Corporate
Acknowledgment Of Debt By Principal Borrower Binds Corporate Guarantor: NCLT Delhi Admits NARCL's Insolvency Application Against Era Infra
The National Company Law Tribunal (NCLT), New Delhi Bench on 4th November 2025, admitted an insolvency application filed by the National Asset Reconstruction Company Limited (NARCL) against Era Infrastructure (India) Limited (EIL), the corporate debtor and corporate guarantor, observing that the corporate guarantee executed by EIL in favour of Bank of India was enforceable and...
NCLT Kochi Denies Restoration Of Company Name Due To Prolonged Dormancy And Non-Compliance With Statutory Filing
The National Company Law Tribunal (NCLT), Kochi Bench, has denied the restoration of the company name due to prolonged dormancy and non-compliance with statutory filings. The bench of Judicial Member Vinay Goel and Technical Member Madhu Sinha observed, “The mere intention expressed by the Appellant in its appeal to regularize filings or revive the business at this stage cannot be...
Non-Supply Of Inquiry Officer's Report Before Imposing Penalty Vitiates Disciplinary Proceedings Unless Employer Shows Valid Justification: Delhi HC
A Division bench of the Delhi High Court comprising Justice Subramonium Prasad and Justice Vimal Kumar Yadav held that non-supply of the inquiry officer's report to the delinquent employee before imposition of penalty vitiates the disciplinary proceedings unless the employer provides valid justification for such omission. Background Facts The employee was a government servant under the Ministry of Railways. A disciplinary proceeding was initiated against him, culminating in a...
Income Tax Act | Reassessment Beyond Four Years Invalid When Original Assessment Finalised U/S 143(3): Punjab & Haryana High Court
The Punjab and Haryana High Court has held that re-assessment proceedings beyond four years are invalid when the original assessment has been finalised under Section 143(3) of the Income Tax Act. In case of an Assessment under Section 143(3) of the Income Tax Act, a scrutiny is carried out to confirm the correctness and genuineness of various claims, deductions, etc., made by the...
Delhi High Court Refuses To Stay Order Restraining Ravi Mohan Studios From Using 'BRO CODE' For Tamil Film
The Delhi High Court on Wednesday refused to stay the operation of a single-judge order that had restrained actor Ravi Mohan's production house from using the title 'BRO CODE' for its upcoming Tamil film, following a trademark dispute with Indospirit Beverages Private Limited, the maker of the alcoholic beverage 'BROCODE'.A division bench comprising Justice C Hari Shankar and Justice Om Prakash Shukla issued notice on the appeal filed by Ravi Mohan Studios but declined to grant an interim stay,...
Calcutta High Court Upholds Berger Paints' Exemption From Mandatory Pre-Litigation Mediation In ₹1 Crore Suit Over Urgent Interim Relief Plea
The Calcutta High Court recently refused to revoke an earlier order that had exempted Berger Paints India Limited from undergoing pre-litigation mediation before filing a commercial suit against GPHP Holdings Pvt Ltd, a manufacturing company. The dispute related to the recovery of Rs. 1.01 crore for paints and coatings sold and delivered between February and June 2024. In an order delivered on November 7, 2025, a single bench of Justice Aniruddha Roy held that pre-litigation mediation under...
Delhi High Court Sets Aside Reassessment Order Against Vedanta; Orders Fresh Consideration After GST Case Over Alleged ₹424-Crore ITC Fraud Closed
In granting relief to Vedanta Limited, the Delhi High Court has set aside an order of the the Income Tax Department for initiation of reassessment action against the Copper manufacturer, over alleged fraudulent availment of Input tax credit worth over ₹424 Crore.A division bench of Justices Prathiba M. Singh and Shail Jain observed that the GST Department had already closed the...
Bombay High Court Restrains Local Retail Shop From Infringing 'The Body Care' Mark
The Bombay High Court has temporarily restrained a Mumbai-based retail store from using the name “The Body Care Shop”, ruling that it infringes the registered trademark “The Body Care”, owned by a city-based cosmetics business.A single bench of Justice Sharmila U Deshmukh delivered the order on November 7, 2025, in response to a trademark infringement and passing off petition filed by...
Externally Procured Parts Supplied To Customer For Assembly, But Not Used By Manufacturer, Aren't Liable To Excise Duty : Supreme Court
The Supreme Court on Monday (November 10) dismissed the Revenue Department's excise duty demand against a company that had manufactured and erected a large boiler at a customer's site, holding that the full contract value could not be subjected to central excise duty. The Court clarified that parts bought out externally and supplied to the customer for assembly, but not actually used by...
Arbitration Agreement Is Valid Even Without Signature If Parties Acted Upon It: Kerala High Court
The Kerala High Court held that written agreement need not to be signed by the parties if the consensus ad idem and intention to arbitrate is reflected from the conduct of the parties and documentary evidence. Justice S. Manu allowed the application seeking reference to arbitration holding that an arbitration agreement in writing may exist even without signatures provided there is a...
SEBI Imposes ₹3 Lakh Fine On Angel One For Regulatory Lapses, Failing To Supervise Authorized Persons
The Securities and Exchange Board of India (SEBI) on Tuesday imposed a penalty of ₹3 lakh on stock broking firm Angel One Limited for multiple regulatory lapses, including operating trading terminals from unapproved locations and failing to properly supervise its representatives, known as Authorized Persons (APs).Adjudicating Officer Jai Sebastian observed that, as the broker, Angel One...