Par Drugs & Chemicals Legal & Regulatory
Par Drugs and Chemicals received a rectification order deleting a prior income tax demand. The demand is now nil, with no financial impact.
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Par Drugs and Chemicals received a rectification order deleting a prior income tax demand. The demand is now nil, with no financial impact.
Petronet LNG paid Rs.0.07 Crore in penalties to NSE and BSE for non-compliance with board composition norms. The company has informed promoters and will report to its board.
Eternal Ltd received a GST demand order of ₹9.63 Crore from Andhra Pradesh authorities. The company plans to appeal, citing a strong case on merits.
ICICI Lombard received CESTAT orders confirming appeals against service tax demands were allowed. This reduces the company's contingent liability by the demand amounts.
TAKE Solutions Limited filed its FY2026 secretarial compliance report. It discloses ₹10.62 lakh in penalties levied by exchanges for delayed appointments and financial result submissions.
Heranba Industries settled its dispute with Haresh Petrochem, leading to the withdrawal of the IBC insolvency application. The NCLT Ahmedabad has formally disposed of the case.
Bharti Airtel received a ₹0.07 Crore penalty from the DoT for subscriber verification violations. The company has opted to pay rather than contest the fine.
Bharti Airtel received a ₹0.37 Crore financial disincentive from TRAI for regulatory non-compliance. The company intends to seek rectification or reversal of this order.
Sanofi India received a favorable order dropping a ₹0.11 Crore GST demand for FY 2018-19. The authority accepted the company's submissions, resulting in no material financial impact.
Saakshi Medtech received an NSE notice imposing a Rs.2,360 fine for delayed shareholding pattern submission. The company cited portal technical issues and requested a waiver.
Zydus Lifesciences' subsidiary ZHL secured favorable appellate orders dropping GST demands totaling ₹0.42 Crore. This significantly reduces the company's potential tax liability and penalty exposure.
Anand Rathi reported an estimated ₹9.35 Crore fraud involving unauthorized client share transfers. The company has notified authorities and is implementing corrective actions.
Bajaj Electricals received an adverse GST appellate order confirming a ₹10.95 Crore demand, including penalties. The company is evaluating further legal remedies to challenge the order.
V Marc India faced search proceedings by Uttarakhand GST authorities regarding alleged tax evasion and excess input tax credit. Management reports no material operational or financial impact.
The Bombay High Court set aside a ₹473.7 Crore one-time spectrum charge demand against Bharti Hexacom. This favorable judgment removes a significant contingent liability for the company.
The Bombay High Court set aside a Rs. 8,414 Crore one-time spectrum charge demand issued by the DoT. This favorable ruling removes a significant contingent liability for Bharti Airtel.
Patanjali Foods received an FDA notice regarding 'Patanjali Karela Jamun Juice' labeling and advertisements. The order directs a product recall and sales suspension pending compliance resolution.
Syschem (India) Limited received a court order to recover ₹0.56 Crore following a fraudulent fund transfer. The Judicial Magistrate directed the release of funds from identified accounts.
Siemens Energy India announced the Bombay High Court dismissed a petition challenging a prior arbitral award. The ruling confirms no additional financial liability for the company.
Bajaj Auto received a favorable order setting aside a ₹3.87 Crore GST demand and penalty. This appellate success eliminates a previously disclosed contingent tax liability.
Samvardhana Motherson's Chinese subsidiary received a ₹0.27 Crore penalty from Beijing Customs for wrongful delivery term declarations. The company reports no material financial impact.
TRAI imposed a ₹0.02 Crore financial disincentive on Tata Teleservices for failing quality service benchmarks. The company is currently evaluating legal next steps.
Metroglobal Limited successfully completed the three-month debarment period imposed by the Securities Appellate Tribunal. The company is now permitted to access the securities market again.
Kalyani Forge filed its FY2026 Secretarial Compliance Report, disclosing a ₹0.01 Crore penalty for filing delays. The company has paid the fines and initiated corrective measures.
TRAI imposed a ₹0.06 Crore financial disincentive on MTNL for service quality violations. The company confirmed no material impact on its financial operations.
Bombay High Court quashed DoT's ₹2,113 Crore One Time Spectrum Charge demands against Vodafone Idea. This favorable ruling removes a significant historical liability and orders the return of bank guarantees.
Kalpataru Projects received a tax demand and fine of ₹0.99 Crore from Eswatini Revenue Service. The company intends to file objections against the order.
Vodafone Idea received a ₹0.16 Crore financial disincentive from TRAI for non-compliance with unsolicited commercial communication regulations. The company is currently evaluating legal next steps.
Jubilant Ingrevia received a favourable tax order setting aside a ₹0.72 Crore demand and penalty. The ruling eliminates a contingent liability from the company's books.
Dev Accelerator Limited settled its litigation with LRS Services Private Limited via a Settlement Deed. The ₹0.30 Crore settlement involves deposit adjustments and rent claim waivers.