Corporate
How 2025 Reshaped Boundaries Of Resolution Estate Under Insolvency And Bankruptcy Code 2016
November 2025, brought with it major advancements into the debt restructuring ecosystem of India that reshape the contours of India's resolution estate under the Insolvency and Bankruptcy Code, 2016 ('the Code')[1].First is the circular dated 4th November 2025 ('the Circular') issued by the Insolvency and Bankruptcy Board of India ('IBBI') which permits insolvency professionals to seek restoration of assets attached under the provision of Prevention of Money Laundering Act, 2002 ('PMLA')[2],...
Chandigarh Consumer Commission Holds I.E.T. Bhaddal Liable For Denying Student Exam Opportunity; Awards ₹50,000 Compensation
The complainant, Mr. Raman, took admission in the D-Pharmacy (two-year course) at the Institute of Engineering & Technology (I.E.T.), Bhaddal, Punjab (OP-1) in 2019. The complainant stated that he enrolled based on the assurances of OP-3, who allegedly acted as a commission agent for the institute. At the time of admission, OP-1 informed the complainant that the annual course fee...
Bombay High Court Temporarily Restrains Financial Companies From Infringing 'FEDEX' Trademark
The Bombay High Court has restrained Maharashtra-based FedEx Securities Pvt. Ltd. and its group companies from using the word “FEDEX” in their corporate names, holding that the term is globally and exclusively associated with Federal Express Corporation, the US logistics major. Justice R I Chagla passed the order on December 11, allowing Federal Express Corporation's plea for...
Delhi District Commission Holds Pearl Grand Galaxy Banquet Hall Liable For Failure To Refund Advance Amount
The Delhi District Consumer Disputes Redressal Commission, New Delhi bench comprising Poonam Chaudhry, President and Shekhar Chandra, Member has held Pearl Grand Galaxy banquet hall liable for failure to refund the advance amount on account of cancellation of bookings due to Covid-19. Brief facts: The complainant visited Pearl Grand galaxy banquet hall ('Opposite party') in...
Reliance Capital Insolvency: NCLAT Issues Notice On SEBI's Challenge To Plan Clause Allegedly Shielding Subsidiary From Penalties
The National Company Law Appellate Tribunal on Friday issued notice on SEBI's appeal challenging an NCLT Mumbai order that refused to recall or clarify a paragraph in the Reliance Capital resolution plan which, according to SEBI, is being misused to claim that all liabilities of the company's subsidiaries also stand extinguished. SEBI says this interpretation is being deployed by a...
CENVAT Credit Rules | Storage Of Finished Goods Outside Factory Due To Space Constraints Covered Under Rule 2(l); Credit Cannot Be Denied: CESTAT
The Allahabad Bench of Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) held that storing finished goods outside the factory premises due to space constraints is connected with the assessee's business operation. Therefore, CENVAT (Central Value Added Tax) credit on 'warehousing services' is admissible as an 'input service' under Rule 2(l) of the CENVAT Credit Rules, 2004 and cannot...
Delhi High Court Refuses To Stay Order Allowing Dr. Reddy's To Manufacture And Export Semaglutide
The Delhi High Court on Friday refused Danish drug maker Novo Nordisk's plea for an immediate ex-parte stay on a single judge's order that allowed Dr. Reddy's Laboratories to manufacture and export Semaglutide-based formulations to countries where Novo Nordisk does not hold patent rights. A Division Bench of Justice C Hari Shankar and Justice Om Prakash Shukla, while hearing Novo...
NCLT Chennai Defreezes Karti Chidambaram's Wife's Bank Accounts After SFIO Admits PAN Error
The National Company Law Tribunal (NCLT) at Chennai on Friday ordered the defreezing of all bank accounts belonging to Dr Srinidhi Karti Chidambaram after the Serious Fraud Investigation Office (SFIO) confirmed through its verification exercise that her accounts had been frozen because of an error. A coram of Judicial Member Jyoti Kumar Tripathi and Technical Member Ravichandran Ramasamy...
Question On Existence Of Arbitration Clause Cannot Be Re-agitated U/S 11 After Being Settled U/S 8 A&C Act: Delhi High Court
The Delhi High Court Bench of Justice Purushaindra Kumar Kaurav has observed that when a party invokes Section 11(6), Arbitration and Conciliation Act (“ACA”) after a judicial authority has declined a referral under Section 8, ACA, it is impermissible for the Court to appoint an arbitrator, owing to issue estoppel and also res judicata.FactsThe Petitioner i.e. JSW MG Motor India Pvt...
Customs | Goods Cannot Be Confiscated Solely On Local Market Survey/Opinion Without Proof Of Smuggling: CESTAT Allahabad
The Allahabad Bench of Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) held that goods cannot be confiscated merely on the basis of a local market survey or opinion in the absence of proof of smuggling. The Tribunal observed that the burden to prove that the goods are smuggled lies on the department.P.K. Choudhary (Judicial Member) stated that the Department has not discharged...
Delhi High Court Orders Removal Of Marks Bearing Chandigarh Realty Firm's 'Elante' Trademark
The Delhi High Court has ordered the removal of three trademarks, “Elante Residencies,” “Elante Group” and a device mark containing the word “Elante,” registered by Elante Residencies Limited after finding that Chandigarh-based CSJ Infrastructure Pvt. Ltd. is the prior adopter, prior user and registered proprietor of the “Elante” mark. In a judgment dated November 27,...