Latest announcements

Ceat Legal & Regulatory

CEAT Limited announced that the Competition Commission of India found no contravention by the company in a 2019 bid-rigging case, concluding the matter.

Bharti Airtel Legal & Regulatory

Bharti Airtel received a penalty notice of ₹0.01 Crore from the Department of Telecommunications regarding subscriber verification norms. The company will pay the penalty.

Value

₹0.01 Cr

Max Financial Services Legal & Regulatory

SEBI disposed of proceedings against Max Financial Services and its subsidiary without any penalty. Settlement applications from thirteen other noticees remain under process.

Jyothy Labs Legal & Regulatory

Jyothy Labs Limited received an excise duty order demanding ₹20.35 Crore, including penalties and fines. The company plans to appeal against the order, citing previous favorable rulings.

Value

₹20.35 Cr

Shashijit Infraprojects Legal & Regulatory

Shashijit Infraprojects Limited reports that its ongoing property lease dispute with Vapi Municipal Corporation remains pending. The Gujarat High Court adjourned the hearing to September 14, 2026.

Nuvoco Vistas Corporation Legal & Regulatory

Nuvoco Vistas' subsidiary, NU Vista Limited, received a Show Cause Notice from CGST authorities. The notice proposes a tax demand of Rs.15.41 Crore for FY21-24.

Value

₹15.41 Cr

Tata Steel Legal & Regulatory

Tata Steel Limited received a stay order from the Revisional Authority against a ₹1,755.11 Crore mining demand. No coercive action will be taken during the proceedings.

Value

₹1,755 Cr

JSW Dulux Legal & Regulatory

JSW Dulux Limited received a GST order from the Telangana GST Department for Rs. 0.85 Crore. This includes tax disallowance and a penalty for FY 2022-23.

Value

₹0.85 Cr

IIFL Finance Legal & Regulatory

IIFL Finance reported that its subsidiary, IIFL Home Finance, received an income tax assessment order raising a demand of ₹963.39 crore.

Value

₹963.4 Cr

Nitco Legal & Regulatory

The Delhi High Court dismissed Nitco's writ petition regarding a Rs. 15.17 Crore interest demand on customs duty. The company intends to appeal in the Supreme Court.

Value

₹15.17 Cr

Star Housing Finance Legal & Regulatory

Star Housing Finance corrected the default dates for its NCDs (ISIN INE526R07017) previously disclosed on July 31, 2026. The actual default dates are now specified.

Kirloskar Brothers Legal & Regulatory

Kirloskar Brothers Limited announced that the Supreme Court disposed of petitions related to a Deed of Family Settlement dispute, directing a three-member Arbitral Tribunal's constitution.

Indian Railway Finance Corporation Legal & Regulatory

IRFC has received a GST show cause notice totaling ₹549.32 Crore concerning excess input tax credit claims for FY 2022-23. The company is evaluating its response.

Value

₹549.3 Cr

Afcons Infrastructure Legal & Regulatory

Afcons Infrastructure received a favourable ₹335.50 Crore arbitral award from the Uttar Pradesh Expressways Industrial Development Authority. The amount is payable subject to no legal challenges.

Value

₹335.5 Cr

Gala Precision Engineering Legal & Regulatory

Gala Precision Engineering announced the conclusion of Income Tax proceedings at its premises. The company confirms that operations continued normally with no material impact.

Urban Company Legal & Regulatory

Urban Company successfully sued Kent RO for defamation and disparagement. The Delhi High Court ordered Kent RO to withdraw the offending advertisements within 15 days.

Reliance Communications Legal & Regulatory

The NCLT ruled the approved Resolution Plan for subsidiary RCIL non-implementable. It directed the erstwhile Committee of Creditors to meet and decide the future course.

Bombay Dyeing & Manufacturing Company Legal & Regulatory

Bombay Dyeing received a GST Show Cause Notice for ₹4.84 Crore regarding FY 2020-21. This tax demand covers infrastructure charges, interest, and penalties.

Value

₹4.84 Cr

Sayaji Hotels (Indore) Legal & Regulatory

Sayaji Hotels (Indore) obtained a stay from the MP High Court on an FSSAI order that had partially suspended its Indore unit's license. No material impact reported.

Escorts Kubota Legal & Regulatory

Escorts Kubota Limited received a GST order for FY 2022-23 totaling Rs. 4.40 Crore, including tax, interest, and penalty. The company intends to appeal the order.

Value

₹4.40 Cr

APL Apollo Tubes Legal & Regulatory

APL Apollo Tubes received orders from the Deputy Commissioner (Appeals), Hosur, reducing its GST demand by ₹0.86 Crore. The balance demand is ₹0.15 Crore.

Value

₹0.86 Cr

APL Apollo Tubes Legal & Regulatory

APL Apollo Tubes Ltd received a revised GST order from the Deputy Commissioner (Appeals), reducing the previous ₹3.15 Crore demand to a balance of ₹0.01 Crore.

Value

₹0.01 Cr

GHCL Legal & Regulatory

GHCL Limited won an order from the National Green Tribunal (NGT), which dismissed three appeals challenging Environmental and Forest Clearances for its Soda Ash project.

Medplus Health Services Legal & Regulatory

Medplus Health Services reported drug license suspensions for three of its subsidiary's stores due to regulatory violations, with an estimated financial impact of ₹0.06 Crore.

Value

₹0.06 Cr

Pokarna Legal & Regulatory

Pokarna Limited received a show cause notice from the Central Tax Commissioner alleging short-payment of GST, proposing a total demand of ₹4.71 Crore including penalty.

Value

₹4.71 Cr

ICICI Prudential Life Insurance Company Legal & Regulatory

ICICI Prudential Life Insurance received an order from the Commissioner (Appeals Thane) upholding a tax demand and penalty totaling Rs. 364.73 Crore for FY2018-FY2023.

Value

₹364.7 Cr

Wonderla Holidays Legal & Regulatory

Wonderla Holidays received a GST Show Cause Notice demanding ₹34.28 Crore (inclusive of tax, interest, and penalty). The company is evaluating the notice and will respond.

Value

₹34.28 Cr

Godavari Biorefineries Legal & Regulatory

Godavari Biorefineries received a GST show-cause notice of ₹17.02 Crore for the period 2021-2024. The company is evaluating the claim and preparing its legal response.

Value

₹17.02 Cr

Edelweiss Financial Services Legal & Regulatory

The IRDAI issued a warning to subsidiary Edelweiss Life Insurance and restricted it from opening new places of business for six months over regulatory non-compliance.

Execution

6 months

Tata Motors Passenger Vehicles Legal & Regulatory

Tata Motors Passenger Vehicles Limited received an RBI compounding order for a historical 2015 FEMA non-compliance, resulting in a ₹0.02 Crore penalty.

Value

₹0.02 Cr