Company Disclosures › Sub-category
Company-specific Legal Dispute
72 articles
Litigation and regulatory challenges are impacting several Indian companies, creating uncertainty and potential financial burdens. RattanIndia Power faces a ₹170.78 crore arbitration award against it, while Emcure Pharmaceuticals has received ₹57.74 crore in tax penalties. Additionally, ideaForge Technology is disputing a ₹1091.72 crore GST demand order, and Nectar Lifesciences is dealing with a High Court order remanding a GST dispute. These ongoing legal battles and tax assessments introduce risks for investors and could affect the financial performance of these businesses, highlighting the importance of monitoring regulatory developments and potential legal outcomes.
Ruchi Infrastructure Receives Andhra Pradesh High Court Notice
Ruchi Infrastructure received a notice from the Andhra Pradesh High Court on October 3, 2026, regarding a customs appeal case.
The case, C.E.A. No. 43 of 2009, involves the Commissioner of Customs, Vi
Kirloskar Systems Adjourned, Settlement Sought Dec 2026
Supreme Court heard petitions by Kirloskar Systems Ltd. and others against the estate of Sri Muniyappa on 30‑Sep‑2026.
Counsel indicated possible settlement, prompting the Court to grant adjournment a
RattanIndia Power Loses ₹170.78 Cr Arbitration Award
RattanIndia Power discloses an arbitral award requiring it to pay Bharat Heavy Electricals Ltd a net amount of ₹170.78 crore plus interest.
The award relates to a dispute over the Amravati Phase-II Pr
Logix Infra SLPs Listed for Oct 6 2026
Supreme Court listed three Special Leave to Appeal petitions (SLP C Nos. 6234/2025, 9298/2025, 23448/2025) filed by Logix Infra Developers.
The petitions challenge the High Court's final judgment and
Nectar Lifesciences GST Litigation Remanded by High Court
Nectar Lifesciences discloses High Court order remanding GST dispute back to appellate authority for fresh consideration.
Potential financial exposure includes ₹89.32 crore demand with interest and pe
Supreme Court Lists Dhampur AlcoChem Appeal Dec 2026
Supreme Court heard petition for special leave to appeal (C) No. 4137/2026 filed by Jeet Singh against Dhampur AlcoChem Pvt Ltd.
Petition stems from a July 31, 2025 High Court judgment in CR No. 49/20
Skipper GST Demand Reduced to ₹40.96 Crore
Skipper Limited discloses a rectified GST show cause notice reducing the proposed demand from ₹227.53 crore to ₹40.96 crore.
The company contests the rectified demand as erroneous and not tenable, sta
Didarul Islam Bail Rejected, Rs 3.69 Cr
Calcutta High Court dismissed anticipatory bail (CRM (A) 3143/2026) filed by Md. Didarul Islam, manager of Chhabilpara Samabay Krishi Unnayan Samity Ltd.
The State argued the petitioner is accused of
Cosmos Textile Secures Stay on Rs.4.86 Lakh
Cosmos Textile Mills Pvt. Ltd appealed a 2018 judgment against Dhanesh & Co. and partner Nainesh Shah.
The Bombay High Court ordered a 12‑week stay on execution, conditional on a Rs.4,86,848 deposit w
Emcure Receives ₹577 Crore Income Tax Penalty
Emcure Pharmaceuticals discloses regulatory orders from the Income-tax Department imposing an aggregate penalty of ₹57.74 crore.
The penalty covers financial years 2014-15 to 2020-21 (assessment years
NCLAT Dismisses Nikhil Rai's Vcare Technologies Appeal
NCLAT dismisses appeal against NCLT order rejecting Section 59 petition regarding share transfer in Vcare Technologies.
Tribunal condones 39-day delay in appeal refiling but upholds dismissal due to p
Awfis Receives ₹8.26 Crore Adverse Arbitration Award
Awfis Space Solutions received an adverse final arbitration award ordering payment of ~₹8.26 crore plus interest and costs.
The dispute arose from termination of a property lease due to infrastructura
ideaForge Receives ₹1091.72 Cr GST Demand Order
ideaForge Technology received GST demand order for ₹545.86 crore tax and equal penalty totaling ₹1091.72 crore for 2022-24 period.
