The National Company Law Appellate Tribunal (NCLAT) on August 6, 2019, in the case of Shobhnath & Ors. v. Prism Industrial Complex Ltd. has held that fraud cannot be a ground to reject the Corporate Insolvency Resolution Process (CIRP). In this case, the appellant filed an application under Section 7 of the Insolvency and Bankruptcy […]
The Delhi government has banned world’s largest brewer Anheuser-Busch InBev from selling its beer in the capital for three years — which means there would be no Budweiser and no Hoegaarden at the ‘service’ of Delhites for …
The body of Cafe Coffee Day founder V.G. Siddhartha, who had gone missing from Mangaluru on Monday night (July 29, 2019), was found by a fisherman in Hoige Bazaar, by the sea shore, at around 6 am …
The bitter war over the rasagola ended in a draw on July 29, 2019, after the geographical indicator (GI) was granted to Odisha for the ‘Odisha rasagola’. The Chennai-based GI Registry granted the tag more than two …
The Delhi High Court on July 29, 2019, directed the civic agencies to immediately crackdown on illegal coaching centres in the city stating that these institutes are “not doing any charity”. A Bench comprising of Chief Justice …
An order-aligned with international food regulations -has been issued by the Food Safety and Standards Authority of India (FSSAI) to gradually eliminate industrial trans fat, which contributes to most heart disorders and other related diseases causing at …
Days after the Supreme Court entrusted NBCC with completing Amrapali projects, the PSU will now take up another troubled real estate giant Unitech‘s 74 projects affecting 17,000 buyers after the apex court concluded that the realtor is …
Shares of Coffee Day Enterprises hit a lower circuit limit of 20 per cent in Tuesday’s (July 30, 2019) trade on reports founder V.G. Siddhartha has been missing since Monday night. According to reports, Siddhartha got off …
The National Company Law Tribunal (NCLT) on July 25, 2019, has approved Patanjali’s revised ₹4,350-crore bid to take over the edible oil maker Ruchi Soya, which owed banks over ₹9,345 crore. However, the Tribunal said the approval is subject to the …
The Rajasthan police have registered a case against Snapdeal founders CEO Kunal Bahl and COO Rohit Bansal after a local Congress leader alleged that the online shopping site sent him fake products. The Police have booked them for cheating under Section 420 of …
The Central Board of Direct Taxes (CBDT) on July 23, 2019, exercising its powers conferred under Section 119 of the Income Tax Act, 1961, has extended the due date for filing Income Tax Return (ITR) by individuals …
The Federation of Hotels and Restaurant Association of India (FHRAI) has reportedly filed a complaint with the Competition Commission of India (CCI) against SoftBank backed company OYO. The hotel body has alleged that three months after OYO promised …
In a major relief to thousands of homebuyers, the Supreme Court on July 23, 2019, cancelled the registration of real estate major Amrapali group under Real Estate (Regulation and Development) Act 2016, and directed the National Building Construction …
The Indian government has accused the local auditing affiliate of international accounting group Deloitte Touche Tohmatsu of misreading a key law by trying to avoid a five-year ban on new business, according to reports. The government had called for …
Builders who dupe thousands of homebuyers, or defraud investors by their Ponzi schemes, will now face multiple prosecutions in Delhi — based on complaints of individual victims — and can be awarded long, consecutive prison terms. The …
Marriott International Inc. on July 9, 2019, revealed that the UK Information Commissioner’s Office (ICO) had proposed to fine the hotel chain $124 million due to a massive data breach in its Starwood hotels reservation system. Marriott disclosed last …
A Consumer Court in Pune has recently slapped a Rs 55,000 fine on Zomato and a hotel for delivering non-vegetarian food instead of vegetarian to a city-based lawyer who was observing a fast. According to reports, Shanmukh …
E-pharmacies on July 4, 2019, told the Delhi High Court that they are only delivering the medications akin to food-delivery app Swiggy and that they do not require a license for online sale of drugs and prescription …
