ICICI Lombard wins tax appeals, Secures ₹174 cr relief, Legal News, ET LegalWorld
Highlights ICICI Lombard General Insurance Company Limited has received a favorable order from the Commissioner of Income Tax (Appeals) – 54, Mumbai, providing relief on several appeals for Assessment Years 2012-13, 2015-16, 2016-17, and 2017-18. The total tax in dispute on which relief is granted in the combined order amounts to ₹ 174,61,51,061. ICICI Lombard […]
ICICI Securities pays Rs 40.2 lakh to settle case with Sebi, Legal News, ET LegalWorld
Brokerage firm ICICI Securities on Monday settled a case pertaining to the alleged violation of stock brokers rules with capital markets regulator Sebi, after paying Rs 40.2 lakh towards settlement charges. The order came after ICICI Securities proposed to settle the matter without “admitting or denying the facts and conclusions of law”, through a settlement […]
Icici Lombard General Insurance Co. Ltd vs Rajani Sahoo on 2 January, 2025
Supreme Court of India Icici Lombard General Insurance Co. Ltd vs Rajani Sahoo on 2 January, 2025 Author: C.T. Ravikumar Bench: C.T. Ravikumar 2025 INSC 6 Non-Reportable IN THE SUPREME COURT OF INDIA CIVIL APPELLATE JURISDICTION Civil Appeal No. of 2025 (@ SLP (C) No. 29302 of 2019) ICICI Lombard General Insurance Co. Ltd. …Appellant(s) […]
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 […]
Delhi High Court quashes GST demand against ICICI Lombard General Insurance, ET LegalWorld
The Delhi High Court has quashed the Order-in-Original passed by the GST Officer, Department of Trade & Taxes, Government of N.C.T. of Delhi, and allowed the Writ Petition filed by the ICICI Lombard General Insurance Company Limited. The Court in the order has directed the adjudicating authority to proceed afresh in light of the Show […]
No criminal conspiracy by ICICI Bank officials in NDTV loan repayment at reduced rates: CBI, ET LegalWorld
There was no collusion, criminal conspiracy or abuse of position by officials of ICICI Bank in accepting repayment of a loan at a reduced rate of interest from promoters of NDTV Prannoy Roy and Radhika Roy, the CBI has concluded in its closure report in the 2017 case. The CBI FIR registered on the basis […]
NCLT approves ICICI Bank’s scheme of delisting its affiliate ICICI Securities from the bourses, ET LegalWorld
The Ahmedabad bench of the National Company Law Tribunal approved the ICICI Bank’s application for the scheme of arrangement for delisting of broking firm ICICI Securities Ltd from the bourses. On Wednesday the bench presided by a judicial member Shammi Khan while approving the scheme in an oral order, also dismissed two applications that objected […]
ICICI Securities shareholder moves NCLAT against order on delisting, ET LegalWorld
A shareholder of ICICI Securities has approached the National Company Law Appellate Tribunal (NCLAT) challenging the National Company Law Tribunal’s order approving the company’s delisting application from the stock exchanges. On August 21, the NCLT’s Mumbai bench dismissed two objections to the delisting scheme and allowed delisting. On Friday, Bengaluru-based investment manager Manu Rishi Guptha […]