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IBC: Mere Filing of Application u/s 7(1) Insufficient to Invoke Section 238 Bar…
This is an application under Section 11(6) of the Arbitration and Conciliation Act, 1996, seeking the appointment of an arbitrator based on an arbitration clause in an agreement between the parties. The applicant argues that the existence of the arb…
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Taxation on sale of shares held as stock in trade….
Do you have shares…? Are you planning to sell your shares…? Do you know how much tax you may have to pay…? If you are going to sell your shares, you should be careful on the tax provisions applicable to your sale.
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Section - 78, Application for registration of charge (CA, 2013)
Application for registration of charge
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Uttarakhand High Court Orders Authorities to Help Lender Take Possession of Mor…
This case involves M/S CSL Finance Limited, a financial company, seeking help from government authorities to take physical possession of a property mortgaged by a borrower who defaulted on a loan. Despite a previous order from the District Magistrat…
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Court Orders District Magistrate to Expedite Decision on Loan Recovery under SA…
This case involves Vastu Housing Finance Corporation Ltd. seeking a court order to compel the District Magistrate, Nainital, to quickly decide their pending application under Section 14 of the Securitisation and Reconstruction of Financial Assets an…
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Tripura High Court declines to interfere in recall of orders after defendant’s …
This case involves a dispute between M/s. Ratnagiri Impex Pvt. Ltd. (the defendant-petitioner) and Shri Joydeep Roy Barman (the plaintiff-respondent) over proceedings in a commercial suit. The main issue was whether the trial court was right to reca…
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Tripura High Court Modifies Injunction in Jewellery Franchise Dispute, Orders S…
This case is a commercial dispute between Aranyak Jewellers Pvt. Ltd. (and its directors) and Shyam Sundar Co. Jewellers Pvt. Ltd. The main issue was whether the appellants (Aranyak Jewellers and its directors) should continue to have their bank acc…
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Telangana High Court Orders Review of Electricity Disconnection Over Alleged Un…
This case involves a property owner and a property management company challenging the disconnection of electricity to several flats in Hyderabad. The electricity was cut off after authorities alleged unauthorized commercial use of residential connec…
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Court dismisses petition challenging land survey report, upholding procedural c…
In the case of Writ Petition No. 732 of 2025, petitioners, including Colonial Constructions and individuals Mohammed Akbar Pasha and Mrs. Iqbal Fatima, contested a survey report claiming it was illegal and unconstitutional. The High Court of Telanga…
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Court Denies Budgetary Support Claims by Zydus Wellness and Alkem Laboratories …
In the case of Zydus Wellness Products Ltd. vs. Union of India & Ors. and Alkem Laboratories Ltd. vs. Union of India & Ors., the High Court of Sikkim ruled against both companies seeking budgetary support under a government scheme. The court found t…
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High Court of Sikkim Dismisses Defamation Quashing Petition by Mathrubhumi Prin…
In the case of Crl.M.C. No.06 of 2021, the High Court of Sikkim addressed a defamation complaint against the Mathrubhumi Printing and Publishing Company Limited and others, filed by Santiago Martin. The court dismissed the petition seeking to quash …
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Court Allows Temporary Injunction to Proceed Without Foreign Respondents
This case involves M/s Unire Business Solutions Pvt. Ltd. (the petitioner) challenging a lower court order that required them to serve notice to two foreign respondents (from Canada) through the Embassy before proceeding with a temporary injunction.…
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GST Tribunal Not Functional: Rajasthan High Court Grants Relief to Taxpayer Pen…
Co. Law, Sebi, Audit & A/c,Jun. 05, 2025This case involves M/s World Trade Park Ltd. challenging a GST-related order, but the main issue is that the GST Appellate Tribunal—where such appeals should go—is not yet functional. The High Court, following its own earlier decisions, has allowed the petitioner to delay filing an appeal until the Tribunal is set up, provided certain payments are made. The court also protected the petitioner from recovery proceedings in the meantime.
