SEBI has imposed a ₹25 lakh fine on DB Realty (now Valor Estate) and its promoters for financial misstatements and non-disclosures related to a loan guarantee and NPA classification violations.
The Delhi High Court has allowed the Annual General Meeting (AGM) of Religare Enterprises Limited (REL) to proceed on February 7, 2024, despite ongoing legal disputes. The meeting will include a vote on the Burman Family's takeover of REL, amid objections from minority shareholder Sapna Govind Rao and challenges to the removal of Dr. Rashmi Saluja as Executive Chairperson.
Calcutta High Court upholds an arbitral tribunal’s power to correct calculation errors under Section 33 of the Arbitration Act in Haldia Development Authority v. Konark Enterprises.
Delhi High Court upholds tax deductibility of license fees paid by Remfry & Sagar for the use of its founder’s name and goodwill, ruling them as legitimate business expenses under Section 37 of the IT Act.
CESTAT rules that imported communication modules are independent parts of communication hubs, classifying them under CTI 8517 70 90 and granting corresponding exemptions.
Withers KhattarWong strengthens its corporate team with the addition of ex-Linklaters counsel Gary Beh as a partner, enhancing its M&A and private equity capabilities.
Matouk Bassiouny & Hennawy advised Saudi Public Investment Fund on SIC’s EGP 3.4 billion acquisition of a 37.5% stake in CIRA Education, strengthening its regional presence.
Delhi High Court overturns 2019 arbitral award against NTPC, setting aside the Rs 1,891 crore damages granted to JITF, citing "patent illegality" and violation of public policy.
Ethos Limited has received a ₹3.21 crore GST demand from the Principal Commissioner, CGST Chandigarh, for alleged non-payment on non-taxable transactions and Input Tax Credit discrepancies for FY 2017-18 to 2019-20. The company plans to appeal, asserting the demand is unfounded.
Usha Martin Limited has been fined ₹53.47 million by the Joint Commissioner of CGST & C.Ex., Jamshedpur, for non-payment of Compensation Cess on the supply of Char Fines.
