NCLT Kochi Orders Original Concessionaire To Transfer ₹35.83 Lakh Jatayu Project Revenue To Common Pool

The National Company Law Tribunal (NCLT) at Kochi has directed that Rs 35.83 lakh lying in the current account of Guruchandrika Builders and Property Private Limited, the original concessionaire of the Jatayupara Tourism Project, be transferred to the project's common pool account, saying the move was necessary to maintain continuity of financial supervision. The direction was issued in an...

Bombay High Court Imposes ₹15 Lakhs Cost On Anrose Pharma For Infringing 'ZERODOL' Trademark

The Bombay High Court has held that Anrose Pharma's adoption and use of the trade mark 'ZEROVOL-P' in respect of pharmaceutical products amounted to a clear case of infringement and passing off of IPCA Laboratories Limited's registered trade mark 'ZERODOL'. The Court observed that in matters involving medicinal products, a stricter standard of comparison is required, as even a likelihood...

NCLT Delhi Clears Merger Of Fortis Subsidiaries Into Fortis Hospitals Despite SFIO Probe Concerns

The National Company Law Tribunal (NCLT) at New Delhi has approved the merger of four Fortis group subsidiaries into Fortis Hospitals Limited, overruling objections linked to an ongoing investigation into the group's former promoters. The approval was granted on January 5, 2026, nearly two years after the tribunal passed its first order in the matter. The merger will take effect from April...

Dealer Liable For Failure To Transfer Ownership Of Exchanged Vehicle: Chandigarh Consumer Commission

The District Consumer Disputes Redressal Commission-II, U.T. Chandigarh, comprising President Amrinder Singh Sidhu and Member Brij Mohan Sharma, has held that a vehicle dealer is responsible for ensuring the transfer of ownership of an exchanged car to the subsequent purchaser. The Commission ruled that failure to do so constitutes deficiency in service, particularly where the vehicle...

Settlement Between Operational Creditor and Suspended Director Can't Override Lenders' Claims: NCLT Ahmedabad

The National Company Law Tribunal (NCLT) at Ahmedabad has recently held that a settlement between an operational creditor and a suspended director cannot be used to withdraw a company from insolvency once the Committee of Creditors is in place.Dismissing a withdrawal plea in the insolvency of Vimla Fuels & Metals Limited, the tribunal said such a private arrangement cannot override the...

Business Law Daily Round-Up: January 06, 2026

TAX HSNS Cess Rules Notified: Pan Masala Makers to Pay Levy Based on Installed Machines From Feb 1ITAT Mumbai Sets Aside ₹2.28-Crore Capital Gains Tax on Housing Society For Developer Payments To MembersAmendments To Income Tax Appellate Tribunal Rules Mandate Digital Signatures For Filing AppealsBihar Excise Act | Patna High Court Reduces Penalty From 50% To 30% For Release Of Rental...

Writ Jurisdiction Cannot Be Invoked To Claim One Time Settlement Benefits: Kerala High Court Reiterates

The Kerala High Court has reiterated that borrowers cannot invoke writ jurisdiction to compel banks or financial institutions to extend the benefit of a One Time Settlement (OTS) scheme. A division bench of Justice Anil K Narendran and Justice Muralee Krishna S dismissed a writ appeal filed by borrowers and upheld the decision of a single judge refusing to interfere with recovery...

Madras High Court Rejects Vegan Brand Origin Nutrition's Interim Plea To Restrain 'ORIGIN FRESH' Trademark

The Madras High Court has refused to grant interim relief to Origin Nutrition Private Limited, a maker of vegan protein products, in its trademark infrigment dispute with Tech7 Phyll Private Limited over the use of the name “ORIGIN/ORIGIN FRESH” for selling fruits and vegetables. In an order dated December 19, 2025, Justice N Senthilkumar said that “ORIGIN” is a common, generic word...

Madras High Court Refuses To Lift Interim Ban On YouTube Channels Streaming Raj Television's Tamil Films

The Madras High Court has refused to lift an interim injunction against a YouTuber accused of illegally streaming Tamil films claimed by Raj Television Network Limited. The case centres on the Tamil films 16 Vayathinile, Kalangarai Vilakkam and Kudiyirundha Kovil. Raj Television says it holds exclusive copyright over these films, including their digital and streaming rights. Justice N...

CGST |Tripura High Court Reads Down Section 16(2)(c), Shields Bona Fide Buyers From ITC Denial

The Tripura High Court has read down Section 16(2)(c) of the Central Goods and Services Tax Act, 2017, holding that while Input Tax Credit can be claimed only if the tax charged by the supplier is paid to the Government, the provision cannot be applied to deny credit to a bona fide purchaser for the supplier's default.A Division Bench of Chief Justice M S Ramachandra Rao and Justice S...

Income Declared Under VDIS Can Still Be Scrutinised If Higher Income Is Found: Madhya Pradesh High Court

The High Court of Madhya Pradesh at Jabalpur recently held that declaring income under the Voluntary Disclosure of Income Scheme, 1997 does not stop the income tax department from checking whether the correct income was disclosed, even though the scheme protects the assessee from being questioned about the source of that income. A Division Bench of Justice Vivek Rusia and Justice Pradeep...

Reassessment Notice To Non-Existent Firm Invalid: Bombay High Court Reiterates

The Bombay High Court has reiterated that proceedings initiated against a non-existent entity are invalid in law. A Division Bench of Justices B.P. Colabawalla and Amit S. Jamsandekar set aside a reassessment notice and a consequential assessment order issued under the Income Tax Act against a partnership firm that had merged into a private limited company years earlier. The case concerned...