ED Alleges Gameskraft Used BOTs to Manipulate Online Rummy Games; ₹526 Crore Assets Frozen, Directors Arrested Under PMLA
The Directorate of Enforcement (ED), Bengaluru Zonal Office, in a press release dated May 14, 2026, said that it has conducted search and seizure...
![Non-Availability of DRAT Chairperson Cannot Defeat Restoration Plea: Bombay HC Grants Temporary Relief Against Secured Asset [Read Order]](https://images.taxscan.in/h-upload/2026/05/16/2137170-drat-chairperson-bombay-hc-grants-temporary-relief-taxscan.webp "Non-Availability of DRAT Chairperson Cannot Defeat Restoration Plea: Bombay HC Grants Temporary Relief Against Secured Asset [Read Order]")
Khajna Receipts & Municipal Tax Records Sufficient to Establish Better Title: Calcutta HC Dismisses Eviction Appeal [Read Order]
The Calcutta High Court, in dismissed a second appeal challenging an eviction decree passed against the appellants, who were deemed licensees, holding that khajna receipts & municipal tax...
Gratuity Rules Approved by Income Tax Commissioner Prevail Over HR Manual: Calcutta HC Dismisses Plea for Higher Death Gratuity [Read Order]
The Calcutta High Court dismissed an appeal challenging the rejection of her claim for higher death gratuity, holding that gratuity rules approved by the Income Tax Commissioner prevail over the HR ...
RBI Cancels Licence of Sarvodaya Co-operative Bank: 98% Depositors Secured Under ₹5 Lakh Insurance [Read Notification]
TheReserve Bank of India (RBI) has cancelled the licence of Sarvodaya Co-operative Bank Ltd., Mumbai, with immediate effect, citing weak financial health and regulatory non-compliance. The order,...
![RBI Cancels Licence of Sarvodaya Co-operative Bank: 98% Depositors Secured Under ₹5 Lakh Insurance [Read Notification]](https://images.taxscan.in/h-upload/2026/05/15/2137096-rbi-cancels-sarvodaya-co-operative-bank-depositors-insurance-taxscan.webp "RBI Cancels Licence of Sarvodaya Co-operative Bank: 98% Depositors Secured Under ₹5 Lakh Insurance [Read Notification]")
Simultaneous CIRP Proceedings Against Principal Debtor and Corporate Guarantor are Maintainable: Supreme Court rules in favour of ICICI Bank [Read Judgement]
The Supreme Court of India, while deciding a batch of appeals involving ICICI Bank and SBI, held that simultaneous Corporate Insolvency Resolution Process (CIRP) proceedings against a principal...
![Simultaneous CIRP Proceedings Against Principal Debtor and Corporate Guarantor are Maintainable: Supreme Court rules in favour of ICICI Bank [Read Judgement]](https://images.taxscan.in/h-upload/2026/05/15/2137104-simultaneous-cirp-proceedings-principal-debtor-corporate-guarantor-supreme-court-icici-bank-taxscan.webp "Simultaneous CIRP Proceedings Against Principal Debtor and Corporate Guarantor are Maintainable: Supreme Court rules in favour of ICICI Bank [Read Judgement]")
Patna HC Notes Road Project Stalled by Land Blocks, Rules Govt Must Decide Contractor’s Claims in 6 Weeks [Read Order]
The Patna High Court has directed the Bihar Road Construction Department to resolve within six weeks the pending representations of Construction Company, whose ₹ 5.55 km road‑widening project...
![Patna HC Notes Road Project Stalled by Land Blocks, Rules Govt Must Decide Contractor’s Claims in 6 Weeks [Read Order]](https://images.taxscan.in/h-upload/2026/05/15/2137086-patna-hc-patna-high-court-road-project-case-bihar-road-project-stalled-land-acquisition-dispute-contractor-claims.webp "Patna HC Notes Road Project Stalled by Land Blocks, Rules Govt Must Decide Contractor’s Claims in 6 Weeks [Read Order]")
![DGFT Extends Validity of Ad-Hoc Norms for Advance Authorisations to March 2028 [Read Notification]](https://images.taxscan.in/h-upload/2026/05/15/2137065-dgft-extends-validity-of-ad-hoc-norms-advance-authorisations-march-2028-taxscan.webp "DGFT Extends Validity of Ad-Hoc Norms for Advance Authorisations to March 2028 [Read Notification]")
