Articles for tag: Claim, Communications, departments, Dismissed, dues, Earlier, insolvency, NCLAT, Proceedings, Reliance, Ruling, State, Tax, Upholding

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The NCLAT dismissed the state tax department’s dues claim against Reliance Communications, upholding an earlier ruling amid insolvency proceedings.

The NCLAT dismissed the state tax department’s dues claim against Reliance Communications, upholding an earlier ruling amid insolvency proceedings.

The National Company Law Appellate Tribunal (NCLAT) has dismissed a petition from the state tax department seeking dues from Reliance Communications (RCom). The appeal was based on claims made after RCom entered the corporate insolvency resolution process in June 2019. The NCLAT upheld an earlier decision by the Mumbai bench of the National Company Law ...

Market News

Bulldozer Politics Grounded: Supreme Court’s Ruling Leaves Yogi Adityanath’s ‘Destructive Symbol’ in Reverse Gear!

Akhilesh Yadav, the president of the Samajwadi Party, praised the Supreme Court’s decision on September 17, 2024, to stop the demolition of private properties linked to individuals facing criminal charges, calling it a victory against the misuse of bulldozers in politics. He criticized the bulldozer as a symbol of destructive governance, implying that the ruling ...

Market News

Congress alleges a “rigged deal” by the Adani Group for Maharashtra’s power supply, as the ruling government faces impending defeat.

Congress alleges a “rigged deal” by the Adani Group for Maharashtra’s power supply, as the ruling government faces impending defeat.

Congress MP Jairam Ramesh has accused the Mahayuti government in Maharashtra of facilitating a “rigged deal” after the Adani Group won a bid to supply 6,600 MW of bundled renewable and thermal power to the state. This comes as the government faces the prospect of a significant defeat in the upcoming assembly polls. Ramesh criticized ...

Market News

Byju’s faces a shocking bankruptcy ruling in the U.S., conflicting with ongoing insolvency proceedings in India, igniting creditor disputes.

Byju’s faces a shocking bankruptcy ruling in the U.S., conflicting with ongoing insolvency proceedings in India, igniting creditor disputes.

Byju’s, the Indian ed-tech giant, faces a surprising US court ruling that placed its subsidiaries into involuntary Chapter 11 bankruptcy due to non-compliance with creditor demands. This decision impacts companies like Neuron Fuel Inc. and Epic! Creations Inc., conflicting with ongoing insolvency proceedings in India. Byju’s Interim Resolution Professional, Pankaj Srivastava, is seeking to halt ...

Market News

“Supreme Court’s ‘Caged Parrot’ Ruling: A High-Profile Bail That Exposes Political Puppet Strings in Delhi’s Corruption Drama!”

The Supreme Court has granted bail to Delhi Chief Minister Arvind Kejriwal, providing significant relief amid ongoing corruption allegations tied to the now-repealed Delhi excise policy from 2021-22. Justices Surya Kant and Ujjal Bhuyan criticized the Central Bureau of Investigation (CBI) for its handling of the case, suggesting that Kejriwal’s arrest seemed to be a ...

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Supreme Court to hear pleas from mineral-rich states for recovering dues on royalty after landmark ruling favoring state tax rights.

Supreme Court to hear pleas from mineral-rich states for recovering dues on royalty after landmark ruling favoring state tax rights.

The Supreme Court has announced plans to establish a bench to address the claims of mineral-rich states like Jharkhand, which are seeking to collect millions in unpaid royalties and taxes related to mineral rights. This move follows a significant ruling on July 25, where the court determined that states, not the Central government, hold the ...

Market News

Google faces a dramatic antitrust lawsuit threatening its ad tech dominance, following a prior ruling declaring its search engine a monopoly.

Google faces a dramatic antitrust lawsuit threatening its ad tech dominance, following a prior ruling declaring its search engine a monopoly.

One month after a judge ruled that Google’s search engine operates illegally as a monopoly, the tech giant is facing another antitrust lawsuit concerning its advertising technology. The U.S. Justice Department claims that Google maintains a monopoly by controlling both sides of the advertising transaction, which leads to higher fees for publishers and advertisers. As ...

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