Supreme Court to Review Rs.330 Bn Income Tax Claim on Jaypee Infratech

19 Apr 2024 CW Team

The Supreme Court has announced its decision to examine the validity of a staggering ?330 billion income tax claim on Jaypee Infratech. This move underscores the judicial scrutiny surrounding the financial affairs of the real estate company, which has been grappling with insolvency proceedings.

The apex court's decision to review the hefty income tax demand highlights the complexities and legal challenges faced by Jaypee Infratech amid its ongoing insolvency resolution process. The outcome of this review will have significant implications for the company's financial restructuring and its ability to emerge from insolvency.

The scrutiny of the income tax claim by the Supreme Court reflects the importance of upholding legal principles and ensuring fairness in taxation matters. The court's intervention is expected to provide clarity on the legitimacy of the tax demand and its impact on Jaypee Infratech's financial position.

The outcome of the Supreme Court's examination will also have broader implications for the real estate sector and the resolution of distressed assets. It will set a precedent for how income tax claims are treated in insolvency proceedings and influence the approach of stakeholders involved in similar cases.

As Jaypee Infratech navigates through the legal and financial complexities, the Supreme Court's review of the hefty income tax claim underscores the need for a balanced and equitable resolution that protects the interests of all parties involved. The outcome of this case will shape the future trajectory of the company and have ramifications for the broader real estate industry.

Infrastructure Transport

17 Oct 2025

Sonowal Unveils Eight Projects at NMPA’s Golden Jubilee

Union Minister for Ports, Shipping and Waterways, Shri Sarbananda Sonowal, inaugurated the Curtain Raiser Ceremony of the Golden Jubilee Celebrations of the New Mangalore Port Authority (NMPA) at Bharat Mandapam. To commemorate the milestone, he unveiled eight major maritime infrastructure projects designed to strengthen India’s port network, enhance logistics performance, and promote sustainability. These include a modern cruise terminal, new covered storage facilities, a 150-bed multi-speciality hospital, expanded truck terminals, and improved port access infrastructure aimed at enhancing..

India To Boost US LPG Imports, Cut Middle East Reliance

India is planning to reduce imports of liquefied petroleum gas (LPG) from the Middle East as state-owned refiners prepare to ramp up purchases from the United States, according to sources familiar with the matter. The move aligns with New Delhi’s efforts to expand energy cooperation and secure a broader trade deal with Washington. State refiners have already notified their traditional LPG suppliers in Saudi Arabia, the United Arab Emirates, Kuwait and Qatar of the potential reduction in imports. Although the exact size of the supply cut was not disclosed, earlier reports suggested that Indi..

UK Sanctions Nayara Energy in Crackdown on Russian Oil

The United Kingdom has announced fresh sanctions on 90 entities, including Indian refiner Nayara Energy Limited, in its latest bid to curb Russian oil revenues and weaken President Vladimir Putin’s war funding. The sanctions, unveiled jointly by the Foreign, Commonwealth and Development Office (FCDO) and the UK Treasury, aim to disrupt networks supporting Moscow’s crude exports amid the ongoing war in Ukraine. According to the FCDO, the new restrictions are intended to “strike at the heart of Putin’s war funding” by targeting firms and assets that enable Russia’s energy trade. “..