Sterlite Technologies Legal & Regulatory
Sterlite Technologies announced the Delhi High Court dismissed the Department of Telecommunications' petition, upholding a favourable arbitral award regarding a past litigation demand.
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Sterlite Technologies announced the Delhi High Court dismissed the Department of Telecommunications' petition, upholding a favourable arbitral award regarding a past litigation demand.
The Department of Telecommunications invoked bank guarantees worth approximately ₹801.91 Crore due to alleged defaults in deferred spectrum payments. The company is evaluating the implications.
Fusion Finance received a ₹0.027 Crore monetary penalty from the Reserve Bank of India. The company states this has no material impact on its operations.
Indian Hume Pipe received an Income Tax order confirming a penalty of ₹0.63 Crore. The company intends to appeal this order before the ITAT.
Medplus Health Services' subsidiary, Optival Health Solutions, received a 2-day drug license suspension at a specific store for minor regulatory non-compliance.
Filatex Fashions received fines of Rs. 56,640 each from NSE and BSE for alleged non-compliance with Regulation 31 regarding shareholding pattern submissions.
KN Agri Resources Limited reported that its Board reviewed and paid regulatory fines of ₹14,160 imposed by the NSE for minor compliance lapses.
Sri Lotus Developers filed a writ petition challenging a GST demand of approximately ₹10 Crore, following a previous tax order. The company contests this liability.
Northern Arc Capital Limited has been imposed a penalty of ₹6.20 Lakhs by the Reserve Bank of India. The penalty relates to compliance and reporting issues.
The Collector, Surat, has withdrawn its previous order requiring the company to surrender 121,302 square meters of land. This resolution has no financial impact on the company.
The Madras High Court granted an interim stay on tax recovery proceedings of ₹12.72 Crore against Bannari Amman Sugars. This filing corrects a previous administrative submission error.
Emmbi Industries paid a Rs. 0.00472 Crore fine for late filing of Related Party Transaction disclosures. The Board noted the lapse was inadvertent and procedural.
The RBI has imposed a penalty of ₹0.59 Crore on IndusInd Bank for non-compliance with norms regarding deposit interest rates and asset securitisation.
ADF Foods updated that the opposing party in their litigation has filed an appeal. The company confirmed the previously granted injunction and judgements remain in effect.
J.K. Cement and its officers were fined ₹9.65 Lakh by the ROC for delayed Form BEN-2 filings. This regulatory penalty follows a voluntary adjudication application.
The Securities Appellate Tribunal granted a partial stay on SEBI's debarment order against Zee Entertainment, allowing it to proceed with its preferential warrant issuance.
Escorts Kubota Limited received a tax order confirming a liability of ₹16.51 Crore, including interest and penalties, following a service tax dispute. The company plans to appeal.
Cochin Shipyard reported receiving fines of ₹9.55 lakh each from NSE and BSE for non-compliance regarding Board and committee composition.
Dynamic Cables Limited received a favorable order from the GST Commissioner (Appeals), dropping a tax demand of Rs. 3.28 lakh. This order concludes the pending appeal.
Premier Explosives paid ₹0.03 Crore in fines to BSE and NSE for non-compliance with Regulation 17(1A) regarding board composition following the rejection of waiver applications.
PB Fintech's subsidiary, Policybazaar, received a show cause notice and advisory from IRDAI regarding past inspection observations. The company stated no material financial impact exists.
Sapphire Foods reported that the Income Tax Appellate Tribunal (ITAT) dismissed an appeal by the Income Tax Department, upholding a favourable order for its subsidiary.
Kalpataru Projects International received a tax and penalty demand of approximately ₹0.38 Crore from the Eswatini Revenue Service regarding alleged VAT claims. The company intends to appeal.
Hindustan Foods Limited announced that the Securities Appellate Tribunal dismissed its appeal against a ₹0.52 Crore fine imposed by BSE Limited for SEBI LODR violations.
Udayshivakumar Infra Limited paid a fine of ₹29,500 levied by BSE and NSE. The penalty was imposed for the late submission of March 2026 financial results.
Onward Technologies Limited received a ₹0.11 Crore penalty from the Income Tax Department for FY 2019-20. The company plans to appeal the order regarding expense disallowances.
BF Utilities Board reviewed a fine and promoter account freezing imposed by BSE for non-compliance with Regulation 33. Delays were attributed to subsidiary financial reporting issues.
BF Utilities Board noted an NSE fine of ₹1,71,100 for delayed submission of audited results for FY2026. The delay stemmed from non-submission of financials by subsidiaries NICE and NECE.
National Securities Depository Limited received a GST demand notice of Rs. 28.68 Crore from Mumbai tax authorities. The claim relates to alleged non-payment of GST on royalty.
Vedanta Iron And Steel Limited's subsidiary, ESL Steel Limited, received a ₹39.58 Crore tax liability proposal from GST authorities. The notice alleges short reversal of input tax credit.