Tax Law Explained: Supreme Court Rules Against Loss Set Off Claims By Amalgamated Companies In India

The Supreme Court held amalgamated companies cannot claim set off of predecessor losses under Kerala Agricultural Income Tax Act without explicit provision. Dismissing Aspinwall appeals, it ruled such benefits require statutory backing and proper notice during amalgamation proceedings.

KhaitanCo Advises Just Climate on USD 67.5 Million Investment in Continuum Green Energy

KhaitanCo has advised Just Climate on its new USD 67.5 million investment into Continuum Green Energy, reinforcing its growing commitment to India’s renewable sector. This follows Just Climate’s previous investment of USD 150 million in the company in September 2024, reinforcing its long-term commitment to supporting clean energy growth in India.

NCLT President Post Vacant Awaiting CJI’s Recommendation Under Companies Act Provisions: Centre tells Delhi High Court

The Union government told the Delhi High Court that appointment of a regular NCLT President remains pending since December 2025. The Centre stated it awaits recommendation from the Chief Justice of India under Companies Act provisions.

Touchstone Partners Elevates Six Senior Associates to Counsel Across Offices

Touchstone Partners has announced the promotion of six Senior Associates to the position of Counsel, reflecting the firm’s commitment to nurturing talent. The elevations span the firm’s offices, recognizing their expertise, performance, and contributions to legal practice.

Big Relief for Huawei: Delhi High Court Sets Aside 2013–14 IT Notice, Allows 2015–16 Reassessment

The Delhi High Court granted partial relief to Huawei Telecommunications (India) by quashing reassessment notice and special audit for 2013–14, while upholding reassessment and audit directions for the 2015–16 assessment year.

SBI-Led Lenders Move Supreme Court Seeking Release of Rs.5,100 Crore in Sterling Biotech Case Funds

A consortium led by State Bank of India moved the Supreme Court of India seeking release of Rs 5,100 crore in Sterling Biotech dues, as the bench sought responses and listed the matter for hearing on March 23.

NCLT Appointment Row: Delhi High Court Seeks Centre Response on Acting President Bachu Das

Kaushalendra Kumar Singh moved the Delhi High Court challenging appointment of Bachu Venkat Balaram Das as Acting NCLT President, with the court seeking responses from the Centre and Das on the plea.

“Certified Copies Must Be Given Even to Third Parties”: NCLAT Rules Anyone Aggrieved by NCLT Order Can Appeal

The National Company Law Appellate Tribunal, Chennai, ruled that any person aggrieved by an order of the National Company Law Tribunal may obtain its certified copy to file an appeal, even if they were not a party to the original proceedings.

Supreme Court of India to Examine EPF Liability of Foreign Employees Working in India

The Supreme Court of India agreed to examine whether foreign employees working in India must contribute to the Employees’ Provident Fund Scheme, 1952, while issuing notice to the Centre in a plea by LG Electronics challenging EPF rules for international workers.

NCLAT Ruling Not Invalid Simply Because Technical Members Formed the Majority: Supreme Court in Bharti Telecom Capital Reduction Case

The Supreme Court of India dismissed appeals by minority shareholders of Bharti Telecom Limited challenging its share capital reduction. Justices Sanjay Kumar and K. Vinod Chandran held share valuation is an expert matter under the Companies Act, 2013.