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The National Company Law Appellate Tribunal (“NCLAT”), in Arvind Kumar vs. Beacon Trusteeship Limited and Anr., dismissed an appeal challenging the admission of a petition under Section 72 of the Insolvency and Bankruptcy Code, 2016 (“IBC”) by the National Company Law Tribunal, New Delhi (“NCLT”).

When the Corporate-Insolvency-Resolution-Process (CIRP) of Reliance Communications Infrastructure Limited began in September 2019, few would have guessed that a quiet ₹27.60 crore fixed...

On March 6, 2024, the Hon'ble High Court of Karnataka ("Karnataka HC"), in the case of M/S Manyata Realty vs. The Registrar and Ors, held that the National Company Law Tribunal ("NCLT")...

In exercise of the powers conferred by Clause (t) of Sub-Section (1) of Section 196 read with Section 240 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016) (IBC), ...

The Reserve Bank of India ("RBI") has, in its capacity as the regulator of non-banking financial companies and under the powers conferred to it pursuant to Section 45-IE (1) of the Reserve Bank of India Act, 1934 ("RBI Act"), superseded the Board of Directors of SIFL and SEFL.

IGNOU, a statutory university, develops educational programs for distant learning that are offered globally. Universal Empire Institute of Technology is a Dubai based company.

In M/S Jai Balaji Industries Vs. D. K. Mohanty & Anr., 2021, the Operational Creditor filed an appeal before the Supreme Court under Section 62 of Insolvency and Bankruptcy Code, 2016, against the order passed by NCLAT.

This case concerns a recent decision dated 14 October 2025 by the Bombay High Court in the case of NESCO Ltd. v. State of Maharashtra & Ors., wherein Justices G.S.

Argus Partners maintains offices in Mumbai, New Delhi, and Bengaluru, providing legal services across India's major business centers. The firm operates under strict Bar Council of India regulations that prohibit solicitation and advertising, with this website serving purely informational purposes. Users must acknowledge that no attorney-client relationship is created through website access and should seek independent legal advice for specific matters.

On October 1, 2025, National Commodity Clearing Limited (NCCL) issued Circular No. NCCL/COMPLIANCE-004/2025, directing its members to ensure full compliance with...

On 23 January 2025, the National Company Law Appellate Tribunal (NCLAT) stayed the Competition Commission of India's (CCI) decision restricting WhatsApp from sharing user data with Meta companies for advertising purposes over the next five years.

The global economy has succumbed to the uninvited guest, COVID-19, which arrived at the beginning of the year and brought an onslaught of huge ramifications on the economy and businesses as a whole.

Section 56(2)(x) of the Income Tax Act provides that where any person receives any property (including shares of a company) for a consideration less than its fair market value (computed as per the prescribed method), ...

The Assessee filed appeal before CIT(A) and during the pendency of appeal, filed application before AO seeking stay of demand under Section 220(6) of the Act,

Section 79 of the Income Tax Act, 1961 (Act) allows set-off and carry forward of losses only if 51% of the company's voting power is beneficially held by the same person who on the last day of the financial year in which the loss was incurred.

This suggests that appropriate changes will be made in the upcoming budget to be presented on 1 February.

The Union Budget 2023 – 24 was expected to provide the guard rails for the Indian Economy amidst a global slowdown, and to avoid recessionary effects on the country.

Our firm advised Moving Tech Innovations Private Limited ("Namma Yatri"), in relation to its funding by Google, Blume Ventures, Antler, others Namma Yatri is India's first ride hailing app built on a truly open...