former Gujarat Home Minister Haren Pandya in 2003(05.07.2019)
Supreme Court has convicted 12 accused in the March 2003 murder of former Gujarat Home Minister Haren Pandya. All have been sentenced to life term.
Tags : Supreme Court, Haren Pandya
Union Budget, 2019 – AADHAAR and PAN to be Used Interchangeably(05.07.2019)
Union Finance Minister Nirmala Sitharaman has informed that now AADHAAR and PAN can be used interchangeably.
Tags : Union Budget 2019, AADHAAR, PAN
Manipur HC Stresses on Need for Taking Steps to Tackle Third Wave of Covid-19 Pandemic(04.06.2021)
Manipur High Court has stated that it would be necessary for the State to demonstrate the steps already taken, in terms of the demands raised for medi.....
Tags : Manipur High Court, Steps to Tackle Third Wave of Covid-19 Pandemic
Delhi HC Directs Centre to Release 14 Crores to Panacea Biotech for Manufacturing Vaccine(07.06.2021)
Delhi High Court has directed the Centre to release an amount of Rs. 14 Crores along with the interest of 12% to Panacea Biotech for manufacturing Spu.....
Tags : Delhi High Court, Panacea Biotech, Manufacturing of Sputnik V Vaccine
Draft to determine company’s ‘Place of Effective Management’(23.12.2015)
The Ministry of Finance has released draft guidelines proposing principles to determine the ‘place of effective management’ of a company, for the purp.....
Tags : Income tax, company, effect management, draft, principles
Ministry of Agriculture and Farmers welfare signs 5 MOUs with private companies for taking forward digital agriculture(14.09.2021)
Modernisation of the Agriculture sector will continue by infusing new technologies so that farmers can increase their income. Agriculture Minister Nar.....
Tags : Agriculture, MOU, Private Companies
ADB, India sign $350 million loan to expand metro rail network in Chennai(03.01.2023)
The Asian Development Bank (ADB) and the Government of India today signed a $350 million loan to build new lines and improve the connectivity of the m.....
Tags : Loan, Expansion, Metro
Calcutta High Court: All Proceedings Under Companies Act 1956 Stands Transferred To NCLT(10.09.2018)
Calcutta High Court has held that HC has lost jurisdiction from 15th December 2016 to entertain all proceedings under Companies Act, 1956 and the same.....
Tags : Calcutta High Court, NCLT, Companies Act, 1956
Challenge Against RBI Circular By Power Companies: SC Transfers All Pending Matters To Itself(13.09.2018)
SC has directed that twelve cases pertaining to the Insolvency Proceedings under the new RBI circular pending before High Courts of Madras, Gujarat, A.....
Tags : Supreme Court, Power companies, RBI Circular
National Company Law Tribunal Approves Plan to Revive Defunct Jet Airways(23.06.2021)
National Company Law Tribunal has approved a plan to revive the defunct Jet Airways submitted by the United Kingdom’s Kalrock Capital and the UAE-base.....
Tags : National Company Law Tribunal, Jet Airways
NCLT, Mumbai Directs Reliance Home Finance to Repay Dues to NCD Holders(25.06.2021)
National Company Law Tribunal, Mumbai has directed Reliance Home Finance Ltd (RHFL) to repay its debt obligations to 19,000 non-convertible debenture .....
Tags : National Company Law Tribunal, Reliance Home Finance
National Company Law Tribunal, Mumbai Orders Liquidation of Nakshatra World(29.06.2021)
National Company Law Tribunal (NCLT), Mumbai has ordered the liquidation of Nakshatra World, a subsidiary of Gitanjali Gems, one of the group companie.....
Tags : National Company Law Tribunal, Nakshatra World
NCLAT Declines Plea Challenging Order Approving Piramal Bid for DHFL(29.06.2021)
National Company Law Appellate Tribunal has declined a plea by US-based Prudential International Insurance Holdings Ltd challenging a National Company.....
Tags : National Company Law Appellate Tribunal, Prudential International Insurance Holdings Ltd
Committee on Asset Reconstruction Companies invites views and suggestions from stakeholders(28.04.2021)
As part of the Statement on Developmental and Regulatory Policies released along with the Monetary Policy Statement on April 7, 2021, the Reserve Bank.....
Tags : Committee, Asset Reconstruction Companies, Stakeholders
Linking of PAN with Aadhaar to be done by March 31, 2023(08.03.2023)
The provisions of Income-tax Act, 1961, make it mandatory for every person who has been allotted a Permanent Account Number (PAN) to intimate his/her .....
Tags : Linking, PAN, Aadhaar
Supreme Court Takes Note of Insurance Companies Not Reimbursing Cost of COVID Treatment(06.08.2020)
Supreme Court has taken note of complaints of insurance companies not reimbursing the full cost of COVID-19 treatment and told the Union government to.....
Tags : Supreme Court, Insurance Companies, Cost of COVID Treatment
NCLT Delhi Seeks Reply of Bhushan Steel's Monitoring Committee on Policy for Retirement(07.08.2020)
National Company Law Tribunal, Delhi has sought response from the Monitoring Committee of Bhushan Power & Steel Limited in relation to its retirement .....
Tags : National Company Law Tribunal, Bhushan Power & Steel Limited
Allahabad HC Directs State Election Commission to Ensure Free and Fair Elections(02.07.2021)
Allahabad High Court has directed the State Election Commission of Uttar Pradesh to ensure free and fair elections to be conducted of Zila Panchayat C.....
Tags : Allahabad High Court, Zila Panchayat Chairperson Elections
Ministry of Consumer Affairs Issues Draft Rules for Regulation of Direct Selling Companies(05.07.2021)
Ministry of Consumer Affairs has issued draft rules for mandatory registration of direct selling companies such as Amway, Oriflame, Tupperware and sim.....
Tags : Ministry of Consumer Affairs, Direct Selling Companies
Allahabad HC: Government Efforts to Subdue Pandemic Not Successful Unless Public Adheres to Norms(09.07.2021)
Allahabad High Court has observed that even though the Uttar Pradesh Government has taken satisfactory steps to enhance medical infrastructure in the .....
Tags : Allahabad High Court, Government Efforts to Subdue Pandemic
Calcutta HC Quashes No Confidence Motion Against Nandigram Panchayat President(09.07.2021)
Calcutta High Court has quashed a 'no confidence' motion initiated against Pabitra Kar, President of Boyal-I, Gram Panchayat in the District of Purba .....
Tags : Calcutta High Court, No Confidence Motion Against Nandigram Panchayat President
Nidhi (Amendment) Rules, 2022(19.04.2022)
In exercise of the powers conferred by sub-section (1) of section 406 read with sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18.....
Tags : Amendment, Nidhi Companies
Companies (Removal of Names of Companies from the Register of Companies) Second Amendment Rules, 2023(10.05.2023)
In exercise of the powers conferred by sub-sections (1), (2) and (4) of section 248 read with section 469 of the Companies Act, 2013 (18 of 2013), the.....
Tags : Removal, Names, Companies, Amendment Rules
SC: Cancel Licences, Spectrum if AGR Dues of Insolvent Telecom Companies Not Paid(25.08.2020)
Supreme Court has stated that the Government must cancel licences and spectrum of telecom companies that refuse to pay pending adjusted gross revenue .....
Tags : Supreme Court, AGR Dues of Telecommunication Companies
SC Declines to Entertain Plea Seeking CBI Probe into Rakesh Pandey's Encounter(25.08.2020)
Supreme Court has declined to entertain a Public Interest Litigation (PIL) seeking probe by the Central Bureau of Investigation (CBI) into the alleged.....
Tags : Supreme Court, Rakesh Pandey’s Encounter
SC Grants 10 Years Period for Telecommunication Companies to Clear AGR Dues(01.09.2020)
Supreme Court has held that the telecom companies who are liable to pay Aggregate Gross Revenue dues shall make payment of 10% of the dues by 31st Mar.....
Tags : Supreme Court, AGR Dues of Telecommunication Companies
NCLT Clears IL&FS Education Arm Sale to JV Partner(03.09.2020)
National Company Law Tribunal has approved the sale of Schoolnet India, a subsidiary of IL&FS, to an arm of Lexington Equity Holdings (LEHL).
Tags : National Company law Tribunal, Schoolnet India
SC Dismisses Plea to Allow Warkaris to Perform Pilgrimage to Temple in Pandharpur(19.07.2021)
Supreme Court has dismissed the petition seeking directions to State of Maharashtra to grant permission to Warkaris of Sant Namdev Maharaj Sansthan an.....
Tags : Supreme Court, Pilgrimage to Temple in Pandharpur
NCLAT Stays Vedanta Group’s Winning Bid for Videocon Industries(20.07.2021)
National Company Law Appellate Tribunal (NCLAT) has stayed Vedanta Group’s winning bid for debt-laden Videocon Industries after an appeal by dissentin.....
Tags : National Company Law Appellate Tribunal, Videocon Industries
Delhi HC Upholds Vires Of Section 4(b) of Sick Industrial Companies (Special Provisions) Repeal Act(08.12.2017)
Delhi High Court has upheld the constitutional validity of Section 4(b) of the Sick Industrial Companies (Special Provisions) Repeal Act, 2003.
Tags : Delhi High Court , Company Law
NCLAT Sets Aside Plea to Initiate Insolvency Proceedings Against Intex Technologies(30.10.2019)
National Company Law Appellate Tribunal (NCLAT) has dismissed a plea to initiate insolvency proceedings against smartphone and mobile accessories make.....
Tags : National Company Law Appellate Tribunal, Intex Technologies India Ltd.
Supreme Court Mulls Setting Up Expert Panel to Study Effect of Mining Near Eco-Sensitive Zones(05.11.2020)
Supreme Court has observed that it was thinking of setting up an expert committee to assess the effect of mining in the coal blocks near eco-sensitive.....
Tags : Supreme Court, Expert Panel to Study Effect of Mining Near Eco-Sensitive Zones
Karnataka HC Directs SEC to Announce Schedule of Panchayat Elections(17.11.2020)
Karnataka High Court has directed the State Election Commission (SEC) to finalise the schedule of conducting elections to Grama Panchayats in the stat.....
Tags : Karnataka High Court, Schedule of Panchayat Elections
J&K HC: All Hindus Living in Kashmir Valley Cannot Claim Benefits Meant for Kashmiri Pandits(16.09.2021)
Jammu and Kashmir High Court has held that all Hindus residing in the Valley cannot be said to be a Kashmiri Pandit, thereby allowing them to avail th.....
Tags : Jammu and Kashmir High Court, Benefits Meant for Kashmiri Pandits
SC: Mere Delay in Intimating Insurance Company of Occurrence of Theft Not Grounds to Deny Claim(20.09.2021)
Supreme Court has observed that mere delay in intimating the insurance company about the occurrence of the theft cannot be a ground to deny the insura.....
Tags : Supreme Court, Delay in Intimating Insurance Company
Japan's ODA Loan for Chennai and Ahmedabad Metro worth Rs. 5,479 crore(29.11.2015)
The Ministry of Finance has signed an agreement with Japan, accepting funding towards the Chennai and Ahmedabad Metro projects. The loan, under Offici.....
Tags : Development assistance, japan, metro projects
Transfer of rights in specified land in the mentioned Government company(19.06.2023)
WHEREAS, on the publication of the notification of the Government of India in the Ministry of Coal, number S.O. 1705(E), dated the 12th April, 2023, p.....
Tags : Specified land, Rights, Government company
Top Court Affirms Conviction in 2003 Haren Pandya Murder Case(21.11.2019)
Top Court has affirmed conviction of 10 men in the March 2003 murder of former Gujarat Home Minister Haren Pandya. The Court has dismissed the review .....
Tags : Top Court, Haren Pandya
J&K HC Denies Bail to Pankaj Sharma who Allegedly Supplied Information to ISI Pakistan(08.12.2020)
Jammu & Kashmir High Court has denied bail to Pankaj Sharma who allegedly hobnobbed with ISI of Pakistan and passed on photographs of vital installati.....
Tags : Jammu and Kashmir High Court, Pankaj Sharma
Bombay HC Dismisses Plea Challenging Penalty Provision of Pan Masala Rules as Ultra Vires(09.12.2020)
Bombay High Court has dismissed the plea challenging Rule 17(2) of the Pan Masala Packing Machines (Capacity, Determination and Collection of Duty) Ru.....
Tags : Bombay High Court, Penalty Provision of Pan Masala Rules
Delhi HC Seeks Reply From RBI, SEBI, NPCI on Plea Seeking Regulation of Tech-Fin Companies(10.12.2020)
Delhi High Court has sought reply from the Ministry of Law, Finance Ministry, Reserve Bank of India, Securities and Exchange Board of India, and Natio.....
Tags : Delhi High Court, Regulation of Tech-Fin Companies
SC Stays NGT Order Which Led to Halting of Highway Expansion Work of NH-844(11.12.2020)
Supreme Court has stayed the National Green Tribunal order to the extent it required the National Highway Authority of India to first procure the Envi.....
Tags : Supreme Court, Highway Expansion Work of NH-844
Madras High Court Dismisses PIL Seeking 100% Occupancy in Cinema Theatres(09.11.2021)
Madras High Court has dismissed a public interest litigation petition which challenged the State government’s recent nod for 100% occupancy in cinema .....
Tags : Madras High Court, 100% Occupancy in Cinema Theatres
Exemption from the provisions of sections 387 to 392 Companies Act, 2013 to the specified companies(05.08.2021)
In exercise of the powers conferred by section 393A of the Companies Act, 2013 (18 of 2013), the Central Government hereby exempts, from the provision.....
