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The National Company Law Appellate Tribunal NCLAT has ruled that a 30-day delay in filing an appeal under NCLT Rules can be condoned on "sufficient cause." This decision offers…
A GST applicant has condemned the department's demand for business proof, specifically a photo of the "upload site with a signboard and adjacent shop." This highlights a point of…
The Ministry of Corporate Affairs MCA has replaced Form LEAP-1 and notified an amendment to the Companies Listing of Equity Shares in Permissible Jurisdictions Rules. This…
The Allahabad High Court has commented on the dangers of digital technology in the circulation of indecent images on social media, stating it can "destroy lives." This strong…
SEBI has barred Jane Street Group from Indian securities markets. This significant regulatory action by India's market watchdog indicates serious concerns about the trading firm's…
The Delhi High Court has denied relief to Toyota in a patent infringement claim against an Indian firm. This ruling signifies that Toyota likely failed to demonstrate a strong…
The Supreme Court has ruled that there is no insurance coverage for legal heirs if an accident is due to the rash driving of the deceased. This significant judgment clarifies the…
The Bombay High Court has ruled that an arbitral tribunal must give reasons to deny liquidated damages. This significant decision reinforces the principle of transparency and…
National Fertilizers Ltd NFL has received a Show Cause Notice SCN for alleged wrong GST refunds. This notice indicates that tax authorities suspect NFL has claimed or received…
The Orissa High Court has denied pre-arrest bail to a GST facilitation operator who allegedly diverted clients' entrusted funds meant to clear GST dues. This decision underscores…
The Maharashtra government has tabled a GST Amendment Bill, aligned with the Centre's Finance Act. This legislative move aims to bring the state's Goods and Services Tax laws in…
Swagath Restaurant has moved the Delhi High Court against a Telangana restaurant over trademark infringement. This legal action highlights ongoing battles over brand names and…
Union Minister Piyush Goyal has announced a ₹10,000 crore second tranche for deep-tech startups under the Fund of Funds FoF scheme. This significant government initiative aims to…
Aakash has sent a second legal notice to EY India over a conflict of interest. This indicates escalating tensions and a serious dispute between the education technology firm…
IPO-bound InMobi has secured ₹32 crore in funding from its co-founders via an internal round. This investment from the founders themselves indicates strong confidence in the…
Smartworks IPO is set to open on July 10, with a reduced issue size. This means the co-working space provider plans to raise a smaller amount of capital from its Initial Public…
The Calcutta High Court has remanded a matter for fresh adjudication, as a GST order incorrectly recorded that the taxpayer did not file a reply. This decision provides…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT has allowed customs duty exemption on HIV test kits, classifying them as life-saving diagnostic kits. This crucial…
The Madras High Court has dismissed a writ petition challenging a tender-cum-auction sale notice under the SARFAESI Act, citing the availability of a remedy under the statute.…
IPO-bound Lenskart's Peyush Bansal is set to acquire a 2% stake from investors. This move, where the founder increases their ownership by buying shares from existing investors…
Torrent Pharmaceuticals has announced an ₹18,000 crore deal, marking it as the second largest in the pharma sector. This massive acquisition or investment signifies a major…
The Delhi High Court has ruled that an exclusive jurisdiction clause prevails over an arbitrator's procedural order in determining the seat of arbitration. This significant…
TurboHire has secured $6 million to provide "Agentic AI-based recruitment solutions." The funding is a significant boost for the startup and reflects the growing investor…
BlueStone's IPO is set to open on August 11, with the issue size cut by ₹180 crore. The reduction in the IPO size signals a strategic decision by the company to adjust to market…
The Income Tax Appellate Tribunal ITAT has quashed a PCIT's Principal Commissioner of Income Tax revision order, upholding that the Assessing Officer AO had conducted a detailed…
The Kupwara District Consumer Commission has held Fairdeal Motors liable for deficiency in service due to failure to issue a genuine temporary registration. This ruling highlights…
