Court Halts Tax Debt Relief Scheme that Impersonated Federal Agencies – The Presidential Prayer Team

FTC action targets operators accused of misleading consumers with false government claims. A federal court has temporarily stopped the operations of American Tax Service (ATS) and several affiliated entities following a Federal Trade Commission (FTC) complaint alleging deceptive tax debt relief practices. The FTC accused ATS, its operators, and associated companies of impersonating federal agencies—including…

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Supreme Court Backs Byju’s, rejects US Lender Glas Trust’s Plea against NCLT’s Order on Aakash’s Equity Rights Issue

In a recent ruling, the Supreme Court of India has dismissed appeals filed by US-based lender GLAS Trust Company LLC and the Insolvency Resolution Professional of Byju’s, upholding an NCLAT order that permitted Aakash Educational Services Ltd. to proceed with its proposed rights issue of equity shares. The appeals challenged the NCLAT, Chennai Bench’s order…