SC stays GST notices worth over Rs 1 lakh crore against online gaming firms for tax fraud, ET LegalWorld
The Supreme Court on Friday stayed showcause notices issued by GST authorities worth over Rs 1 lakh crore to online gaming companies and casinos over alleged tax evasion. A bench of Justices J B Pardiwala and R Mahadevan said the matters required hearing and all proceedings against the gaming companies should remain stayed in the […]
SC rejects Kapil Wadhawan’s interim bail on medical grounds in bank loan fraud case, ET LegalWorld
The Supreme Court on Thursday rejected former chairman of erstwhile Dewan Housing Finance Corp Kapil Wadhawan’s appeal seeking interim bail on medical grounds in a bank loan fraud case. Kapil Wadhawan had earlier this month approached the Delhi High Court for interim bail on medical grounds. The CBI, however, opposed the interim bail, saying it […]
ICICI Lombard petition exposes “core fraud of vehicle implant” in road accident claim, ET LegalWorld
A thorough investigation by the Special Investigation Team (SIT), constituted by the Allahabad High Court, Lucknow Bench, on a petition filed by ICICI Lombard, has unveiled staggering fraudulent practices in road accident claims. In one particular case, which involves a claim filed in the aftermath of the tragic death of Chandrawati, alias Indrawati, who died […]
Sushant Muttreja vs Serious Fraud Investigation Office on 23 December, 2024
Delhi High Court Sushant Muttreja vs Serious Fraud Investigation Office on 23 December, 2024 Author: Chandra Dhari Singh Bench: Chandra Dhari Singh * IN THE HIGH COURT OF DELHI AT NEW DELHI % Date of order: 23rd December, 2024 + BAIL APPLN. 1287/2023, CRL.M.A. 16403/2024, CRL.M.A. 20964/2024, CRL.M.(BAIL) 1850/2024 SUSHANT MUTTREJA …..Petitioner Through: Mr. Trideep […]
Nishant Muttreja vs Serious Fraud Investigation Office on 23 December, 2024
Delhi High Court Nishant Muttreja vs Serious Fraud Investigation Office on 23 December, 2024 Author: Chandra Dhari Singh Bench: Chandra Dhari Singh * IN THE HIGH COURT OF DELHI AT NEW DELHI % Date of order: 23rd December, 2024 + BAIL APPLN. 1287/2023, CRL.M.A. 16403/2024, CRL.M.A. 20964/2024, CRL.M.(BAIL) 1850/2024 SUSHANT MUTTREJA …..Petitioner Through: Mr. Trideep […]
Section 10 IBC filings need proof of fraud for malicious intent claims, ET LegalWorld
The National Company Law Appellate Tribunal has held that the mere fact that the application is filed, consequent of which the recovery proceedings may be halted, cannot lead to the conclusion that the intent and purpose of the application are malicious and fraudulent. The appellate tribunal had to consider whether the rejection of Section 10 […]
Akshay Bardapurkar responds to allegations of fraud with legal action, ET LegalWorld
Akshay Bardapurkar has refuted the allegation made by Aayush Shah, terming the claim to be, “entirely baseless, vague, and devoid of merit.” He added, “It’s clear that this claim has been fabricated with the intention of misleading and tarnishing my reputation I have ample evidence to prove that the funds Ayush refers to have already […]
Bail Granted to Yes Bank-DHFL Fraud Developer Sanjay Chhabria Amid Concerns Over Trial Delays, ET LegalWorld
Observing that there are no chances of the immediate commencement of the trial and no time frame can be decided for its conclusion, considering the voluminous records and witnesses to be examined, a special court on Tuesday granted bail to developer Sanjay Chhabria of the Radius Group. He was arrested over two years ago in […]
Delhi High Court quashes ‘Fraud’ classification of borrower, citing lack of due process, ET LegalWorld
The Delhi High Court has held that the classification of a borrower’s account as “fraud” has serious consequences since such classification would prevent the borrower from accessing institutional finance for running their business. The court observed that there is no gainsaying that the civil consequences jeopardize the future of the business of the borrower, and […]
SC rejects CBI plea challenging discharge of Central Bank of India’s ex-CMD in loan fraud case, ET LegalWorld
The Supreme Court on Wednesday dismissed the CBI’s plea challenging an order of the Gujarat High Court which discharged former chairman and managing director of the Central Bank of India in a case relating to Rs 436.76 crore loan scam. A bench of Justices Abhay S Oka and Ujjal Bhuyan said there is no material […]