Company disputes claim, citing government clarification that drone GS
Supreme Court Orders MIDC Representation in Dispute
New Millenium India Developers Pvt Ltd petitioned for special leave to appeal a Bombay High Court judgment dated 24‑03‑2026.
The Supreme Court heard IA No.141095/2026 on 01‑10‑2026, seeking condonatio
DIC India Receives DRP Directions on Tax Dispute
DIC India received directions from the Dispute Resolution Panel-2 on September 30, 2026, regarding a transfer pricing dispute for AY 2023-24.
The DRP did not accept most of the company's objections to
Satia Industries Appeal Admitted, Dec 2026 Hearing
Supreme Court admitted Satia Industries Ltd’s civil appeal against United India Insurance Co. Ltd. (Head Office & Ors.) on 30‑Sep‑2026.
The bench comprised Justice Sanjay Kumar and Justice Sanjeev Sac
P.M. Infrastructure SLP Hearing Adjourned
Supreme Court heard P.M. Infrastructure Pvt Ltd’s petition for special leave to appeal against Karnataka State on 29 Sep 2026.
The petition challenges the High Court’s final judgment dated 6 Feb 2026
Exotica Infrastructure Petition Not Taken Up
The Supreme Court heard Exotica Infrastructure Pvt Ltd's petition (C.Pet.(C) No.21/2026) on 1 Oct 2026 before Justices Vikram Nath and Sandeep Mehta.
The petition was not taken up for consideration, a
IFFCO Tokio Settles Rs5 Lakh Lok Adalat
The Supreme Court Special Lok Adalat disposed Special Leave Petition No.21719 of 2023 after parties reached settlement.
Respondent IFFCO Tokio Insurance Co. Ltd. agreed to pay a lump‑sum of Rs 5,00,00
Karur Vysya Bank Tax Appeals Withdrawn
Karur Vysya Bank Ltd filed Civil Appeals Nos. 140‑142/2015 against the Commissioner of Income Tax in the Supreme Court Special Lok Adalat.
The parties reached a settlement, and the appellant unconditi
Bajaj Electricals Wins ₹29.63 Lakh GST Appeal
Bajaj Electricals discloses favorable GST appellate order setting aside ₹29.63 lakh demand from Jharkhand authority.
Appellate Commissioner dropped entire gross demand including ₹2.69 lakh penalty for
Reliance Infrastructure Named Accused in CBI Chargesheet
Reliance Infrastructure disclosed being named as an accused in a CBI chargesheet related to Reliance Home Finance Limited.
The disclosure was made pursuant to SEBI Listing Regulations via a formal exc
Reliance Power Named Accused in CBI RHFL Chargesheet
Reliance Power discloses being named as an accused in a CBI chargesheet related to Reliance Home Finance Limited.
The disclosure is made under SEBI Listing Regulations following a press release from t
Anarock Capital vs Genesys Data Arbitration Adjourned
Supreme Court heard petition for arbitration between Anarock Capital Advisor Pvt Ltd and Genesys Data LLC on 1 Oct 2026.
The bench comprised Justice Joymalya Bagchi and Justice V. Mohana, with petitio
Reliance Asset Reconstruction SLP Hearing Adjourned
Supreme Court heard SLP petitions filed by Reliance Asset Reconstruction Co. Ltd against Hiroo Hotchand Advani & Anr on 29 Sep 2026.
Petitions challenge the Bombay High Court's 20 Jul 2026 judgment in
AYM Syntex Receives ₹2.32 Crore GST Show Cause Notice
AYM Syntex received a GST Show Cause Notice from Maharashtra tax authorities for FY 2022-23, proposing total dues of ₹2.32 crore.
The notice cites audit objections including delayed payments, disallow
Indiabulls Housing Finance Proceeding Expedited by Court
The court dismissed the C528/2079/2026 petition filed under Section 528 of BNSS, 2023 by Elkana Nissim Ezekiel against Indiabulls Housing Finance Ltd.