Tags : Exemption, Provisions, Specified companies
Expansion of Automatic Leo Facility in ECCS(02.08.2023)
1. The undersigned is directed to draw attention to Circular 41/2020-Customs through which the facility of Automatic Let Export Order (auto LEO) was e.....
Tags : Expansion of Automatic Leo, ECCS
Conduct Independent Probe in Dabholkar, Pansare Cases: Bombay HC to CBI(18.01.2019)
National Green Tribunal (NGT) has asked the Union ministry of environment and forests to examine effect of hookah with respect to indoor air pollution.....
Tags : Bombay High Court, Dabholkar, Pansare Cases
NCLAT Turns Down Reference Seeking Re-Consideration of Decision in V. Padamakumar Case(23.12.2020)
National Company Law Appellate Tribunal has turned down a reference made by a three-member Bench, seeking re-consideration of the decision in V. Padam.....
Tags : National Company Law Appellate Tribunal, V. Padamakumar v. Stressed Assets Stabilization Fund (SASF) & Anr.
SC Dismisses Plea Against Consecutive Reservation of Panchayat President Posts in Kerala(24.12.2020)
Supreme Court has dismissed a plea which challenged the reservation notification issued by the State Election Commission for local body heads on the g.....
Tags : Supreme Court, Reservation of Panchayat President Posts
CBI Court, Panchkula Sentences Life Imprisonment to Accused in Ranjit Singh Murder Case(19.10.2021)
Central Bureau of Investigation Court, Panchkula has sentenced Dera Sacha Sauda chief Gurmeet Ram Rahim Singh and 4 others to life imprisonment in the.....
Tags : Central Bureau of India Court, Panchkula, Ranjit Singh Murder Case
Singapore Arbitration Panel: Future Retail Must Take Part in Arbitration Over Dispute with Amazon(22.10.2021)
Singapore Arbitration Panel has ruled that Future Retail must take part in arbitration over a commercial dispute with Amazon.com Inc, rejecting the In.....
Tags : Singapore Arbitration Panel, Future Retail, Amazon
Advisory to citizens regarding use of caution against Ed-tech Companies(23.12.2021)
Given the pervasive impact of technology in education, many ed-tech companies have started offering courses, tutorials, coaching for competitive exams.....
Tags : Advisory, Citizens, Ed-tech Companies
Appointment of Internal Ombudsman by the Credit Information Companies(06.10.2022)
1. Please refer to paragraph 2 of the Statement on Developmental and Regulatory Policies dated August 5, 2022, wherein the decision to bring Credit In.....
Tags : Appointment, Internal Ombudsman, Companies
Information regarding fraud in the name of TRAI(15.11.2023)
1. It has been brought to the notice of Telecom Regulatory Authority of India that some companies / agencies / individuals are fraudulently asking pub.....
Tags : Information, Fraud, Companies
Partial modification of Circular No. 3 of 2023 dated 28.03.2023 regarding consequences of PAN becoming inoperative as per rule 114AAA of the Income-tax Rules, 1962(23.04.2024)
Circular No. 3 of 2023 dated 28.03.2023 issued by the Board details the consequences of PAN becoming inoperative as under:
"Consequent to the.....
Tags : Partial modification, Circular, PAN
NCLAT Decides to Close Umang Realtech Insolvency Resolution Process(19.02.2020)
National Company Law Appellate Tribunal has decided to close the corporate insolvency resolution process against Umang Realtech if the company manages.....
Tags : National Company Law Appellate Tribunal, Umang Realtech Insolvency Resolution Process
Gauhati High Court Directs Authorities to Test Pan Masala Products Available in Market(19.02.2020)
Gauhati High Court has directed the state of Assam to take appropriate action under the Food Safety & Standards Act, 2006, against all those Pan Masal.....
Tags : Gauhati High Court, Test of Pan Masala Products
SC Issues notice on Plea Challenging Govt Notification on Road Expansions(10.03.2021)
Supreme Court has issued notice in Advocate Prashant Bhushan's plea challenging government notification that states that road expansion projects less .....
Tags : Supreme Court, Road Expansion
NCLT Benches to Function Through Virtual Mode from January 3 to January 31(03.01.2022)
National Company Law Tribunal (NCLT) has decided to revert to Virtual Mode of hearing from January 3, 2022, to January 31, 2022, taking note of the pr.....
Tags : National Company Law Tribunal, Virtual Mode of Functioning
SC: No Statutory Appeal Against Order u/s 14B of Maharashtra Village Panchayats Act(06.01.2022)
Supreme Court has held that no statutory appeal lies against an order passed under Section 14B(1) of the Maharashtra Village Panchayats Act, 1959, ref.....
Tags : Supreme Court, Appeal Against Order u/s 14B of Maharashtra Village Panchayats Act
NCLT, Hyderabad Initiates Corporate Insolvency Resolution Process Against Tata Projects Ltd(06.01.2022)
National Company Law Tribunal, Hyderabad has initiated Corporate Insolvency Resolution Process against Tata Projects Limited for its failure to pay ba.....
Tags : National Company Law Tribunal, Corporate Insolvency Resolution Process, Tata Projects Ltd
RBI Working Paper No. 4/2018: Economic Activity and its Determinants: A Panel Analysis of Indian States(26.07.2018)
The Reserve Bank of India today placed on its website today a Working Paper titled "Economic Activity and its Determinants: A Panel Analysis of Indian.....
Tags : Economic Activity, Determinants, Panel Analysis
EPFO expands 'Ease of Living by reducing service delivery time for claim settlement(13.05.2024)
For enhancing ease of living for its crores of members, EPFO has now introduced auto-mode settlement of advance claims for the purpose of education & .....
Tags : EPFO, Expansion,Claim settlement
Kerala High Court Stays Granting of Njanappana Award to Poet Prabhavarma(02.03.2020)
Kerala High Court has stayed the granting of Njanappana award to poet Prabha Varma, the author of Syama Madhavam.
Tags : Kerala High Court, Njanappana Award
Allahabad HC Quashes Order Reserving Seats for Polls Taking 1995 as Base Year(16.03.2021)
Allahabad High Court has quashed an order issued by the Uttar Pradesh government dealing with the reservation of seats for various categories of candi.....
Tags : Allahabad High Court, Uttar Pradesh Panchayat Polls
NCLAT: Ola Has Not Abused Its Dominant Position, Not Used Predatory Pricing(18.01.2022)
National Company Law Appellate Tribunal has refused to set aside the order passed by the Competition Commission of India in 2017 and held that Ola has.....
Tags : National Company Law Appellate Tribunal, Ola, Predatory Pricing
Supreme Court Grants Protection from Arrest to Poonam Pandey in Porn Films Racket Case(19.01.2022)
Supreme Court has granted protection from arrest to actress Poonam Pandey in porn films racket case in the SLP assailing Bombay High Court's judgement.....
Tags : Supreme Court, Poonam Pandey, Porn Films Racket Case
NCLAT: Asset Can be Kept Out of Liquidation Estate if Asset is Sub-Judice Before High Court(24.01.2022)
National Company Law Appellate Tribunal has held that an asset can be kept out of liquidation estate if the said asset is sub-judice before the High C.....
Tags : National Company Law Appellate Tribunal, Asset, Liquidation
NCLAT: Approval of Committee of Creditors Not Mandatory When Seeking Exclusion of Time(24.01.2022)
National Company Law Appellate Tribunal has held that the approval of the Committee of Creditors is not mandatory when seeking exclusion of time in vi.....
Tags : National Company Law Appellate Tribunal, Exclusion of Time
NCLT Benches to Resume Physical Hearing from March 1(24.02.2021)
National Company Law Tribunal (NCLT) has decided to resume physical hearing of cases filed before it from 1st March, 2021. However, if any party expre.....
Tags : National Company Law Tribunal, Physical Hearing
Karnataka HC Asks About Action Taken Over Violation of Guidelines at Panchamasali Rally(02.03.2021)
Karnataka High Court has directed the State government and the city police to submit a report on the action taken over the violation of COVID-19 norms.....
Tags : Karnataka High Court, Panchamasali Rally
Karnataka HC Set Aside Criminal Case against Founders of Unocoin Company(02.03.2021)
Karnataka High Court set aside the criminal case against founders namely B V Harish and Sathvik Vishwanath of Unocoin company for setting up a Bitcoin.....
Tags : Karnataka High Court, Unocoin Company
Calcutta HC Seeks Response in Plea Challenging Expansion of BSF Jurisdiction in West Bengal(15.12.2021)
Calcutta High Court has sought response from the Central government in a Public Interest Litigation (PIL) petition challenging the Central government'.....
Tags : Calcutta High Court, Expansion of BSF Jurisdiction
Supreme Court Issues Notice on Petition Alleging Discrepancies in NEET-PG 2021 Scores(20.12.2021)
Supreme Court has issued notice on a petition alleging serious instances of discrepancies in the scores for NEET-PG 2021 and to further bring to the n.....
Tags : Supreme Court, Discrepancies in NEET-PG 2021 Scores
MP HC Dismisses Plea Seeking to Take Effective Measures to Rule Out Discrepancies in EVMs(22.12.2021)
Madhya Pradesh High Court has dismissed a plea seeking a direction to the Election Commission of India (ECI) to take effective measures to rule out th.....
Tags : Madhya Pradesh High Court, Discrepancies in EVMs
Greater vigilance for multiple directorships and common addresses of companies(03.11.2015)
The Special Investigation Team has sought permission from the Ministry of Corporate Affairs to take action against violations of the Companies Act, 19.....
Tags : Company, address, operating, directorship
Notification regarding specified bank to mean a banking company which is a scheduled bank and has been appointed as an agent under Section 45 of Reserve Bank of India Act, 1934(02.09.2021)
In exercise of the powers conferred by clause (a) of Explanation to section 194P of the Income-tax Act, 1961 (43 of 1961), the Central Government here.....
Tags : Specified bank, Banking company, Notification
Expanding and Deepening of Digital Payments Ecosystem(07.10.2019)
With a view to expanding and deepening the digital payments ecosystem, it has been decided that all State/UT Level Bankers Committees (SLBCs/UTLBCs) s.....
Tags : Expanding, Digital Payments, Ecosystem
RBI imposes monetary penalty on Amrit Malwa Capital Limited, Jalandhar, Punjab(28.09.2021)
The Reserve Bank of India (RBI) has, by an order dated September 28, 2021, imposed a monetary penalty of Rs.10 lakh (Rupees Ten Lakh only) on Amrit Ma.....
Tags : Penalty, Imposition, Company
Pan Masala Packing Machines (Capacity Determination And Collection of Duty) Amendment Rules, 2016(01.03.2016)
The Central Board of Excise and Customs notified Pan Masala Packing Machines (Capacity Determination And Collection of Duty) Amendment Rules, 2016 ame.....
Tags : pan masala, duties, packing machines
NCLAT Withdraws Roster for Urgent Listing(24.03.2020)
National Company Law Appellate Tribunal (NCLAT) has withdrawn the rosters issued in regard to hearing of urgent matters on 25th March, 2020 and 1st Ap.....
Tags : National Company Law Appellate Tribunal, Withdrawal of rosters
NCLT Extends Limitation Period in Pursuance of Supreme Court Orders(25.03.2020)
National Company Law Tribunal (NCLT) has issued a notice intimating all the litigants that the extension of limitation period granted by the Supreme C.....
Tags : National Company Law Tribunal, Extension of Limitation
Allahabad High Court Refuses to Postpone UP Panchayat Elections Due to Covid Surge(08.04.2021)
Allahabad High Court has refused to postpone the Uttar Pradesh Panchayat Election, scheduled to be held from 15th April, 2021, in light of the recent .....
Tags : Allahabad High Court, UP Panchayat Elections
Karnataka HC Quashes Proceedings Against Bengaluru Police Commissioner Kamal Pant(08.02.2022)
Karnataka High Court has quashed the proceedings initiated against Bengaluru Police Commissioner Kamal Pant and two other police officers, for alleged.....
Tags : Karnataka High Court, Bengaluru Police Commissioner Kamal Pant
NCLT Chennai Admits Application Initiating CIRP Against Coastal Energen Pvt. Ltd.(11.02.2022)
National Company Law Tribunal, Chennai has admitted the application of State Bank of India/ Financial Creditor for initiation of corporate insolvency .....
Tags : National Company Law Tribunal, Coastal Energen Pvt. Ltd.
NCLT, Mumbai: Co-Operative Society Is Not a Corporate Person Under IBC(14.02.2022)
National Company Law Tribunal, Mumbai has dismissed an application filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 against Sangola T.....
Tags : National Company Law Tribunal, Co-Operative Society
Expansion of EPF Ambit(06.02.2017)
To bring in more employees from public and private sector into the ambit of Employees' Provident Fund Organization (EPFO), an Employees' Enrolment Cam.....
Tags : Expansion, EPF, Enrolment Campaign, Launch
Central Registration Centre established under Companies Act, 2013(22.01.2016)
The Ministry of Corporate Affairs has established a Central Registration Centre to process and decide applications for reservation of names under the .....
Tags : Central registration, company, name, reservation
Companies (Incorporation) Amendment Rules, 2016(22.01.2016)
The Ministry of Corporate Affairs has notified Companies (Incorporation) Am.....Tags : Company, incorporation, reservation of name
NCLT, Kochi: Only Debts Under ‘Operational Debt’ Can File Application u/s 9 of IBC(26.03.2021)
National Company Law Tribunal (NCLT), Kochi has ruled that only debts covered under the definition of ‘Operational Debt’ can file an application under.....
