The NCLAT has ruled that claims based on uninvoked guarantees cannot be admitted by the resolution professional. This decision clarifies the treatment of guarantees in insolvency…
07/02/20251 min read
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The NCLAT has ruled that claims based on uninvoked guarantees cannot be admitted by the resolution professional. This decision clarifies the treatment of guarantees in insolvency…
The Delhi High Court has ruled that a corporate debtor is immune from prosecution under the PMLA after the approval of a resolution plan. This ruling provides clarity on the…
The NCDRC directed a builder to pay delayed compensation to a homebuyer. The compensation is for the period until the occupation certificate was received. This decision protects…
Interglobe Aviation, the parent company of IndiGo airlines, has been penalized with a GST fine of ₹1.2 crore. This penalty was imposed due to discrepancies found in the company's…
The Madras High Court has ruled that there is no bar on a court to entertain more than one application under Section 29A of the Arbitration Act. This ruling clarifies the…
The ITAT upheld the CIT A 's decision to disallow expenses due to insufficient documentation. The assessee failed to provide adequate evidence to support the claimed expenses. The…
The CESTAT upheld the rejection of a nil CVD benefit claim. The claimant failed to meet the updated conditions required to avail the benefit. The case highlights the importance of…
Kerala's Finance Minister has proposed reducing the quarterly road tax for push-back seat vehicles in the state's 2025 budget. This initiative aims to provide relief to owners of…
The Orissa High Court allowed the release of the Odia film "Sanatani," clarifying that it does not target the Christian religion. The court's decision upheld the principles of…
The Orissa High Court ruled that refusing to file an FIR requires a police officer to provide a hearing opportunity to the complainant and the Magistrate must issue a reasoned…
The Supreme Court disposed of a contempt petition against the demolition of property in Sambhal, UP. The court asked the petitioner to approach the High Court. This decision…
The Supreme Court rejected a challenge to the Delhi High Court's senior designations. The court clarified that nobody gets preferential treatment because of their senior gown.…
The ITAT ruled that the genuineness of a transaction for an increase in share capital is inconsequential for business purposes. The decision highlights the tribunal's focus on the…
The ITAT upheld the deletion of an addition related to an unsecured loan transaction, citing proper substantiation. The tribunal emphasized the importance of genuine transactions…
The DGFT prohibited the export of de-oiled rice bran until September 30, 2025, to ensure domestic availability. The notification aims to stabilize prices and meet local demand for…
The CBIC will launch an online customs refund system within a month to streamline trade processes. The system aims to simplify refund claims, reduce processing time, and enhance…
GSTN clarified e-way bill rules for precious metals and stones under Chapter 71. The clarification aims to streamline compliance for businesses dealing with these high-value…
Sovereign wealth funds and pension funds will benefit from extended tax exemptions until 2030. This decision aims to attract foreign investments and support infrastructure…
The Finance Bill 2025 introduced an exemption from prosecution for delayed TCS Tax Collected at Source payments. This provision aims to reduce compliance burdens for taxpayers,…
The RBI reported that the circulation of Rs 2000 notes has reduced to Rs 6577 crore, with 98.15% of the notes withdrawn from circulation. This follows the central bank's decision…
The Central GST Commissionerate uncovered a fake invoice racket worth Rs 658.55 crore, involving fraudulent input tax credit claims. The investigation revealed a network of…
The RBI Governor lauded the budget, stating that the ₹1 trillion tax relief will not impact inflation. This assessment suggests that the government's fiscal measures are not…
The RBI is set to introduce forward contracts in government securities, according to Governor Malhotra. This move will enhance the development of the government bond market and…
This live update provides the latest company news on February 7, 2025. It covers various developments in the corporate world, including mergers and acquisitions, financial…
The RBI has allowed 30 countries to open 156 Vostro accounts with Indian banks for cross-border rupee trade. This move promotes the use of the Indian rupee in international…
The BSE Sensex and Nifty stock market indices are experiencing fluctuations on February 7, 2025. Live updates provide real-time information on market movements, including gains,…
Perfios has acquired Clari5 to expand its fraud detection capabilities. This acquisition strengthens Perfios's position in the fintech space and enhances its ability to identify…
The repo rate cut is expected to provide long-awaited relief on interest rates. This reduction in the key lending rate by the RBI will likely lead to lower borrowing costs for…
This news roundup covers various startup updates from February 7th. These updates could include funding announcements, product launches, partnerships, or other significant…
The RBI's recent rate cut has set the stage for further easing of interest rates in the near term in India. This reduction in the repo rate signals a more accommodative monetary…
Ola Electric's Q3 FY25 losses widened due to dampened demand, according to Bhavish Aggarwal. The increased losses suggest challenges in achieving profitability and maintaining…
Angad Bhatia has resigned from Mensa Brands to start a new venture. This departure marks a significant change in Mensa Brands' leadership. Bhatia's decision to pursue a new…
Ahead of its IPO, Zepto is reportedly onboarding top mutual funds for a $300 million share sale. This move aims to attract institutional investors and secure substantial funding…
Zaggle's Q3 profit zoomed 30% year-on-year to INR 20 crore. This substantial profit growth indicates strong financial performance and successful business strategies. The…
PhonePe has decided to exit the account aggregator business. This strategic move reflects a shift in PhonePe's focus, likely concentrating on its core payment and financial…
Bakingo's FY24 net loss surged over four times to INR 3.7 crore. This substantial increase in losses indicates significant financial challenges faced by the online bakery. The…
Honasa, the parent company of Mamaearth, extended its losses for the third consecutive session, with shares dropping 5%. This persistent decline indicates negative market…
Delhivery's shares slipped 3% ahead of its Q3 results announcement. This dip in share price suggests that investors are adopting a cautious stance before the release of the…
The RBI is set to unveil an exclusive internet domain to combat financial fraud. This initiative aims to create a dedicated online space for reporting and addressing cybercrimes…
Blackbuck's shares hit the upper circuit for the fourth consecutive session. This sustained upward movement indicates strong investor confidence and positive market sentiment…
Zaggle's shares fell 4% ahead of its Q3 earnings announcement. This decline in share price often reflects investor uncertainty and anticipation regarding the company's financial…
The Allahabad High Court ruled that the presence of the Investigating Officer IO is not required during the framing of charges. The court clarified the legal position regarding…
The Kerala High Court addressed the issue of honorarium for pre-primary school teachers and ayahs. The court recognized the vital role these individuals play in early childhood…
The Karnataka High Court's judgment in the MUDA scam case has directed a CBI investigation. The case involves allegations of corruption and irregularities in land allocation by…
The Gujarat High Court, in a suo motu public interest litigation, addressed significant traffic issues in the state. The court raised concerns about the non-implementation of the…
The Karnataka High Court ruled on disputes arising from a share purchase agreement under the Commercial Courts Act. The court's decision clarified the jurisdiction and applicable…
The Karnataka High Court reiterated its earlier ruling regarding BS Yediyurappa and the quashing of the POCSO case. The court reaffirmed its decision based on the lack of…
The Gujarat High Court addressed the use of bio-remediation bacteria for treating raw sewage in the Sabarmati River. The court's involvement aimed to ensure the effectiveness and…
The Kerala High Court granted bail to PC George in a case involving alleged hate speech against the Muslim community. The court's decision considered the specific facts and…
The Jammu & Kashmir and Ladakh High Court clarified the liability of insurance companies regarding gratuitous passengers in motor accident claims. The court's judgment provided…
The NCLAT has ruled that claims based on uninvoked guarantees cannot be admitted by the resolution professional. This decision clarifies the treatment of guarantees in insolvency…
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