The judge ordered the Dehradun magistrate to expe
New India Assurance Appeal Withdrawn, Fee Refunded
Bombay High Court dismissed First Appeal No.2050 of 2007 filed by The New India Assurance Co. Ltd. after the appellant withdrew it.
The court ordered refund of the court fee and transfer of the deposi
Models Leisure Ventures Challenges 2022 Injunction Order
Models Leisure Ventures and two others filed Writ Petition No.477/2023 challenging a 17 Sep 2022 Commercial Appellate Court order.
The dispute originates from Commercial Suit No.20/2020 based on a Sal
Yatra Online Receives GST Show Cause Notices
Yatra Online Limited and its subsidiary received GST show cause notices totaling ₹70.66 crore in tax, interest, and penalty demands for FY 2022-23.
The Maharashtra notice demands ₹39.86 crore alleging
BCCL Faces ₹38,168 Cr Jharkhand Govt Recovery Notice
Bharat Coking Coal Ltd received a certificate proceeding for ₹38,168 crore alleged outstanding amount from Jharkhand government.
The case was initiated by Certificate Officer/Additional Collector, Dha
Dankuni Steel Appeal Disposed, Pending Applications Cleared
The Calcutta High Court dismissed the appeal filed by Dankuni Steel Ltd against the July 2014 order.
The bench, Justices Debangsul Basak and Aryak Dutt, held the dispute is a commercial matter under t
Supreme Court Dismisses Lokrajya SLP
Supreme Court heard Special Leave Petition filed by Lokrajya Swayam Rojgar Seva Sahakari Sanstha Ltd against High Court judgment dated 16‑04‑2026.
Court condoned delay in filing but found no grounds t
NCLAT Adjourns Patanjali Foods Customs Appeal
NCLAT adjourns Patanjali Foods Ltd's customs appeal hearing to November 2026 due to time constraints.
The appeal challenges an order by the Additional Commissioner of Customs against the company.
The
5paisa Capital Receives ₹15.31 Crore GST Demand Notice
5paisa Capital Limited received a GST Show Cause cum Demand Notice for ₹15.31 crore from the Principal Commissioner of CGST & C. Excise, Mumbai East.
The notice alleges excess and ineligible Input Tax
Emmvee Photovoltaic Receives Favorable Karnataka High Court Order
Emmvee Photovoltaic Power Limited discloses a favorable order from the Karnataka High Court regarding ongoing criminal litigation.
The High Court directed the Trial Court to dispose of the matter with
Advance Agrolife Receives ₹3.23 Cr GST Demand Notice
Advance Agrolife received a GST show cause-cum-demand notice from Rajasthan tax authorities for FY 2022-23.
The notice alleges short payment of GST totaling ₹3.23 Cr including tax, interest, and penal
Siti Networks Discloses ₹1,206 Crore Loan Default
Siti Networks discloses ₹1,206.03 crore total default on bank loans and financial indebtedness as of September 30, 2026.
Company is under Corporate Insolvency Resolution Process since NCLT admission o
SITI Networks Defaults on ₹1,149 Crore Bank Loans
SITI Networks discloses default on term loan installments totaling ₹1,149 crore to multiple lenders including ARCIL and IDBI Bank.
The default occurred on August 31, 2026 and continues beyond 30 days
SRF Receives ₹266 Crore GST Show Cause Notice
SRF Limited received a GST show cause notice dated September 29, 2026, for alleged ineligible Input Tax Credit of ₹266.32 crore for FY2022-23 and FY2023-24.
The notice was issued by the Additional Com
VISL Subsidiary ESL Exempted from Penalty
Vedanta Iron And Steel subsidiary ESL Steel received an adjudication order for non-compliance from FY2015-16 to FY2017-18.
ESL was exempted from financial penalty under Section 32A of the Insolvency a
Mold-Tek Packaging Receives ₹36 Lakh Tax Demand
Mold-Tek Packaging discloses receipt of an income tax demand notice for ₹36.05 lakh for AY 2021-22.
The demand stems from an order under Section 270A of the Income Tax Act, 1961, received on September
Valiant Organics Receives ₹22.15 Lakh Tax Rectification Order
Valiant Organics received a rectification order from the Income Tax Department for AY 2015-16 pertaining to an amalgamated entity.
