Corporate
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...
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...
Disbursal Of Funds Under Funding Agreement With Guaranteed Return Amounts To Financial Debt U/S 5(8) IBC: NCLT
The NCLT, Mumbai Bench, has held that a disbursal of funds under a funding agreement with guaranteed return amounts to financial debt under section 5(8) of the IBC, 2016. The bench of Judicial Member Nilesh Sharma and Technical Member Sameer Kakkar observed, “It can be said that the Applicants have invested funds under the Funding Agreement, and as per the terms of the agreement,...
Typographical Error In Title Of Arbitral Award Can Be Corrected Beyond 30 Days If Caused By Tribunal's Mistake: Delhi High Court
The Delhi High Court held that a clerical or typographical error in the title of an arbitral award can be corrected even after 30 day limitation period provided under section 33 of the Arbitration Act if the mistake originated from the tribunal itself and not from the parties. The Division Bench comprising Chief Justice Devendra Kumar Upadhyaya and Justice Tushar Rao Gedela...
Bombay High Court Restrains Surat Company From Using German Entity's 'PETROFER' Mark
The Bombay High Court has granted an interim injunction in favour of German lubricant manufacturer Petrofer Chemie H.R. Fischer GmbH & Co. and its Indian licensee Hardcastle Petrofer Private Limited, restraining United Petrofer Limited, a Surat-based company, from using the mark 'PETROFER'. A single bench of Justice Arif S Doctor passed the order on November 6, 2025, while deciding...
Conduct Inter-Ministerial Consultation On Whether Import Of Massagers/Sex Toys Is Allowed Or Not: Delhi High Court Tells CBIC
The Delhi High Court has directed the CBIC (Central Board of Indirect Taxes and Customs) to conduct inter-ministerial consultation in respect of coming up with a uniform policy permitting or prohibiting the import of products declared as 'body massagers' or sex toys. The bench opined that the question as to whether any product is obscene or not cannot, obviously, be left at the...
Paytm Moves NCLT Delhi Against WinZO Games Over ₹3.6 Crore Unpaid Advertising Dues
The National Company Law Tribunal (NCLT) at Delhi on Tuesday issued notice to WinZO Games after Paytm (One97 Communications Ltd) filed an insolvency plea claiming that the gaming company failed to pay around Rs 3.6 crore for advertising services. Judicial Member Justice Jyotsna Sharma and Technical Member Anu Jagmohan Singh heard the matter briefly and gave WinZO two weeks to file its reply....