IBBI fines Resolution Professional Pankaj Majithia for failing to secure assets, seek NCLT approval, and ensure a transparent auction. A review of the order.
IRDAI imposes a Rs. 1 crore penalty on Edelweiss Life Insurance for corporate governance and outsourcing regulation violations after an inspection.
IBBI dismisses appeals seeking opinions on IBC provisions for CIRP projects and home buyer rights, stating RTI does not cover legal advice.
Regional Director sets aside penalty on Mr. Gangadharappa Munidra Kumar, former director of Eaglesight Media, for Section 12(1) Companies Act violation, citing his 2014 resignation.
CBDT has designated DGIT (Systems) as the authority to share income tax return filing status and income level data with the Ministry of Petroleum & Natural Gas, based on Aadhaar/PAN, to support its initiatives.
IBBI dismissed an RTI appeal on June 16, 2025, citing that requested internal records were either already shared or not held as per RTI Act provisions.
IBBI’s First Appellate Authority upholds CPIO’s denial of RTI request on DHFL fixed deposits, stating queries sought opinions/grievance redressal, not ‘information’.
CBDT outlines parameters for compulsory income tax scrutiny for FY 2025-26, including survey, search & seizure cases, registration cancellations, recurring additions, and specific tax evasion information.
ECS option is now available for MSSC withdrawals via Finacle, along with cash, POSA credit, and Postmaster Cheque modes. Update issued by Dept of Posts.
IBBI has suspended Insolvency Professional Arvind Kumar for two years due to non-cooperation with investigations and alleged contraventions in CIRP