The order determines a net tax payable of ₹22.15 lakhs related to ers
Skipper Limited Disputes ₹227.53 Crore GST Notice
Skipper Limited received a GST show cause notice demanding ₹227.53 crore for alleged mismatches in GST returns.
The company strongly disputes the demand, citing erroneous findings and incorrect applic
KEI Industries Receives ₹17.1 Lakh GST Demand Order
KEI Industries received a GST demand order for ₹8.55 lakh tax plus equal penalty from Ahmedabad Central GST authority.
The demand is for alleged non-payment of tax on unbilled revenue during FY 2022-2
MRPL Announces ₹1.2 Crore Support for Fire Victim Family
MRPL expresses grief and extends condolences for the death of Shri Manish Karkada in a Coker Hydrotreater Unit fire incident on 30 September 2026.
The company will provide ₹90 lakh financial support p
ICICI Bank Receives ₹229 Crore GST Demand Notice
ICICI Bank received a GST demand notice for ₹229.14 crore from Mumbai tax authorities on October 1, 2026.
The demand relates to services provided to customers maintaining minimum account balances, wit
ABDL Arbitration Against CSD Terminated on Jurisdiction
Allied Blenders disclosed termination of arbitration against Canteen Stores Department due to lack of jurisdiction.
Sole Arbitrator ruled no arbitration agreement exists, terminating proceedings witho
Dreamfolks Receives ₹1.87 Crore GST Show Cause Notice
Dreamfolks Services received a GST show cause notice dated September 30, 2026, for FY 2022-23 ITC discrepancies.
The notice demands ₹1.87 crore total comprising tax of ₹1.71 crore and penalty of ₹17.0
Nuvoco Subsidiary Receives ₹25 Crore GST Show Cause Notice
Nuvoco Vistas discloses GST show cause notice to subsidiary NU Vista Ltd proposing ₹24.99 crore tax demand for FY23.
Notice alleges incorrect turnover calculation and denies input tax credit due to ra
Mahindra Holidays Receives ₹36.3 Cr GST Show Cause Notice
Mahindra Holidays received a GST show cause notice from Mumbai State Tax authorities demanding ₹36.3 crore for FY 2022-23.
The notice includes tax of ₹19.1 crore, interest of ₹15.3 crore, and penalty
Balaji Amines Receives SEBI Warning for Non-Disclosure
SEBI issued a warning to Balaji Amines for failing to disclose a DGFT blacklisting order and an FDA warning letter as material events.
The DGFT order dated August 13, 2024, placed the company on the D
Ramco Systems Philippines Tax Dispute Settled at PHP 3M
Ramco Systems' Philippine subsidiary settled a major tax dispute, reducing its liability from PHP 72.40 million to PHP 3.00 million.
The final demand of PHP 3 million (approx. ₹4.60 crore) was paid on
Sterling Holiday Resorts Wins Supreme Court Appeal
Supreme Court heard Civil Appeals No 10077‑10078/2014 between Sterling Holiday Resorts Ltd (appellant) and P.M. Associates & Ors (respondent).
The bench allowed the appeals, dismissed related appeals
Sethia Oil SLP: Two‑Week Rejoinder
Supreme Court heard petition for special leave to appeal by Sethia Oil Industries Ltd against National Insurance Co Ltd on 30‑Sep‑2026.
The bench comprising Justices S.V.N. Bhatti and N.V. Anjaria gra
Supreme Court Grants Time to HFC
Supreme Court heard SLP No.40044/2026 on 29‑09‑2026 between Haryana Financial Corporation and Vishav Manav Printers.
Petitioner’s counsel sought an extension to file an additional affidavit; the Court
Karim Hotels SLP Appeal Listed Oct 2026
Supreme Court heard petition by Karim Hotels Pvt Ltd seeking special leave to appeal against Delhi High Court judgment dated 06-11-2025.
Multiple interim applications were listed, including exemption
Life Vision Healthcare SLP Filed, Notice Ordered
Supreme Court logged SLP (Criminal) No.17925/2026 filed by M/S Life Vision Healthcare & Anr. challenging a May 2026 High Court judgment.
