NCLAT Transfers Judicial Member Justice N Seshasayee To Chennai Bench In Public Interest

The National Company Law Appellate Tribunal (NCLAT) on Monday transferred Judicial Member Justice N. Seshasayee from its Principal Bench in New Delhi to the Chennai Bench in public interest. An order issued by NCLAT Chairperson directed Justice Seshasayee to join the Chennai Bench within three weeks. "In view of the administrative requirement in public interest, Justice Shri N. Seshasayee, Judicial Member, Principal Bench of NCLAT at New Delhi is hereby ordered to be transferred to Chennai...

Arrest Under GST Law Need Not Await Tax Adjudication If 'Reason To Believe' Exists: Chennai Court

A Chennai court has recently refused bail to a director of Attica Gold Pvt. Ltd. in a GST evasion case, holding that authorities need not wait for completion of tax adjudication before making an arrest if they possess sufficient material to form a "reason to believe" that an offence has been committed. Principal Sessions Judge S. Karthikeyan dismissed the bail plea of Dr. Obed Ulla A, who was arrested by the Directorate General of GST Intelligence (DGGI) on June 12 in connection with an...

CGPDTM Notifies Patent & Trade Marks Agent Exams 2027, Registration To Open July 1

On 23 June 2026, the Controller General of Patents, Designs and Trade Marks Controller General of Patents, Designs and Trade Marks issued a public notice announcing the schedule and key details for the Patent Agent Examination 2027 and the Trade Marks Agent Examination 2027. The notice states that the Trade Marks Agent Examination is likely to take place on 9 January 2027 and the Patent Agent Examination is likely to take place on 10 January 2027. The authority will conduct both examinations...

Centre Extends GSTAT Appeal Deadline To July 31 For Legacy GST Orders

The Centre has extended the deadline for filing legacy appeals before the Goods and Services Tax Appellate Tribunal (GSTAT) by a month, giving taxpayers until July 31, 2026, to file appeals against orders communicated before May 1, 2026. The extension replaces the earlier June 30 deadline and has been notified by the Ministry of Finance. Under the revised timeline, departmental applications in respect of orders passed before February 1, 2026, can also be filed until July 31. Appeals against...

Centre Extends Tenure Of SAT Technical Member Meera Swarup Till September 8, 2026

The Central Government on Wednesday extended the tenure of Meera Swarup as Technical Member of the Securities Appellate Tribunal (SAT) till September 8, 2026.Swarup, who was appointed to the tribunal in February 2022, was due to demit her office on March 9, 2026. The latest notification extends her tenure for a further period of six months. The extension was notified by the Ministry of Finance in exercise of powers under the Tribunals Reforms Act, 2021, and the Tribunal (Conditions of Service)...

Explained: Five Defences Nirav Modi Raised In Bank of India Personal Guarantee Case And Why London Court Rejected Them

A court in London has held fugitive diamantaire Nirav Modi personally liable under a personal guarantee executed in favour of Bank of India. In doing so, it rejected five principal defenses raised by him and directed him to pay USD 4,105,189.34 together with contractual interest to the Bank. Deputy High Court Judge Simon Tinkler of the High Court of Justice, Business and Property Courts of England and Wales, delivered the judgment making Modi liable for over Rs 100 crore in personal guarntee...

Mumbai Court Sends Former RCFL CEO Devang Mody To CBI Custody In ₹7,623 Crore Bank Fraud Probe

A Special CBI Court in Mumbai on Tuesday remanded former Reliance Commercial Finance Ltd (RCFL) Chief Executive Officer and Director Devang Pravin Mody to CBI custody till June 25, 2026. The remand was granted in connection with the CBI's probe into an alleged ₹7,623 crore bank fraud involving Reliance ADA Group companies RCFL and Reliance Home Finance Ltd (RHFL). The case pertains to alleged irregularities in loans extended by a consortium of 31 banks and financial institutions to the group...

SEBI Proposes Common Advertisement Code For Regulated Entities, Invites Public Comments

The Securities and Exchange Board of India (SEBI) has issued a consultation paper proposing a Common Advertisement Code for specified SEBI-regulated entities. The objective is to create a uniform advertising framework across intermediaries and strengthen investor protection. The proposed framework would apply to entities including stock brokers, depository participants, investment advisers, research analysts, mutual funds, portfolio managers and online bond platform providers. SEBI noted that...

ED Closes FEMA Proceedings Against Apollo Hospitals After RBI Compounds Contraventions

The Enforcement Directorate (ED) on Wednesday said that adjudication proceedings under the Foreign Exchange Management Act (FEMA) against Apollo Hospitals Enterprises Limited have been terminated. This follows the Reserve Bank of India's (RBI) decision to compound the company's contraventions under the Act. The RBI passed the compounding order under Section 15 of FEMA after obtaining a "No Objection" from the ED, according to a press release issued by the agency on June 17, 2026. The...

CCI Rules Advance India Projects Limited Not Dominant in Gurugram Commercial Real Estate Market

The Competition Commission of India on Monday closed proceedings against real estate developer Advance India Projects Limited (AIPL), holding that the company does not prima facie appear to be dominant in the market for organised commercial real estate in Gurugram. The Commission therefore found that no case of abuse of dominant position was made out. A coram of Chairperson Ravneet Kaur and Members Anil Agrawal, Sweta Kakkad, and Deepak Anurag observed that AIPL had only seven projects...

GSTAT Committee Recommends Waiver Of Submitting Certified Copies With Appeals If Orders Are On GST Portal

The Committee constituted by the Goods and Services Tax Appellate Tribunal (GSTAT) has recommended that appellants should not be required to file certified copies of orders that are already uploaded on the common GST portal. The proposal forms part of a wider set of suggested changes to the GSTAT (Procedure) Rules, 2025. The recommendation was among several suggestions considered by the committee after examining representations received from trade bodies, bar associations, and industry...

US Court Strikes Down Trump's $100,000 H-1B Levy, Says It Was A Tax, Not Visa Fee

A federal court in Massachusetts has struck down President Donald Trump's $100,000 payment requirement for new H-1B visa petitions. The Court granted summary judgment to a coalition of 20 states led by California and vacated the federal policy implementing the measure. Judge Leo T. Sorokin of the US District Court for the District of Massachusetts held that the payment requirement functioned as a tax. The Court further held that the Executive lacked authority under the provisions relied upon by...