Tags : National Company Law Tribunal, Application u/s 9 of IBC
Central Government Extends Aadhaar-PAN Linking Deadline Till June 30th(01.04.2021)
Central Government has extended the last date for linking of Aadhaar number with PAN from March, 31 2021 to June, 30 2021.
Tags : Central Government, PAN
Central Government Extends Aadhaar-PAN Linking Deadline Till June 30(02.04.2021)
Central Government has extended the last date for linking of Aadhaar number with PAN has from March, 31 2021 to June, 30 2021, keeping in mind the dif.....
Tags : Central Government, Aadhaar-PAN Linking Deadline
NCLAT: Superseded Director Not Entitled to Notice of CoC Meeting(31.01.2022)
National Company Law Appellate Tribunal has held that there exists a difference between supersession of Directors under the Reserve Bank of India Act,.....
Tags : National Company Law Appellate Tribunal, Superseded Director
SC Sets Aside Delhi HC Orders Initiating Coercive Steps Against Companies and Promoters Biyani(01.02.2022)
Supreme Court has set aside the orders of the Delhi High Court which initiated coercive steps against the companies and its promoters Biyanis for alle.....
Tags : Supreme Court, Coercive Steps Against Companies and Promoters Biyani
#Union Budget 2022-2023: Finance Minister Informs on Expansion of Parivesh for Green Clearances(01.02.2022)
Finance Minister informs on expansion of scope of Parivesh - single window portal for all green clearances. e-Passports to be rolled out in 2022-23 wi.....
Tags : Union Budget, Finance Minister, Expansion of Parivesh for Green Clearances
Comments invited on minimum alternate tax report(28.04.2016)
The Central Board of Direct Taxes is receiving comments on the recommendations of the Committee on Minimum Alternate Tax for Indian Accounting Standar.....
Tags : minimum alternate tax, company, ind as
National Company Law Tribunal effective 1 June 2016(01.06.2016)
The Central Government constituted the National Company Law Tribunal and Appellate Tribunal for hearing matters arising under the Companies Act and th.....
Tags : companies act, bankruptcy code, company law tribunal
SEBI cautions investors against investing in unlisted companies(16.03.2016)
The Securities and Exchange Board of India cautioned against unlisted companies luring retail investors by issuing securities without complying with c.....
Tags : Sebi, unlisted company, investment
NCLT, Delhi: Advanced Deposit Towards Licence Fee Considered as Operational Debt(25.01.2022)
National Company Law Tribunal, Delhi has held that advanced deposit towards license fee would be considered as an Operational Debt and issuance of not.....
Tags : National Company Law Tribunal, Advanced Deposit Towards Licence Fee
NCLT Allows to Replace BoI in NCLT Proceedings Against National Steel & Agro Industries Limited(27.01.2022)
National Company Law Tribunal (NCLT) has allowed an interlocutory application by JM Financial ARC Limited, a third party, to substitute Bank of India .....
Tags : National Company Law Tribunal, National Steel & Agro Industries Limited
NCLT Kochi Allows Initiation of Insolvency Resolution Process Against Personal Guarantor(27.01.2022)
National Company Law Tribunal, Kochi has allowed initiation of Insolvency Resolution Process (IRP) against the Personal Guarantor, Mr. Shahdulla M.I. .....
Tags : National Company Law Tribunal, Insolvency Resolution Process Against Personal Guarantor
NCLT Kochi Allows Initiation of Insolvency Resolution Process Against Personal Guarantor(27.01.2022)
National Company Law Tribunal, Kochi has allowed initiation of Insolvency Resolution Process (IRP) against the Personal Guarantor, Mr. Shahdulla M.I. .....
Tags : National Company Law Tribunal, Insolvency Resolution Process Against Personal Guarantor
NCLT Kochi Allows Initiation of Insolvency Resolution Process Against Personal Guarantor(27.01.2022)
National Company Law Tribunal, Kochi has allowed initiation of Insolvency Resolution Process (IRP) against the Personal Guarantor, Mr. Shahdulla M.I. .....
Tags : National Company Law Tribunal, Insolvency Resolution Process Against Personal Guarantor
Bombay HC Issues Notice on Plea for Restoration of Assault FIR Over Breach of Consent Terms(27.01.2022)
Bombay High Court has issued notice to actor Armaan Kohli on his ex-girlfriend's application to restore the case she filed against him in 2018 while a.....
Tags : National Company Law Tribunal, Insolvency Resolution Process Against Personal Guarantor
ITAT, Ahmedabad: Shares at Face Value by Amalgamated Company Not Covered Under Income Tax Act(16.04.2021)
Income Tax Appellate Tribunal (ITAT), Ahmedabad has ruled that the Shares at ‘face value’ by the amalgamated company to shareholders in pursuance of s.....
Tags : Income Tax Appellate Tribunal, Shares at Face Value by Amalgamated Company
NCLAT, Delhi: Operational Creditor is At Liberty to File Legal Proceedings to Recover Claims(21.02.2022)
National Company Law Appellate Tribunal (NCLAT), Delhi has held that the Operational Creditor is at liberty to file appropriate legal proceedings to r.....
Tags : National Company Law Appellate Tribunal, Operational Creditor
Delhi HC Dismisses PIL Challenging Tender Invitations Issued By PSUs for Empanelment of Law Firms(21.02.2022)
Delhi High Court has dismissed a public interest litigation challenging the Tender invitations issued by Public Sector Undertakings and other register.....
Tags : Delhi High Court, Empanelment of Law Firms
Bombay HC Sets Aside Show Cause Notice Against Bombay Dyeing Company(21.02.2022)
Bombay High Court has set aside a show-cause notice issued 15 years back against Bombay Dyeing and Manufacturing Company Limited, observing that a par.....
Tags : Bombay High Court, Bombay Dyeing Company
NCLAT: Penalty Can Only be Under IBC Code and Not Companies Act Before Adjudicating Authority(22.02.2022)
National Company Appellate Law Tribunal has held that when proceedings before the Adjudicating Authority are being carried out under the Insolvency an.....
Tags : National Company Appellate Law Tribunal, Proceedings Before Adjudicating Authority
SC: Pharmaceutical Companies Gifting Freebies to Doctors is Prohibited by Law(23.02.2022)
Supreme Court held that pharmaceutical companies gifting freebies to doctors is prohibited by law and they cannot claim it as a deduction under Sectio.....
Tags : Supreme Court, Pharmaceutical Companies, Gifting Freebies to Doctors
Panic Button becomes available to women with launch of ERSS and pan-India Emergency number 112(19.02.2019)
Investigation Tracking System for Sexual Offences (ITSSO) and Safe City Implementation Monitoring Portal also launched Rs. 78.86 crores announced to s.....
Tags : Panic Button, Availability, Women
TRAI conducted an Open House Discussion (OHD) on Consultation Paper on "Empanelment of Auditors for Digital Addressable Systems"(18.04.2018)
The Telecom Regulatory Authority of India (TRAI) convened an Open House Discussion (OHD) on Consultation Paper on "Empanelment of Auditors for Digital.....
Tags : Discussion, Empanelment, Auditors
Companies (Acceptance of Deposits) Second Amendment Rules, 2015(15.09.2015)
The Ministry of Corporate Affairs notified amendment to Rule 2(i)(c)(viii) of the Companies (Acceptance of Deposits) Rules, 2014. Aside from being per.....
Tags : Company, director, funds, give, declaration
Extension of time to submit proposals for empanelment in the panel of Auditors to carry out Audit of Digital Addressable Systems(29.04.2019)
The Telecom Regulatory Authority of India (TRAI) had issued Expression of Interest (EOI) for Empanelment of Auditors to Carry out Audit of Digital Add.....
Tags : Time, Extension, Empanelment, Auditors
Commerce Minister Holds Meeting With E-Commerce And Tech Companies(18.06.2019)
Union Minister of Commerce and Industry & Railways, Piyush Goyal, held an extensive consultation with tech industry and e-Commerce companies in New De.....
Tags : Meeting, E-Commerce, Tech Companies
RBI releases proposed changes in regulations applicable to Housing Finance Companies for public comments(17.06.2020)
Post transfer of regulation of HFCs from National Housing Bank (NHB) to Reserve Bank with effect from 9th August , 2019, a Press Release dated August .....
Tags : Changes, Regulations, Housing Finance Companies for
Supreme Court Panel Gives Clean Chit to UP Police in Vikas Dubey Encounter Case(22.04.2021)
Supreme Court Panel has found no evidence of wrongdoing on the part of Uttar Pradesh police in the encounter killings of gangster Vikas Dubey and his .....
Tags : Supreme Court Panel, Vikas Dubey Encounter Case
Madras HC Enquires About State’s Preparedness to Handle Covid-19 Pandemic(23.04.2021)
Madras High Court has enquired about the State's preparedness to handle the COVID-19 pandemic, taking suo motu notice of newspaper reports about diver.....
Tags : Madras High Court, Covid-19 Pandemic
Supreme Court Directs Govt. to Produce Medical Records of Siddique Kappan(27.04.2021)
Supreme Court has directed the State Government to produce medical records of Kerala based Journalist Siddique Kappan, who is allegedly "chained like .....
Tags : Supreme Court, Medical Records of Siddique Kappan
Allahabad HC Issues Notice Over Death of 135 Panchayat Election Duty Staff(28.04.2021)
Allahabad High Court has taken Judicial notice of the death of 135 persons, who were on election duty during Panchayat elections in the State, due to .....
Tags : Allahabad High Court, Death of 135 Panchayat Election Duty Staff
NCLT, Kochi: Initiation of CIRP Not Mandatory for Application Against Personal Guarantors(28.02.2022)
National Company Law Tribunal, Kochi has held that when an application for initiation of corporate insolvency resolution process (CIRP) is pending bef.....
Tags : National Company Law Tribunal, Application Against Personal Guarantors
Karnataka HC Directs State to Consider Suggestions Made by Inquiry Panel on Oxygen Shortage(13.05.2021)
Karnataka High Court has directed the State Government to consider the suggestions made by the committee of Karnataka State Legal Service Authority, h.....
Tags : Karnataka High Court, Inquiry Panel on Oxygen Shortage
NCLAT, New Delhi Dismisses NOIDA Appeal Against Order Directing Participation in CIRP Process(09.03.2022)
National Company Law Appellate Tribunal, New Delhi has dismissed the Appeal preferred by New Okhla Industrial Development Authority (NOIDA) against th.....
Tags : National Company Law Appellate Tribunal, Participation in CIRP Process
NCLT, New Delhi: Proceedings u/s 95 IBC Shall Abate on Death of Personal Guarantor(11.03.2022)
National Company Law Tribunal, New Delhi has rejected an application filed by the Financial Creditor under Section 95 of the Insolvency and Bankruptcy.....
Tags : National Company Law Tribunal, Death of Personal Guarantor
Allahabad HC: Director Not Involved in Day-to-Day Affairs of Company Cannot be Prosecuted(11.03.2022)
Allahabad High Court has held that a director, who is not involved in the day to day affairs of a company, cannot be prosecuted for the offence under .....
Tags : Allahabad High Court, Day-to-Day Affairs of Company
NCLAT: Failure to Reply to Demand Notice Does Not Preclude Corporate Debtor from Raising Dispute(15.03.2022)
National Company Law Appellate Tribunal has held that the mere fact that the corporate debtor did not reply to the demand notice by the Operational Cr.....
Tags : National Company Law Appellate Tribunal, Failure to Reply to Demand Notice
Companies Rules Amended to Mandate Disclosure of Compliance With Sexual Harassment Act(16.08.2018)
Ministry of Corporate Affairs has amended Companies (Accounts) Rules, 2014 to mandate the disclosure regarding the implementation of Sexual Harassment.....
Tags : Companies Rules, Sexual Harassment
NCLAT Directs Partial Temporary Relaxation on Physical Filing Due to Surge in Covid 19 Cases(25.05.2021)
National Company Law Appellate Tribunal has directed partial temporary relaxation in physical filing as per its earlier Standard Operating Procedure d.....
Tags : National Company Law Appellate Tribunal, Partial Temporary Relaxation on Physical Filing
NCLT, Bengaluru Orders Forcible Liquidation and Winding Up of Devas Multimedia(27.05.2021)
National Company Law Tribunal, Bengaluru has ordered the forcible liquidation and winding up of Devas Multimedia by allowing a petition filed Indian S.....
Tags : National Company Law Tribunal, Winding Up of Devas Multimedia
SC Issues Notice on NCLT Bar Association's Petition Challenging MCA Notification(06.04.2022)
Supreme Court has issued notice in a writ petition that seeks to change the term of 3 years fixed by a notification issued by the Ministry for the mem.....
Tags : Supreme Court, 3 years, National Company Law Tribunal, 5 years, Section 408 of the Companies Act, 2013
NCLAT: No Bar in Pendency of Execution Proceedings u/s 9 IBC(07.04.2022)
National Company Law Appellate Tribunal has observed that the pendency of an execution petition does not bar the operational creditor from filing a pe.....
Tags : National Company Law Appellate Tribunal, execution petition, Section 9 of the Insolvency and Bankruptcy Code, 2016
Karnataka HC Asks on Details of Health Policy in Plea Seeking Hospital Facility in Gram Panchayats(08.06.2021)
Karnataka High Court has asked the State government to submit details of its health policy, if any, as a litigant has sought a direction to the govern.....