The Delhi High Court on July 3, 2019, issued notice to the Reserve Bank of India (RBI) and PayPal in a plea seeking to stop the allegedly illegal and unauthorized operations of PayPal Payments in India. A Division Bench of …
Location Based Technologies (LBT) has sued Apple for an alleged patent infringement tied to the ‘low-power mode’ and ‘facedown detection’ features in iPhones and iPads. The lawsuit filed against Apple claims that their mobile products that include a …
Brewing giant Anheuser-Busch InBev (AB InBev) is seeking to raise up to $9.8 billion by listing its Asia-Pacific business in Hong Kong, marking what would be the world’s largest initial public offering of 2019. Budweiser Brewing Company APAC, whose …
The Enforcement Directorate (ED) has summoned DJ Aqeel and Bollywood actor Dino Morea for questioning in the Sterling Biotech alleged bank fraud and money laundering probe case, officials said on July 1, 2019. Both Bollywood personalities have …
Inaugurating the MSME Day 2019 celebrations and the second International SME Convention in New Delhi on June 27, 2019, Union Minister for Micro, Small and Medium Enterprise (MSME) Nitin Gadkari said the government plans to develop a portal for creating a …
Price Waterhouse & Co Chartered Accountants LLP, a network firm of PwC India, has resigned as the statutory auditor of Eveready Industries citing reservations on certain inter-group transactions that promoter group has made during the financial year 2019, the …
The Reserve Bank of India (RBI) on June 27, 2019, has asked the public to continue accepting coins of various denominations which are being pumped into circulation regularly. In a statement issued in this regard, the central …
India has told foreign e-commerce firms such as Amazon and Walmart’s Flipkart that they must ensure compliance with new foreign investment rules aimed at deterring them from providing steep online discounts. Commerce Minister Piyush Goyal has said …
Engineering and construction major Larsen and Toubro has reportedly acquired majority control over Mindtree, by gaining 51.8% of shares in the Bengaluru-based IT company. This could be termed as India’s first major hostile takeover. L&T’s open offer …
The dialogue with a view to strengthening the security measures back home and global standards was held to sign an MoU (Memorandum of Understanding) between CAPSI (Central Association of Private Security Industry) and Associated Chambers of Commerce …
The Delhi High Court on June 19, 2019, in the case of Oravel Stays Private Limited v. Hotelier Welfare Association and Ors., has restrained the hoteliers welfare association from issuing any notices or boycotting and banning hospitality …
The soft drinks giant Coca-Cola has entered in exclusive talks to pick up significant stake in the country’s largest coffee chain Café Coffee Day (CCD). With this the Beverage maker is looking towards gaining a foothold in …
A Samsung tablet reportedly overheated when left on charge for over nine hours, leading to its battery exploding and burning a deep hole through the bed on which it was kept. As per reports, 11-year-old Callum Hewkin …
Devyani International, the largest franchisee for Pizza Hut and KFC (Kentucky Fried Chicken) in India, has bought 61 more outlets of US-based Yum Brands’ KFC India for an undisclosed amount. Devyani International promoter Ravi Jaipuria-backed diversified group …
A small outlet selling steaming and spicy ‘kachoris’ – a popular snack in Uttar Pradesh – in a narrow lane of Aligarh has left the commercial tax sleuths astounded. Following a complaint with the commercial tax department, …
The Delhi government’s Excise department on June 23, 2019, raided a ‘Boiler Room party’ organised at The Lalit Hotel on Barakhamba Road, as the organisers failed to procure “required licences for the event”. Reportedly, the Excise department …
In a major crackdown on Chinese e-tailers, Mumbai customs has seized around 500 parcels of apparel and lifestyle e-tailer Shein and sealed its warehouse situated in the city. As per reports, the department has found them undervaluing …
