Embassy Developments Limited informed that the NCLAT has adjourned the hearing regarding its insolvency stay to April 24, 2026. The previous NCLT order admitting the company to the Corporate Insolvency Resolution Process remains stayed and inoperative. The company continues to remain fully operational and financially sound during the ongoing legal proceedings.
Piramal Finance Limited and its transferor companies filed a Company Application with the NCLT, Mumbai Bench on April 18, 2026. This relates to the proposed scheme of amalgamation involving Piramal Corporate Tower, Piramal Agastya Offices, and DHFL Investments. The filing marks a procedural milestone in the corporate restructuring process.
Bajaj Consumer Care Limited received an order from the District Consumer Disputes Redressal Commission, Odisha, directing a payment of ₹0.26 Crore related to a consumer complaint. The company stated there is no material impact on operations and intends to contest the order at a higher appellate level.
Bharti Airtel received a Rs. 1,07,000 penalty notice from the DoT, Uttar Pradesh (East) LSA, for alleged subscriber verification norm violations. The penalty follows a CAF Audit conducted in February 2026. The company has opted to pay the fine without contest, and the maximum financial impact is limited to the penalty amount.
Madhav Copper Limited has filed an appeal against a GST adjudication order (Form GST DRC-07) issued by CGST/SGST authorities. The company believes the order will not have a material impact on its financial or operational activities. This filing updates a previous disclosure from January 2026 regarding the receipt of the initial order.
Madhav Copper Limited (MCL) filed an appeal on March 10, 2026, against a GST assessment order issued under Section 74. The company stated that the order is not expected to have a material impact on its financial or operational activities. Investors should note this as a routine regulatory update regarding tax litigation.
Madhav Copper Limited provided an update regarding its appeal against a tax penalty order under Section 270A. The company received a hearing notice from the Joint Commissioner of Income Tax (Appeals) and filed its response on March 23, 2026. Management does not expect any material adverse impact from this sub judice matter.
Apollo Hospitals Enterprise Limited received an NCLT order regarding its composite scheme of arrangement. The tribunal directed convening meetings for secured/unsecured creditors and shareholders in May 2026, while dismissing a prayer to dispense with the secured creditors' meeting.
Axis Bank received orders from the EPFO levying damages of ₹0.92 Crore and interest of ₹0.47 Crore, totaling ₹1.39 Crore, for delayed provident fund remittances. The bank anticipates no significant impact on its financial or business operations due to these orders.
Uniparts India Ltd received a rectification order for AY 2024-25 from the Assistant Commissioner of Income Tax. The order fully deleted a prior tax demand of ₹25.80 Crore. This adjudication provides significant financial relief by removing a major contingent tax liability.
Vodafone Idea Ltd received an order from TRAI levying a financial disincentive of ₹0.21 Crore. The penalty pertains to non-compliance with unsolicited commercial communication regulations for the June 2024 quarter. The company is currently reviewing the order and evaluating next steps.
Bharat Heavy Electricals Ltd (BHEL) filed a recovery suit for ₹143.21 Crore against Raichur Power Corporation Ltd. The suit, filed in Bengaluru Commercial Court, relates to supply and service contracts for the Yeramaras Thermal Power Station.
Virat Leasing Limited submitted its Annual Secretarial Compliance Report for FY2026. The report notes a previous non-compliance regarding the Stakeholder Relationship Committee's constitution, resulting in a ₹0.01 Crore (Rs. 1,41,600) fine from BSE. The exchange subsequently waived the penalty following a company waiver application.
Thomas Cook (India) Ltd received an order rejecting its GST appeal, confirming a demand of ₹0.035 Crore (including interest and penalty). The demand relates to non-payment of GST on inward supplies under reverse charge. The company plans to appeal before the Appellate Tribunal and notes no material financial or operational impact.
Amber Enterprises India Limited provided an update regarding its merger with wholly owned subsidiary AmberPR Technoplast India Private Limited. The Hon'ble NCLT, Chandigarh Bench, has heard the first motion application and reserved its order. The company will provide further updates once the tribunal pronounces the final order.