Tags : Karnataka High Court, Hospital Facility in Gram Panchayats
SC Directs State to Ensure No Break in Education of Children Orphaned by Pandemic(09.06.2021)
Supreme Court has directed State Governments and Union Territories to ensure that there is no break in the education of children who have become orpha.....
Tags : Supreme Court, No Break in Education of Children Orphaned by Pandemic
NCLAT, Delhi: Fresh Resolution Plan Cannot be Considered by Committee of Creditors(25.04.2022)
National Company Law Appellate Tribunal (NCLAT), Delhi has held that a fresh resolution plan cannot be considered by a Committee of Creditors (COC) on.....
Tags : National Company Law Appellate Tribunal, Fresh Resolution Plan
NCLAT, Delhi: Amount Given as Share Application Money is Not Covered Under Financial Debt(25.04.2022)
National Company Law Appellate Tribunal (NCLAT) , Delhi has held that money given as Share Application Money cannot be treated as a financial debt in .....
Tags : National Company Law Appellate Tribunal, Share Application Money
NCLT Cuttack: CIRP Can’t be Initiated Over Undecided Claims or Unstamped Agreements(26.04.2022)
National Company Law Tribunal, Cuttack has ruled that Corporate Insolvency Resolution Process cannot be initiated based on undecided claims and/or uns.....
Tags : National Company Law Tribunal, Corporate Insolvency Resolution Process, compulsory registration
NCLAT, Delhi: Time Period Under Regulation 35A is Directory, Not Mandatory(27.04.2022)
National Company Law Appellate Tribunal, has observed that period of time prescribed under Regulation 35A of the IBBI (Insolvency Resolution Process f.....
Tags : National Company Law Appellate Tribunal, Regulation 35A, IBBI (Insolvency Resolution Process for Corporate Persons) (CIRP) Regulations, 2016
NCLAT Delhi: Resolution Professional Cannot Decide Eligibility Under Section 29A IBC(07.04.2022)
National Company Law Appellate Tribunal has observed that the Resolution Professional is not required to take a decision in regard to the ineligibili.....
Tags : National Company Law Appellate Tribunal, Resolution Professional, Section 29A of the Insolvency & Bankruptcy Code, 2016, Resolution Applicant
NCLT, Bengaluru Dismisses Insolvency Petition Against Café Coffee Day(07.04.2022)
National Company Law Tribunal, Bengaluru has dismissed the insolvency petition filed against the parent company of Cafe Coffee Day namely Coffee Day G.....
Tags : National Company Law Tribunal, parent company, Cafe Coffee Day, Coffee Day Global Limited, Cooperative Rabobank U.A
Supreme Court: Mere Amalgamation Would Not invalidate Income Tax Proceedings(07.04.2022)
Supreme Court has held that whether corporate death of amalgamating entity upon amalgamation invalidates an order of assessment issued under the Incom.....
Tags : Supreme Court, amalgamation, Income Tax Act, 1961, Section 481 of the Companies Act, 1956
Delhi HC: Breach of Contract u/s 74 Not Applicable at Pre-Formation Stage(07.04.2022)
Delhi High Court has admitted a writ petition that seeks refund of bid security paid by Indian Hotels Company Limited (IHCL) and has dismissed the all.....
Tags : Delhi High Court, bid security, Indian Hotels Company Limited, pre-formation stage, breach of contract
NCLT, Kolkata: Corporate Debtor Cannot Be Sent Into Liquidation(08.04.2022)
National Company Law Tribunal, Kolkata has observed that just because the liquidation value is being projected higher than the value of the resolutio.....
Tags : National Company Law Tribunal, liquidation value, resolution plan, Corporate Debtor, liquidation
NCLT, Kolkata: IRP Against Legal Heirs of Personal Guarantor by Financial Creditor Not Permissible(11.04.2022)
National Company Law Tribunal, Kolkata has held that the application is not maintainable against legal heirs of the Personal Guarantor under the Insol.....
Tags : National Company Law Tribunal, Financial Creditor, Personal Guarantor, Bank of Baroda
Relaxations for Listed Companies having stressed assets(23.06.2020)
SEBI has decided to relax the pricing methodology for preferential issues by listed companies having stressed assets and exempt allottees of preferent.....
Tags : Relaxations, Listed Companies, Stressed assets
MAT no longer applicable to foreign companies(24.09.2015)
Government of India has decided that with effect from 01.04.2001, the provisions of Section 115JB of the Income Tax Act, 1961 will not be applicable t.....
Tags : Mat, 115jb, income tax, foreign company
NCLAT, Delhi: Time Period Under Regulation 35A is Directory, Not Mandatory(27.04.2022)
National Company Law Appellate Tribunal, has observed that period of time prescribed under Regulation 35A of the IBBI (Insolvency Resolution Process f.....
Tags : National Company Law Appellate Tribunal, Regulation 35A, IBBI (Insolvency Resolution Process for Corporate Persons) (CIRP) Regulations, 2016
Calcutta HC: Electricity Distribution Company Can Install Electric Poll on Private Land(28.04.2022)
Calcutta High Court has observed that West Bengal State Electricity Distribution Company Limited has the right to install electric polls on private la.....
Tags : Calcutta High Court, West Bengal State Electricity Distribution Company Limited, electric connection
NCLAT: Interest Free Security Deposit is an Operational Debt(28.04.2022)
National Company Law Appellate Tribunal has observed that an interest free security deposit towards advance license fee will qualifies as an operation.....
Tags : National Company Law Appellate Tribunal, interest free, security deposit, Insolvency & Bankruptcy Code, 2016
NCLAT: Territorial Jurisdiction Cannot be Taken Away by Agreement Between Parties(28.04.2022)
National Company Law Appellate Tribunal has observed that the territorial jurisdiction of NCLT to decide a case under the Insolvency and Bankruptcy Co.....
Tags : National Company Law Appellate Tribunal, Insolvency and Bankruptcy Code, 2016, territorial jurisdiction
NCLAT: Resolution Professional Can Submit An Additional Report Under Section 99 I&B Code(29.04.2022)
National Company Law Appellate Tribunal has observed that the Resolution Professional can submit an additional report under Section 99 of the Insolven.....
Tags : National Company Law Appellate Tribunal, Section 99, Insolvency & Bankruptcy Code, 2016
NCLAT: If Credit Facility Agreement is Unstamped, Petition U/S Section 7 is Maintainable(29.04.2022)
National Company Law Appellate Tribunal has observed that if a credit facility agreement is unstamped, then petition under Section 7 of the Insolvency.....
Tags : National Company Law Appellate Tribunal, credit facility, Section 7, Insolvency and Bankruptcy Code, 2016
SC: Concerned That AGR Dues Will Be 'Wiped Out' in IBC Process(21.08.2020)
Supreme Court has remarked that it was wary of Aggregate Gross Revenue-related dues owed to the Government being wiped out in light of the insolvency .....
Tags : Supreme Court, AGR Dues of Telecommunication Companies
NCLT, Mumbai Initiates Insolvency Process Against Anil Ambani Over Personal Guarantee(24.08.2020)
National Company Law Tribunal, Mumbai has allowed an application filed by State Bank of India to initiate insolvency proceedings against Reliance Comm.....
Tags : National Company law Tribunal, Anil Ambani
SC Asks DoT Details of Spectrum Sharing Arrangements by Telecom Companies(24.08.2020)
Supreme Court has directed the Department of Telecom (DoT) to inform of the basis of spectrum sharing done by telecom companies and how much is the li.....
Tags : Supreme Court, Spectrum Sharing Arrangements by Telecom Companies
LCIA Rules Against Djibouti’s Port Company in Dispute with DP World(13.07.2021)
London Court of International Arbitration (LCIA) has ruled against Djibouti’s port company, Port de Djibouti S.A. (PDSA), in its dispute with DP World.....
Tags : London Court of International Arbitration, Djibouti’s Port Company
Gujarat HC Directs SEC to Proceed with Taluka Panchayat Bye Election(19.07.2021)
Gujarat High Court has observed that an election candidate dying after the polls but before declaration of result will not be able to fill the seat an.....
Tags : Gujarat High Court, Taluka Panchayat Bye Election
SC: Appeal to NCLAT Shall Be Filed Within Period of 30 Days(13.05.2022)
Supreme Court has reiterated that an appeal against the order of National Company Law Tribunal (NCLT) shall be filed before the NCLAT within a period.....
Tags : Supreme Court, National Company Law Tribunal , thirty days, fifteen days
NCLAT, Delhi: Arrears of Salary Accumulated for More Than Three Years Are Not Eligible for CIRP(13.05.2022)
National Company Law Appellate Tribunal, New Delhi has ruled that arrears of salary due beyond a period of three years would be barred by limitation f.....
Tags : National Company Law Appellate Tribunal, three years, Corporate Insolvency Resolution Process, limitation
NCLAT: NCLT Doesn't Have Power to Classify Transaction As Preferential Transaction(16.05.2022)
National Company Law Appellate Law Tribunal, has observed that NCLT does not have the power to suo-moto classify a transaction as a Preferential Trans.....
Tags : National Company Law Appellate Law Tribunal, Section 44, Insolvency and Bankruptcy Code, 2016, Preferential Transaction
NCLAT: Salary Incrementation is Valid by Employment Agreement or Board Resolution(16.05.2022)
National Company Law Appellate Tribunal, (NCLAT) has observed that salary incrementation is valid only by an employment agreement or board resolution .....
Tags : National Company Law Appellate Tribunal, Insolvency and Bankruptcy Code, 2016, Section 9
NCLAT: Insolvency Cannot be Initiated on Basis of Unpaid LTC And Leave Encashment Dues(16.05.2022)
National Company Law Appellate Tribunal, has ruled that the welfare claims such as Leave Encashment, superannuation dues are not operational debt for .....
Tags : National Company Law Appellate Tribunal, Leave Encashment, Corporate Debtor, Section 9, Insolvency & Bankruptcy Code, 2016, superannuation dues
NCLAT: Salary Incrementation is Valid by Employment Agreement or Board Resolution(16.05.2022)
National Company Law Appellate Tribunal, (NCLAT) has observed that salary incrementation is valid only by an employment agreement or board resolution .....
Tags : National Company Law Appellate Tribunal, Insolvency and Bankruptcy Code, 2016, Section 9
SC: Appeal Under IBC is Valid Only if it is Initiated Within 30 days From Date of Order(17.05.2022)
Supreme Court has ruled that an appeal under the Insolvency and Bankruptcy Code, 2016 (IBC) is only acceptable if it is filed within 30 days from the .....
Tags : Supreme Court, Insolvency and Bankruptcy Code, 2016, 30 days, National Company Law Tribunal
NCLT, Chennai: No Conflict Among Prohibition of Benami Property Transaction Act and IBC, 2016(06.05.2022)
National Company Law Tribunal, Chennai has ruled that there is no conflict between the Prohibition of Benami Property Transaction Act, 1988 and the In.....
Tags : National Company Law Tribunal, Prohibition of Benami Property Transaction Act, 1988, Insolvency and Bankruptcy Code, 2016, attachment of property
NCLT: Committee of Creditors Are Competent to Revise Approved Fees of Resolution Professional(09.05.2022)
National Company Law Appellate Tribunal has ruled that the Committee of Creditors is fully competent to revise its earlier approval of the fees of the.....
Tags : National Company Law Appellate Tribunal, Committee of Creditors, Resolution Professional
SC Asks States to Ensure Children Attend School; Panel to Make Web Portal(10.05.2022)
Supreme Court has said that there is an obligation on all the states and Union Territories to ensure that children attend schools who had to drop out .....
Tags : Supreme Court , coronavirus pandemic, livelihood
SC: NBFCs Cannot be Regulated by State Enactments(11.05.2022)
Supreme Court has ruled that state laws cannot govern Reserve Bank of India-regulated non-banking financial companies (NBFCs). The top court stated th.....
Tags : Supreme Court, Non-banking financial companies, Reserve Bank of India
NCLT, Delhi: NCLT Empowered to Pierce Corporate Veil to Ascertain True Successful Bidder(11.05.2022)
National Company Law Tribunal, New Delhi has held that it has the power to pierce the corporate veil to establish the real successful bidder. The corp.....
Tags : National Company Law Tribunal, corporate personality, legitimate purposes
NCLAT: Threshold of Rs.1 Crore Is Required for Initiation of CIRP(12.05.2022)
National Company Law Appellate Tribunal (NCLAT) has ruled that an application filed after 24.03.2020 under Section 7 of the Insolvency and Bankruptcy .....
Tags : National Company Law Appellate Tribunal, Section 7, Insolvency and Bankruptcy Code, 2016, threshold, One Crore
Defending a Maoist in Court Not a Crime: Madras High Court(05.11.2018)
Madras High Court has observed that appearing for a Maoist is not a crime and if a Maoist accused of an offence seeks the professional assistance of a.....
Tags : Delhi High Court, Ashish Pandey
#Major Changes Implementing From Today: Buying Television Sets Becomes Expensive(01.10.2020)
Open cell panels will attract 5% import duty from 1st October, 2020 with the Government saying that the one-year duty exemption expiring at the end of.....
Tags : Television Sets, Open Cell Panels, Import Duty
SC: Fact That Kirpan Can be Used as Weapon Does Not Ipso Facto Make it Weapon of Offence(09.08.2021)
Supreme Court has acquitted an accused of murder charge, observing that the fact that kirpan carried by members of a specific community as part of rel.....
