CCI: Allows Continuum Energy to acquire shareholding in Continuum Green Energy Holdings

CCI: Approves BCP Asia II Holdco VII’s acquisition of 80.15% stake in Aadhar Housing

DGFT clarifies on EODC redemption criteria for Advance Authorisations impacted by erstwhile Rule 96(10)

HC: HC: Assessment in deceased Assessee's name valid against legal heirs; Rejects jurisdiction/limitation plea

• In Favour of Revenue
• Citation Number : TS-1485-HC-2025(MAD)

Delhi HC to ascertain if DJB qualifies as ‘local-authority’, enabling contractors to charge concessional-rate

NCLT: Sanctions merger of Suzuki Motor Gujarat with Maruti Suzuki India

SC to examine validity of circulars overriding Sec. 6(2)(b) that bars parallel GST proceedings

ITAT: No unbridled power with AO to make de novo variation in final order, not proposed in draft assessment

• In Favour of Assessee
• Citation Number : TS-1484-ITAT-2025(DEL)

NCLAT: NCLT doesn't possess 'residual', 'overarching' jurisdiction to adjudicate contractual disputes arising independently of insolvency

HC: Allows filing of appeal noting Department’s ignorance of Assessee’s reply bearing acknowledgement seal

• In Favour of Petitioner
• Citation Number : TS-921-HC(DEL)-2025-GST

HC: Non-updation of bank-account details not ‘grave’, registration cancellation on that account invalid

• In Favour of Petitioner
• Citation Number : TS-920-HC(TEL)-2025-GST

HC: Tribunal exceeded jurisdiction for sustaining Sec. 263 order on new grounds not raised by CIT(E)

• In Favour of Assessee
• Citation Number : TS-1483-HC-2025(KER)

SEBI: Levies Rs. 30 lakh penalty on Co., Directors for non-compliance with corporate governance norms

SEBI: Issues Informal Guidance clarifying treatment of pledging, un-pledging of shares under Insider Trading Regulations

SAT: Rejects real estate Co.'s appeal against BSE's refusal to fully waive LODR non-compliance penalty

SAT: Quashes Rs. 67 cr. SEBI penalty on Co.'s MD in fraudulent GDR issuance case

SC stays Rs. 123 crore GST notice to Baazi Games, citing pending Gameskraft judgment

Hinduja Global assails GAAR panel order on de-merger, files writ

ITAT: Membership fee payments to society is not transfer consideration for capital gains; Deletes Sec. 50C addition

• In Favour of Assessee
• Citation Number : TS-1482-ITAT-2025(Mum)

IBC Round-Up - October, 2025