Supreme Court to review IT department’s appeal on Vodafone Idea tax dispute, ET LegalWorld
The Supreme Court has agreed to examine the income tax department’s appeal against a Bombay HC’s judgment that quashed the tax notices issued to Vodafone Idea for there being a huge difference in quantum of income which had escaped assessment for AY 2016-17. In the notices issued in March 2023 under Section 148A(b) of the […]
Bombay High Court stays REAT order on Rs. 38.18 cr deposit in real estate dispute, ET LegalWorld
In a significant development, the Bombay High Court has stayed an order passed by the Real Estate Appellate Tribunal (REAT) that directed an allottee, Sachin Bajla, to deposit Rs. 38.18 Crores as a precondition for obtaining interim relief in a dispute with the developer, Honest Shelters Private Limited (HSPL). The dispute stems from the termination […]
CCI dismisses Honda dealership dispute case, ET LegalWorld
The Competition Commission of India while dismissing a plaint against Honda Motorcycle & Scooter India Pvt. Ltd held that commercial disputes and transactional issues arising out of the agreement do not fall within the purview of the Competition Act. The matter was filed against Honda Motorcycle under Section 19(1)(a) of the Competition Act, 2002 alleging […]
Delhi HC appoints former SC judge A K Sikri as mediator in On4Off Trading vs NPCI patent dispute, ET LegalWorld
The Delhi High Court on Monday appointed former Supreme Court judge A K Sikri to act as a mediator to resolve a dispute between On4Off Trading and the National Payments Corporation of India (NPCI) and others over the latter using the former’s patented technology process for aggregating Unified Payments Interface payments using credit cards. On4Off […]
DOMS Industries wins GST dispute, ₹19.16 cr demand dropped, ET LegalWorld
DOMS Industries Limited has received an Order for dropping the proceedings under section 73/74 of CGST Act, 2017, wherein the demand as per the said notice has been dropped and concluded, According to DOMS Industries’s exchange filing. The Company’s subsidiary had earlier received the notice for mismatch of Ineligible ITC claimed in GSTR – 3B […]
NestAway dispute sparks debate on venture capitalist control in startups, ET LegalWorld
The recent dispute involving NestAway, a home rental platform, where co-founder Amarendra Sahu filed an FIR against alleged corporate malpractices, has once again highlighted the growing concerns about venture capitalist (VC) control in Indian startups and this type of stories are not isolated; they reveal a systemic issue plaguing India’s startup ecosystem. While Silicon Valley […]
Mumbai Judge issues summons to Planet Marathi founder Akshay Bardapurkar over alleged cheque dispute, ET LegalWorld
Highlights Judge A.S. Tekale of the Metropolitan Magistrate Court in Mumbai has issued summons to Akshay Bardapurkar, founder of Planet Marathi, in response to legal cases filed by actor Aayush Shah and his business partner Mausam Shah regarding dishonored cheques totaling ₹1,14,30,400. Advocate Krishnagopal S. Tripathi, representing Aayush Shah and Mausam Shah, emphasized the importance […]
SpiceJet settles ₹250 crore dispute with aircraft lessor Celestial Aviation, ET LegalWorld
Airline operator SpiceJet and Celestial Aviation, a subsidiary of AerCap, one of the largest aircraft lessor groups, have mutually settled their USD 29.9 million (Rs 250 crore) dispute through amicable negotiations, avoiding litigation. The representatives of both parties informed a bench of NCLT last week that settlement terms had been reached, and thus requested an […]
Will the proposed changes to the Commercial Courts Act speed up dispute resolution?, ET LegalWorld
The government has proposed amendments to the Commercial Courts Act, 2015, to provide further impetus to quicker and specialized commercial dispute adjudication and simplify the applicable procedure related to commercial dispute resolution in courts. The objective of the Commercial Courts Act, 2015, is to ensure the expeditious, efficacious, and reasonable resolution of commercial cases. Dedicated […]
SC imposes Rs 5 lakh costs on employer for taking wage and termination dispute to arbitration, ET LegalWorld
The Supreme Court has imposed Rs 5 lakh costs on an employer for dragging a wage dispute and legality of termination of an employee to arbitral proceedings. A bench of Justices B.R. Gavai and K.V. Viswanathan said the application filed under Section 11 of the Arbitration and Conciliation Act, 1961 was a clear abuse of […]