Tags : Supreme Court, Kirpan
Delhi Court Dismisses Plea Seeking NIA Probe into Origins of Covid 19 Pandemic(13.08.2021)
Delhi Court has dismissed the plea moved by Former Director General of Health Services and Padma Shree Awardee Dr. Jagdish Prasad seeking registration.....
Tags : Delhi Court, NIA Probe into Origins of Covid 19 Pandemic
ITAT: 100% Deduction U/S 80IC of IT Act allowable when Industry undergone Substantial Expansion(05.07.2022)
Income Tax Appellate Tribunal (ITAT), Delhi Bench has held that 100% deduction under Section 80IC of Income-Tax (IT) Act, 1961 is allowable when an in.....
Tags : ITAT, Substantial Expansion, 100% Deduction
SC Upholds Bombay HC Order: Hold Goa Panchayat Elections Within 45 Days(07.07.2022)
Supreme Court has upheld the order of Bombay High Court at Goa which had directed the State of Goa and the State Election Commission to ensure that th.....
Tags : Supreme Court, Goa Panchayat Election
Kerala HC Dismisses Plea Against EC’s Decision Disqualifying Members of Gram Panchayat(02.11.2020)
Kerala High Court has dismissed Writ Petitions filed against the decision of Election Commission of India declaring the petitioners "disqualified" for.....
Tags : Kerala High Court, Gram Panchayat
NCLT Allows Initiation of Personal Insolvency Against Venugopal Dhoot(02.09.2021)
National Company Law Tribunal (NCLT), Mumbai has admitted a personal insolvency petition against Videocon promoter Venugopal Dhoot just a day after th.....
Tags : National Company Law Tribunal, Venugopal Dhoot
SEBI Directs Investors to Link PAN with Aadhaar Before September 30(06.09.2021)
Securities Exchange Board of India (SEBI) has directed the investors to link PAN with Aadhaar before September 30th, 2021. As per Central Board of Dir.....
Tags : Securities Exchange Board of India, Link PAN with Aadhaar
Madras HC to Police: Register Case for Fraudulent Appointment in Panchayat Office(28.07.2022)
Madras High Court has directed the jurisdictional police to register a criminal case and proceed according to the law in the matter pertaining to frau.....
Tags : Madras High Court, Police, Fraudulent Appointment, Panchayat
NCLAT: Liability of Personal Guarantor Survives Even on Becoming Citizen of Foreign Country(02.08.2022)
National Company Law Appellate Tribunal (NCLAT), New Delhi Bench has held that liability of Personal Guarantor doesn’t extinguishes upon subsequent ac.....
Tags : National Company Law Appellate Tribunal, Personal Guarantor, Foreign Citizenship
Bombay HC: Plea Challenging Rejection of Nomination Papers Cannot be Entertained(18.01.2021)
Bombay High Court has held that a writ petition under Article 226 of the Constitution of India, 1949 challenging the rejection of nomination papers by.....
Tags : Bombay High Court, Gram Panchayat election process
NCLT, Mumbai: Advance Amount Received by Property Owner is Operational Debt(18.01.2021)
National Company Law Tribunal (NCLT), Mumbai has ruled that the advance amount received by a property owner from the real-estate developer for a re-de.....
Tags : National Company Law Tribunal, Operational Debt
NCLT Admits ISRO-Arm Antrix's Plea to Wind Up Devas Multimedia(20.01.2021)
National Company Law Tribunal, Bengaluru, has admitted the petition filed by Indian Space Research Organization's commercial arm Antrix Corporation Lt.....
Tags : National Company Law Tribunal, Devas Multimedia
P&H HC Issues Notice on Plea Challenging Haryana Panchayati Raj (Second Amendment) Act(20.01.2021)
Punjab and Haryana High Court has issued notice on a writ petition challenging the vires of the Haryana Panchayati Raj (Second Amendment) Act, 2020, w.....
Tags : Punjab and Haryana High Court, Haryana Panchayati Raj (Second Amendment) Act, 2020
Allahabad HC Dismisses Plea by Hindu Mahasabha Leader for Quashing FIR and Stay of Arrest(25.01.2021)
Allahabad High Court has dismissed a writ petition filed by Ashok Kumar Pandey, Hindu Mahasabha Leader from Aligarh praying for quashing of a First In.....
Tags : Allahabad High Court, Ashok Kumar Pandey
Lucknow Court Denies Bail to Siddique Kappan in PMLA Case(01.11.2022)
Lucknow Sessions Court has rejected the bail plea filed by Kerala journalist Siddique Kappan in connection with a Prevention of Money Laundering Act (.....
Tags : Lucknow Sessions Court, Siddique Kappan, PMLA
Kerala HC Directs Government to Remove Discrepancy in Date and Venue of Vaccination Details(12.11.2021)
Kerala High Court has directed the government to remove the discrepancy in the date and venue of the petitioner's vaccination details on the CoWin por.....
Tags : Kerala High Court, Discrepancy in Date and Venue of Vaccination Details
NCLT: Indemnity of Obligations Under an Agreement Is Not 'Financial Debt' Under IBC(14.10.2022)
National Company Law Tribunal, Mumbai while adjudicating an application has observed that indemnity of the obligations under the Agreement is not a 'f.....
Tags : National Company Law Tribunal, financial debt, indemnity, Agreement
NCLAT: COC's Decision For Liquidation Is Open To Judicial Review By NCLT And NCLAT(19.10.2022)
National Company Law Appellate Tribunal, Delhi has ruled that when the Committee of Creditors (CoC) decides to liquidate the Corporate Debtor, the dec.....
Tags : National Company Law Appellate Tribunal, Committee of Creditors, Corporate Debtor, liquidation
NCLAT: AA Can Consider Any Application Arising Out Of Sale In Liquidation(19.10.2022)
National Company Law Appellate Tribunal, Delhi has observed that the Adjudicating Authority (AA) is empowered to consider any application filed by the.....
Tags : National Company Law Appellate Tribunal, Liquidator, Auction, Adjudicating Authority
NCLT Delhi Dismisses Plea For Initiation Of CIRP Against Developer(20.10.2022)
National Company Law Tribunal, New Delhi has rejected the petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, holding that if the al.....
Tags : National Company Law Tribunal, allottees, Developer
NCLAT: Stage for Considering Default in Order at Time When Matter Taken Up u/s 100 IBC(07.01.2022)
National Company Law Appellate Tribunal has held that when an application is filed under Section 95 of the Insolvency and Bankruptcy Code, 2016, the A.....
Tags : National Company Law Appellate Tribunal, Stage for Considering Default in Order
NCLAT Refuses to Grant Interim Relief to Amazon Against CCI Order Suspending Deal(14.01.2022)
National Company Law Appellate Tribunal has refused to grant interim relief to Amazon against its plea challenging the order of the Competition Commis.....
Tags : National Company Law Appellate Tribunal, Amazon
NCLAT: Successful Bidder Cannot be Permitted to Wriggle Out of Bid Claiming Conditional Offer(17.01.2022)
National Company Law Appellate Tribunal has held that a Successful Bidder cannot wriggle out of the contractual obligations and withdraw the bid after.....
Tags : National Company Law Appellate Tribunal, Successful Bidder
Kerala HC: Directors of Company Cannot be Implicated Without Specific Averments(17.01.2022)
Kerala High Court has ruled that Directors of a company cannot be implicated without specific averments indicating their role in the offence, particul.....
Tags : Kerala High Court, Directors of Company
Cal. HC: Object of S. 60(2) IBC is to Group Together CIRP Proceedings Before Single Forum(21.12.2022)
Calcutta High Court has held that object of Section 60(2) of IBC 2016 is to group together CIRP of corporate debtor and insolvency liquidation proceed.....
Tags : Calcutta High Court, IBC, CIRP, National Company Law Tribunal
NCLT Directs Indiabulls Real Estate to Discuss Embassy Merger with Shareholders(27.12.2021)
National Company Law Tribunal (NCLT) has directed realty developer Indiabulls Real Estate to convene a meeting of its shareholders to discuss and seek.....
Tags : National Company Law Tribunal, Merger of Indiabulls with Embassy Group
Karnataka High Court Stays Retrospective Payment of Tax on Annuity to Infra Companies(27.12.2021)
Karnataka High Court has stayed proceedings initiated by the goods and services tax (GST) authorities seeking retrospective payment of tax on annuity .....
Tags : Karnataka High Court, Retrospective Payment of Tax on Annuity to Infra Companies
UttaraKhand HC: Owner Must Follow Manner Provided by Law to Dispossess Even an Unauthorized Occupant(04.01.2023)
Uttarakhand High Court has held that although it is settled position in law that injunction cannot be granted against true owner of the property, even.....
Tags : Uttarakhand High Court, Unauthorized Occupant, Owner
Kar. HC: RERA Has No Authority Over Projects Granted Partial OC Prior to Enforcement of Act(05.01.2023)
Karnataka High Court has held that due to issuance of occupancy certificate (OC) prior to enforcement of Act, the project loses its character, as an o.....
Tags : Karnataka High Court, Occupancy Certificate, RERA, Jurisdiction, Ongoing Project
NCLAT to Google: Deposit 10% of Penalty as Interim Measure(06.01.2023)
National Company Law Appellate Tribunal (NCLAT), Principal Bench while adjudicating an appeal filed in Google LLC & Anr. v CCI, has admitted Google’s .....
Tags : National Company Law Appellate Tribunal, Google, CCI, Penalty
NCLT, Jaipur: Personal Guarantors of NBFC/FSC Cannot be Proceeded Against Unless Threshold Satisfied(28.02.2022)
National Company Law Tribunal, Jaipur has held that Personal Guarantors of Non-Banking Finance Company/ Financial Services Provider cannot be proceede.....
Tags : National Company Law Tribunal, Personal Guarantors of NBFC/FSC
Allahabad High Court Seeks UP Govt's Counter Affidavit on Siddique Kappan Bail Plea(02.03.2022)
Allahabad High Court has sought the response of the Uttar Pradesh Government on the bail plea filed by Kerala journalist Siddique Kappan in connection.....
Tags : Allahabad High Court, Siddique Kappan
NCLT, Mumbai: Retired Partner Cannot Initiate Resolution Proceedings to Claim Retirement Dues(02.03.2022)
National Company Law Tribunal, Mumbai has rejected the Section 9 application filed by the Operational Creditor on the ground that a retired partner ca.....
Tags : National Company Law Tribunal, Retired Partner. Retirement Dues
NCLAT, Chennai: Suspended Board of Directors Do Not Have Powers to Appoint Resolution Professional(02.03.2022)
National Company Law Appellate Tribunal, Chennai has held that the suspended Board of Directors has no power under the Insolvency and Bankruptcy Code,.....
Tags : National Company Law Appellate Tribunal, Powers to Appoint Resolution Professional
Bom. HC: Non-Performance of Statutory Duties Won’t Automatically Disqualify Sarpanch(27.02.2023)
Bombay High Court has held that merely because a sarpanch of a village has not performed his statutory duties, he cannot be disqualified from the post.....
Tags : Bombay High Court, Sarpanch, Statutory Duties
Bombay HC: Can’t Disqualify Sarpanch for Holding Consecutive Meetings(28.02.2023)
Bombay High Court has held that Sarpanch can’t be disqualified for holding consecutive meetings as it doesn’t amount to any statutory violation becaus.....
Tags : Bombay High Court, Sarpanch, Gram Sabha, Maharashtra Village Panchayat Act
NCLT: Filing of Default Record Necessary for Section 7 IBC Filings(13.05.2020)
National Company Law Tribunal has directed filing of default record from Information utility along with new Petitions under Section 7 of the Insolvenc.....
Tags : National Company Law Tribunal, Filing of Default Record
Supreme Court Directs Shifting of Siddique Kappan from Mathura Jail to Delhi for Treatment(28.04.2021)
Supreme Court has directed that Kerala journalist Siddiqque Kappan be shifted from Mathura Jail in Uttar Pradesh to a government hospital in Delhi for.....
Tags : Supreme Court, Siddique Kappan
Ministry of Corporate Affairs Extends Period for Holding Meetings of Board of Companies(04.05.2021)
Ministry of Corporate Affairs has notified that the requirement of holding meetings of the Board of the companies as per section 173 of the Companies .....
Tags : Ministry of Corporate Affairs, Meetings of Board of Companies
NCLT Kochi Allows Promoter of Corporate Debtor MSME to File Resolution Plan in Individual Capacity(07.05.2021)
National Company Law Tribunal, Kochi has held that the promoter of an MSME can submit a Resolution Plan Application in his individual capacity, and th.....
Tags : National Company Law Tribunal, Filing of Resolution Plan
NCLT Orders Insolvency Proceedings Against Supertech in Rs. 432 Crore Default Case(28.03.2022)
National Company Law Tribunal (NCLT) has declared Real estate developer Supertech bankrupt by the. The Court has ordered initiation of insolvency proc.....
Tags : National Company Law Tribunal, Supertech
SC Upholds 'Change In Law' Compensation for Adani Power(07.03.2023)
Supreme Court while criticizing State Distribution Companies for taking a stand contrary to that of the Union regarding grant of "Change in Law" compe.....
Tags : Supreme Court, Adani Power, Change in Law, Distribution Companies
Calcutta HC Modifies Order on Entry Restrictions in Durga Puja Pandals(22.10.2020)
Calcutta High Court has modified its order making Durga Puja pandals as no-entry zones to allow Dhakis, traditional drummers who play Dhak, in the no-.....
