Company Disclosures › Sub-category
Company-specific Legal Dispute
56 articles
A wave of legal resolutions and developments across various sectors highlights ongoing corporate risk management. Several companies, including SPML Infra, DCM Shriram, and Bharat Coking Coal, have seen favorable outcomes in legal disputes, with cases dismissed, appeals partially allowed, or litigation disposed of. However, others face continued challenges, such as Whirlpool India receiving a GST demand and MT Educare navigating ongoing corporate insolvency proceedings. These developments underscore the importance of robust legal and financial risk assessment for investors, as companies continue to manage litigation and regulatory compliance amid evolving legal landscapes.
SPML Infra Wins Dismissal of Contempt Case
The Calcutta High Court dismissed contempt application CC-COM/2/2026 filed by SPML Infra Limited against Navkar Urbanstructure Limited after amicable settlement.
The order was withdrawn without any co
Calcutta HC Disposes Contempt Against WBTC MD
The Calcutta High Court dismissed contempt application CC/14/2026 between Samir Kumar Kundu and Abhishek Chourasiya, MD of WBTC.
The court noted petitioner did not appear and had complied with its Sep
Petitioner Withdraws Case Against Reliance GIO
The petitioner, Rudraupasak Jyotish, filed Special Civil Application No. 6269 of 2026 in Gujarat High Court.
The petitioner sought and obtained permission to withdraw the petition, and the court grant
Dilip Construction Ordered to Complete Vehicle Confiscation
The High Court of Odisha disposed of the writ petition at admission stage, directing the Assistant Conservator of Forest to finalize confiscation.
The confiscation proceeding (OR No.02d of 2023-24) co
Electronica Finance Revocation Petition Dismissed
The Delhi High Court dismissed the civil revision petition filed by Electronica Finance Ltd seeking to withdraw the case.
Earlier, on 1 May 2025, the court appointed an arbitrator and allowed interim
JK Cement GST Appeals Partly Allowed by Kota Authority
JK Cement received two GST appeal orders from Additional Commissioner (Appeals), Kota on July 3, 2026.
Original demands of ₹2.99 crore and ₹7.28 crore were largely dropped, with minimal confirmed dema
DCM Shriram ITAT Partially Allows Tax Appeal
DCM Shriram discloses an ITAT order partially allowing its appeal against a Rs. 249.27 crore income tax demand for AY 2022-23.
The ITAT granted a relief of Rs. 172.82 crore and referred matters worth
Bharat Coking Coal Material Litigation Disposed
Bharat Coking Coal discloses disposal of material litigation referenced in offer documents.
Jharkhand High Court disposed writ petition without adverse directions against the company.
The litigation i
Hindustan Tin Works Receives ₹1.60 Crore Tax Order
Hindustan Tin Works received a tax assessment order from Excise & Taxation Officer, Sonipat for AY 2015-16.
The order demands ₹80.22 lakh tax and ₹80.22 lakh interest, totaling ₹1.60 crore in liabilit
Supriya Lifescience GM Sales Under Judicial Custody
Supriya Lifescience discloses judicial custody of GM Sales Sreekant Sreedharan by Customs Department under NDPS Act.
The case involves procedural lapse in single export transaction, with custody grant
Godrej Properties Receives CGRERA ₹10 Lakh Penalty
Godrej Properties received a penalty order of ₹10 lakh from Chhattisgarh RERA for alleged advertising violation.
The penalty relates to third-party advertisements for 'Greenvale Estate' project before
Mukesh Corp Appeal Transferred to District Court
Gujarat High Court ordered Mukesh Corporation's appeal be transferred to District Court as claim is under Rs 5 lakh per Section 30(3).
Registry instructed to move appeal records to the concerned Distr
Canara Bank Writ Petition Withdrawn
Court listed petition for withdrawal of writ application filed by Canara Bank against the State of West Bengal.