The National Company Law Tribunal (NCLT) has recently ordered the liquidation of Moser Baer Solar as there were no takers for the Delhi-based company during the mandated 270-day period. The Bench comprising of Justices M.M. Kumar and …
The Central Bureau of Investigation (CBI) has registered an FIR against Lawyers Collective (LC), its president Anand Grover and unknown office bearers for alleged violation of the Foreign Contribution (Regulation) Act, 2010. In a statement issued on …
The Securities Appellate Tribunal (SAT) on June 18, 2019, stayed an order passed by the Securities and Exchange Board of India (SEBI) barring New Delhi Television Ltd. (NDTV) promoters Prannoy Roy and Radhika Roy from holding managerial or directorial positions at …
The Securities and Exchange Board of India (SEBI) on June 14, 2019, has barred the promoters of New Delhi Television Ltd (NDTV) – RRPR Holdings Pvt. Ltd, Prannoy Roy and Radhika Roy – from accessing securities market …
IndiaBulls Housing Finance Ltd (IHFL) on June 12, 2019, moved the Supreme Court seeking urgent listing of a plea which alleged that it misappropriated Rs 98,000 crore of public money. The matter was mentioned before a Vacation …
The Delhi High Court on May 28, 2019, in the case of Policybazaar Insurance Web Aggregator & Anr. v. Acko General Insurance Ltd. & Ors., has imposed Rs 10 lakh cost on online insurance aggregator, Policybazaar, for …
The Delhi State Consumer Disputes Redressal Commission confirming the order passed by a district forum has directed McDonald’s India food outlet to pay Rs 70,000 compensation to a Delhi resident who after eating a burger with an …
Online restaurant guide and food ordering firm Zomato on June 3, 2019, has announced 26-week parental leave for all its employees, both men and women. As per its new paternal leave policy, the new parents will also be given an endowment of …
After a few Indian politicians backed cannabis research and legalisation of marijuana in the country, Yoga Guru Ramdev’s Patanjali Ayurveda is now intensifying studies on the plant’s medicinal and industrial properties. In a recent interview, Patanjali’s CEO, …
The news of a woman threatening to jump off her office building’s terrace in Gurugram after being fired from her job has created panic amongst the employers. The question as to what steps should be taken if …
On May 21, 2019, the world’s most recognizable brands McDonald’s Corp was accused in 25 new lawsuits and regulatory charges of condoning sexual harassment in the workplace and retaliating against employees who speak up. The cases were …
Electric auto components maker Flash Electronics on May 20, 2019, filed a lawsuit against Eicher Motors’ Royal Enfield for patent infringement in the US regarding the production of an important component for two-wheelers. In a statement, the …
The Bombay High Court on April 26, 2019, in the case of GlaxoSmithKline Consumer Healthcare Ltd and others v. The State of Maharashtra has allowed the sale of Sensodyne toothpaste in the market, which was put on hold last year by the state Food …
A man allegedly found a dead lizard in a food item served at the snacks major Haldiram’s outlet in Nagpur, PTI reported. As per the report, the incident took place at the outlet located at Ajani square …
Tech Mahindra Limited has appointed Vineet Vij as its Global General Counsel from April 29, 2019. He will be responsible for the legal affairs of Tech Mahindra and all its group companies worldwide. Vij has a rich …
Balaji Telefilms vice president legal Priyanka Chaudhari on May 17, 2019, joined Netflix Entertainment Services India LLP as Director & Senior Counsel – Content and Brand IP. She will be responsible for handling IP, trademark and content issues in …
The Delhi High Court has held that there can be no monopoly over the terms ‘Chur Chur Naan’ and ‘Amritsari Naan’ as they are “completely generic”. The court said the word ‘Chur Chur’ merely means “crushed” and …
Spencer’s Retail Limited, part of the RP Sanjiv Goenka Group’s retail flagship, is set to acquire 100% in Nature’s Basket Limited from its parent company, Godrej Industries Limited for 300 crores in an all-cash deal. This deal …
