Corporate
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,...
NCLT Bengaluru Admits Cauvery Neeravari Nigam To Insolvency Over ₹9.36 Crore Default
The National Company Law Tribunal (NCLT) at Bengaluru on Wednesday admitted a Karnataka government undertaking Cauvery Neeravari Nigam Limited into the Corporate Insolvency Resolution Process for a default of over Rs 9.36 crores. The bench of Judicial Member Sunil Kumar Aggarwal and Technical Member Radhakrishna Sreepada, while admitting an insolvency plea filed by project contractor...
LiveLawBiz: Business Law Daily Round-Up: December 11, 2025
TAXRailway Receipts & STTG Certificates Are Valid Documents For Availing CENVAT Credit Before 27.08.2014: CESTAT Kolkata'Did Not Apply Mind': Gujarat High Court Quashes Tax Authority's Order Refusing To Condone Delay In Filing Return Due To COVID Pandemic Customs Act | 'Prohibition Includes Restriction': CESTAT Chennai Holds S.111(d) Covers Both Complete & Partial Restricted...
Unauthorised Residents Association Cannot Trigger CIRP If Individual Homebuyers Miss Debt Threshold: NCLT Delhi
The National Company Law Tribunal (NCLT) at New Delhi has recently held that a Residents Welfare Association that is not authorised by individual homebuyers cannot initiate a corporate insolvency process on their behalf, particularly when those homebuyers do not individually meet the minimum debt threshold under the Insolvency and Bankruptcy Code. A coram of Judicial Member Manni...