Tags : Calcutta High Court, Entry Restrictions in Durga Puja Pandals
MP HC Stresses Need for Orientation Program for Fresher-Panel Lawyers(23.10.2020)
Madhya Pradesh High Court has stressed on the need to provide Panel Lawyers, who are freshers and are representing the State for the first time, prope.....
Tags : Madhya Pradesh High Court, Orientation Program for Fresher-Panel Lawyers
SC Upholds Manipur HC's Directions on Pandemic Management(07.09.2021)
Supreme Court has dismissed a special leave petition filed by the Manipur State Government challenging the High Court's order in which the Court had d.....
Tags : Supreme Court, Pandemic Management
Karnataka HC Directs to Ensure Insurance Companies Transfer Unclaimed Policy Amounts(09.09.2021)
Karnataka High Court has directed the Insurance Regulatory and Development Authority (IRDA) to ensure that all insurance companies follow the master c.....
Tags : Karnataka High Court, Insurance Companies Transfer Unclaimed Policy Amounts
SC: NCLAT Has No Jurisdiction to Condone Delay Exceeding 15 Days From Period Of 30 Days(15.09.2021)
Supreme Court observed that the National Company Law Appellate Tribunal (NCLAT) has no jurisdiction to condone the delay exceeding 15 days from the pe.....
Tags : Supreme Court, National Company Law Appellate Tribunal, Condonation of Delay
Bom HC: Two Children Limit for Panchayat Members Excludes Step-Children(21.08.2023)
Bombay High Court while observing that objective of two children policy was to disqualify a panchayat member responsible for the birth of more than tw.....
Tags : Bombay High Court, Panchayat Members, Two Children
SC Stays Delhi HC’s Direction to Insurance Company to Provide Life-Time Warranty on Prosthetic Limbs(11.02.2021)
Supreme Court has issued notice in a plea filed challenging the Delhi High Court's order directing the Insurance Company to provide a life time warran.....
Tags : SC, Insurance Company
NCLAT Refuses to Entertain Devas Shareholder's Appeal Against Order Appointing Liquidator(15.02.2021)
National Company Law Appellate Tribunal(NCLAT), Chennai has refused to entertain an appeal filed by Devas Mauritius Employees Private Ltd - a sharehol.....
Tags : National Company Law Appellate Tribunal, Devas Multimedia Private Ltd., Antrix Corporation Ltd
SC Directs Bajaj Allianz to Come Up with Draft Guidelines for Compensation Disbursement Process(15.02.2021)
Supreme Court has directed the Bajaj Allianz General Insurance Company, to come up with draft guidelines for facilitating compensation disbursement pr.....
Tags : Supreme Court, Bajaj Allianz General Insurance Company, Compensation Disbursement Process
Delhi HC Delineates Circumstances to Invoke Group of Companies Doctrine(11.10.2022)
Delhi High Court has held each Company is a separate legal entity, hence, an agreement entered into by one of the Companies in a group, cannot be bind.....
Tags : Delhi High Court, Group of Company, Arbitration Agreement
Mad. HC: Unauthorized Occupant Can’t Claim Protection U/A 21 if Eviction is Lawful(27.11.2023)
Madras High Court has held that once it is found that the petitioner was unauthorisedly occupying the government property and if the procedure of law .....
Tags : Madras High Court, Unauthorized Occupant, Eviction
Ministry of Corporate Affairs Notifies Companies (Incorporation) Amendment Rules, 2021(28.01.2021)
Ministry of Corporate Affair (MCA) has notified Companies (Incorporation) Amendment Rules, 2021 which sought to amend the Companies (Incorporation) Ru.....
Tags : Ministry of Corporate Affairs, Companies (Incorporation) Amendment Rules, 2021
MCA Notifies Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2021(03.02.2021)
Ministry of Corporate Affairs (MCA) has notified the Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2021 so as to enable the.....
Tags : Ministry of Corporate Affairs, Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2021
Delhi HC Rejects PIL Seeking Release of Persons "Illegally" Detained During Farmers' Tractor Rally(03.02.2021)
Delhi High Court has dismissed a Public Interest Litigation (PIL) petition filed by a law graduate seeking release of participants of farmers tractor .....
Tags : Delhi High Court, Release of Participants of Farmers Tractor Rally
Bom. HC: SC’s Judgment in ‘Pankaj Bansal’ Case Applies Prospectively(08.11.2023)
Bombay High Court while refusing relief to Jet Airways founder Naresh Goyal in PMLA case has observed that Supreme Court’s judgement in Pankaj Bansal’.....
Tags : Bombay High Court, PMLA, Pankaj Bansal, Prospectively
Titanium Company Scam: Kerala High Court Orders CBI Investigation(16.11.2023)
Kerala HC has directed the Central Government to order the CBI to investigate the corruption allegations involving high officials of Titanium Company .....
Tags : Kerala HC , CBI , Titanium Company , Metallurgical & Engineering Consultants (India) Limited
NCLAT, Delhi: Order of Mediation Along with Dishonoured Cheques Not Extension of Limitation(14.02.2022)
National Company Law Appellate Tribunal, Delhi has held that an order of mediation along with dishonoured cheques does not imply an extension of limi.....
Tags : National Company Law Appellate Tribunal, Extension of Limitation
NCLT, Mumbai: Pre-requisite of Notice to Personal Guarantor Satisfied on Service as Per Form B(15.02.2022)
National Company Law Tribunal, Mumbai has admitted the application filed by the Union Bank of India/Financial Creditor under Section 95 of the Insolve.....
Tags : National Company Law Tribunal, Pre-requisite of Notice
NCLAT, Delhi: After Adoption Of Swiss Challenge Method, RA Not Allowed To Submit Revised Plan(27.01.2023)
National Company Law Appellate Tribunal while adjudicating an appeal filed in Jindal Stainless Ltd. v Mr. Shailendra Ajmera & Anr., has observed that .....
Tags : National Company Law Appellate Tribunal, Resolution, adoption
NCLAT, Chennai: No Condonation Beyond 45 Days, IBC Overrides Limitation Act(27.01.2023)
National Company Law Appellate Tribunal, Chennai ruled that Section 238 of Insolvency & Bankruptcy Code, 2016 overrides Section 12 of the Limitation A.....
Tags : National Company Law Appellate Tribunal, condone
SC: Old Panel of Adv. Must be Kept for At least 6 Weeks After Change in Govt., to Avoid Adjournments(03.04.2024)
SC while expressing dilemma over the change in the panel of advocates after a shift in political power, has observed that it will be appropriate if St.....
Tags : Supreme Court, Panel of Advocates, Six Weeks, Adjournments
Delhi HC Dismisses Tax Appeals Against Moser Baer in View of Liquidation Proceedings(12.04.2022)
Delhi High Court has dismissed the appeals against Moser Baer, filed by the income tax department in the light of the liquidation proceedings pending .....
Tags : Delhi High Court, Moser Baer, Liquidation Proceedings, income tax department, National Company Law Tribunal
NCLT, Kolkata: IRP Cannot be Maintained Against Legal Heirs of Personal Guarantor(12.04.2022)
National Company Law Tribunal, Kolkata has held that insolvency resolution process cannot be maintained against the legal heirs of the personal guaran.....
Tags : National Company Law Tribunal, Insolvency Resolution Process, legal heirs, Personal Guarantor
NCLAT: Resolution Professional Cannot Withhold Any Plan and Refuse to Submit Before CoC(12.04.2022)
National Company Law Appellate Tribunal, has observed that Resolution Professional of its own cannot withhold any plan and reject to submit the same b.....
Tags : National Company Law Appellate Tribunal, Resolution Professional, Committee of Creditors
NCLAT: Mere Error of Address in Postal Receipt Does not Bely Sending of Notice(13.04.2022)
National Company Law Appellate Tribunal has observed that mere address error in Postal Receipt does not bely the sending of notice by Operational Cred.....
Tags : National Company Law Appellate Tribunal, Postal Receipt
CBI Court Acquits Sooraj Pancholi in Jia Khan Abetment of Suicide Case(28.04.2023)
CBI Court, Mumbai while citing paucity of evidence in the Jia Khan abetment of suicide case, has acquitted actor Sooraj Pancholi.
Tags : CBI Court, Sooraj Pancholi, Jia Khan, Abetment of Suicide
Kerala High Court: Can’t Expect Witness to Recall Sequence of Events Accurately(06.06.2024)
Kerala HC has observed that a witness cannot be expected to recall an accurate sequence of events and minor discrepancies in the statements do not amo.....
Tags : Kerala High Court, Sequence of Events, Minor Discrepancies
Rajasthan HC: Can Rely on Testimony of Injured Witness Unless There are Major Contradictions(10.06.2024)
Rajasthan High Court has observed that the court can rely on the testimony of an injured person and it cannot be rejected on the ground that there are.....
Tags : Rajasthan High Court, Injured Person, Minor Discrepancies
NCLAT Sets Aside NCLT Order Dismissing Initiation of CIRP Against Mittal Corp(15.09.2020)
National Company Law Appellate Tribunal (NCLAT) has set aside an order passed by the National Company Law Tribunal (NCLT), Mumbai which had dismissed .....
Tags : National Company Law Appellate Tribunal, Mittal Corp Limited
SC: Court Cannot Direct Continued Maintenance by Insurance Company of Prosthetic Limb(18.08.2021)
Supreme Court has observed that while determining compensation under the Motor Vehicle Act, 1988, a Court cannot direct the continued maintenance by I.....
Tags : Supreme Court, Continued Maintenance by Insurance Company of Prosthetic Limb
Kerala High Court Permits Minor Girl to Accompany Her Father to Sabarimala Temple(18.08.2021)
Kerala High Court has passed an interim order permitting a 9-yr-old girl to accompany her father to the Sabarimala temple for darshan. The Court has c.....
Tags : Kerala High Court, Minor Girl to Accompany Her Father to Sabarimala Temple
Bombay High Court Orders Goa Panchayat Polls to be Held in 45 Days(01.07.2022)
Bombay High Court has reprimanded Goa government for postponing elections to 186 Panchayats in the State, noting that such defiance to comply with Con.....
Tags : Bombay High Court, Goa Government, Panchayat Polls
Delhi HC: Can’t Make Organizer of Public Meeting Liable for Hate Speech by a Participant(24.07.2023)
Delhi High Court while observing that conduct of one person in a public meeting cannot be tied to another person present therein holding him vicarious.....
Tags : Delhi High Court, Public Meeting, Participant, Liability
Bombay HC Directs Transfer of Probe in Govind Pansare Murder Case to Anti-Terrorism Squad(04.08.2022)
Bombay High Court has held that it will pass orders transferring investigation into the 2015 murder of communist leader Govind Pansare from the Specia.....
Tags : Bombay High Court, Govind Pansare, Anti-Terrorism
Cal. HC: Cheating Case Against Directors Can’t Survive w/o Impleading Company(12.09.2023)
Calcutta High Court has held that when the agreement was entered into by and between the companies, criminal proceedings in a cheating case can’t surv.....
Tags : Calcutta High Court, Directors, Impleading Company
SC: Customs Act Doesn’t Create Statutory First Charge on Customs Dues(22.08.2023)
Supreme Court has held that Customs Act, 1962 does not create a statutory first charge on the customs dues, overriding the charge created in favour of.....
Tags : Supreme Court, Customs, Companies Act
Supreme Court: Undertrial Review Panel's Functioning Needs Fine-Tuning(01.11.2017)
Supreme Court has said that jail officials must be made part of Undertrial Review Committees (UTRCs) in the states and a standard operating procedure .....
Tags : Supreme Court, Undertrial Review Panel
Uttarakhand High Court Says Parents of More than Two Children can Contest Upcoming Panchayat Polls(19.09.2019)
Uttarakhand High Court has read down a law which disqualified candidates with more than two children from contesting panchayat elections in the State......
Tags : Uttarakhand High Court, Panchayat
ITAT: Provision Mandating Furnishing of PAN With E-TDS has Overriding Effect(10.06.2022)
Income Tax Appellate Tribunal (ITAT), Visakhapatnam bench has held that the provision mandating furnishing of PAN with E-TDS has an overriding effect .....
Tags : ITAT, Income-Tax Act, PAN
MP HC Denies Bail to Janpad Panchayat CEO for Allegedly Embezzling Funds Under Vivah Sahayata Yojna(13.06.2022)
Madhya Pradesh High Court has denied bail to the CEO of a Janpad Panchayat who allegedly embezzled money set out for the beneficiaries of the Vivah Sa.....
Tags : Madhya Pradesh High Court, Janpad Panchayat , White Collar Crime
J&K: Insurance Company Bound to Pay the Claim Against the Sum Insured(18.10.2024)
J&K High Court has observed that the Insurance Company is bound to pay the claim against the sum insured. It is not the business of the Insurance Comp.....
Tags : J&K High Court, Insurance Company, Sum Insured
NCLAT: Payment of Lease Amount, Rent & Premium Arising During CIRP Cannot Be Considered as CIRP Costs(28.10.2024)
The National Company Law Appellate Tribunal (NCLAT) has observed that the payment of lease amount, lease rent and premium arising during CIRP cannot b.....
Tags : National Company Law Appellate Tribunal, CIRP Cost, Section 14, Insolvency and Bankruptcy Code, 2016
SC: Duty of the Insurance Company to Disclose All Material Facts Within Their Knowledge(09.08.2023)
Supreme Court has observed that it is the duty of the insurance company to disclose all material facts within their knowledge since the obligation of .....
Tags : Supreme Court, Insurance Company, Good Faith
Delhi HC Orders Review After Discrepancies in Judicial Exam(01.02.2019)
Delhi High Court has ordered a drawing up of fresh results of preliminary examination for Delhi Judicial Service (DJS) after it found discrepancies in.....
