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Jindal Poly Films row reaches SC again as minority investors seek revival of class action suitMinority shareholders of Jindal Poly Films have approached the Supreme Court, seeking to revive India's first corporate class action suit. ...- Denied gravy with parotta at Kerala restaurant, man takes it to court & seeks Rs 1 lakh compensation for consumer rights violationA Kochi lawyer's quest for gravy with his porotta and beef fry has escalated into a legal battle, questioning whether a common culinary exp...
- PMK opposes new tribunal on Mekedatu dam issue, urges TN Government to withdraw proposalPMK leader Anbumani Ramadoss has strongly opposed the Tamil Nadu Assembly's resolution seeking a tribunal for the Mekedatu dam issue. He wa...
- Karnataka keen to move ahead with Makedattu project, seeks dialogue with Tamil Nadu: Karnataka Minister Ramalinga ReddyKarnataka Minister Ramalinga Reddy has reiterated the state's commitment to the Mekedattu project, asserting it will benefit both Karnataka...
- Delhi HC rules EY US secondment fees taxable in India, MNCs face higher costs for foreign talentMultinational corporations in India face a new tax challenge following a High Court ruling against EY US. The court determined that payment...
- Income Tax department labels her stock market trader, denies investor status; she fights and wins Rs 54 crore capital loss claim at ITATDolly Khanna successfully challenged the tax department's classification of her Rs 54 crore short-term capital loss as a business loss. The...
- Five reforms India needs before the next shockIndia faces economic vulnerabilities from external crises. Five reforms are proposed to build resilience. These include reducing gold and c...
- Govt said to accept tweaks to Securities Markets Code draftThe government has accepted significant changes to the proposed Securities Markets Code. Investigation timelines will be extended to one ye...
- 'Tatkal' cut could spoil the show for the film industryFilm producers and distributors in Mumbai are concerned about tighter release schedules and increased uncertainty following the discontinua...
- The accounting trick used by companies to make a weak balance sheet look strongIn one recent case, a large investment sat comfortably under equity until the auditor read the shareholders' agreement, found a buyback cla...
- Jindal Poly Films dispute, India's first class action suit, sent by Supreme Court to arbitrationThe Supreme Court has sent a minority shareholder dispute involving Jindal Poly Films to arbitration. This decision overturns earlier order...
- Bank auctioned pledged land after borrower defaulted but buyer took 2 years to pay 75% money; borrower cleared the dues, fought and won the case in SC to get his land backThe Supreme Court agreed with the Madras High Court's call to cancel the auction of Mr. Rama's family property. The bank was trying to sell...
- Paying tax won't legitimise cash stashesThe taxman is tightening its grip on undeclared cash, with a recent tribunal ruling allowing the benami wing of the Income Tax department t...
- LDF accuses Congress-led UDF of politically motivated staff transfers; government rejects itThe Kerala government has dismissed Left Democratic Front (opposition) accusations of politically motivated employee transfers. Minister Su...
- NCLAT offers Supreme Housing & Hospitality final chance to settle Canara duesSupreme Housing promoters have a final opportunity to settle their debt with Canara Bank. The National Company Law Appellate Tribunal has o...
- 3 steps private sector employees and managers can take if they disagree with disciplinary committee actionPrivate sector employees and managers facing disciplinary action can protect themselves. Understanding labour laws and principles of natura...
- Mumbai man received tax notice over unreported income, not filing ITR; ITAT rules in his favour on TDS benefit, tax demand reducedManoj Soman had not filed an ITR for the relevant assessment year, which is FY 10-11 in this case. Based on information available through t...
- IBC 10-year anniversary scorecard: Over Rs 4 lakh crore realised, big implications for credit markets, economic efficiencyThe Insolvency and Bankruptcy Code has helped creditors recover over Rs 4 lakh crore rupees. The Code has revived many distressed companies...
- Tamil Nadu CM Vijay opposes Mekedatu project, writes to PM Modi after SC nod to KarnatakaTamil Nadu Chief Minister C. Joseph Vijay has appealed to Prime Minister Narendra Modi to halt Karnataka's Mekedatu Reservoir Project. Vija...
- NCLAT rejects pleas against Kerala's liquor procurement agency; upholds CCI orderThe Appellate Tribunal NCLAT has upheld a decision by the fair trade regulator CCI. The CCI had closed a complaint alleging abuse of domina...
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