NCLT Mumbai Dismisses Housekeeping Services Firm's Insolvency Plea Against RCom Arm Reliance Realty

The National Company Law Tribunal (NCLT) at Mumbai has dismissed an insolvency petition filed by A2Z Infraservices Ltd against Reliance Realty Ltd, a subsidiary of debt-ridden Reliance Communications Ltd, holding that the bills relied upon by the operational creditor had not become payable under the contract and therefore could not establish any default. The tribunal found that the work...

Corporate Guarantee Need Not Be Invoked To File Claim In Guarantor's CIRP: NCLAT

The National Company Law Appellate Tribunal (NCLAT) at Delhi has held that a financial creditor can maintain its claim in the Corporate Insolvency Resolution Process (CIRP) of a corporate debtor that had stood as a guarantor for another company, even if the corporate guarantee was never invoked. It further held that invocation of a corporate guarantee is relevant only for initiating CIRP...

CCI Approves Coinbase Deal To Buy Minority Stake In CoinDCX Parent

The Competition Commission of India (CCI) on Tuesday approved Coinbase Global Inc.'s proposal to acquire a minority stake in DCX Global Limited, the holding company behind the CoinDCX cryptocurrency exchange in India. Coinbase, a US-based cryptocurrency exchange operating in over 100 countries, has recently entered the Indian market. DCX Global Limited, incorporated in Mauritius, owns...

Service Tax | Extended Limitation Cannot Be Invoked Without Mens Rea, Deliberate Intent To Evade Duty To Be Proven: CESTAT Chandigarh

The Chandigarh Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has set aside a service tax demand of ₹18.95 crore raised against the assessee, KEC International, holding that the Department wrongly invoked the extended period of limitation without establishing any intent to evade tax . A Bench comprising Hon'ble Mr. S.S. Garg (Judicial Member) and Hon'ble Mr....

Commission Earned On Sale Of Agricultural Produce Attracts Service Tax Under 'Business Auxiliary Service': CESTAT Ahmedabad

The Ahmedabad Bench of Customs, Excise and Service Tax Appellate Tribunal (CESTAT) confirmed demand of service tax on commission earned on account of sale of agricultural produce, Indian Raw Cotton under the head 'Business Auxiliary Service'. The CESTAT upheld order by the lower authority fastening service tax liability of ₹71.75 lakhs and ₹90.56 lakhs for the periods 2010-11...

Company Must Approach ROC First Before Coming To NCLT For Rectification Of Register of Members: NCLT Kochi

The National Company Law Tribunal (NCLT) at Kochi, has held that a company cannot bypass the Registrar of Companies (ROC) and directly approach the tribunal to correct its shareholding records under the Companies Act, 2013, ruling that such attempts undermine statutory disclosures and penal provisions. Dismissing an appeal filed by Nuventure Connect Private Limited, the coram of Judicial...

Excluding Liquidation Time After Extension On Same Grounds Amounts To Review: NCLT Ahmedabad

The National Company Law Tribunal (NCLT) at Ahmedabad has rejected a liquidator's request to exclude the first year of liquidation of Nakoda Limited from the statutory timeline, holding that once additional time is granted for delays, the same period cannot later be wiped out altogether. In an order dealing with a plea to modify its earlier decision granting a one-year extension of...

Kerala High Court Revives Two KELTRON Subsidiaries After Two Decades, Recalls Winding Up Orders

The Kerala High Court has recalled its winding up orders against two subsidiaries of Kerala State Electronics Development Corporation Ltd (KELTRON), allowing the revival of Keltron Power Devices Ltd (KPDL) and Keltron Rectifiers Ltd (KRL). The court noted that there was no legal or procedural bar to reopening the companies in view of changed circumstances and fresh government...

Delhi High Court Orders 'HERO' Mark Infringer To Pay ₹2.5 Lakh To NGO For Obstructing Court-Ordered Search

The Delhi High Court has directed a Sonipat-based manufacturer of motorcycle parts to pay a total of Rs 5 lakh after finding that it obstructed a court-ordered search in a trademark infringement case involving the “HERO” marks owned by Hero Investcorp Pvt. Ltd. A single bench of Justice Tejas Karia passed the order on December 8, 2025, while dealing with an application alleging...

LiveLawBiz: Business Law Daily Round-Up: December 16, 2025

TAX Centre Projects ₹47,700 Crore Revenue Loss Amid GST Rate-RationalisationCustoms Act | Penalty U/S 112 Cannot be Imposed Solely On Co-Accused's Statement Without Corroborative Evidence: CESTAT KolkataDelhi High Court Directs To Re-Assess Bills Of Entry, Allows Infra Cess Exemption On E-Golf Carts Owing To Technical GlitchDelhi High Court Upholds GST Adjudication Despite SCN Being Signed...

Consumer Commission Rejects Complaint Against Airtel Over International Roaming Charges

The District Consumer Disputes Redressal Commission, Chandigarh, comprising Amrinder Singh Sidhu (President) and B.M. Sharma (Member), has dismissed a consumer complaint against Bharti Crescent and Bharti Airtel Ltd., holding that the charge of ₹649 was towards activation of an international roaming pack and did not amount to deficiency in service or unfair trade practice. Facts of the...

Sales Tax Dues Must Be Treated as Secured Claims Under IBC: NCLT Ahmedabad Reaffirms

The National Company Law Tribunal (NCLT), Ahmedabad Bench, has recently reiterated that tax dues backed by a statutory charge must be treated as secured claims under the Insolvency and Bankruptcy Code. It directed the resolution professional of Amul Industries Pvt. Ltd. to treat the Rs 6.64 crore Central Sales Tax (CST) claim of the Gujarat State Tax Officer as a secured debt. The tribunal...