Tags : Delhi High Court, Review After Discrepancies in Judicial Exam
Delhi High Court Stays Ministry Panel(09.12.2019)
Delhi High Court has stayed the operations of a new committee that was formed by the Sports Ministry to ‘review the Draft National Code for Good Gover.....
Tags : Delhi High Court, Ministry Panel
NCLT, Mumbai Approves Reliance Jio;s Resolution Plan for Reliance Infratel(04.12.2020)
National Company Law Tribunal (NCLT), Mumbai has approved Reliance Jio’s resolution plan for the bankrupt Reliance Infratel.
Tags : National Company Law Tribunal, Reliance Jio
Delhi HC Seeks Police's Stand on Swami Chakrapani's Plea Seeking Restoration Of Z Security(30.09.2021)
Delhi High Court has sought response from the Delhi Police on the plea filed by National President of Hindu Sant Mahasabha, Swami Chakrapani, seeking .....
Tags : Delhi High Court, Swami Chakrapani
Guj. HC: Electricity Co. Doesn’t Require Landowner's Consent for Laying Overhead Transmission Lines(10.08.2022)
Gujarat High Court has held that an electricity company does not require the consent of a private landowner to lay overhead high tension transmission .....
Tags : Gujarat High Court, Transmission Lines, Compensation, Electricity Company
SC: Insurance Co. Not Liable if Claimant Was Travelling In Un-Insured Trailer(31.08.2023)
Supreme Court has held that liability cannot be fastened on the Insurance Company when the claimant was travelling in the trailer which was not insure.....
Tags : Supreme Court, Insurance Company, Tractor, Liability
Ker. HC Defers Recovery of Disability Pension From 26 Yr. Old Suffering From 80% Mental Disability(17.11.2023)
Kerala High Court has deferred the recovery of the disability pension from a 26-year old for a period of 3 weeks. The Court also called for the record.....
Tags : Kerala High Court, disability pension, Gram Panchayat
SC Refuses to Entertain Plea Filed to Stop 'Mahapanchayat' in Uttarakhand(14.06.2023)
Supreme Court has refused to entertain petition seeking to stop ‘mahapanchayat' proposed to be held by Hindutva groups in Uttarakhand's Purola town am.....
Tags : Supreme Court, Mahapanchayat, Communal Tension
SC Affirms HC’s Order for Deployment of Central Forces for Panchayat Elections in West Bengal(20.06.2023)
Supreme Court has affirmed the direction of Calcutta High Court which directed West Bengal State Election Commission to requisition central forces for.....
Tags : Supreme Court, Panchayat Elections, Central Forces
SC Affirms HC’s Order for Deployment of Central Forces for Panchayat Elections in West Bengal(20.06.2023)
Supreme Court has affirmed the direction of Calcutta High Court which directed West Bengal State Election Commission to requisition central forces for.....
Tags : Supreme Court, Panchayat Elections, Central Forces
Cal. HC to SEC: Requisition Deployment of Additional Paramilitary Forces for WB Panchayat Election(22.06.2023)
Calcutta High Court has directed West Bengal State Election Commission (SEC) o requisition the deployment of additional central paramilitary forces fo.....
Tags : Calcutta High Court, Paramilitary Forces, Panchayat Election
Gauhati High Court Sets Aside CCI Order Imposing Penalty on Cement Company(02.09.2024)
The Gauhati High Court has set aside an order passed by the Competition Commission of India (CCI) imposing a penalty of Rs. 5,00,000 on a Star Cement .....
Tags : Gauhati High Court, Competition Commission of India, Star Cement Company
Insurance Company to be Liable Even if Insurance Policy Not Transferred(17.09.2024)
Allahabad HC has stated that even if the insurance policy of vehicle is not transferred, the insurance company would become liable under the policy to.....
Tags : Allahabad High Court, Insurance Company, Transferee
SC: Insurance Company Cannot Raise Delay as Basis for Repudiation First Time Before Consumer Forum(24.12.2019)
Supreme Court has observed that an Insurance Company cannot raise delay as a ground for repudiation for the first time before Consumer Forum if it has.....
Tags : SC, Insurance Company
RBI Directs Banks to Cap Stake in Insurance Companies at 30%(27.12.2019)
Reserve Bank of India has directed lenders to cut their stakes in insurers to 30%, as the banking regulator attempts to shield banks from risks arisin.....
Tags : RBI, Insurance Companies
NCLT, Kochi Allows Reduction of Paid Up Share Capital Structure of Josco Jewellers Pvt. Ltd.(12.01.2021)
National Company Law Tribunal, Kochi has allowed a company petition filed by Josco Jewellers Pvt. Ltd. for reduction of its share capital from Rs. 120.....
Tags : National Company Law Tribunal, Josco Jewellers Pvt. Ltd.
NCLAT: Goods Lying in Customs Bonded Warehouses Can’t be Assets of Corporate Debtor(06.12.2021)
National Company Law Appellate Tribunal (NCLAT), New Delhi has held that goods lying in the Customs bonded warehouses cannot be considered assets of t.....
Tags : National Company Law Appellate Tribunal, Goods Lying in Customs Bonded Warehouses
Del. HC: SFIO Not Barred from Investigating Offence Under IPC(26.12.2023)
Delhi High Court has held that a conjoint reading of Sections 4(1) & 154 of CrPC and Sections 212 & 219 of Companies Act, 2013, it cannot be said that.....
Tags : Delhi High Court, Serious Fraud Investigation Office, CrPC, Companies Act
Kerala HC: State Government Well Equipped to Decide Legality of Panchayat Decisions(06.12.2022)
Kerala High Court has held that Section 191 of Kerala Panchayat Raj Act, 1994 is an efficacious, alternate statutory remedy against any decisions take.....
Tags : Kerala High Court, Panchayat Raj Act, Legality
Kar HC: Once Investigation u/s 210 Companies Act Commenced, Govt Not Powerless to Issue SFIO Probe(19.02.2024)
Karnataka High Court has held that if under Section 230 of Companies Act, 2013 investigation has started then the Government of India does not become .....
Tags : Karnataka High Court, S. 230 Companies Act, S. 212 Companies Act
NCLAT: 'Success Fees' is of Contingent and Speculative Nature; Not a Part of IBC(23.09.2021)
National Company Appellate Law Tribunal has held that 'success fees' which is more in the nature of contingency and speculative, is not a part of the .....
Tags : National Company Appellate Law Tribunal, Success Fees
SC Refuses to Stay Eviction Notices Against Unauthorised Occupants in Kalkaji Temple Premises(10.01.2023)
Supreme Court has refused to entertain applications seeking stay of eviction notices issued to occupants of the encroachments within the Kalkaji Templ.....
Tags : Supreme Court, Kalkaji Temple, Unauthorized Occupants, Eviction
SC: Pandemic Situation Likely to Worsen, States and Centre Must be Well Equipped(23.11.2020)
Supreme Court has observed that the pandemic situation is likely to worsen across the country in the coming months and States as well as the Centre mu.....
Tags : Supreme Court, COVID-19 Pandemic
ITAT, Mumbai: Company Granting Bonus to Employees or Shareholder Entitled to Tax Benefits(25.11.2020)
Income Tax Appellate Tribunal (ITAT), Mumbai has held that the company which is granting bonuses to its employees or shareholders is entitled to tax b.....
Tags : Income Tax Appellate Tribunal, Company Granting Bonus
SC Directs to Come Up with Scheme for Establishing Pan-India Community Kitchens(28.10.2021)
Supreme Court has directed the Central Government to come up with a scheme for establishing pan-India community kitchens, after interacting with the s.....
Tags : Supreme Court, Pan-India Community Kitchens
SC: Only Person Responsible for the Conduct of Company’s Business is Liable for Dishonour of Cheque(11.10.2023)
Supreme Court has held that only that person who, at the time the offence was committed, was in charge and responsible to the company for the conduct .....
Tags : Supreme Court, Dishonour of Cheque, Company
SC: Fine Imposed on HIMUDA for Colluding With Pvt. Company to Secure Tender by Deceiving Court(04.04.2024)
SC imposed a fine of Rs. 5 Lakh on Himachal Pradesh Housing and Urban Development Authority (HIMUDA) for colluding with a private company and taking t.....
Tags : Supreme Court, HIMUDA, Tender, Private Company
Madras High Court Modifies Order & Restores Power of Madurai Bench to Hear Pan-State Matters(05.04.2024)
Madras High Court recently modified an earlier order of the Court and restored the power of the Madurai Bench to hear pan-state matters which were ear.....
Tags : Madras High Court, Madurai Bench, Pan-State Matters
SC: Discrepancies Between FIR and Subsequent Statement Not Grounds for Discharge(07.02.2022)
Supreme Court observed that discrepancies between the FIR and any subsequent statement under Section 164 of the Code of Criminal Procedure, 1973 canno.....
Tags : Supreme Court, Discrepancies Between FIR and Subsequent Statement
Supreme Court: Burden to Prove that Insured Suppressed Material Facts is Upon the Insurer(15.04.2024)
Supreme Court has held that if the insurance company repudiates the insurance claim on the ground that the insured had suppressed other policies taken.....
Tags : Supreme Court, Insurance Company, Burden to Prove
NCLT, Cuttack: Related Party of Financial Creditor Not Barred U/S 29A To Submit A Resolution Plan(21.10.2022)
National Company Law Tribunal, Cuttack has observed that the Insolvency and bankruptcy Code does not bar a related party of the Financial Creditor fro.....
Tags : National Company Law Tribunal, Financial, Creditor
NCLAT: Adjudicating Authority Can Invoke Inherent Powers To Replace The Liquidator(21.10.2022)
National Company Law Appellate Tribunal has held that the Adjudicating Authority can invoke its inherent powers to replace the Liquidator and to do s.....
Tags : National Company Law Appellate Tribunal, Liquidator, inherent
Bom. HC: Company Can’t be Compelled to Run Because of Possible Unemployment of Workers(12.01.2024)
Bombay High Court has held that if a Company approaches the Court for closure of its establishment on the ground of accumulated losses in accordance w.....
Tags : Bombay High Court, Company, Unemployment, Workers
Ker. HC: Discrepancies in Evidence Due to Normal Errors of Observation & Memory is Not Material(16.01.2024)
Kerala High Court has held that minor discrepancies in evidence due to normal errors of observation or memory cannot be considered as material discrep.....
Tags : Kerala High Court, Evidence, Material Discrepancies
Bombay High Court: Fake Websites Providing PAN Card Services A National Threat(18.01.2024)
Bombay HC while passing an ex-parte interim injunction against certain entities allegedly operating fake websites providing PAN card services on behal.....
Tags : Bombay HC, PAN Card Services, UTIITSL
Ker HC: Requirement to Intimate Transfer of Vehicle to Insurance Company Under MV Act Only Directory(01.11.2022)
Kerala High Court has held that provision under Section 157(2) of Motor Vehicles (MV) Act, 1988 to intimate about the transfer of a vehicle to the Ins.....
Tags : Kerala High Court, Motor Vehicles, Insurance Company
SC: 'Group of Companies' Doctrine must be Retained in the Indian Arbitration Jurisprudence(06.12.2023)
Supreme Court has held that the 'group of companies' doctrine must be retained in the Indian arbitration jurisprudence considering its utility in dete.....
Tags : Supreme Court, 'Group of Companies', Arbitration
SC: Judgment in Pankaj Bansal v. Union of India Does Not Apply Retrospectively(18.12.2023)
Supreme Court has held that its judgment in the case Pankaj Bansal v. Union of India (MANU/SC/1076/2023; 2023/INSC/866) wherein it was held that ED mu.....
Tags : Supreme Court, Pankaj Bansal, Retrospective
Del. HC Upheld Stay on Notices by DGHS To Companies Involved in Surrogate Ad. of Tobacco Products(25.01.2024)
Delhi High Court has upheld the stay on the show cause notices issued by Director General of Health Services (DGHS) to two companies for allegedly inv.....
Tags : Delhi High Court, Surrogate Advertisements, Tobacco Products, Dilbagh Pan Masala, Vimal Elaichi
Allahabad HC Grants Bail to Siddique Kappan in PMLA Case(26.12.2022)
Allahabad High Court has granted bail to Kerala journalist Siddique Kappan in connection with a Prevention of Money Laundering Act (PMLA) case initiat.....
Tags : Allahabad High Court, Bail, PMLA, Siddique Kappan
SC: Panchayat Members in Mah. To Produce Caste Certificate In 12 Months to Avoid Disqualification(09.02.2024)
Supreme Court has held that Panchayat members in Maharashtra, who have been elected from seats reserved for the SC/OBC Class have to produce Validity .....
Tags : Supreme Court, Disqualification, Panchayat Members, Caste Certificate
SC: Panchayat Members in Mah. to Produce Caste Certificate In 12 Months to Avoid Disqualification(09.02.2024)
Supreme Court has held that Panchayat members in Maharashtra, who have been elected from seats reserved for the SC/OBC Class have to produce Validity .....
Tags : Supreme Court, Disqualification, Panchayat Members, Caste Certificate
Supreme Court: Directors of Company Not Liable For Dishonor of Cheque After Their Retirement(16.02.2024)
Supreme Court has observed that the Director of a company cannot be held liable for the dishonor of a cheque after his retirement, which has been issu.....
