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Ola Electric Mobility Limited announced that the High Court of Bombay at Goa has quashed orders and a bailable warrant previously issued against its CEO by the South Goa District Consumer Commission. The Court ruled that the Commission exceeded its jurisdiction. This legal update resolves a prior intimation dated February 17, 2026.
Exicom Tele-Systems Ltd received a favourable order from the Court of the Joint Commissioner (Appeal), Uttarakhand, setting aside a prior ₹0.90 Crore GST penalty. The matter stands resolved in favour of the company with no financial impact. This concludes a dispute originally disclosed in October 2025.
The PMLA Adjudicating Authority has confirmed the provisional attachment of assets worth approximately ₹8,078 Crore belonging to Reliance Communications and its subsidiaries. This confirms orders issued in late 2025 relating to investigations by the Directorate of Enforcement. The company is currently seeking legal advice to contest these developments during its ongoing insolvency process.
Reliance Communications Limited (RCOM) informed that the Adjudicating Authority (PMLA) confirmed the attachment of properties belonging to RCOM and its subsidiaries, CPL and RRL. The orders relate to PAOs issued in late 2025 regarding various land parcels and buildings. The company, currently under CIRP, is seeking legal advice on these adverse developments.
Shalby Limited received an order from the ITAT, Ahmedabad, demanding ₹4.14 Crore. The demand relates to a pre-demerger tax dispute involving share premiums disallowed under Section 68. The company intends to contest the order at appropriate forums and reasonably expects a favorable outcome.
Somany Ceramics Limited received the First Motion Order from NCLT, Kolkata Bench, regarding the merger of three subsidiaries into itself. The tribunal directed convening meetings for the transferee company's equity shareholders and unsecured creditors on June 13, 2026. Meetings for transferor companies have been dispensed with, progressing the internal restructuring process.
The National Company Law Tribunal (NCLT), Chennai Bench, dismissed an application filed by DBS Bank against Orchid Pharma Limited. The claim involved lease rent dues during the Corporate Insolvency Resolution Process (CIRP) period. The tribunal's order, dated April 02, 2026, has no quantifiable financial impact on the company.
Elitecon International Limited received a Show Cause Notice from DGGI proposing demands totaling ₹442.29 Crore. This includes ₹221.89 Crore in taxes, ₹129.18 Crore in interest/penalties, and ₹91.22 Crore in refund recoveries. The company is currently reviewing the notice and intends to defend its position legally.
Tata Teleservices (Maharashtra) Limited received an order from TRAI imposing a Rs. 0.01 Crore penalty. The fine relates to failure in curbing Unsolicited Commercial Communications (UCC) for the quarter ending June 2024. The Company is currently reviewing the order to determine its next course of action.
ACC Limited received a GST demand order totaling ₹59.81 Crore (including interest and penalty) from the Joint Commissioner Taxpayer Services, Kerala. The demand pertains to alleged ITC discrepancies and post-supply discounts. The company intends to contest the order and does not foresee a material financial impact on its operations.
Ambuja Cements received a GST demand order of ₹19.30 Crore (including interest and penalty) from Nagpur authorities. The demand relates to alleged ineligible ITC and delayed RCM payments on mining royalty for FY 2019-20 to 2022-23. The company intends to appeal and expects no material financial or operational impact.
General Insurance Corporation of India received a Rs. 350.47 Crore income tax demand notice for AY 2023-24 from the Income Tax Department. The company intends to appeal the order before the National Faceless Appeal Centre. Management states there is currently nil impact on financial or operational activities.
SM Auto Stamping Ltd received communication from BSE Limited regarding the waiver of a ₹0.21 Crore SOP fine. The fine, originally levied for non-compliance with SEBI Listing Regulations, was waived following a review by the Internal Regulatory Oversight and Review Group. There is no financial or operational impact on the company.
Dabur India Limited received an order imposing a ₹0.04 Crore penalty from the Addl. District Magistrate, Almora, for alleged FSSAI Act labelling violations. The company intends to appeal the order before the 1st Appellate Authority, stating there is no material impact on its financial or operational activities.
Bharti Airtel received an order from TRAI levying a financial disincentive of ₹0.51 Crore. The penalty relates to complaint redressal issues under consumer preference regulations for the June 2024 quarter. The company intends to contest the order and seek rectification or reversal.