The Indian aviation sector seems to be again in turbulence as IndiGo founders, Rahul Bhatia and Rakesh Gangwal, are in dispute over the airline’s expansion strategies. As per reports, both these industry stalwarts disagree on some clauses …
Bollywood actress Deepika Padukone has invested in Drum Foods International Pvt. Ltd, the maker of the famous flavoured and greek yogurt brand Epigamia, as part of a strategic partnership that will also see her endorse the brand. …
Central Association of Private Security Industry (CAPSI) on Thursday (May, 9th 2019) signed a Memorandum of Understanding (MoU) with Sardar Patel University of Police, Security and Criminal Justice (SPUP), Jodhpur, Rajasthan in an endeavour to upscale the …
On Monday 13th May, 2019 Former ICICI Bank CEO Chanda Kochhar appeared before Enforcement Directorate in connection with a bank loan fraud and money laundering case which was registered against her. As Per the official sources she …
Reliance Brands Ltd, a subsidiary of Reliance Industry Ltd., acquired British toy retailer Hamleys for £67.96 million (about ₹620 crore) in an all-cash deal, the company said on Thursday. Reliance Brands signed an agreement to acquire a 100% stake …
McDonalds has decided to temporarily shut down 165 of its outlets in north and east India after finally ending its six-year-long bitter battle with its Indian franchise partner, Vikram Bakshi, to take over the 50:50 joint venture …
A day after declaring that Amrapali’s housing projects will be handed over to Noida and Greater Noida authorities for completion, the Supreme Court on Thursday (May 09, 2019) said the Unitech group and its 46 subsidiaries should be …
Acting on a complaint filed by Society of Indian Law Firms (SILF), the Bar Council of Delhi (BCD) has directed the Big Four Accounting Firms – KPMG, Price Water House Coopers, Ernst & Young, and Deloitte India to refrain from indulging …
Multi-billion dollar conglomerate PepsiCo has last week sued nine Gujarati farmers, asking them to pay ₹1.05 crore each as damages for ‘infringing its rights’ by growing the potato variety used in its Lays chips. Following the legal …
Apple and American microchip manufacturer Qualcomm have agreed to drop all litigations between the two companies worldwide. As per reports, the two firms have agreed to a six-year global patent licensing agreement and also agreed for Qualcomm …
A Chandigarh consumer forum has recently imposed a fine of Rs 9,000 on Bata India Limited for asking a consumer to pay Rs 3 for a paper bag. The forum observed that there was deficiency in services …
The Delhi High Court on April 8, 2019, in the case of Super Cassettes Pvt. Ltd v. Felix Arvid Ulf Kjellberg & Ors., has ordered YouTube to remove two songs published by Swedish YouTuber PewDiePie on its …
The Delhi High Court today (April 10, 2019) issued notice to Reserve Bank of India (RBI) to seek its response on a plea claiming that the Google payment app is operating without valid authorization. A Bench comprising …
The Supreme Court today (April 2, 2019) declared Reserve Bank of India (RBI) circular of February 12, 2018, relating to bad loan resolution as ultra vires. The judgment was passed by a Bench led by Justice Rohinton Nariman …
Swiggy, the food delivery app has recently came under a lot of criticism for sending an apology and a coupon worth Rs 200 to a woman who complained of sexual harassment by a delivery boy in Bengaluru. …
The National Company Law Appellate Tribunal (NCLAT) on March 20, 2019, has held that statutory liability, including income tax and value added tax dues, of debt-ridden companies are ‘operational debt’. Thus making the Income Tax department of the …
Fugitive Jeweler Nirav Modi has been arrested in London after a provisional arrest warrant was issued against him on March 18, 2019, by the Westminster Court. He will be produced before the court on March 20, 2019. …
The Delhi High Court on March 13, 2019, converted a letter, demanding salary and other benefits for the home gauds on par with the police, into a Public Interest Litigation (PIL). A Bench comprising of Chief Justice …
The Mumbai Police have arrested two fraudsters who made lakhs of rupees by cheating Yash Raj Films as well as their regular costume supplier. The duo allegedly hacked the supplier’s email and cheated the production house into …
