In a setback to the Centre and YES Bank, the Supreme Court on Thursday upheld the Bombay High Court‘s 2023 ruling quashing the write-off of the lender’s Additional Tier-1 (AT1) bonds worth Rs 8,415 crore. YES Bank had written off the bonds in March 2020 as part of a reconstruction scheme following its financial collapse….
FSSAI plans regulations for e-commerce and quick commerce food safety The Food Safety and Standards Authority of India (FSSAI) is considering formulating regulations specific to the ecommerce ecosystem, including quick commerce platforms and cloud kitchens, after cracking down on packaged foods and beverages, alcoholic beverages and retail stores, its chief executive Rajit Punhani said. “We’ve…
The 57th GST Council meeting has shifted focus from rate rationalisation to easing compliance, accelerating refunds, and reducing litigation, tax experts said, while flagging potential legal challenges to a proposed provision that would validate multi-year notices. The recommendations include scrapping GST officers’ arrest powers under Section 69, raising the prosecution threshold from Rs 1 crore…
New Delhi, Insolvency appellate tribunal NCLAT has sought separate timeline commitments for the completion of each of the 16 delayed Supertech projects that have been taken up by state-owned NBCC. A Supreme Court panel, which has been tasked to oversee the progress of these housing projects, has filed an affidavit in the NCLAT, proposing fresh…
Zee Entertainment Enterprises has said it has already provided the information sought by the Ministry of Corporate Affairs (MCA) and will furnish further information and explanations as requested by the ministry in connection with its ongoing inspection. “The Company has received a notice from the Ministry of Corporate Affairs (MCA) on October 5, 2026 under…
SEBI Chairman Tuhin Kanta Pandey firmly drew the line between market movement and regulatory mandate on Wednesday, declaring that while SEBI cannot force foreign capital into India, it is radically overhauling digital rails to make investor entry friction-free. Speaking on the sidelines of the APMI 3rd Annual Conference 2026 in Mumbai, the top regulator tackled…
New Delhi, Insolvency appellate tribunal NCLAT has dismissed an appeal by Anil Dhirubhai Ambani Ventures Pvt Ltd (ADAVL) against the use of the “Reliance” brand name for Reliance Capital, after the Hinduja group firm IndusInd International Holdings Ltd (IIHL). Counsel appearing for IIHL informed the appellate insolvency tribunal NCLAT that the grievance of ADAVL has…
Shalinee Kulshreshtha Shalinee Kulshreshtha has joined IndiGo as associate general counsel, moving from dentsu international India, where she was general counsel, South Asia. Kulshreshtha had joined dentsu in 2021 as General Counsel, South Asia, as part of the South Asia leadership team. In the role, she was responsible for the South Asia legal and compliance…
Mumbai, India’s insolvency regime has helped more than 1.4 lakh homebuyers move closer to or receive possession of homes stuck in stalled real estate projects, with financially stronger developers stepping in to revive distressed developments through the Insolvency and Bankruptcy Code (IBC), analysts and industry officials said. Large developers including Adani Realty, Lodha and others…
New Delhi, Subhash Chandra has moved the appellate tribunal, NCLAT, against the order of a five-member bench of the National Company Law Tribunal (NCLT), which restrained him from alienating his assets during the pendency of the matter. Chandra has challenged an order passed by a five-member NCLT bench, formed to decide his personal insolvency, on…