The Court also heard IA No.287515/2026 and IA No.287516/2026 on
Sumetco Alloys Petition Supreme Court Order
Sumetco Alloys Private Ltd filed a Special Leave to Appeal against the Rajasthan High Court’s 13‑Aug‑2026 judgment.
The Supreme Court, comprising Justices J.B. Pardiwala and K. Vinod Chandran, ordered
Supreme Court Sets Aside Abatement, Allows Substitution
The Supreme Court, on 28‑09‑2026, condoned delay and set aside the abatement in SLP(C) No. 2675/2018.
Applications to substitute legal heirs of petitioners 2 and 4 were permitted, and the cause title
Lalitha Real Estates Rs2 Crore Settlement Loyola
Supreme Court heard SLP No.27383/2025 filed by Lalitha Real Estates Pvt Ltd against Loyola College Society arising from a High Court judgment.
Mediation led to settlement on 10 April 2026 with respond
Reliance Infrastructure JV Faces $182M IBC Petition
IIFC filed NCLT petition against Reliance Infra JV MMOPL for $182M recovery.
NARCL revoked Master Restructuring Agreement with MMOPL due to unmet conditions.
MMOPL disputes claim, seeks legal advice;
BSE Ltd Appeal Adjourned to Oct 2026
Supreme Court heard Civil Appeal No.7038/2025 between BSE Ltd and Spice Energy Pvt Ltd on 29 Sep 2026.
The bench comprised Hon’ble Justices Sanjay Kumar and Sanjeev Sachdeva presiding over the matter.
Reliance Industries Gets Two-Week Rejoinder, SC
Supreme Court heard petition (SLA No. 28654/2025) by Reliance Industries Ltd against Bharat Petroleum Corp arising from Gujarat HC order dated 09‑05‑2025.
Court comprised Justices Prashant Kumar Mishr
Vineet Laboratories Statutory Auditor NSVR Resigns
Vineet Laboratories Ltd discloses resignation of statutory auditor NSVR & Associates LLP, effective September 29, 2026.
Auditor cites preoccupation with other assignments as reason, confirms no disput
Madras HC Extends GST Deadline for Angel Tex Chem
Madras High Court extended Angel Tex Chem's GST compliance deadline by four weeks, originally set on 18‑Dec‑2025.
Petitioner M/s Angel Tex Chem, represented by proprietor B.R. Nandha and counsel Mrs R
Meena Zarda Udyog Withdraws Writ Petition
Meena Zarda Udyog Pvt. Ltd. filed a writ petition against Sundaram Finance Ltd. and another party in Odisha High Court.
Petitioner sought permission to withdraw the writ application and the court gran
NPC Ltd Chairperson Impleaded in Contempt Case
Interlocutory application filed by Shanti Kumar Chakma under CPC Order 1 Rule 10(2) to implead new incumbents in a connected contempt petition.
Court allowed the prayer, ordering Smt. Shilpa Sachin Sh
Bombay HC Quashes FIR Against Olympic Decor LLP, Imposes Costs
Olympic Decor LLP and Respondent No.2 settled, seeking consent quash of FIR No. 775/2025 under the Copyright Act.
Justice Milind N. Jadhav of Bombay High Court granted the quash order on September 28,
Winsome Breweries FY26 Net Loss of ₹156.10 Lakhs
Winsome Breweries reported a net loss of ₹156.10 lakhs for FY 2025-26, with total income decreasing to ₹282 lakhs from ₹381.19 lakhs in the previous year.
The company's 34th AGM is scheduled for Septe
MTNL Reports ₹3,102 Crore FY26 Loss, Negative Net Worth
MTNL reported a standalone net loss of ₹3,102 crore for FY26 with fully eroded net worth of ₹29,975 crore, raising significant going concern concerns.
Auditors issued adverse opinion citing 20 materia
Veejay Lakshmi Promoter Share Transmission 96,923 Shares
Veejay Lakshmi disclosed a 96,923 equity share transmission from ex-promoter chairman to current chairman under SEBI LODR Reg. 30.
The transmission occurred on 28/08/2026 between related promoter dire