Counsel, instructed by Canara Bank, withdrew the writ, resulting in dismissal of WPA 8/2
Sterlite Technologies Wins Fujikura Patent Revocation
Sterlite Technologies discloses a favorable update on its patent litigation with Fujikura in Europe.
Fujikura's patent EP3796060 was revoked in its entirety by the Technical Board of Appeal in Germany
Bank of Baroda Receives RBI Penalty of ₹63.60 Lakhs
RBI imposes ₹63.60 lakh penalty on Bank of Baroda for regulatory non-compliance.
Penalty issued for charging excess interest and delayed KYC uploads to CKYCR.
The financial impact will directly affect
Whirlpool India Receives INR 15.5 Lakh GST Demand
Whirlpool of India received a GST demand order for FY 2019-20 totaling INR 15.51 lakh from Bihar tax authorities.
The order comprises a tax demand of INR 6.96 lakh, interest of INR 7.75 lakh, and a pe
TeamLease EPFO Show Cause Notice Quashed by Karnataka HC
• TeamLease received Karnataka HC order quashing EPFO's ₹184.58 crore show cause notice and directing fresh enquiry.
• The company had previously received a stay order on May 20, 2026 after filing wri
MT Educare Discloses ₹32.33 Crore Loan Default
MT Educare discloses a ₹32.33 crore default on bank loans as of June 30, 2026, under ongoing corporate insolvency.
The company faces invoked corporate guarantees totaling ₹23.99 crore from Axis Bank a
TVS Electronics EPFO Litigation Partial Relief Granted
TVS Electronics discloses material litigation with EPFO regarding PF contribution interpretation for April 2014-June 2015.
Industrial Tribunal reduced damages by 45% from ₹23.24 lakh to ₹12.78 lakh, w
Rajrani Cold Storage vs NICL Four-Week Adjournment
Supreme Court heard Civil Appeal 4698/2023 between Rajrani Cold Storage & Ice Factory and National Insurance Co. on 2 July 2026.
Appellant sought condonation of delay filing a rejoinder and permission
TTI Enterprise RBI NBFC Surrender Rejection
TTI Enterprise Limited's application to voluntarily surrender its NBFC registration was rejected by the Reserve Bank of India.
The rejection was formally communicated via an RBI PRAVAAH portal status
Sanofi India Wins ₹72.7 Lakh Tax Appeal
Sanofi India received a favorable order from the Income Tax Commissioner (Appeals) for AY 2019-20, dropping proceedings under Section 201.
The order deletes a tax demand of ₹72.71 lakh related to non-
United India Insurance Writ Petition Withdrawn
United India Insurance Divisional Manager filed W.P.(C) No.16443 of 2024 in Orissa High Court against Sri Dillip Kumar Dash and another.
Petitioners’ counsel Ms. R. Pati sought court permission to wit
Odisha HC Rejects Suryakanta Behera Quash Petition
Petitioner Suryakanta Behera, owner of Megha Builder, sought to quash criminal case (CT No.829/2018) alleging assault and threats over land dispute.
Court noted FIR filed Feb 21, 2018, charges under I
ICICI Prudential Life Insurance GST Appeal Order Update
ICICI Prudential Life Insurance received a partially favorable GST appeal order for FY2018 from Andhra Pradesh tax authorities.
The order partially upholds a tax demand totaling ₹1.65 lakh for excess
Harish Textile Receives Factory Premises Vacation Notice
Harish Textile Engineers received notice from licensor Harish Enterprise Private Limited to vacate factory premises in Gujarat.
The Leave and License Agreements expired on June 30, 2026, with 15-day v
Nagal Garment Tax Appeal Adjourned 4 Weeks
The Supreme Court heard Civil Appeal No. 4558/2019 filed by Nagal Garment Industries Pvt. Ltd. against the Commissioner of Income Tax.
