Bombay High Court Condemns Skoda VW’s Argument Against USD 1.4 Billion Customs Notice

Bombay High Court Condemns Skoda VW’s Argument Against USD 1.4 Billion Customs Notice The matter will be heard on Tuesday The Bombay High Court has expressed prime facie dissatisfaction with Skoda Auto Volkswagen India’s arguments against a USD 1.4 billion notice from the Customs Department. The division bench of Justice BP Colabawalla and Justice Firdosh

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RBI Revises Norms For Urban Co-operative Banks For Larger Operational Freedom

RBI Revises Norms For Urban Co-operative Banks For Larger Operational Freedom It will enhance flexibility without compromising regulatory objectives The Reserve Bank of India (RBI) has said that the aggregate limit of Urban Co-operative Banks to residential mortgages (housing loans to individuals) should not exceed 25 percent of their total loans and advances. This means,

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NCLT Accepts Shailendra Ajmera As Byju’s RP

NCLT Accepts Shailendra Ajmera As Byju’s RP Replaces Pankaj Shrivastava as the firm undergoes insolvency A two-member Bengaluru bench of the National Company Law Tribunal (NCLT) has approved the appointment of Byju’s resolution professional (RP) Shailendra Ajmera. Earlier, the tribunal directed the Insolvency & Bankruptcy Board of India (IBBI) to conduct an inquiry against Srivastava,

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CIRP Amendment Regulations 2025: Streamlining Resolution Processes And Protecting Homebuyer Interests

CIRP Amendment Regulations 2025: Streamlining Resolution Processes and Protecting Homebuyer Interests As of December 2024, insolvencies in the real estate sector accounted for approximately 22% of admitted cases under the Insolvency and Bankruptcy Code, 2016 (“IBC”), making it second only to the manufacturing sector that accounted for 37% of admitted cases.1 The high volume of

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Beyond the Judgement: Examining Mandatory Prior CCI Approval in Insolvency Through a Global Lens

[Purava Rathi and Disha Kothawade are 4th year B.A.LL.B. (Hons.) students at National Law Institute University, Bhopal (NLIU)] The recent Supreme Court ruling in Independent Sugar Corporation Ltd. v. Girish Sriram Juneja and Others (29 January 2025) has settled the legal position that approval from the Competition Commission of India (CCI) must be obtained prior to

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