Jaiprakash Gaur expresses full confidence in Adani Group to take Jaiprakash Associates forward New Delhi, Former Jaypee Group chairman Jaiprakash Gaur on Friday expressed confidence in the Adani Group‘s takeover of Jaiprakash Associates Ltd (JAL), following “the fair and transparent process conducted by the Committee of Creditors.” “The Committee of Creditors has selected the Adani […]
SEBI unmasks ‘Ponzi-like’ scheme using broker licence; fund mobilisation crosses Rs 2,950 crore Mumbai, The Securities and Exchange Board of India (SEBI) has uncovered a case in which a stock broking licence was allegedly used as a front to run a Ponzi-like scheme, luring investors with promises of assured monthly returns of 10-12 per cent.
NCLT issues notice on SEBI intervention in Jindal Poly class action; original petitioners exit The hearing on the class action suit against Jindal Poly Films Ltd (JPFL) under Section 245 of the Companies Act, 2013, saw key developments at the NCLT Principal Bench, New Delhi. The bench issued notice on SEBI’s intervention application, seeking responses
NEW DELHI: The Competition Commission of India (CCI) has approved Indriya’s acquisition of a 14.29% stake in Aditya Birla Housing Finance (ABHFL), clearing a key regulatory hurdle for the ₹2,750 crore investment announced earlier this year. The transaction involves Indriya, an entity of global private equity firm Advent International, acquiring equity shares in ABHFL through
Illustrative image The National Consumer Disputes Redressal Commission (NCDRC) on Wednesday delivered a significant ruling in a case related to homebuyer grievances against Ansal Hi-Tech Township Limited (AHTTL). The Commission has lifted the corporate veil between AHTTL and its parent company Ansal Properties and Infrastructure Limited (APIL), finding the subsidiary to be merely a front
Rahul Rai Partner and Co-Founder, Axiom5 Law Chambers and Shashank Sharma Policy Lead, Axiom5 Law Chambers In the shifting seas of digital innovation, a new tide is rising: Generative AI. While standalone AI digital products such as Claude and ChatGPT make all the headlines, AI is also becoming an invisible and indispensable part of the
A Win for Innovation and Trust, ETLegalWorld Read More »
Illustrative image The Central Board of Direct Taxes (CBDT) has recently issued Notifications 54 and 55 of 2026, amending Rule 10U of the Income-tax Rules, 1962 and Rule 128 of the Income-tax Rules, 2026, which excludes the application of General Anti-Avoidance Rules (GAAR) on income arising from the transfer of investments made before April 1,
GAAR Notification Provides Partial Relief for Legacy Investments in India, ETLegalWorld Read More »
Adani seeks dismissal of SEC case, cites extraterritorial overreach, lack of jurisdiction New York, Billionaire Gautam Adani have moved a US court seeking dismissal of a US Securities and Exchange Commission’s securities fraud lawsuit, arguing the case represents an impermissible extraterritorial application of US law and fails for lack of personal jurisdiction. The SEC had
Samvardhana Motherson Subsidiary SMR Hyosang Settles Korean Subcontracting Dispute Samvardhana Motherson International has informed the stock exchange of a mediation settlement involving its indirect wholly-owned subsidiary, SMR Hyosang Automotive (South Korea) with its sub contractor. On April 6, 2026, SMR Hyosang signed an agreement with a subcontractor, facilitated by the Subcontracting Dispute Mediation Committee (SDMC)
Motherson Subsidiary SMR Hyosang Settles Korean Subcontracting Dispute, ETLegalWorld Read More »
Vodafone Idea New Delhi, The telecom department expects that AGR reassessment for Vodafone Idea — which recently received government relief for its dues and liabilities — will be completed by June, sources said. The reassessment was earlier targeted for completion by March 31. Sources said the review of Spectrum Usage Charge (SUC) is on, following
Vodafone Idea’s AGR Dues Reassessment Timeline Extended to June by DoT, ETLegalWorld Read More »