The bench, comprising Justices Kotiswar Singh and N.V. Anjaria, g
Supreme Court Adjourns Devraj Appeal Four Weeks
The Supreme Court heard Civil Appeal No. 6163/2018 between an unnamed appellant and Devraj Infrastructures Ltd on 2 July 2026.
Counsel for the appellant requested a four‑week adjournment due to the un
United Breweries Receives ₹1162.53 Crore Demand Notice
United Breweries received a demand notice for ₹1162.53 crore from the Market Committee, Patiala, for alleged non-payment of fees.
The notice covers market fee, penalty, rural development fund, and int
Indiamart SLP Withdrawn by Supreme Court
Supreme Court heard Special Leave Petition filed by Vandna Rani against Indiamart Intermesh Ltd arising from Delhi HC judgment dated 30‑08‑2024.
Petitioner's counsel sought permission to withdraw the
Bank of Baroda Settles NMC Litigation for $600M
Bank of Baroda discloses an out-of-court settlement payment of USD 600 million (approx. ₹5,700 crores) to resolve litigation with NMC Health entities.
The settlement resolves insolvency and civil proc
Siti Networks Discloses ₹1,206 Crore Loan Default
Siti Networks discloses ₹1,206.03 crore total loan default as of June 30, 2026, in compliance with SEBI circular on default reporting.
Corporate Insolvency Resolution Process initiated by NCLT on Febr
Park Hotels Receives ₹41.07 Crore Tax Demand
Apeejay Surrendra Park Hotels received an income tax demand order of ₹41.07 crore for AY 2024-25.
The demand results from disallowances under Sections 37(1), 40(a)(ia), 68, 69C, and 35D of the Income-
Indian Bank Writ Petition Dismissed as Withdrawn
High Court at Calcutta dismissed Indian Bank's writ petition (W.P.A. 27270 of 2025) on 30 June 2026.
Petitioners sought to withdraw the petition after receiving CBI communication dated 15 June 2026, i
Indian Bank Writ Petition Dismissed as Withdrawn
The Calcutta High Court heard W.P.A. 27278 of 2025 filed by Indian Bank and another against the Union of India.
Petitioners presented a CBI Superintendent’s communication dated 15 June 2026, indicatin
NCLT Guwahati Adjourns Saroj Realtors Hearing
NCLT Guwahati Bench adjourns hearing for TP No.16/GB/2016 to July 30, 2026.
Case involves petitioners Shital Jain & Others vs. Saroj Realtors & Developers Pvt. Ltd.
Petition filed under Sections 235,
NCLT Guwahati Adjourns Manik Chand Hearing
NCLT Guwahati Bench adjourns hearing in Ashok Kumar Soni vs Manik Chand and Sons case to 31st July 2026.
The matter involves allegations under Sections 241 and 242 of the Companies Act, 2013 regarding
Fashion Era Apparels Case Dismissed for Default
Calcutta High Court circuit bench dismissed WPA 1096 of 2021 filed by Fashion Era Apparels against State of West Bengal for default.
No representatives appeared for either party when the case was call
Archean Chemical Receives ₹34.24 Lakh Tax Penalty
Archean Chemical received a penalty order of ₹34.24 lakh for AY 2017-18 from the Deputy Commissioner of Income Tax.
The penalty was imposed under section 270A for under-reported income alleged to be d
DroneAcharya Receives ₹2.59 Lakh MCA Compounding Order
DroneAcharya received an interim compounding order from the Regional Director, Mumbai for delaying its FY25 AGM by 56 days.
The company and its directors were levied a total compounding fee of ₹2,59,0
Harish Textile Receives Income Tax Reassessment Order
Harish Textile Engineers received Income Tax Order under Section 148A(3) and Notice under Section 148 for AY 2021-22 reassessment.
The order, received June 30, 2026, deems the case fit for reassessmen
Majhola Distillery Tax Appeal Adjourned
Supreme Court heard Civil Appeal No. 9582/2011 involving Majhola Distillery and Chemical Works vs Uttar Pradesh Commissioner of Trade Tax on 1 July 2026.