Kirloskar Industries' material subsidiary, Kirloskar Ferrous Industries (KFIL), announced that the NCLT Mumbai Bench has passed an order regarding its merger scheme. The tribunal directed the issuance of statutory notices and admitted the Company Petition for a final hearing on May 15, 2026. This update follows the absorption of two wholly-owned subsidiaries into KFIL.
Jagran Prakashan Limited provided an update on company petitions pending before the NCLT, Allahabad Bench. The matters were listed on April 16, 2026, but were not taken up by the Bench. The proceedings have been re-notified for a further hearing on May 4, 2026.
Jamna Auto Industries Limited's subsidiary received a GST Show Cause Notice demanding ₹10.47 Crore due to ITC discrepancies between GSTR-9 and GSTR-3B for FY 2021-22 to 2023-24. The company plans to file a response based on tax consultant advice and states there is no material financial impact.
Winsome Yarns Limited announced that the Hon'ble NCLT, Chandigarh Bench, approved its Resolution Plan on April 16, 2026. The order was passed under the Insolvency and Bankruptcy Code, 2016. The company will submit specific features of the approved plan upon receipt of the written order.
Himatsingka Seide Limited announced that the Income Tax Appellate Tribunal dismissed an appeal filed by the Revenue for AY 2009-10. The ruling deleted tax additions worth ₹5.85 Crore related to transfer pricing adjustments. This favorable outcome concludes a long-standing dispute concerning corporate guarantees and subsidiary investments.
Shyam Metalics and Energy Limited's subsidiary, SSPL, received a provisional attachment order of ₹159.51 Crore from the Directorate of Enforcement. The attachment relates to an investigation into alleged illegal coal mining by third parties. The company clarifies that no linkage was found with its operations and is pursuing legal recourse.
Lypsa Gems & Jewellery Limited has received an Adjudication Order from SEBI. The order was passed under Section 15-I of the SEBI Act, 1992. The company is currently reviewing the order and will take appropriate legal steps as required.
Kirloskar Ferrous Industries Limited (KFIL) provided an update on its merger with subsidiaries OEPL and AESPL. The NCLT Mumbai Bench has admitted the company petition and fixed the final hearing for May 15, 2026. The tribunal directed the issuance of statutory notices and newspaper publications regarding the scheme.
Allied Blenders and Distillers' subsidiary, Madanlal Estates, received a favorable tax order reducing a Rs. 0.58 Crore liability (including interest) to zero. The order, received April 16, 2026, effectively resolves the litigation in the company's favor.
Bajaj Electricals Limited received an adverse Appeal Order upholding a GST demand of ₹1.16 Crore, including a ₹39.68 Lakh penalty. The demand relates to alleged transitional credit disallowance in Bihar. The company is evaluating legal options, including further appeals. Management states there is no material impact on operational or financial activities.
Mangal Electrical Industries Ltd received a GST demand order for ₹55.73 lakhs from the Rajasthan state tax authority. The demand relates to alleged irregular Input Tax Credit and GST on director corporate guarantees. The company intends to appeal the order before the Appellate Tribunal and maintains there is no immediate material financial impact.
Future Consumer Limited provided an update on its NCLT hearing against Resurgent India Special Situations Fund. The Tribunal directed parties to file written submissions within specific timelines. The matter is now adjourned to June 8, 2026, for further hearing. This constitutes a routine update on active litigation.
Kesoram Industries Ltd announced that its earlier Income Tax demand of ₹70.54 Crore for AY 2024-25 has been reduced to ₹6.03 Crore following representation. The Company is evaluating further legal remedies for the remaining amount. There is no material adverse operational impact.
Unifinz Capital India Limited received communication from BSE Limited regarding the full waiver of a ₹0.02 Crore fine. The penalty was originally imposed for non-compliance with board composition requirements, including the appointment of a woman director. The exchange has accepted the company's waiver application, advising future caution in regulatory filings.
The Supreme Court dismissed Aspinwall and Company Limited's appeal regarding tax set-offs for accumulated losses. The estimated financial implication is ₹0.58 Crore plus interest. The company has already made adequate provisions, and the cash outflow is expected to be adjusted against pending tax refunds, resulting in minimal net impact.