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Gujarat High Court Rejects Writ Plea Against Corporate Insolvency Process Due to Pending Appeal

The Gujarat High Court rejected a writ petition contesting a corporate insolvency resolution order amounting to seven crore forty lakh rupees. The court ruled that exercising writ jurisdiction is barred when identical arguments are already pending before the appellate tribunal without any extraordinary circumstances.

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For professionals: The Gujarat High Court ruled that invoking extraordinary writ jurisdiction is barred when a petitioner has already approached the National Company Law Appellate Tribunal on identical grounds without showing exceptional circumstances. · Legal professionals must exhaust statutory appellate remedies within the designated tribunal framework rather than seeking parallel relief or engaging in forum shopping during Corporate Insolvency Resolution Process matters. · The ruling applies to a Corporate Insolvency Resolution Process admission order involving an amount of seven crore forty lakh rupees.

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Shriram Research Selects Eleven Equities for Samvat Two Thousand Eighty Three Muhurat Trading

Shriram Research published a list of eleven stock recommendations for the festival trading session of Samvat two thousand eighty three. The brokerage based these selections on anticipated earnings growth and supportive economic policies acting as market catalysts.

Effective Not specified in the update

For professionals: No specific tax filings, compliance steps, or statutory sections are mentioned in the update. · Practitioners should advise clients to review stock recommendations against individual risk profiles, asset allocation limits, and financial goals before executing trades. · Professionals should track upcoming quarterly financial results and regulatory announcements related to the recommended stocks.

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Bombay High Court Rules That GST Audits May Proceed Despite Registration Cancellation

The Bombay High Court has ruled that authorities can lawfully continue a Goods and Services Tax audit even after a taxpayer's registration has been cancelled. This decision clarifies that administrative oversight and compliance checks persist beyond the termination of an active registration status.

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For professionals: Tax authorities retain the legal power to initiate or continue a Goods and Services Tax audit even after the cancellation of a Goods and Services Tax registration. · Compliance files must be maintained securely for the statutory retention period regardless of whether the business registration status has ended. · Statutory liabilities accrued during active business operations continue to fall within the purview of tax officials to verify historical financial accuracy.

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Goods and Services Tax Appellate Tribunal Rules Excess Stock Needs Evader Intent for Confiscation

The Goods and Services Tax Appellate Tribunal has held that finding estimated excess inventory alone cannot justify goods confiscation under Section 130. Authorities must provide reliable evidence proving that the taxpayer intended to evade tax before ordering such drastic measures.

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For professionals: Review ongoing inventory disputes to challenge arbitrary estimations from visiting officers · Demand tangible proof of evasion intent rather than relying solely on estimated stock differences from audit panchanamas · Advise clients that officials must establish clear and reliable evidence of deliberate intention to evade tax before Section 130 confiscation action

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Union Cabinet Clears Scheme Supporting Domestic Processing Facilities for Critical Minerals

The Union Cabinet has approved a dedicated scheme aimed at boosting the domestic processing of critical minerals. The initiative provides targeted capital expenditure support to help establish and operationalize local processing plants across the country.

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Central bank forms new financial markets committee to study liquidity and infrastructure

The central bank has established a new financial markets committee to evaluate market infrastructure, liquidity conditions, and financial resilience. This panel will examine current practices and recommend improvements to support broader economic growth and stability across the sector.

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For professionals: Monitor upcoming committee announcements, consultative papers, and subsequent regulatory circulars for potential compliance updates. · Review internal liquidity management strategies, assess current exposure to market infrastructure changes, and advise clients to stay prepared for evolving reporting or operational requirements.

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Star Air Reduces Weekly Flight Operations Due to Elevated Aviation Turbine Fuel Expenses

Star Air has decreased its weekly flight frequency in response to high aviation fuel costs. The airline adjusted its operational schedule to manage mounting financial pressures driven by expensive fuel pricing.

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Examining Merchant Fees for Unified Payments Interface and National Payments Corporation of India Pricing

An editorial analysis explores the dynamics of merchant fees within the Unified Payments Interface ecosystem and discusses the pricing governance role of the National Payments Corporation of India. It examines the economic balance required among payment service providers, merchants, and system operators to sustain digital transaction infrastructure.

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Indian Automotive Consumers Become More Selective When Purchasing Passenger Vehicles

Indian consumers are exhibiting increased selectivity when buying automobiles, focusing on specific features and value. This shift is altering traditional purchasing patterns across the domestic passenger vehicle market.

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Dabur India records 11.7 percent net profit increase during the second quarter

Dabur India Limited announced solid financial results for the quarter concluding on 30th September 2026, highlighted by an 11.7 percent growth in net profit. The fast-moving consumer goods enterprise demonstrated resilience across its core operating segments during the period. Management expressed satisfaction with consumer demand trends and operational execution.

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United States Equity Futures Recover as Market Participants Evaluate Democratic Midterm Election Victories

United States stock futures recovered during live trading sessions as market participants evaluated the implications of a Democratic midterm sweep. Investors digested the political shift and its potential impact on upcoming economic policies and legislative priorities.

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SEBI warns that private confidentiality agreements cannot bypass mandatory market disclosures

The market regulator warns that allowing listed entities to evade mandatory disclosures through private confidentiality agreements would seriously damage market transparency. The agency notes that personal data under specific frameworks covers any information linked to an identified or identifiable natural person.

Effective Not specified in the update

For professionals: Finance professionals and compliance officers must review all client contracts to ensure confidentiality provisions do not conflict with mandatory disclosure obligations · Practitioners should watch for further regulatory clarifications on data protection standards and corporate transparency enforcement · Always align corporate confidentiality clauses with statutory disclosure rules

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