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Anticipatory Bail Granted to Café Manager Accused of Misappropriating ₹44 Lakhs
Co. Law, Sebi, Audit & A/c,Jun. 05, 2025This case involves Sandeep Kumar, a café manager accused of stealing and misappropriating around ₹44 lakhs from his employer, Muhavra Enterprises Private Limited (Blue Tokai Coffee Roasters). The company alleged that Sandeep manipulated cash deposits over several months. Sandeep sought anticipatory bail under Section 482 of the Bharatiya Nagarik Suraksha Sanhita (BNSS), 2023, fearing arrest. The High Court of Punjab and Haryana granted him anticipa…
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Court clarifies transfer vs. return of cases under ESI Rules; orders trial to r…
Co. Law, Sebi, Audit & A/c,Jun. 05, 2025This case involves M/s Nahar Industrial Enterprises Ltd. and the Employees State Insurance Corporation. The main dispute was about whether a case, after significant progress in one court, should be “returned” or “transferred” to another court under Rule 18 of the Punjab Employees Insurance Court Rules, 1951. The High Court held that once a case has advanced beyond the initial stage, it must be transferred (not returned), and the new court can conti…
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Patna High Court: ITC Blocked Over Suspicious Supplier, Petitioner Told to Seek…
Co. Law, Sebi, Audit & A/c,Jun. 05, 2025This case involves M/s Graphic Trades Private Limited, which challenged the blocking of its Input Tax Credit (ITC) worth over ₹1.18 crore by Bihar tax authorities. The ITC was blocked after it was found that one of its suppliers, M/s TDML Services Private Limited, was non-existent at its registered address. The court did not quash the blocking order but told the petitioner to use the remedy available under tax guidelines to seek unblocking, leaving…
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Patna High Court Orders Refund of Bank Guarantee Without Interest in Imaging Ce…
Co. Law, Sebi, Audit & A/c,Jun. 05, 2025This case involves a dispute between the State Health Society, Bihar, and M/s Suraksha Diagnostics Pvt. Ltd. over the encashment of a bank guarantee submitted as earnest money for a government tender. The main issue was whether the State Health Society was justified in encashing the bank guarantee before the expiry of its term, and whether the amount should be refunded with interest. The court ultimately ordered the refund of the encashed amount to…
Accused Can Present Handwriting Expert Evidence, But No Delay Allowed in Cheque…
This case involves a dispute over a bounced cheque between M/s Shiv Pharmaceuticals (the accused/petitioner) and M/s Raptakos Brett & Company Ltd. (the complainant/opposite party). The accused wanted the cheque and related documents to be examined by a handwriting expert to challenge the complainant’s case, but the trial court refused. The Orissa High Court upheld the trial court’s decision, but clarified that the accused can still present expert e…
Co. Law, Sebi, Audit & A/c,Jun. 05, 2025-
Hospital Allowed to Continue BSKY Scheme Pending Fire Safety Certificate
Co. Law, Sebi, Audit & A/c,Jun. 05, 2025Moon Hospitals Pvt. Ltd. approached the Orissa High Court because it was at risk of losing its empanelment under the BSKY health scheme due to delays in getting a regularized building plan and a renewed Fire Safety Certificate. The court ordered that the hospital should be allowed to continue under the BSKY scheme until the Fire Safety Certificate is issued, provided all fire safety defects are addressed.
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Court Quashes Recovery Order for Lack of Hearing in Industrial Aid Dispute
Co. Law, Sebi, Audit & A/c,Jun. 05, 2025This case involves Gwalior Carten Works Pvt. Ltd. challenging a government order demanding repayment of financial aid, claiming they were denied a fair hearing. The Madhya Pradesh High Court set aside the recovery order, instructing authorities to reconsider the matter after giving the company a proper chance to present its case.
Meghalaya High Court: No Regularisation for Part-Time Sweepers, But Overtime In…
Co. Law, Sebi, Audit & A/c,Jun. 05, 2025This case involves 14 (now 12) part-time cleaners and sweepers who worked for the North Eastern Electric Power Corporation Ltd. (NEEPCO) on a contractual, ad hoc basis since as early as 1985. They sought regularisation of their jobs. The High Court dismissed their request for regularisation but ordered an inquiry into whether they worked more than their contracted hours, potentially entitling them to overtime pay.
Court Partly Sets Aside Arbitral Award, Orders Re-adjudication of Disputed Sums
This case is an appeal involving Power Grid Corporation of India Ltd. and T&T Projects Limited over an arbitral award related to contract payments and a bank guarantee. The High Court found a clear error in the arbitrator’s decision regarding the bank guarantee and ordered that part of the award to be set aside. For other disputed amounts, the court directed payment of admitted sums and sent the remaining disputes back to the arbitrator for fresh c…
Co. Law, Sebi, Audit & A/c,Jun. 05, 2025-
Co. Law, Sebi, Audit & A/c , Jun. 03. 2025Kerala High Court Orders IEPF to Decide Shareholder Claims Within 90 Days
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Co. Law, Sebi, Audit & A/c , Jun. 03. 2025
High Court Quashes Tribunal’s Order Seeking Ministry’s Opinion, Directs Fresh M…
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Co. Law, Sebi, Audit & A/c , Jun. 03. 2025Court rules on GST applicability for Indian Medical Association’s services to m…
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Co. Law, Sebi, Audit & A/c , Jun. 03. 2025Lessee’s Claim for Compensation in Land Acquisition Dismissed by Karnataka High…
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Co. Law, Sebi, Audit & A/c , Jun. 03. 2025Appeal by 7Edge Pvt. Ltd. against Provident Fund order withdrawn in Karnataka H…
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