Finance minister Nirmala Sitharaman set to introduce bill for new direct tax law in the budget session, ET LegalWorld
Nirmala Sitharaman, Union Finance Minister Finance minister Nirmala Sitharaman is set to introduce a bill for a new direct tax law in the budget session, which will focus on simplification of the provisions, doing away with the ones that are redundant and attempt to make the language more layman friendly. The committee tasked with the […]
Sebi bars Pacheli Industrial Finance, 6 others for alleged financial misconduct, ET LegalWorld
Markets regulator Sebi has barred Pacheli Industrial Finance, a non-banking financial company, and six other entities from the securities market till further orders for alleged financial irregularities and stock manipulation. Apart from Pacheli Industrial Finance Ltd (PIFL), Abhijit Trading Company Ltd, Calyx Securities Pvt Ltd, Hibiscus Holdings, Avail Financial Services, Edoptica Retail India and Sulphur […]
M/S Kalsi Finance Pvt. Ltd. vs D.D.A. on 8 January, 2025
Delhi High Court M/S Kalsi Finance Pvt. Ltd. vs D.D.A. on 8 January, 2025 Author: Dharmesh Sharma Bench: Dharmesh Sharma * IN THE HIGH COURT OF DELHI AT NEW DELHI % Judgment reserved on : 22 October 20241 Judgment pronounced on:08 January 2025 + W.P. (C) 1444/2004 M/S KALSI FINANCE PVT. LTD. ….. Petitioner Through: […]
Finance Ministry files review petition in SC’s Safari Retreats case ruling, ET LegalWorld
The Finance Ministry has moved the Supreme Court seeking a review of its October judgment (Safari Retreats case) that allowed commercial real estate companies to claim input tax credits (ITC) on construction costs for commercial buildings meant for renting purposes. Seeking to reopen the issue, the government wants the apex court to align with its […]
RBI lifts restrictions on Asirvad Micro Finance, DMI Finance, Legal News, ET LegalWorld
The Reserve Bank of India (RBI) has decided to lift restrictions placed on Asirvad Micro Finance and DMI Finance, with immediate effect, which was initially imposed in October 2024. On October 21, 2024, RBI imposed restrictions on the sanction and disbursal of loans on these two entities. In the times that followed, the two companies […]
Reatox Resorts And Hotels Pvt. Ltd. & Ors vs Srei Equipment Finance Ltd. & Anr on 6 January, 2025
Calcutta High Court (Appellete Side) Reatox Resorts And Hotels Pvt. Ltd. & Ors vs Srei Equipment Finance Ltd. & Anr on 6 January, 2025 IN THE HIGH COURT AT CALCUTTA Criminal Revisional Jurisdiction APPELLATE SIDE Present: The Hon’ble Justice Shampa Dutt (Paul) CRR 1128 of 2022 REATOX RESORTS AND HOTELS PVT. LTD. & ORS. VS. […]
Microfinance company VFS Capital applies for small finance bank licence, ET LegalWorld
VFS Capital, one of the oldest microfinance companies that operate in the country, has filed an application for a small finance bank licence, the Reserve Bank of India (RBI) said. The lender with a Rs 942 crore portfolio outstanding is seeking the licence for the second time after being rejected earlier in 2015. “During the […]
Shriram Transport Finance Company … vs Virendra Singh on 18 December, 2024
Madhya Pradesh High Court Shriram Transport Finance Company … vs Virendra Singh on 18 December, 2024 Author: Vishal Mishra Bench: Vishal Mishra 1 AA-82-2024 IN THE HIGH COURT OF MADHYA PRADESH AT JABALPUR AA No. 82 of 2024 (SHRIRAM TRANSPORT FINANCE COMPANY LIMITED Vs VIRENDRA SINGH AND OTHERS ) Dated : 18-12-2024 Shri Satish Agrawal […]
Indiabulls Housing Finance Limited vs Surabhi Gehlot on 23 December, 2024
Delhi High Court Indiabulls Housing Finance Limited vs Surabhi Gehlot on 23 December, 2024 Author: C. Hari Shankar Bench: C. Hari Shankar $~ * IN THE HIGH COURT OF DELHI AT NEW DELHI Reserved on: 18 September 2024 Pronounced on: 23 December 2024 + O.M.P.(I) (COMM.) 401/2023, I.As. 4358/2024 & 34878/2024 INDIABULLS COMMERCIAL CREDIT LTD. […]
Indiabulls Housing Finance Limited vs Sara Estates Private Limited & Anr. on 23 December, 2024
Delhi High Court Indiabulls Housing Finance Limited vs Sara Estates Private Limited & Anr. on 23 December, 2024 Author: C. Hari Shankar Bench: C. Hari Shankar $~ * IN THE HIGH COURT OF DELHI AT NEW DELHI Reserved on: 18 September 2024 Pronounced on: 23 December 2024 + O.M.P.(I) (COMM.) 401/2023, I.As. 4358/2024 & 34878/2024 […]