COMPANIES & SECTORS


Moneylife Digital Team 03 March 2025
Nitco Ltd (noticee 1) and the company's promoter and chairman and managing director (CMD), Vivek Talwar (noticee 2), paid Rs1.17 crore to settle a case related to non-compliance with SEBI Listing Obligations and Disclosure Regulations (LODR) and other associated violations. The settlement,...

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AGS Transact Technologies Ltd (AGS) describes itself as a company standing at the forefront of the growing payment landscape of the country.    Among other things, it provides the technology solution for banks to automatically dispense cash and other solutions for electronic payments.   It...

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Sahyaja MS (Bar  and   Bench) 28 February 2025
The Bombay High Court on Friday issued notice to Union Bank of India and the Reserve Bank of India (RBI) in response to a petition filed by industrialist Anil Ambani challenging the classification of his loan account as fraud.   The loan account is linked to the insolvency-bound Reliance...

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Moneylife Digital Team 28 February 2025
Technicolor group, the owner of Oscar-winning visual effects companies MPC and The Mill, and feature animation company Mikros Animation, has begun to shut down operations, threatening the jobs of thousands of artists worldwide, says a report from CG Channel. The report cites a memo sent to...

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Moneylife Digital Team 28 February 2025
President Donald Trump announced a controversial plan to sell a gold card for US$5mn (million), granting wealthy foreigners rights to live and work in the US and a path to citizenship. This initiative is set to begin in two weeks, potentially attracting billions of dollars. During a press...

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SN Thyagarajan (Bar  and   Bench) 27 February 2025
The Chennai Bench of the National Company Law Appellate Tribunal (NCLAT) on Thursday quashed an order of the National Company Law Tribunal (NCLT) that had earlier admitted Coffee Day Enterprises Ltd (CDEL), which runs the Cafe Coffee Day chain, to the corporate insolvency resolution process...

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SN Thyagarajan (Bar  and   Bench) 26 February 2025
The Delhi High Court on Tuesday granted Lifestyle Equities damages of $39 million (approximately Rs340 crore) after finding that Amazon infringed upon its ‘Beverly Hills Polo Club’ Trademark.   In the order, justice Prathiba M Singh says, "The consequences of online infringement which the...

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Moneylife Digital Team 26 February 2025
The Bombay High Court (HC) has ruled in favour of Systra MVA Consulting (India) Pvt Ltd, overturning the Mumbai Metropolitan Region Development Authority's (MMRDA) decision to terminate the French company's contract for consultancy services on key Mumbai metro projects. The HC found MMRDA's...

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SN Thyagarajan (Bar  and   Bench) 26 February 2025
The National Company Law Tribunal (NCLT), New Delhi, on February 25, admitted Ansal Properties and Infrastructure Limited (APIL) to the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC), 2016, on a petition filed by IL&FS Financial Services Limited...

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Moneylife Digital Team 26 February 2025
Market regulator Securities and Exchange Board of India (SEBI) has approved a settlement of Rs92.21 lakh in a case involving NGL Fine-Chem Ltd (applicant 1) and three other related entities. The settlement resolves proceedings related to alleged violations of SEBI regulations concerning...

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Moneylife Digital Team 25 February 2025
French engineering firm Systra, which has played a key role in designing and overseeing Mumbai's metro construction, has accused senior officials of the Mumbai Metropolitan Region Development Authority (MMRDA) of corruption. The company alleges that officials sought 'undue favours', delayed...

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Moneylife Digital Team 24 February 2025
The Indian government has taken decisive action against Aveo Pharmaceuticals Ltd (Aveo) after a BBC investigation alleged that the company was illegally exporting unapproved opioid combinations to West Africa. The exposé, which included a sting operation, revealed that Aveo was selling a...

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Moneylife Digital Team 21 February 2025
Pharmaceutical stocks faced significant turmoil last week, as the Nifty Pharma index dropped 2% following US President Donald Trump's announcement of potential tariffs up to 25% on drug imports. This decision raised alarms over the viability of Indian drug exports which constitute nearly 40% of...

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SN Thyagarajan (Bar  and   Bench) 21 February 2025
The National Company Law Tribunal (NCLT) Mumbai Bench on Tuesday approved the resolution plan for Anil Ambani-owned Reliance Big Private Limited submitted by ACME Cleantech Solutions Private Limited.   The plan outlines that financial creditors will receive a total of 3.5 crore against an...

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Moneylife Digital Team 20 February 2025
The Mumbai zonal office of the directorate of enforcement (ED) has provisionally attached immovable properties worth Rs24.52 crore belonging to Ajit Kulkarni and others under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, in connection with the bank fraud case involving...

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Moneylife Digital Team 19 February 2025
Market regulator Securities and Exchange Board of India (SEBI) has directed Krishna Shriram (KS), the legal heir of the late Siddharth Shriram (SS), to disgorge Rs6.17 crore along with interest at 12%pa (per annum) from 24 November 2017, the last trading date of Mawana Sugars Ltd (MSL) shares...

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When succession scuffles see spouses sparring over the use of the right bathroom among over 50 in a sprawling mansion, parents going head to head with their children, siblings at each other’s throat, cousins, their daggers drawn and criminal allegations of forged family settlements and...

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Sahyaja MS (Bar  and   Bench) 18 February 2025
The Volkswagen group on Monday told the Bombay High Court that the 1.4 billion tax dispute with the Indian Customs authorities is a "life and death" battle for the company's operations in India.   Senior Advocate Arvind Datar, appearing for Volkswagen, said that Customs' decision to classify...

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Debayan Roy (Bar  and   Bench) 17 February 2025
The National Financial Regulating Authority (NFRA) has approached the Supreme Court challenging the Delhi High Court's recent decision to quash show-cause notices issued by the auditing standards watchdog against leading audit firms, including Deloitte Haskins & Sells LLP, SRBC & Co LLP and...

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Moneylife Digital Team 17 February 2025
The Union government on Monday launched the 'mutual credit guarantee scheme for micro, small, and medium enterprises (MCGSMSME)', which was announced in the Union Budget 2024-25, to support the MSME sector. Unveiling the scheme in Mumbai, Union finance minister (FM) Nirmala Sitharaman also...

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