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In a crucial step towards its planned Initial Public Offering IPO , e-commerce unicorn Meesho has received approval from the National Company Law Tribunal NCLT to relocate its…
The Meghalaya High Court, in a case under the Protection of Children from Sexual Offences POCSO Act, has emphasized the importance of correctly adjudicating a claim of juvenility.…
The National Company Law Appellate Tribunal NCLAT has ruled that the liabilities of a corporate debtor remain undischarged if the rights under a debenture trust deed are…
Finance Minister Nirmala Sitharaman is set to address the issue of delayed tax refunds and prolonged GST investigations in her upcoming review meetings. The minister has expressed…
Finance Minister Nirmala Sitharaman is scheduled to conduct a series of high-level review meetings throughout June 2025 with the heads of the Central Board of Direct Taxes CBDT…
Apsara, a startup operating in the data infrastructure space, has secured $50 million in a new funding round. The round was co-led by two of Silicon Valley's most prestigious…
The recent crash of an Air India passenger aircraft is set to trigger one of the largest aviation insurance claims in India's history, with the total value estimated to be around…
India's top-valued companies faced a significant downturn, with eight of the top ten firms collectively losing a staggering Rs 4,70,750 crore in market capitalization in a single…
The Madras High Court has granted relief to Indian Bank, ruling that the provisions of the SARFAESI Act and the Recovery of Debts and Bankruptcy RDB Act prevail over the Tamil…
The Himachal Pradesh High Court has provided clarity on the conditions for claiming income tax exemption as a not-for-profit educational institution. The court, while hearing a…
The Kerala High Court has quashed GST proceedings against a petitioner after finding that there was a duplication of proceedings on the same issue by different tax authorities.…
In a busy week for the capital markets, Cordelia Cruise, a leading cruise line operator in India, has filed its Draft Red Herring Prospectus DRHP with SEBI for its Initial Public…
The board of the Securities and Exchange Board of India SEBI is set to discuss two key policy proposals in its upcoming meeting: the introduction of separate, more streamlined…
American Express is planning a significant upgrade to its premium Platinum credit card, in what the company is describing as its "largest investment ever" in the product. This…
The government of Uttar Pradesh is planning to establish 15 new industrial zones specifically targeted at boosting the growth of Micro, Small, and Medium Enterprises MSMEs . This…
Indian startups have voiced their opinions on the proposed Digital Competition Bill, calling for provisions that protect domestic innovation from the anti-competitive practices of…
The Central Administrative Tribunal CAT has stayed the transfer orders of several Excise Inspectors, ruling that personal hardships must be duly considered by the administration…
The Mumbai Bench of the Income Tax Appellate Tribunal ITAT has ruled that a confession obtained during a post-midnight search from a partner who is not involved in the accounting…
The National Financial Reporting Authority NFRA , India's independent audit regulator, has issued notices to the auditors of IndusInd Bank. The notices are in connection with…
The Telangana High Court has ruled that the mere passage of time does not automatically bar the invocation of arbitration, as long as the arbitration clause in the contract…
The National Company Law Appellate Tribunal NCLAT has ruled that the liabilities of a corporate debtor remain undischarged if the rights under a debenture trust deed are…
The Himachal Pradesh High Court has provided clarity on the conditions for claiming income tax exemption as a not-for-profit educational institution. The court, while hearing a…
The Bombay High Court has ruled that a subsidy received by an assessee from the Reserve Bank of India RBI cannot be treated as "interest" and taxed as such under the Income Tax…
In a significant ruling, the Bombay High Court has held that a cash credit account provided by a bank cannot be treated as the "property" of the account holder for the purpose of…
In a busy week for the capital markets, Cordelia Cruise, a leading cruise line operator in India, has filed its Draft Red Herring Prospectus DRHP with SEBI for its Initial Public…
The recent crash of an Air India passenger aircraft is set to trigger one of the largest aviation insurance claims in India's history, with the total value estimated to be around…
