Last Updated : Friday, December 27, 2019 18:16:25

News of Legal | Litigations in Gujarat

ADAG led REL INFRA wins 3.5 bln rupees arbitration, from Goa Govt

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, Anil Dhirubhai Ambani Group (ADAG) led Reliance Infrastructure Ltd said of having won arbitration award amounting to 3.5 billion (~350 crore) rupees from Goa Government over legal dispute for delayed payments to the company for power supplied from

ADAG led REL INFRA wins arbitration of 12.5 bln against DAMODAR VALLEY CORP

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, Mumbai headquartered Anil Dhirubhai Ambani led Reliance Infrastructure Ltd said of having won a major arbitration award of Rs.12.50 billion (~1,250 crore) rupees against Damodar Valley Corporation, a Government of India undertaking. Three member Arbitration Tribunal unanimously gave

ArcelorMittal and NIPPON STEEL complete acquisition of Essar Steel

LONDON (UK) | HAZIRA (SURAT) | AHMEDABAD-GANDHINAGAR | RAJKOT – In a press-release as shared with media by ArcelorMittal, the Global Steel Major announced of having completed acquisition of Essar Steel India Ltd and having established a joint-venture with Nippon Steel Corporation called ArcelorMittal Nippon Steel India Ltd, which will own and operate Essar Steel

SUBEX and RAG announce alliance for combating fraud

BENGALURU | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, Bengaluru headquartered cybersecurity and information technology company Subex Ltd said of having partnered with Risk & Assurance Group (RAG) to provide a blockchain-based fraud management solution, to its customers. In a press-release as submitted by the

SUN PHARMA denied dismissal of certain claims in an ongoing lawsuit in US

VADODARA (BARODA) | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update submitted to the Indian Stock Exchanges, Vadodara (Baroda) headquartered Indian Pharmaceutical major – Sun Pharmaceutical Industries Ltd said of having updated on the ongoing litigation in regards to Ranbaxy Generic Drug Application Anti-Trust litigation in US Courts, where the US District court

Supreme Court slams suo moto of contempt to FORTIS HEALTHCARE

GURUGRAM | MOHALI | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a press-release submitted to the Indian Stock Exchanges, Mohali (Punjab) headquartered Indian healthcare company Fortis Healthcare Ltd said of having received suo moto notice of contempt from the Supreme Court of India in context to violation of previous court orders. The press-release as submitted

SUPREME COURT rules in favor of FORTIS HEALTHCARE in litigation matter against DDA

NEW DELHI | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory filing submitted to the Indian Stock Exchanges, Delhi headquartered healthcare major Fortis Healthcare Ltd said of having won litigation against Delhi Development Authority with Supreme Court of India having passed judgement in favor of one of the wholly owned subsidiaries of the Company

SUBEX says, 26% rise in Cyberattacks – Mumbai, New Delhi, Bengaluru at risk

BANGALORE | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a press-release submitted to the Indian Stock Exchanges, Bangalore headquartered information technology company Subex Ltd in its State of IoT (Internet of Things) Security Report (on) India for Q3 (Jul-Sep) 2019 said of 26% rise in cyber-attacks and Mumbai, New Delhi, Bengaluru are attracting maximum number

NCLT nods demerger of Tyre biz from KESORAM INDUSTRIES

KOLKOTTA | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory filing submitted to the Indian Stock Exchanges, Kolkata headquartered Kesoram Industries Ltd said of having got National Company Law Tribunal (NCLT) nod to demerge tyre business from the parent company. The company statement as submitted to the Indian Bourses, alongwith press-release titled, “NCLT approves

Income Tax slams notice to ASHIMA (Textiles) calculating Rs.585.2 mln as payable tax

AHMEDABAD | MUMBAI | RAJKOT – In a regulatory filing submitted to the Indian Stock Exchanges, Ahmedabad headquartered textiles manufacturer Ashima Ltd said of having got notice from Income Tax Department calculating tax payable amounting to 58.52 crore (~585.2 million) rupees for the Assessment Year 2018-19. The filing as submitted by the company to the

SRF Ltd confirms demand of Rs.288.2 mln rupees raised by MADHYA PRADESH

GURUGRAM | NEW DELHI | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update submitted to the Indian Stock Exchanges, New Delhi headquartered tyre manufacturer SRF Ltd said of having confirmed the demand of Rs.288.2 million (~28.82 crore) raised by the Collector of Stamps, Bhind (Madhya Pradesh). The company update as submitted to the

APTEL directs RAJASTHAN based DISCOMS to pay compensation to ADANI POWER

AHMEDABAD | MUMBAI | RAJKOT – In a regulatory update submitted to the Indian Stock Exchanges, Ahmedabad headquartered Adani Group’s power arm Adani Power Ltd said of APTEL (Appellate Tribunal for Electricity) having issued judgement allowing the claim for compensation for non-availability / shortage of coal linkages vide power purchase agreements for 1,200 MW signed

MINES TRIBUNAL comes to rescue NMDC over DONIMALAI mines mess

HYDERABAD | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update submitted to the Indian Stock Exchanges, Government of India owned metals & mining arm and a public sector undertaking NMDC Ltd said of the Mines Tribunal (Central Government) coming to its rescue over Donimalai mines, as the tribunal issued stay order against the

Mohota Ind’s Hinganghat plant under State Pollution Regulator’s scanner

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a company update submitted to the Indian Stock Exchanges, Mumbai headquartered Textiles company, Mohota Industries Ltd said of its Hinganghat Plant’s water and electricity connection disconnected vide Maharashtra Pollution Control Board orders. The company-statement submitted to the Indian Bourses, read that, in continuation to our letter Dtd. 22/07/2019,

Patent Infringement case filed against Sun Pharma

NEW JERSEY (US) | VADODARA (BARODA) | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory filing submitted to the Indian Stock Exchanges, Vadodara (Baroda) headquartered Indian Pharma major Sun Pharma Advanced Research Company (SPARC) Ltd said of complaint filed at one of the US District Courts at New Jersy, against the company, alleging patent

NMDC challenges the Karnataka Govt’s order on Donimalai Mines

BENGALURU | HYDERABAD | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update submitted to the Indian Stock Exchanges, mining arm of central government – public sector undertaking NMDC Ltd said of Karnataka Government having withdrawn the extension granted to the company, for the mining lease period at Donimalai mines and auction the said block. The

Do NOT follow this link or you will be banned from the site!