Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
Several state governments plan to raise a total of ₹21,700 Crore through auctions of state government securities. This includes varied maturities and yields, reflecting state financial strategies.
The Directorate General of Health Services has opened a discussion on the use of brand name extensions by pharmaceutical companies, aiming to address a long-standing concern regarding product differentiation and consumer awareness.
The Himachal Pradesh High Court has set aside a retrospective cancellation of GST registration under 'Project Anveshan'. The court allowed the petitioner to file a detailed reply before the Proper Officer challenge the retrospective nature of the cancellation.
The NCLT Mumbai has rejected claims from Jet Lite employees seeking treatment as Jet Airways workmen during liquidation. The Tribunal held that no employer-employee relationship was established.
The NCLT Kochi has ruled that proposed amendments to a company petition introduce new causes of action, which are impermissible under Rule 155 of the NCLT Rules. This decision underscores the importance of adhering to procedural rules in NCLT proceedings.
Sunsure Energy has obtained ₹262 crore project financing from FMO and Axis Bank, advised by DSK Legal. Legal support included negotiating transaction documents and compliance matters.
SEBI has issued a warning to regulated entities and listed companies regarding impersonation scams involving CEOs and MDs, advising them on verification practices and cyber security measures.
The Calcutta High Court has directed the transfer of ₹1.38 crore, along with accrued interest, to the One Man Committee, dismissing a related writ petition as withdrawn.
The ROC Cuttack has imposed penalties due to a four-year delay in filing Form CSR-2 for FY 2020-21, totaling ₹2 lakh on the company and ₹50,000 each on two officers.
The Registrar of Companies (ROC) Kolkata has imposed penalties for incorrect MGT-7 filings on a company and its certifying director, totaling ₹10,000.
The NCLT ruled that employees of Jet Lite cannot be recognized as workmen of Jet Airways during liquidation due to their payroll status.
The ROC Kolkata has issued penalties against a company and its director for incorrect filing of AOC-4, reflecting stricter regulatory oversight in corporate disclosures.