Corporate
Delhi High Court Dismisses Revenue's Demand Against Casio India In Transfer Pricing Case
The Delhi High Court has recently dismissed a transfer pricing demand against Casio India, a wholly-owned subsidiary of the Japanese watchmaker, related to advertising, marketing and promotion expenses for the assessment year 2017-18The Division Bench of Justice V Kameswar Rao and Justice Vinod Kumar ruled that the issue had already been settled in Casio's favour in previous years and...
Gauhati High Court Quashes ₹19.5 Crore GST Notice Against PepsiCo
The Gauhati High Court recently quashed a ₹19.5 crore show cause notice (SCN) issued to food and beverage giant PepsiCo India Holdings Pvt. Ltd. under the CGST Act, ruling that the GST department failed to comply with the mandatory process of return scrutiny before initiating tax demand proceedings.In a judgment delivered on September 19, 2025, a single bench of Justice Soumitra Saikia...
Asian Paints Moves Supreme Court Against CCI Probe
Asian Paints has approached the Supreme Court challenging the Bombay High Court decision that upheld the Competition Commission of India's (CCI) order to investigate the company for alleged abuse of dominant position in the decorative paints market.The investigation was initiated following a complaint filed by Aditya Birla Group's Grasim Industries on July 1.This follows the Bombay High...
CCI Dismisses Abuse Of Dominance Complaint Against Google Over Play Store Ban
The Competition Commission of India (CCI) on Monday dismissed a complaint filed by Liberty Infospace Pvt. Ltd. against Google, ruling that the tech giant did not abuse its dominant position by terminating the company's developer account on the Google Play Store.The Commission found no prima facie violation under Section 4 of the Competition Act, 2002, and closed the case without directing...
Bombay High Court Dismisses Anil Ambani's Plea Against SBI Classifying His Loan Account As "Fraud"
The Bombay High Court on Friday refused to quash the order passed by the State Bank of India (SBI), which classified the loan account of Reliance Communications and also its chairman Anil Ambani as "fraud."A division bench of Justices Revati Mohite-Dere and Dr Neela Gokhale pronounced the order.Notably, Ambani and his company account's classification as "fraud" was made on June 13, 2025,...
PVR Inox's VPF Charge On Filmmakers Prima Facie Violates Competition Act : CCI Orders Probe
The Competition Commission of India (CCI) on September 30 ordered an investigation against multiplex giant PVR Inox for allegedly abusing its dominant position in the film exhibition business by continuing to charge a Virtual Print Fee (VPF) from film producers. The probe was initiated following a complaint filed by The Film and Television Producers' Guild of India, which represents over 170...
Company Law | NCLT Can Examine Allegations Of Fraud & Validity Of Documents In Oppression & Mismanagement Cases : Supreme Court
The Supreme Court on Tuesday (Sep.2) observed that the National Company Law Tribunal (“NCLT”) has jurisdiction to examine allegations of fraud and validity of documents in oppression and mismanagement cases. The Court said that when “a member who holds the majority of shares in a company is reduced to the position of minority shareholder in the company by an act of the company or by...
Proceedings U/S 95 Of The IBC Shall Abate On Death Of The Personal Guarantor: NCLT, New Delhi
NCLT, New Delhi bench consisting of Justice Ramalingam Sudhakar and Sh. Hemant Kumar Sarangi in the case of Alchemist Asset Reconstruction Company v. Mr. Deepak Puri rejected an application filed by the Financial Creditor u/s 95 of the IBC, 2016 against the Personal Guarantor of the Corporate Debtor on the ground that after death of the Personal Guarantor, the proceedings against him...
Whether Claim Of License Fee For Use And Occupation Of Immovable Premises Is An Operational Debt U/S 5(21), IBC? : NCLAT Refers To Larger Bench To Consider
The Principal Bench of the NCLAT in a Bench consisting of Justice Ashok Bhushan, Chairperson, Dr. Ashok Kumar Mishra and Dr. Alok Srivastava, Technical Members in Jaipur Trade Expocentre Pvt. Ltd. v. Metro Jet Airways Training Pvt. Ltd. referred the issue of whether the claim of the Licensor for payment of License Fee for use and occupation of Immovable Premises for commercial purposes is...
Suspended Board of Directors Has No Power To Replace RP Under IBC: NCLAT, Chennai
The NCLAT, Chennai in a Bench consisting of Justice M. Venugopal, Judicial Member and Kanthi Narahari, Technical Member in the case of Anil Kumar Ojha v. Chandramouli Ramasubramaniam Resolution Professional of SLO Industrial Ltd. & Anr. held that the suspended Board of Directors has no power under the IBC to appoint a Resolution Professional. The power to do so has only been vested...
Retired Partner Cannot Initiate Proceedings Under IBC Against Other Partners Or Firm For Retirement Dues: NCLT, Mumbai
The NCLT, Mumbai Bench consisting of Kishore Vemulapalli, Judicial Member and Rajesh Sharma, Technical Member in the case of Anil Vora HUF v. Kavya Build-Con Private Limited rejected the Section 9 application filed by the Operational Creditor on the ground that a retired partner cannot initiate proceedings u/s 9 of the Insolvency and Bankruptcy Code, 2016 to claim retirement dues...
Personal Guarantors Of NBFC/FSC Cannot Be Proceeded Against Unless Threshold Of Rs. 500 Cr Is Satisfied: NCLT, Jaipur
The Jaipur Bench of the NCLT consisting of Deep Chandra Joshi, Judicial Member and Raghu Nayyar, Technical Member in the case of Shapoorji Pallonji Finance Private Limited v. Rekha Singh held that Personal Guarantors of Non-Banking Finance Company/ Financial Services Provider cannot be proceeded against unless the NBFC/ FSP satisfies the Rs. 500 crore threshold limit under...