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NCLAT Overturns NCLT Decision, Orders Fresh Hearing in Belgotex Insolvency Case, ETLegalWorld

NCLAT directs lower tribunal to hear Belgotex insolvency plea afresh New Delhi, The National Company Law Appellate Tribunal (NCLAT) has set aside an NCLT order rejecting Belgotex India‘s insolvency plea against Puneet India on the ground of a pre-existing dispute. Allowing the Belgotex India appeal, a two-member NCLAT bench has remanded the matter back to

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CBI Takes Action Against Anil Ambani and Reliance Communications for ₹3750 Crore Fraud, ETLegalWorld

CBI registers fresh case against Reliance Communications, Anil Ambani New Delhi, The CBI on Wednesday registered a fresh case against industrialist Anil Ambani and Reliance Communications Ltd for allegedly causing a loss of Rs 3,750 crore to Life Insurance Corporation (LIC) of India, officials said. The CBI has filed the case for the alleged offences

CBI Takes Action Against Anil Ambani and Reliance Communications for ₹3750 Crore Fraud, ETLegalWorld Read More »

Trilegal elevates six counsels to partnership, expands Equity Partner cohort to 157, ETLegalWorld

Trilegal_New Partner Promotions_April 2026 Trilegal has announced the elevation of six counsels to the equity-partnership, further strengthening the firm’s leadership across key practice areas. The newly appointed partners are Abhishek Kumar, Arnav Nagalia, Maitreya Rajurkar, Shashwat Sharma, Shreya Kundu, and Thomas. J. Vallianeth. These additions enhance Trilegal’s capabilities across Corporate, Real Estate, Dispute Resolution, Capital

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Bank of Baroda Faces INR 806 Crore Tax Demand from Income Tax Department, ETLegalWorld

Bank of Baroda Bank of Baroda has received a demand notice of INR 806.18 crores from the Faceless Assessment Unit (FAU) of the Income Tax Department for AY 2020-21, with the demand order received on March 30, 2026. “Pursuant to Para A(20) of Part A of Schedule III of LODR, this is to inform that

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No summons issued to IndusInd Bank by SFIO in accounting probe clarifies bank, ETLegalWorld

No summons issued to IndusInd Bank by SFIO in accounting probe clarifies bank On Monday, in an exchange filing, IndusInd Bank has clarified that the bank has not received any summons from Serious Fraud Investigation Office (SFIO) in any matter relating to accounting of internal derivative trades. The Bank further said that summons may have

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Lok Sabha Approves Key Amendments to Insolvency and Bankruptcy Code 2025, ETLegalWorld

Lok Sabha passes Insolvency and Bankruptcy Code (Amendment) Bill 2025 New Delhi [India], March 30 (ANI): The Insolvency and Bankruptcy Code (Amendment) Bill, 2025, as reported by the Select Committee passed in Lok Sabha on Monday. A total of 12 amendments are being proposed in the Insolvency and Bankruptcy Code (IBC) to strengthen the existing

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“As AI advances, many principles of contract law will have to be revisited,” says Justice Narasimha, ETLegalWorld

Prof. (Dr.) Shiv Swaminathan, Dean, Shiv Nadar School of Law, Shiv Nadar University Chennai, and Hon’ble Mr. Justice P.S. Narasimha, Judge, Supreme Court of India, at the launch of A Historical Introduction to Indian Contract Law (Routledge) held on 13th March 2026 at Taj Mahal Hotel, New Delhi. A gathering of scholars and members of

“As AI advances, many principles of contract law will have to be revisited,” says Justice Narasimha, ETLegalWorld Read More »

Pioneer Fil-Med files papers with SEBI for Rs 500 cr IPO, ETLegalWorld

Railway components maker Pioneer Fil-Med Ltd has filed draft papers with the markets regulator Sebi to raise Rs 500 crore through an Initial Public Offering (IPO). The proposed issue comprises a fresh issue of equity shares aggregating Rs 250 crore and an Offer For Sale (OFS) of shares worth Rs 250 crore by existing shareholders,

Pioneer Fil-Med files papers with SEBI for Rs 500 cr IPO, ETLegalWorld Read More »

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