Tags : Supreme Court, Dishonor of Cheque, Directors of Company
NCLT, Kochi: Entry in Balance Sheet Amounts to Acknowledgment of Liability(23.02.2022)
National Company Law Tribunal, Kochi has reiterated that acknowledgement of debt in the balance sheet of the Corporate Debtor comes within the meaning.....
Tags : National Company Law Tribunal, Entry in Balance Sheet
ITAT, Chennai Allows Loss on Investment in Subsidiary Company as Business Loss(23.02.2022)
Income Tax Appellate Tribunal (ITAT), Chennai has allowed the loss on investment made in subsidiary company for increasing business expediency to be w.....
Tags : Income Tax Appellate Tribunal, Loss on Investment in Subsidiary Company
Lucknow Court Orders Release of Kerala Journalist Siddique Kappan on Bail(02.02.2023)
Lucknow Court has signed an order to release Kerala Journalist Siddiqui Kappan on Bail and directed to release Kappan, if not wanted in any other case.....
Tags : Lucknow Court, Siddique Kappan, Bail
SC Criticises Centre For Not Specifying Range of Rates For Treatment in Pvt. Hospitals & Clinics(29.02.2024)
SC while criticizing Centre for not specifying the range of rates for treatment services in pvt. hospitals & clinics has directed the Centre to provid.....
Tags : Supreme Court, Private Hospitals, CGHS Empanelled Hospitals
JKL HC: Can’t Attach Vicarious Liability of Officials Unless Statute Specifically Provides So(13.03.2023)
Jammu and Kashmir and Ladakh High Court has observed that when the company is an offender, it is trite position of criminal jurisprudence that no vica.....
Tags : Jammu and Kashmir and Ladakh High Court, Vicarious Liability, Company
Del. HC: Order Passed in Favour of Indian Hotels Company Over Use of ‘Ginger’ Trademark(10.05.2024)
Delhi High Court has passed an order in favour of Indian Hotels Company and restrained several fraudulent websites from unauthorisedly using the trade.....
Tags : Delhi High Court, Indian Hotels Company, Ginger, Hotel Bookings
Gau HC: Insurance Co. Not liable to Pay Compensation for Death of Gratuitous Passenger(20.03.2023)
Gauahti High Court has held that Insurance Company is not liable to pay compensation for the death of gratuitous passengers travelling in goods vehicl.....
Tags : Gauahti High Court, Compensation, Gratuitous Passenger, Insurance Company
AP HC: State Commissioner of Food Safety Can’t Impose Ban on Manufacture & Sale of Gutka, Pan Masala(27.03.2023)
Andhra Pradesh High Court has held that State Commissioner of Food Safety is neither authorized nor have any jurisdiction to issue notification, prohi.....
Tags : Andhra Pradesh High Court, State Commissioner, Food Safety and Standard Act, Pan Masala
Kar. HC: For Disqua. Under Gram Swaraj & Panchayat Act, Subsisting Contract With Panchayat Necessary(13.05.2024)
Karnataka High Court has held that in order to disqualify a Panchayat member under Section 12 (h) of the Karnataka Gram Swaraj and Panchayat Raj Act, .....
Tags : Karnataka High Court, Subsisting Contract, Disqualification, Panchayat
MP HC: ?20 Lakh Minimum Threshold for Loan Recovery by NBFCs Not Applicable on HFCs(23.05.2024)
MP HC has held that Housing Finance Companies (HFCs) can invoke the SARFAESI Act, 2002 even when the loan amount is less than ?20 Lakhs and the minimu.....
Tags : MP High Court, SARFAESI Act, 2002, Housing Finance Companies, NBFC
Kerala HC: Development Permit Not Required for Residential Building in Small Plot(29.03.2022)
Kerala High Court has observed that a Panchayat cannot require an owner of a small parcel of land that has been subdivided from a larger plot to produ.....
Tags : Keywords- Kerala High Court, Development permit, Panchayat
Chhattisgarh HC: Director Cannot Be Prosecuted u/s 138 of Negotiable Instruments Act(30.03.2022)
Chhattisgarh High Court has held that a director could not be charged under Section 138 of the Negotiable Instruments Act, 1881 without the company be.....
Tags : Chhattisgarh High Court, Section 138 of the Negotiable Instruments Act, Company
ITAT, Delhi: Payment to Microsoft for Software Purchase Does Not Amount to Royalty(04.04.2022)
Income Tax Appellate Tribunal, Delhi has observed that the assesee, HP Services (Singapore) cannot be taxed for royalty as per the Indo-Singapore Doub.....
Tags : Income Tax Appellate Tribunal, HP Services, Indo-Singapore, Double Taxation Avoidance Agreement, Microsoft company
Bombay HC: 7 Days Jail for Prison Superintendent for Denying Emergency Parole to Eligible Prisoners(04.04.2022)
Bombay High Court has observed the Superintendent of Central Prison guilty of contempt and punished him to seven days simple imprisonment for selectiv.....
Tags : Bombay High Court, Prison Superintendent, emergency parole, Covid pandemic
NCLAT Upholds Imposition of Rs. 1337.76 Crores Penalty on Google by CCI(30.03.2023)
National Company Law Appellate Tribunal has dismissed Google’s appeal against CCI order (MANU/CO/0089/2022) which imposed a penalty of Rs. 1337.76 Cro.....
Tags : National Company Law Appellate Tribunal, Google, CCI, Dominant Position, Abuse
Kerala HC: Section 164(2) Companies Act not Retrospective(21.06.2021)
Kerala High Court has dismissed a batch of petitions challenging the disqualification of around 250 Directors of Companies under Sections 164 and 167 .....
Tags : Kerala HC, Companies Act
NCLAT, Delhi: Quantum of Debt Not to be Decided At Stage of Admission of S. 7 IBC Application(18.04.2022)
National Company Law Appellate Tribunal, Delhi has observed that the quantum of debt is not to be considered at the stage of admission of a petition u.....
Tags : National Company Law Appellate Tribunal, Section 7 of the Insolvency and Bankruptcy Code, 2016, admission
Rajasthan HC: Panchayat Has No Authority to Decide Question of Revenue Entries(18.04.2022)
Rajasthan High Court has held that Panchayat has no right to decide the question of the revenue entries as the same lies in the domain of the revenue .....
Tags : Rajasthan High Court, Panchayat, revenue entries, revenue authority, State of Rajasthan
SC: ‘De Facto Control’ Test Relevant to Determine if Company is Resident in India(12.04.2023)
Supreme Court while observing that domicile or registration of company are not relevant test to determine if company is resident of India, has held th.....
Tags : Supreme Court, De Facto Control, Resident, Company
NHRC Issues Notice to Centre Over Anti-Labour Practices at a Warehouse of a Multi-National Company(20.06.2024)
National Human Rights Commission (NHRC) has issued a notice to Centre over anti-labour practices at one of the ware-houses of a multi-national company.....
Tags : NHRC, Anti-Labour Practices, Multi-National Company
Amalgamation of Air Asia With Air India Express Approved by NCLT(12.06.2024)
National Company Law Tribunal has approved the amalgamation of AIX Connect Pvt Ltd., owner of Air Asia Airlines, with the Air India Express Ltd compan.....
Tags : NCLT, Air Asia, Air India Express, Companies Act, 2013
NCLAT Chennai: Corporate IRP Can be Resume on Failure of Settlement Agreement(02.05.2022)
National Company Law Appellate Tribunal, Chennai has observed that Corporate Insolvency Resolution Process can be revive/resume in case of failure of .....
Tags : National Company Law Appellate Tribunal, Corporate Insolvency Resolution Process
SC: No Priority For Workers' Dues After Liquidation of Company Under IBC(03.05.2023)
Supreme Court while holding that workers' dues will not get preferential payment in the event a company undergoes liquidation as per the provisions of.....
Tags : Supreme Court, IBC, Companies Act, 2013
SC Upholds Constitutional Validity of Section 140(5) Companies Act 2013(04.05.2023)
Supreme Court while upholding the constitutional validity of Section 140(5) of the Companies Act, 2013, and observed that application/proceedings unde.....
Tags : Supreme Court, Constitutional Validity, Companies Act
Del. HC: Regulation by FSSAI Enhancing Size of Statutory Warning on Pan Masala Packages, Upheld(11.07.2024)
Delhi High Court has upheld the regulation issued by the Food Safety and Standards Authority of India (FSSAI) that enhanced the size of statutory warn.....
Tags : Delhi High Court, FSSAI, Statutory Warning, Pan Masala
NCLAT Upholds Dismissal of Petition Filed During Prohibited Period(24.05.2022)
National Company Law Appellate Tribunal while adjudicating an appeal has upheld that Corporate Insolvency Resolution Process cannot be initiated over .....
Tags : National Company Law Appellate Tribunal, Corporate Insolvency Resolution Process, Insolvency and Bankruptcy
NCLAT: Article 1 of Limitation Act,1963 not Apply to Proceedings Under IB Code, 2016(26.05.2022)
National Company Law Appellate Tribunal (NCLAT) Principal Bench has held that the Article 1 of Limitation Act, 1963 is not applicable to the Petition .....
Tags : National Company Law Appellate Tribunal, Insolvency and Bankruptcy Code, Limitation
NCLT: Salary During Notice Period Does Not Fall Within the Definition of 'Operational Debt' Under IBC(26.05.2022)
National Company Law Tribunal, Mumbai Bench has held that salary for purported notice period amounts to specific performance of the appointment letter.....
Tags : National Company Law Tribunal, Operational Debt, Operational Creditor
SC: Valid Reasons for Not Accepting Surveyor’s Report Must be Given by Insurance Company(19.05.2023)
Supreme Court while observing that Surveyor’s Report in a claim for insurance is not final one however satisfactory reasons are given by insurer, has .....
Tags : Supreme Court, Contingent Reasons, Surveyor’s Report, Insurance Company
Del. HC: Can’t Tax Services Provided to Indian Customers for Use of Process by Assessee Company(26.07.2024)
Delhi High Court has held that, for the services provided to Indian customers outside the territory of India in connection with use of process or equi.....
Tags : Delhi High Court, Assessee Company, Royalty
Contraband Smuggling: Delhi High Court Grants Bail to Trader(31.05.2023)
Delhi HC while granting bail to the owner of the truck from which heroin was intercepted, observed that prima facie he was used as an intermediary wit.....
Tags : Delhi High Court, Shree Balaji Trading Company, Smuggling
Cal. HC: Five Days is Inadequate Time for Filing Nominations for Panchayat Elections(12.06.2023)
Calcutta High Court while observing that five day's time provided for filing nomination papers is prima facie inadequate and directed State Election C.....
Tags : Calcutta High Court, Nominations, Panchayat Elections
Kerala HC: Directions Issued to Ensure Safety of Pilgrims During Karkidakavavu Festival(31.07.2024)
Kerala High Court has issued directions to the police and district authorities to ensure safety of pilgrims during the Balitharpanam and Karkidakavavu.....
Tags : Kerala High Court, Balitharpanam, Karkidakavavu Festival
Cal HC to Central Forces: Remain in State for 10 Days After Declaration of Panchayat Elections(07.07.2023)
Calcutta High Court has directed Central Armed Forces to remain in the State after declaration of results in the West Bengal Panchayat Elections 2023 .....
Tags : Calcutta High Court, Panchayat Elections, Central Forces
Calcutta HC to IG CSF: Submit Report on Alleged Poll Violence(11.07.2023)
Calcutta High Court has directed Inspector-General (IG) of the Central security forces (CSF) to submit report pertaining to the alleged violence durin.....
Tags : Calcutta High Court, Panchayat Elections, Poll Violence
Cal HC: Declaration of Panchayat Election Poll Results will be Subject to Final Orders of the Court(13.07.2023)
Calcutta High Court while expressing regret over repeated complaints pertaining to violence and mismanagement during the Panchayat Election, has direc.....
Tags : Calcutta High Court, Panchayat Election, Violence, Mismanagement
AP HC: Weightage Marks to be Awarded to Nurses Who Served in COVID-19 Pandemic(09.08.2024)
Andhra Pradesh High Court has held that weightage marks in recruitment should be awarded to nurses who have given their services during COVID-19 pande.....
Tags : AP High Court, Weightage Marks, COVID-19 Pandemic
NCLAT: Dissenting Financial Creditor Entitled to Liquidation Value of its Secured Interest only(28.10.2024)
The National Company Law Appellate Tribunal (NCLAT) has observed that as per Section 30(2)(b) of Insolvency and Bankruptcy Code, 2016 (IBC), a dissent.....
Tags : National Company Law Appellate Tribunal, Section 30(2)(b), Insolvency and Bankruptcy Code, 2016
2012 Disproportionate Assets Case: Madras HC Sets Aside Discharge of Former CM Panneerselvam(30.10.2024)
The Madras High Court has set aside the order discharging former Tamil Nadu Chief Minister, O. Panneerselavm and permitting prosecution to withdraw th.....
Tags : Madras High Court, O. Panneerselavm, 2012 Disproportionate Assets Case
Madras HC: No Law Which Fixes Number of Persons Who Can Appear for/Accompany a Party to Court(08.11.2024)
Madras High Court while dismissing a petition seeking restriction on number of persons appearing and accompanying a VIP litigant, has stated that ther.....
Tags : Madras High Court, Enactment, Accompany
SC: Corp. Charging Royalty Can’t be Interfered With as there is no Question of Royalty Being Tax(17.10.2024)
SC has stated that Municipal Corporation's power to charge royalty from the advertising companies cannot be interfered with on the ground that the sam.....
Tags : Supreme Court, Municipal Corporation, Advertising Companies