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Vedanta Iron and Steel Limited's subsidiary, ESL Steel Limited, has received Show Cause Notices from the Registrar of Companies regarding various provisions of the Companies Act, 2013, related to key managerial personnel appointments, committee composition, and remuneration disclosures. ESL is currently reviewing these matters and will respond to the adjudicating authority within the required timelines. The company states that this situation is not expected to have a…

Life Insurance Corporation of India has received a demand order for Goods & Service Tax, interest, and penalty from the Additional Commissioner Central GST & Central Excise, Jamshedpur, related to the financial year 2022-23. The total demand amounts to approximately INR 99.09 crore for GST and INR 9.90 crore for penalty, with interest applicable. The corporation states that there is no material impact on its financials, operations, or other activities.

The Hon'ble High Court of Judicature at Madras has set aside a recovery notice and order related to a demand of ₹353.18 crores raised by the Assistant Commissioner (State Tax), Chennai, and remanded the matter for reconsideration. The court has directed that a fresh order be issued within three months after providing a reasonable opportunity for a personal hearing. This development affects the status of the litigation involving the company.

63 Moons Technologies Limited has received a court order allowing one of its applications related to a Scheme of Arrangement between NSEL and specified creditors for a one-time settlement. The MPID Court in Mumbai has ordered the cancellation of asset attachments under a previous notification, subject to certain conditions. The company is in the process of obtaining further orders to execute the scheme.