Jindal Poly Films Limited informed that the NCLT issued notice regarding an intervention application filed by SEBI in a petition by minority shareholders. The company received the application and is awaiting the formal NCLT order. Management reiterated its commitment to corporate governance and compliance with all regulatory frameworks during the ongoing judicial process.
India Glycols Limited announced that the NCLT, Allahabad Bench, admitted its second motion petition regarding a Scheme of Arrangement. The tribunal directed newspaper publications and notices to authorities for representations within 30 days. The matter is listed for further proceedings on May 21, 2026.
Elitecon International Limited received a Show Cause Notice from DGGI Lucknow proposing demands totaling ₹442.29 Crore. This includes tax, interest, penalties, and refund recoveries related to GST compliance and interpretation issues. The company is reviewing the notice to take appropriate legal measures, as no final liability has been determined yet.
Gujarat State Petronet Ltd received a rectification order under Section 154 of the Income Tax Act for AY 2024-25. The order rectifies assessed income to ₹1,435 crore from the previous ₹1,683 crore. The company confirmed that there is no financial impact resulting from this rectification.
S&S Power Switchgear Ltd paid penalties of ₹0.07 Crore (₹3,28,040 each) to BSE and NSE for non-compliance with NRC composition regulations. The company's waiver application was rejected by BSE on April 08, 2026. The company confirms it is now in full compliance with Regulation 19(1) and (2) of SEBI LODR.
Inventure Growth & Securities Ltd and its CMD appeared before the Bombay High Court regarding a share sale dispute filed by Mr. Nagji Keshavji Rita. The court permitted the company to file objections within two weeks. The matter is listed for hearing on April 24, 2026.
GE Vernova T&D India Limited provided an update on its customs duty litigation. The Supreme Court dismissed the company's Special Leave Petition but permitted an appeal before the Commissioner (Appeals) against a 2015 Order-in-Original. The company intends to file this appeal on merits to resolve the long-standing dispute.
RSWM Limited received appeal effect orders from the Income Tax Department following favorable ITAT Jodhpur rulings. The company is now entitled to total tax refunds amounting to ₹24.97 Crore (including interest) for Assessment Years 2011-12 and 2013-14. This receipt strengthens the company's cash position with no adverse impact on operations.
Zee Learn Limited announced that the Hon’ble NCLT, Mumbai, has officially dismissed the insolvency petition filed by Axis Bank Limited (Petition No. 1126 of 2023) as withdrawn. This update follows a previous intimation from March 2026, confirming the formal conclusion of the legal proceedings.
Prostarm Info Systems Limited received intimation that the Customs Department filed an appeal before the CESTAT, Mumbai, against a prior order. The original order had confirmed no liability for a disputed amount of ₹25.66 Crore. The company is currently evaluating its further course of action regarding this litigation update.
Total Transport Systems Limited has filed an appeal against a GST Order-in-Original dated December 31, 2025, issued by the Mumbai East Commissionerate. This follows their earlier disclosure on March 20, 2026. The company will continue to update the exchange on material developments regarding this tax litigation.
DIC India Limited received a tax demand order for Rs. 0.17 Crore from the Karnataka GST authorities for FY 2017-18. The demand involves alleged ITC mismatches and R&D expense recoveries. The company believes the order is unsustainable and is currently reviewing it for further legal action.
Embassy Developments Limited provided an update on its NCLAT hearing regarding a stayed NCLT insolvency order involving a ₹370 crore contingent liability. The NCLAT adjourned the matter to April 17, 2026. Separately, the company reported record FY26 pre-sales of ₹4,631 crore, reflecting strong operational performance despite temporary stock exchange surveillance measures.
Camlin Fine Sciences Limited received an income tax demand notice of ₹5.47 Crore for Assessment Year 2023-24. The demand arises from Arm’s Length Price adjustments on international and domestic transactions with associated enterprises. The company intends to file an appeal against the order and states there is no immediate impact on operations.
Educomp Solutions Limited announced that the NCLT ordered the replacement of Caretaker Resolution Professional Mr. Mahender Kumar Khandelwal with Mr. Kamal Kumar Jadwani. Mr. Jadwani will now be responsible for the company's affairs and the ongoing CIRP process. The company is awaiting the formal written order.