The Enforcement Directorate (ED) has filed a fresh chargesheet against Punjab National Bank (PNB) scam-accused Nirav Modi under the Prevention of Money Laundering Act, 2002, officials said on March 11, 2019. According to the officials, chargesheet has …
The National Green Tribunal (NGT) on March 7, 2019, slapped a cost of Rs 500 crore as damages on Volkswagen India. A Bench headed by NGT Chairperson Justice Adarsh Kumar Goel was hearing a petition moved by …
The Chennai Bench of National Company Law Tribunal (NCLT) has directed initiation of insolvency proceedings against The Jeypore Sugar Company Ltd. The Bench was hearing a petition filed by IDBI Bank Ltd. for non-payment of dues to …
The Supreme Court on February 21, 2019, lifted the ban imposed on the popular painkiller Saridon a healthcare product of Piramal Enterprises Ltd. The order came following a ban that was imposed on September 12, 2018, by …
The National Company Law Appellate Tribunal (NCLAT) on February 8, 2019, in the case of Mr. Ashish Garodia v. Impact Event Management & Anr., has asked the Kolkata Bench of National Company Law Tribunal to close an …
Essar Group director Prashant Ruia has recently moved a new application before the National Company Law Tribunal (NCLT) seeking to set aside ArcelorMittal’s bid to take over the debt-crippled company. The fresh petition was moved on February …
The National Company Law Appellate Tribunal (NCLAT) on February 4, 2019, has upheld the ₹19,300-crore bid placed by JSW Steel for the debt-ridden Bhushan Power & Steel Ltd (BPSL). A Bench comprising of Justices SJ Mukhopadhaya and Bansi …
Less than two months after a UK court ordered liquor baron Vijay Mallya’s extradition to India, UK Home Secretary Sajid Javid on January 4, 2019, has signed the order for completing the process. “The Secretary of State, …
The Supreme Court on January 24, 2019, in the case of Britannia Industries Ltd v. Bombay Agricultural Produce Marketing Committee & Anr. has held that “edible oil”, “Vanaspati” and “sugar” are ‘agricultural produce’ within the meaning of …
On Thursday, January, 31st 2019 Supreme Court of India ordered Sahara group chairman Subrata Roy to remain present in court on Thursday, February 28, 2019 to justify why no action should not be taken against him as …
On Friday, February, 1st 2019 Fugitive liquor baron Vijay Mallya claimed that his property worth over 13,000 crores have been attached, more than the ‘claimed’ 9,000 crores that he “ran away with” asking where is justice and …
The Central Bureau of Investigation (CBI) has registered an FIR in connection with the alleged irregularities in transactions between ICICI Bank, the Videocon Group and NuPower Renewables, a company promoted by former ICICI MD and CEO Chanda …
The National Company Law Appellant Tribunal (NCLAT) on January 16, 2019, in the case of Ashok B. Jiwrajka, Director of Alok Infrastructure Ltd. v. Axis Bank Ltd. has upheld the insolvency proceedings against Alok Infrastructure, a subsidiary …
The National Company Law Tribunal, Mumbai Bench, in a recent case of TATA Chemicals Limited v. Raj Process Equipments and Systems Private Limited has imposed a cost of Rs 10 lakh on Tata Chemicals for filing a …
The National Company Law Appellate Tribunal (NCLAT) on January 8, 2019, has held that financial creditor can proceed against corporate guarantor even before proceeding against the corporate debtor. A Bench comprising of Chairperson Justice S.J. Mukhopadhaya and …
The Delhi High Court on December 18, 2018, in the case of Mahyco Monsanto Biotech (India) Pvt. Ltd. v. Competition Commission of India & Ors. has held that Officers or Directors of a company can be probed …
A Bombay court on December 15, 2018, issued notices against Ratan Tata and other Directors of Tata Sons in a defamation case filed by industrialist Nusli Wadia. In December 2016, Wadia had filed a criminal defamation suit …
The Delhi High Court on December 17, 2018, rejected a plea challenging the Life Insurance Corporation’s (LIC) move to acquire 51% stake in Industrial Development Bank of India (IDBI). Justice Vibhu Bakhru was hearing a petition filed …