The Income Tax Department has now made it mandatory to use an Aadhaar-based One-Time Password OTP for the registration of a new Permanent Account Number PAN . This new procedure,…
Venture capital firm WestBridge Capital has invested $30 million in the used-car marketplace, Spinny. This investment establishes WestBridge's position on Spinny's cap table and…
In a crucial step towards its planned Initial Public Offering IPO , e-commerce unicorn Meesho has received approval from the National Company Law Tribunal NCLT to relocate its…
Gaurav Jain, the Chief Business Officer CBO of the social media platform ShareChat, has resigned from his position. Jain's departure marks a significant high-level executive…
In a significant administrative reshuffle, the Delhi government has transferred several senior IAS officers to key positions in the Revenue, Taxation, and other administrative…
In a major win for the audit firm Deloitte, the Madras High Court has ruled that a partnership firm or a Hindu Undivided Family HUF cannot legally be a partner in another firm.…
India's top-valued companies faced a significant downturn, with eight of the top ten firms collectively losing a staggering Rs 4,70,750 crore in market capitalization in a single…
The Delhi Bench of the Customs, Excise, and Service Tax Appellate Tribunal CESTAT has ruled that the profit earned by freight forwarders from "space trading" is not a taxable…
The Madras High Court has granted relief to Indian Bank, ruling that the provisions of the SARFAESI Act and the Recovery of Debts and Bankruptcy RDB Act prevail over the Tamil…
The Customs, Excise and Service Tax Appellate Tribunal CESTAT has ruled that royalty payments cannot be added to the import value of goods unless there is a proven nexus between…
The Income Tax Appellate Tribunal ITAT has granted a significant tax relief of Rs 203 crore to Genpact India. The tribunal allowed the company's claim for deduction under Section…
HDFC Securities, a leading brokerage firm, has initiated its research coverage on the electric vehicle manufacturer, Ather Energy, with a "Buy" rating. This indicates that the…
The Kolkata Bench of the Income Tax Appellate Tribunal ITAT has deleted a tax addition made under Section 56 2 x of the Income Tax Act. This section taxes the difference if a…
The Income Tax Appellate Tribunal ITAT has strongly criticized the Income Tax Department for the "bulk disposal" of appeals, stating that such a practice indicates an absence of…
The Central Administrative Tribunal CAT has stayed the transfer orders of several Excise Inspectors, ruling that personal hardships must be duly considered by the administration…
The Sikkim High Court has dismissed a petition filed by former Kerala Finance Minister, Thomas Isaac, seeking to quash a defamation summons issued against him. The summons was…
The Delhi GST Department has issued a clarification regarding the availability of Input Tax Credit ITC on goods supplied under "Ex-Works" contracts. In an Ex-Works contract, the…
The Delhi High Court has reiterated the established legal principle that the arbitrator, and not the court, is the appropriate authority to determine the applicability of an…
The Telangana High Court has ruled that it cannot decide under its writ jurisdiction whether a particular contract qualifies as a "works contract" under the MSME Act. The court…
The Telangana High Court has clarified the interpretation of arbitration clauses in interconnected agreements. The court ruled that if the main agreement between parties contains…
The Meghalaya High Court, in a case under the Protection of Children from Sexual Offences POCSO Act, has emphasized the importance of correctly adjudicating a claim of juvenility.…
The Karnataka High Court has upheld the acquittal of a father who was accused of sexually assaulting his minor daughter, citing significant contradictions and a lack of credible…
The Bombay High Court has quashed an order from the Registrar of Trademarks that had refused to register the "Yamaha" trademark for certain goods like clothing and stationery. The…
The Competition Commission of India CCI has dismissed allegations of abuse of dominance against two of India's largest metal producers, Hindalco and Vedanta. The complaint was…
In a crucial step towards its planned Initial Public Offering IPO , e-commerce unicorn Meesho has received approval from the National Company Law Tribunal NCLT to relocate its…
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