Aarti Drugs Legal & Regulatory
Aarti Drugs disclosed that the Supreme Court dismissed the GST Department's Special Leave Petition, effectively disposing of the tax litigation matter in the company's favor.
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Aarti Drugs disclosed that the Supreme Court dismissed the GST Department's Special Leave Petition, effectively disposing of the tax litigation matter in the company's favor.
The Supreme Court dismissed the GST Department's Special Leave Petition, favoring the company. This favorable order resolves the pending tax litigation regarding GST demands.
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Manorama Industries voluntarily paid Rs. 20.64 Crore following a Customs inquiry regarding preferential tariff benefits. The company is seeking recovery from its overseas supplier.
Inspirisys Solutions Limited received a favorable order from the Kerala VAT Appellate Tribunal, dismissing tax demands of ₹1.09 Crore against the company.
Vedanta Iron and Steel's subsidiary, ESL Steel, received a GST intimation for alleged short payments of ₹15.74 Crore during FY 2020-21 to FY 2022-23.
Mittal Life Style Limited disclosed Board comments regarding an NSE fine of Rs. 1.41 Lakh for a procedural lapse. The company has submitted a waiver application.
Mukka Proteins secured a favourable CESTAT order setting aside a Rs. 15.24 Crore customs duty demand. The company is now seeking a refund of Rs. 0.75 Crore.
Chandan Healthcare Limited received an Administrative Warning Letter from SEBI regarding disclosure lapses in its Red Herring Prospectus. No monetary penalty was imposed.
The Reserve Bank of India imposed a monetary penalty of ₹0.01 Crore on Canara Bank. The fine relates to currency chest remittance shortages and mutilated notes.
Mahanagar Telephone Nigam Limited (MTNL) reported that the Bombay High Court permitted claimants to withdraw ₹20.54 Crore deposited as compensation for land acquisition in Mumbai.
Automotive Axles received a notice from the Karnataka State Pollution Control Board regarding STP effluent non-compliance. The company has responded with corrective measures.
RHI Magnesita India Ltd and its material subsidiary have received intimation from their statutory auditor, Price Waterhouse Chartered Accountant LLP, regarding its intention to resign.
Hindustan Zinc announced the rescission of a facility agreement dated December 30, 2025, involving its promoter group entities. Consequently, all previous restrictions on the company are released.
Statutory Auditor M/s. Jain Paras Bilala & Co has resigned effective August 14, 2026, citing internal policy reviews and confirming no management disagreement.
M/s A N K H & Associates has resigned as the statutory auditor of Desi Farms India Ltd, effective August 8, 2026, citing personal and professional commitments.
Jindal Poly Films received a Show Cause Notice from SEBI regarding certain transactions and governance. The company is currently preparing its response to the notice.
SEBI issued an Adjudication Order against Ultracab's promoters for non-compliance with SAST regulations, imposing a penalty of ₹5 Lakhs on those specific promoter entities.
Cemindia Projects Limited received a GST demand order for ₹2.49 Crore including tax and penalty. The company plans to appeal the order.
Subsidiary Axis Max Life Insurance received a GST Show Cause Notice for ₹35.29 Crore regarding alleged wrongful Input Tax Credit utilization. The company is reviewing the notice.
Supreme Court dismissed the Department of Fertilizers' appeal, upholding the High Court order for the release of ₹53.50 Crore in subsidy to Paradeep Phosphates.
Cemindia Projects Limited received a GST demand order for ₹1.24 Crore from the Assistant Commissioner, Ahmedabad. The company plans to file an appeal against the order.
Cemindia Projects Limited received a GST demand order of ₹1.24 Crore tax and ₹1.24 Crore penalty. The company plans to appeal the order.
Nova Iron & Steel Ltd received another Provisional Attachment Order from the Enforcement Directorate dated August 07, 2026. The Company is examining legal options.
Cemindia Projects Limited reported that the State ACB has filed a Criminal Revision Case in the AP High Court, challenging the company's prior discharge order.
Vedanta Iron and Steel Limited's subsidiary, ESL Steel Limited, received a GST intimation alleging excess ITC utilization of Rs. 51.23 Crore. The company is evaluating legal remedies.
ICICI Lombard reported an erroneous adjustment of a ₹96.96 Crore tax refund against an old demand. The company will initiate legal action to contest this action.
Honasa Consumer reported a Dubai Cassation Court judgment awarding AED 1.71 million (approx ₹4.43 Crore) to RSM General Trading LLC. The company expects no net financial impact.
Max Healthcare provided an update on ongoing NCLT proceedings regarding its subsidiary Kalinga Hospital Ltd. The tribunal allowed a procedural defect to be rectified.
Universus Photo Imagings Limited received a Show Cause Notice from SEBI regarding governance and transactions. The company is preparing its response to the regulatory inquiry.