Corporate
NCLAT Dismisses Challenge To Grainotech's Plan For Resolution Of KSG Sugar.
The National Company Law Appellate Tribunal (NCLAT) at Delhi has recently held that the failure to communicate the individual score and ranking of a resolution applicant does not invalidate the corporate insolvency resolution process. The Tribunal ruled that the Consortium of Govindrao Sable's objection to the non disclosure of its scorecard did not affect the approval of the...
Delhi High Court Clears 'SoEasy' Trademark For Hindi Learning Platform, Calls It Suggestive and Distinctive
The Delhi High Court has overturned the Trade Marks Registrar's refusal to register the mark “SoEasy” for a Hindi learning and testing platform, holding that the phrase is suggestive rather than descriptive and is therefore capable of trademark protection. The Court directed the Registrar to process the application for registration. In a judgment delivered on November 24, 2025, Justice...
Madras High Court Allows Udaipur Salon To Use 'Bounce', Rejects South Indian Chain's Appeal
The Madras High Court has dismissed appeals filed by Spalon India Private Limited, operator of the “BOUNCE” salon chain in South India, against an order vacating the interim injunction earlier granted in its favour over the use of the word “Bounce” by an Udaipur-based salon, “Bounce Salon & Makeover Studio.”A Division Bench of Justice G Jayachandran and Justice Mummineni...
Delhi High Court Cancels Copyright For Edible Oil Label Bearing 'Swastik', Says It Copies Rajani Products' Artwork
The Delhi High Court has cancelled a copyright registration granted for an edible oil label featuring a 'Swastik' device, holding that the artwork was a substantial reproduction of a label long used by Rajani Products, a manufacturer and seller of edible oils. Finding that the rival work lacked originality, the Court directed that the entry be expunged from the Register of...
Parties Cannot Be Penalised for Lawyer's Absence: NCLAT Orders Rehearing In Sagar Power Preferential Deal Case
The National Company Law Appellate Tribunal (NCLAT) at Chennai has reaffirmed that parties cannot be penalised because their lawyer failed to appear, and has directed the National Company Law Tribunal (NCLT) Bengaluru to rehear the liquidator's application alleging preferential transactions by former directors of Sagar Power after giving them an opportunity to be heard.The appeal was filed...
NCLAT Dismisses Plea Challenging Investigation Into Alleged Siphoning By Exclusive Capital, Promoters
The National Company Law Appellate Tribunal (NCLAT) at Delhi has recently dismissed an appeal filed by Exclusive Capital Ltd. and its promoters, upholding the National Company Law Tribunal (NCLT) Delhi's decision directing a full investigation into the company's affairs. The probe concerns allegations that the management siphoned funds through related-party transactions and diversion of...
'Estimation Theory Doesn't Apply To Sham Purchases': ITAT Mumbai Restores Full Disallowance Of ₹26.49 Lakh
The Income Tax Appellate Tribunal (ITAT) Mumbai has held that where purchases are conclusively proven to be bogus and the assessee fails to substantiate the genuineness of suppliers, the entire purchase amount must be added to income and the benefit of estimating profit element cannot be applied. A Bench of Smt. Beena Pillai (Judicial Member) and Shri Omkareshwar Chidara...
NCLT Bengaluru Denies Interim Relief To Riju Ravindran In His Plea Against Glas Trust's Aakash Right Issue Funding Plan
The National Company Law Tribunal (NCLT) at Bengaluru on Tuesday refused to grant any interim relief in former Byju's promoter Riju Ravindran's plea challenging the Committee of Creditors' approval of a Compulsorily Convertible Debenture structure proposed by Glas Trust to fund Think and Learn Private Limited's subscription to Aakash Educational Services Limited's rights issue. The...
Supreme Court Leaves Open Question Whether Customs Can Seize Goods Which Left Port
The Supreme Court recently refused to entertain an appeal against the Customs, Excise and Service Tax Appellate Tribunal (“CESTAT”) view that once goods are cleared from the port, customs authorities lose their power to confiscate them for violations such as non-compliance with license requirements. However, the bench of Justices Manoj Misra and Ujjal Bhuyan left open the question...
Insolvency Process Can Be Withdrawn Before Formation of CoC, NCLT Chennai Reaffirms
The National Company Law Tribunal at Chennai has recently reaffirmed that a corporate insolvency resolution process (CIRP) may be withdrawn after admission but before the Committee of Creditors (CoC) is formed, while allowing the withdrawal of insolvency proceedings against Vees Properties Limited. The tribunal relied on the Supreme Court's ruling in Glas Trust Company LLC v. BYJU...
UPGST Act | Confiscation Notice U/S 130 Cannot Be Issued For Mere Violation Of Record-Maintenance Requirements U/S 35: Allahabad HC
Recently, the Allahabad High Court reiterated that notices under Section 130 of the Uttar Pradesh Goods and Service Tax Act 2017 for confiscation and levy of penalty, could not be issued for alleged violation of maintenance of accounts and records as required under Section 35 of the Act. It was held that such notices under Section 130 could only be issued once the...
Delay Equals Refusal, NCLT Kochi Directs Company To Transfer Shares To Legal Heir
The National Company Law Tribunal at Kochi has recently held that the prolonged delay by Whispering Kera Ecological Homestay Pvt. Ltd. in acting on a request to transmit shares of a deceased shareholder amounted to a refusal to transfer, and has directed the company to complete the transfer in favour of the surviving legal heir. The tribunal allowed the appeal filed by the shareholder's...