Kotak Mahindra Bank has moved the Bombay High Court after the Reserve Bank of India (RBI) rejected its bid to issue preference shares for reducing promoter stake. The bank has to bring down promoter stake to 20% …
UK Court Extradites Liquor Baron Vijay Mallya. A court in the U.K. today i.e., December 10, 2018, has ordered the extradition of fugitive billionaire Vijay Mallya to India. The businessman wanted in India on charges of fraud …
The Delhi High Court has agreed to adjudicate a trademark infringement suit brought by Delhi’s famous food outlet “Kake-Da-Hotel” on whether the word ‘Kaka’ or ‘Kake’ can be monopolised under the Trade Marks Act, 1999, for running …
The Principal Bench of the National Company Law Tribunal on December 6, 2018, has dismissed HDFC Ltd’s insolvency plea against Malvinder and Shivinder Singh owned RHC Holding Pvt. Ltd for recovery of outstanding dues of over Rs …
Cyberattacks on large-sized organisation in India incurs an average of $10.3 million in economic losses, revealed Frost and Sullivan study commissioned by Microsoft. Whereas cyberattacks on mid-sized organization incurs an average of $11,000 in economic losses, the …
The Supreme Court on December 5, 2018, calling realty major Amrapali Group the “worst kind of cheater in the world” has ordered the attachment and sale of Amrapali Group’s five-star hotel, cinema hall, malls and factories across …
In a significant ruling the National Company Law Appellant Tribunal in the case of Mrs. Mamatha v. AMB Infrabuild Pvt. Ltd. & Ors. has held that ‘Corporate Insolvency Resolution Process’ under Section 7 of the Insolvency and …
GAIL (India) and Gujarat Energy Transmission Corp (GETCO) have moved to National Company Law Tribunal (NCLT) Ahmedabad bench seeking rejection of ArcelorMittal’s ₹42000 crore bid for Essar Steel, saying operational creditors have been left out in the …
The Supreme Court today i.e., November 19, 2018, upheld an order of the National Company Law Appellate Tribunal (NCLAT) approving UltraTech Cement Ltd’s revised ₹7,900 crore bid to acquire debt-laden Binani Cement Ltd. The Bench of Justices Rohinton …
The Supreme Court on November 16, 2018, stayed a penalty of ₹420.26 crore imposed by the Competition Commission of India (CCI) on car manufacturer Hyundai Motor India Ltd for allegedly restricting the sale and supply of genuine …
The national capital on November 15, 2018, witnessed the launch of Security Skills and Leadership Summit-2018, 13th Annual Conference of Central Association of Private Security Industry (CAPSI) & Association of Private Detective & Investigators (APDI) at PHD House, …
Ageas International, a multinational insurance company, signed an agreement on Wednesday i.e. November 14, 2018, with Royal Sundaram General Insurance Company, according to which it will be acquiring 40% stake in the latter for Rs. 1520 crores. …
The Central government on October 31, 2018, said that it does not want the messaging app WhatsApp to “decrypt and read” messages sent on its platform but “insists” that the Facebook-owned firm be able to trace the …
In an unusual move, Law Firm Cyril Amarchand Mangaldas has withdrawn its 2016 report that had given a clean chit to former ICICI Bank chief executive Chanda Kochhar with regard to nepotism allegations against her, the sources …
The Supreme Court on October 9, 2018, has sent three directors of the Amrapali group to police custody, directing them to hand over all the documents of the 46 group companies to forensic auditors. A Bench of …
Delhi People won’t be able to enjoy Vat 69 whisky and Smirnoff vodka for nearly two years as the Delhi government financial commissioner blacklisted the manufacturer United Spirits Limited (USL) for allegedly using duplicate barcodes and banned …
An insolvency petition has been filed before the National Company Law Tribunal (NCLT) by ICICI Bank against Jaiprakash Associates. The Allahabad bench of NCLT on September 10th, 2018 has asked the ICICI Bank to serve notice to …
The Interpol has issued a Red Notice against the sister of Nirav Modi, the mastermind behind the Punjab National Bank (PNB) fraud case. The Enforcement Directorate (ED) has alleged that Purvi Modi helped her brother lauder the …
