Corporate
Centre Rationalises Drone Taxation: Uniform 5% GST, IGST & Customs Duty Relief For Flight Simulators
The Union Government has informed the Lok Sabha that drones across all categories will now attract a uniform 5% GST, following the recommendations of the 56th GST Council Meeting held on 03.09.2025, aimed at removing classification disputes and promoting ease of doing business in the aviation and emerging-technology sectors. Replying to Unstarred Question No. 708, the Minister of...
SEBI Cracks Down On Finfluencer Avadhut Sathe, Impounds ₹546 Crore For Providing Unregistered Investment Advice
The Securities and Exchange Board of India (SEBI) has banned finfluencer Avadhut Sathe from the securities market and impounded Rs 546.16 crore of unlawful gains after finding that he was providing unregistered investment advisory services in the garb of stock market education. SEBI also found that many participants who acted on his instructions suffered losses, while Sathe himself often did...
Evasion Of Tax Cannot Be Attributed To Transporter When Consignor Accepts Error In Loading Goods: Allahabad High Court
The Allahabad High Court has held that evasion of tax cannot be attributed to the transporter when consignor accepts error in loading goods. Certain goods were intercepted in transit from Dehradun to Delhi. After notices were issued to the cosigner/ consignee, the goods were released in their favour. Subsequently, an order alleging intention to evade tax under Section 129 of the GST...
Imitation Zari Thread Made From Plastic/Polyester Film With Aluminium Metal Attracts 5% GST, Post Rate-Rationalization
The Gujarat Authority for Advance Ruling (AAR) has held that supply of imitation zari thread or yarn made from metallised polyester or plastic film, widely used in sarees or garments in place of real gold or silver zari thread would attract GST at 5%. In a ruling dated November 29, 2025 Gujarat AAR comprising Shri. Vishal Malani (Memmer- Central Tax) and Smt. Sushma Vora (Member-...
Haryana RERA Directs Emaar MGF To Pay 10.85% Interest To Homebuyer For Six-Year Delay In Possession
The Haryana Real Estate Regulatory Authority (RERA) has held that Emaar MGF Land failed to meet its contractual obligation to hand over a flat in its Emerald Floors Premier Phase III project in Gurugram on time, and directed the developer to pay delayed possession interest at 10.85% per annum from 28 May 2014 until the offer of possession plus two months or the actual handover, whichever...
Haryana RERA Dismisses Homebuyers' Complaint Against M3M, Orders Full Refund Of Booking Amount
The Haryana Real Estate Regulatory Authority (RERA) has dismissed a complaint filed by two homebuyers against M3M India, holding that they had no right to seek an allotment letter or execution of the builder-buyer agreement (BBA) since the booking never matured into a confirmed allotment. A coram of Member Ashok Sangwan said the homebuyers had not complied with the required payment...
Uncrystallised Contractual Rights Not Part Of Corporate Debtor's Assets Protected By Moratorium: NCLT Mumbai
The National Company Law Tribunal (NCLT) at Mumbai has recently held that uncrystallised contractual rights do not form part of a corporate debtor's “assets” protected during moratorium. The tribunal made the ruling as it dismissed Fabtech Sugar Limited's plea seeking restoration of its cancelled grid connectivity, that that had never been operationalised. The tribunal found that...
NCLT Ahmedabad Permits Guarantor's US Travel Despite Creditor Protests, Notes Minor Children's Immigration Needs
The National Company Law Tribunal (NCLT) at Ahmedabad has allowed a bankruptcy bound personal guarantor to travel to the United States despite acknowledging serious concerns about his conduct, taking what it described as a lenient view only because his two minor children's immigration status depends on his US Green Card. A bench of Judicial Member Shammi Khan and Technical Member Sanjeev...
LiveLawBiz: Business Law Daily Round-Up: December 04, 2025
TAX Kerala Building Tax Act | Increased Plinth Area Due To Additional Construction Justifies Building Tax Reassessment: High Court Centre Clarifies EV Manufacturing Scheme; Says OEM Non-Participation Linked to India–EU FTA Uncertainty Delhi High Court Cautions GST Dept Against Errors In Mentioning Financial Years, Due Dates In SCNs & Orders GST Exemption For Residential Lease Applies...
Chandigarh State Consumer Commission Dismisses Sony's Appeal, Confirms Defect In Playstation-5
The Chandigarh State Consumer Disputes Redressal Commission, led by Justice Raj Shekhar Attri and Shri Preetinder Singh, has upheld the District Commission's finding of deficiency in service against Sony India (O.P No.1 ), Goel Bros. (O.P No.2 ),, and Technocare (Sony-authorized service centre) (O.P No.3 ) after a PlayStation-5 repeatedly malfunctioned during the warranty period....
NCLT New Delhi Restores Struck-Off Company Only To Recover ₹7.62 Crore In Tax Dues
The National Company Law Tribunal at New Delhi has recently restored the name of SL Contractors Private Limited in the Register of Companies only to allow the Income Tax Department to recover Rs 7.26 crores in outstanding dues, while rejecting the company's claim that it had been operational when it was struck off. A coram of Judicial Member Ashok Kumar Bhardwaj and Technical Member Reena...
MahaRERA Rejects Plea To Cancel Pratham Infra's 'Anantham' Project In Borivali Over Title Dispute
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has dismissed a complaint seeking cancellation of the registration of “Anantham,” a redevelopment project in Borivali, after finding that the objections raised by the complainant revolved around a long-running dispute over who owns the land. In an order dated December 2, 2025, Member Mahesh Pathak rejected complainant...