Penalty on IL&FS Financial Services

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Bombay High Court Confirms ₹9.76 Cr Penalty on IL&FS Financial Services: “Equity Cannot Override Statutory Compliance”—Dismisses Challenge to Penalty under Section 31(4) of Maharashtra Stamp Act

Judgment Name: IL&FS Financial Services Ltd. v. State of Maharashtra & Ors. Date of Judgment: 18 June 2025Coram: Justice Jitendra Jain, Bombay High Court Court’s Decision The Bombay High Court…

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Rawlaw June 19, 2025

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