The Reserve Bank of India (RBI) in its annual report released on August 29th, 2018, has warned that the number of cases of fraud reported by banks has increased both in terms of numbers and value in …
As part of the first action initiated against the absconding businessman Vijay Mallya under the newly enacted fugitive economic offenders law – The Fugitive Economic Offenders Act, 2018, (Act), the Mumbai special court is set to hear …
The Finance Ministry in a recent warning to bankers has asked all the Chief Executive Officers of the Public Sector Banks (PSBs) to check the Non-performing Asset (NPA) accounts exceeding Rs. 50 crore for fraud or they …
In a strong signal to defaulting real estate firms on Tuesday, August 21st, 2018, the Supreme Court of India has ordered a court-mandated committee to initiate an auction of personal assets of directors of real estate giant …
The United Kingdom has confirmed the presence of fugitive Nirav Modi in its territory, the main accused in the Punjab National Bank fraud case. After the confirmation, the Central Bureau of Investigation (CBI) moved an application seeking …
A restaurant in Khan Market paid over 30 times the service charge amount as compensation to a customer who moved a consumer forum seeking directions for a refund of the service charge amount. The petitioner, Nihit Dalmia, …
The Delhi Government has informed the Delhi High Court on August 8th, 2018 that it has initiated steps to ban the production, sale, and supply of e-cigarettes and initiatives are being launched to create public awareness. The …
The Supreme Court on Wednesday, August 8th, 2018 slammed the real estate major, Amrapali Group which is accused of failing to hand over possession of flats to around 42,000 home buyers and asked them not to play …
On August 7th, 2018 the Minister of State for Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homoeopathy (AYUSH), Shri Shripad Yesso Naik in a written reply informed the Rajya Sabha that “Advertising Standards Council of India (ASCI), …
The Ramco Cements Ltd. is planning to move the Supreme Court against the July 25 order passed by the National Company Law Appellant Tribunal (NCLAT) dismissing the appeal made by Ramco Cements and others. An appeal was …
After a thorough investigation, Securities and Exchange Board of India (SEBI) told the Calcutta High Court that Alchemist Group chairman K D Singh is trying to siphon off money which was deposited by innocent investors to tax …
The Ministry of Corporate Affairs (MCA) on Saturday (July 14th, 2018) has constituted a 10 Member Committee, headed by the Secretary of Ministry of Corporate Affairs, to review the penal provisions in the Companies Act, 2013. The …
On Monday (July 9th, 2018) Mumbai Branch of National Company Law Tribunal (NCLT) dismissed the Petition filed by Cyrus Mistry against Tata Sons, Ratan Tata, and several others, through an oral order. The Tribunal favouring Tata Sons …
The special court for the Prevention of Money Laundering Act in Mumbai has issued a Non-Bailable Warrant (NBW) against Mehul Choksi on the request of Enforcement Directorate. Five other people have also received a non-bailable warrant, who …
The Union Cabinet on Wednesday (July 4th, 2018) approved India’s accession to the World Intellectual Property Organisation (WIPO) Copyright Treaty and WIPO Performers and Phonograms Treaty (WPPT) that extends the copyright coverage to the internet and digital …
IndusInd Bank Limited (IBL) today has signed a definitive share purchase agreement with Infrastructure Leasing and Financial Services Limited, (IL&FS) and other minority shareholders to acquire 100% of IL&FS Securities Services Limited, (ISSL); IL&FS’s subsidiary specializing in …
CBI and enforcement directorate have succeeded in getting Interpol to issue a Red Corner Notice against fugitive businessman Nirav Modi wanted in PNB scam. The Red Corner Notice also named Nirav’s brother Neeshal Modi and close aide …
The Supreme Court today (July 3rd, 2018) has refused to stay the Reserve Bank of India’s Circular that was issued on April 6th, 2018 banning banks and financial institutions from providing services to any individual or business …