The bench comprised Justices M.M. Sundresh and
FirstCry ESOP Trust Receives Income Tax Notice
Brainbees ESOP Trust received an Income Tax Order and Notice for A.Y. 2022-23 concerning share issuance valuation.
The IT Department alleges income escaped assessment on 1.04 crore shares issued at fa
Patanjali Foods Appeal Adjourned by SC
Supreme Court heard Civil Appeal No.2335/2017 between Patanjali Foods Ltd and Commissioner of Customs on 1 July 2026.
The bench comprised Justices M.M. Sundresh and Sheel Nagu, with counsel for appell
Siyora Infra Developers SLA Petition Withdrawn
Supreme Court heard SLA Petition No.14120/2022 filed by Siyora Infra Developers against Surender Reddy & others.
Petitioners requested withdrawal of the appeal; Court granted permission.
Petition dism
New India Assurance Petition Adjourned One Week
Supreme Court heard Leave Petition by New India Assurance Ltd against Geeta Devi & Ors, stemming from 22 Sep 2025 Court judgment.
Petitioner seeks condonation of delay in refiling and curing defects u
Mukka Proteins Income Tax Appeal Partly Allowed
Mukka Proteins received appellate order dated 30th June 2026 from CIT(A)-2, Panaji for AY 2018-19 income tax dispute.
Appellate authority deleted ₹8.08 crore additions but sustained ₹7.54 crore additi
Shakti Tubes Ltd Appeal Adjourned Three Weeks
Supreme Court heard Civil Appeal No. 18431/2017 between Shakti Tubes Ltd and Commissioner of Customs on 1 July 2026.
The matter concerned interim relief applications including ex‑parte stay and exempt
Anik Industries Wins Income Tax Appeals for Five Years
Anik Industries Ltd. intimates exchanges of favorable orders from the Commissioner of Income Tax (Appeals) for five assessment years.
The CIT(A) allowed the company's appeals against income tax assess
DCM Shriram Receives ₹1.59 Crore Income Tax Penalty
DCM Shriram discloses receipt of a penalty order from the Income Tax Department for FY 2021-22.
A penalty of ₹1.59 crore was levied on additions made regarding the sale of buildings.
The company has a
HMT Fined ₹1.71 Lakh Each by BSE, NSE
HMT Limited fined ₹1.71 lakh each by BSE and NSE for delayed Q4 FY2026 financial results submission.
Company is applying for waiver of fines after achieving compliance with Regulation 33 of SEBI LODR.
Global Surfaces Receives ₹1.74 Crore Income Tax Penalty
Global Surfaces Limited received an order dated June 29, 2026, imposing a penalty of ₹1.73 crore for alleged contravention of Section 269SS of the Income-tax Act for AY 2019-20.
The penalty relates to
Newgen Software FY26 Revenue Rises 6% to ₹1,574 Crore
Newgen Software reported FY26 revenue of ₹1,574 crore with 6% YoY growth and PAT of ₹300.58 crore, while declaring a final dividend of ₹6 per share.
The company will hold its 34th AGM on July 24, 2026
Minal Industries Resubmits Audited FY26 Results
Minal Industries resubmits audited standalone and consolidated financial results for FY26 to BSE, addressing previous discrepancies highlighted by the exchange.
Standalone operations report a net loss
Hindustan Motors Receives Qualified Audit Opinion
Hindustan Motors received a qualified audit opinion due to material uncertainty about its ability to continue as a going concern.
The company reported a net loss of ₹29 lakh for FY26 after writing off
Sterling and Wilson Reports FY26 ₹2,510 Crore Loss on Subsidiary Impairment
Sterling and Wilson reported a consolidated net loss of ₹2,510.18 crore for FY26 due to a ₹2,802.18 crore exceptional impairment on subsidiary Sterling and Wilson International Solar FZCO.
Revenue gre