The Calcutta High Court has ruled that arbitration can be initiated for employee contract termination containing both dispute resolution and termination clauses, if not a case of…
The NCLAT has restricted Gensol from leasing out 152 EVs, a move that could impact the company's business operations. The tribunal's decision came after a dispute, and it…
Practo, a health-tech startup, has turned profitable in FY25 and has revived its IPO plans. The company's financial turnaround is a major achievement, especially in the…
Fibes' lending arm has raised ₹225 crore in debt. The funding will be used to grow the company's lending business and expand its operations. This is a significant development for…
Bobble AI is reportedly planning to raise fresh funds at a 30% valuation dip. This move by the company indicates a need for fresh capital and a recognition of the current market…
IRDAI has slapped a ₹5 crore fine on Policybazaar for flouting norms. The penalty, which is a significant one, highlights the regulatory body's strict stance on compliance in the…
The NCLAT has declared certain transactions as fraudulent under Section 66 of the IBC due to the corporate debtor's failure to diligently negotiate one-sided clauses in an MOU.…
The Kerala High Court has ruled that an occupancy certificate is not final for plinth area determination under Section 6, upholding luxury tax under Section 5A of the Kerala…
The Supreme Court has ruled that there is no insurance coverage for legal heirs if an accident is due to the rash driving of the deceased. This significant judgment clarifies the…
Clear, a fintech company, has cut 16% of its workforce amid the peak tax-filing season. The layoffs indicate a strategic shift by the company to streamline its operations and…
Jeh Aerospace has bagged $11 million from Elevation and General Catalyst. The funding is a major milestone for the aerospace startup and signals a strong investor interest in the…
A trader in Nagpur has been arrested for his involvement in a ₹33.93 crore fake Input Tax Credit ITC scam under the Maharashtra Goods and Services Tax MGST Act. The arrest was…
The Supreme Court has upheld the cancellation of a GST registration, citing an "inordinate delay of months" in filing an appeal without a sufficient cause. The court's decision…
The ITAT has provided relief to a builder LLP by slashing a tax demand. The tribunal rejected the tax department's "extrapolation" of money on an estimated basis due to a lack of…
Aakash has sent a second legal notice to EY India over a conflict of interest. This indicates escalating tensions and a serious dispute between the education technology firm…
Smartworks IPO is set to open on July 10, with a reduced issue size. This means the co-working space provider plans to raise a smaller amount of capital from its Initial Public…
Torrent Pharmaceuticals has announced an ₹18,000 crore deal, marking it as the second largest in the pharma sector. This massive acquisition or investment signifies a major…
A railway guard has won tax relief from the ITAT, which has ordered a fresh assessment after his TDS credit was denied due to missed notices. The tribunal found that the notices…
The ITAT has granted relief to a taxpayer, ruling that a "bogus LTCG addition" with incriminating material in a search assessment is invalid. The tribunal's decision was based on…
The Supreme Court has dismissed a Special Leave Petition SLP after a GST refund claim was paid by the revenue along with interest. The court's decision brings an end to the…
The Jharkhand High Court has slammed the Income Tax department for ignoring a timely reply from a taxpayer, ruling that "time is to be calculated by the calendar, not the clock."…
India has extended the anti-dumping duty on black toner imports from China, Malaysia, and Taiwan. The decision, which came after a thorough investigation, is aimed at protecting…
The Orissa High Court has granted bail to a GST fraud accused on a ₹50 lakh bond, citing that the "possibility of influencing witnesses" was over. The court's decision was based…
The Punjab and Haryana High Court has denied anticipatory bail in a ₹4.25 crore GST fake billing case, stating that "custodial interrogation is needed to uncover the modus…
The National Company Law Appellate Tribunal NCLAT has ruled that a 30-day delay in filing an appeal under NCLT Rules can be condoned on "sufficient cause." This decision offers…
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