As Per Confederation of All India Traders on July 1st, 2018 nearly 10 lakh traders are to protest today (July, 2nd 2018) at about 1,000 places across the country against US retail giant Walmart’s proposed acquisition of …
The Indian Money stashed in Swiss Banks rose over 50% to Swiss Francs (CHF) 1.01 billion (₹. 7,000 crore) in 2017 as per the official annual data released by Swiss National Bank (SNB), the central banking authority …
On Wednesday (June 27th, 2018) Mehul Choksi, the promoter of Gitanjali Gems and one of the key accused in the multi-crore Punjab National Bank (PNB) scam case, moved a special court in Mumbai to seek cancellation of …
On Wednesday (June 27th, 2018) the Bombay High Court asked the Maharashtra government why it could not regulate the prices of food items that are being sold at exorbitant rates in multiplexes across the state. The matter …
Fortis Healthcare Board in its meeting on Tuesday (June 26th, 2018) which ended on Wednesday morning (June 27th, 2018) initiated legal action to recover about Rs. 445 crore of funds taken out of the company by its …
A commercial court in Vadodara granted a major victory to Amul, in a 20-year-old legal battle over its trademark that was going on with an Ahmedabad-based private diary. The court has restrained the private-dairy from selling pouched …
A Special Court in Mumbai on Tuesday (June 26th, 2018) granted permission to the Enforcement Directorate to start extradition of fugitive billionaire jeweler Nirav Modi in a money laundering case. Adv. Hiten Venegaokar, the counsel, appearing for …
A preliminary examination conducted by Securities and Exchange Board of India (SEBI) has favoured adjudication proceedings against ICICI Bank and its CEO Chanda Kochhar for alleged violation of listing disclosure norms regarding ‘conflict of interest’ in her …
The Enforcement Directorate (ED) on Monday (June 18th, 2018) filed a fresh chargesheet against liquor baron Vijay Mallya, including his two companies, i.e., United Breweries Holdings Ltd (UBHL) and Kingfisher Airlines (KFA) on charges of money laundering. …
Reliance Naval & Engineering Ltd has filed a complaint against a senior naval officer to the defence ministry for favouring its competitor, Larsen & Toubro, in a contract because his son is employed there. The allegations made …
On June 13th, 2018 the union cabinet chaired by Prime Minister Shri Narender Modi has approved the proposal of HDFC Bank Ltd to raise additional share capital. This raise in the capital will be maximum up-to 24,000 …
Revenue Department is working on a mechanism to refund taxes to foreign tourist at airport when the tourist is leaving the country, for the payment made for local purchases. An official said, “Initially tourist from big retailers …
Unique Identification Authority of India (UIDAI) has launched a new feature which will allow Aadhaar cardholders to download their own update history. The CEO of UIDAI, Dr. Ajay Bhushan Pandey, said, “This is yet another innovative and …
The President Ram Nath Kovind on Wednesday (June 6th, 2018) gave his assent to promulgate the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018. The Ordinance provides significant relief to home buyers by recognizing their status as financial …
The Supreme Court on Tuesday held that Foreign Law Firms cannot set up their offices in India or practice in Indian Courts. But they can give advice to Indian clients on ‘fly in and fly out’ basis. …
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![Statutory Dues Of Companies Are Operational Debt: NCLAT [Read Judgment]](https://lawstreet.co/wp-content/uploads/2019/03/Statutory-Dues-Of-Companies-Are-Operational-Debt-NCLAT-Read-Judgment-136x102.jpg)
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![CCI can probe Officers/Directors of a Company: Delhi HC [Read Judgment]](https://lawstreet.co/wp-content/uploads/2018/12/CCI-can-probe-OfficersDirectors-of-a-Company-Delhi-High-Court-136x102.jpg)
![Bombay Court Issues Notice To Ratan Tata, Tata Sons Directors In Nusli Wadia Defamation Case [Read Order]](https://lawstreet.co/wp-content/uploads/2018/12/Bombay-Court-Issues-Notice-To-Ratan-Tata-Tata-Sons-Directors-In-Nusli-Wadia-Defamation-Case-136x102.jpg)
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