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Jagran Prakashan provided an update on NCLT proceedings in Allahabad. The tribunal heard counsel arguments and adjourned the matters to July 8, 2026, for further hearing.
Commercial Court Dwarka vacated status quo orders and returned a plaint against Delphi for lack of jurisdiction. The ruling vindicates the company's long-standing legal position.
U. P. Hotels received an Administrative Warning from SEBI regarding Minimum Public Shareholding non-compliance. The company is seeking extensions to complete a voluntary delisting process.
Eraaya Lifespaces reported that Dwarka Commercial Court returned a plaint and vacated a status quo order. This development vindicates the company's jurisdictional position in ongoing litigation.
Commercial Court at Dwarka vacated status quo orders and returned the plaint against Eraaya Lifespaces. The court cited the plaintiff's failure to produce essential FCCB title documents.
Inspirisys Solutions settled its long-standing litigation with KMSCL through mediation. A Rs. 0.76 Crore demand was resolved, following a High Court order disposing of the case.
Schneider Electric received a GST rectification order totaling ₹1.02 Crore. The order significantly reduced the previous penalty amount for alleged ineligible Input Tax Credit.
Refex Industries announced that the GST Appellate Authority quashed a ₹0.35 Crore tax demand for FY 2021-22. This nullification removes a prior contingent financial liability.
Reliable Data Services received a ₹47,200 fine from exchanges for delayed Board composition compliance. The company paid the fine and filed a waiver request.
SEBI issued an administrative warning to ICICI Prudential AMC regarding procedural delays in investor eligibility verification for an AIF scheme. The company confirmed no material financial impact.
Fusion Finance received favorable ITAT orders dismissing tax department appeals. This effectively cancels ₹27.80 Crore in aggregate tax demands, providing significant regulatory relief.
Shipping Corporation of India received a ₹0.11 Crore fine from exchanges for non-compliance with board composition norms. The company has requested a waiver of these penalties.
The Supreme Court set aside historical SEBI fraud findings against Reliance Industries. While fraud charges were dismissed, the Court upheld penalties related to disclosure violations.
Awfis Space Solutions received a ₹7.10 Crore GST show cause notice from Chennai tax authorities. The company is seeking clarifications regarding apparent calculation errors in the demand.
ICICI Prudential Life received a ₹5.12 Crore GST demand order from Chhattisgarh tax authorities for FY2023. The company intends to appeal against the order.
Patanjali Foods received Show Cause Notices demanding ₹76.63 Crore in taxes and penalties for alleged ineligible ITC. The company is currently consulting advisors to file responses.
Suzlon Energy Limited received a SEBI order imposing a ₹15.95 Crore penalty for financial statement misstatements. The company plans to appeal before the Securities Appellate Tribunal.
SEBI disposed of adjudication proceedings against NDTV regarding 2009 disclosure arrangements. The regulator confirmed no violations occurred and imposed no monetary penalties on the company.
Lakshmi Electrical Control Systems received GST demand notices totaling ₹5.50 Crore for FY 2022-24. The company is currently filing replies to substantiate its case.
NSE levied a Rs. 10,000 penalty on Steel City Securities Limited following a market segment inspection. The company confirmed no material impact on its financial position.
Kirloskar Oil Engines received a ₹5.82 Crore GST demand, interest, and penalty order for FY 2022-23. The company is currently preparing a necessary response.
Balmer Lawrie faced a ₹0.08 Crore fine from NSE for non-compliance with board composition norms. The company is seeking a waiver citing its PSU status.
JK Agri Genetics Ltd received a final income tax assessment order involving a ₹0.78 Crore liability. The demand will be adjusted against available MAT credits with no cash outflow.
VIP Industries discontinued 'CARLTON' branded product sales from June 1, 2026, following Supreme Court directions. The company confirms no material financial impact from this litigation outcome.
IVP Limited reported a ₹6.13 Crore employee fraud involving a sales staff member now in police custody. The company implemented robust customer onboarding as a corrective measure.
Harish Textile Engineers received a notice for mediation proceedings with M/s. Steel-O-Fab Engineers scheduled for June 19, 2026. No material financial impact is currently expected.
TTK Healthcare paid a ₹0.10 Crore customs penalty following product reclassification. The company settled the matter suo motto to ensure regulatory compliance and operational continuity.
Vidya Wires Limited received a ₹24.73 Crore income tax demand order for the 2018-2025 block period. The company plans to contest the demand through a formal appeal.
Royal Orchid Hotels received a High Court order appointing a Sole Arbitrator for disputes involving Ksheer Sagar Developers. The proceedings are procedural with no immediate financial impact.
United Foodbrands Limited received an ₹8.63 Crore income tax demand for Assessment Year 2023-24. The company intends to appeal, citing uncredited carry-forward losses.