Kerala High Court Declines To Stay Lakshya IPO, Cites Alternate Remedy Before SAT

The Kerala High Court on Thursday declined to stay the proposed Initial Public Offering (IPO) of Learnfluence Education Limited, the company operating the Lakshya Indian Institute of Commerce coaching platform. The Court held that the former promoter challenging the issue has an alternative statutory remedy before the Securities Appellate Tribunal (SAT). Justice Harishankar V. Menon passed the order on a writ petition filed by Adheesh Damodaran, a co-founder of Lakshya CA Campus and...

Minority Opinion Awarding Lesser Amounts Does Not Invalidate Majority Arbitral Award: Madras High Court

The Madras High Court has held that a majority arbitral award does not become invalid merely because a dissenting arbitrator awarded lesser amounts. The court dismissed a challenge by the Chennai Metropolitan Water Supply and Sewerage Board to an award in favour of SPML Infra Limited arising out of a Chennai sewerage pipeline project. A division bench of Justices P. Velmurugan and K. Govindarajan Thilakavadi observed: "The Tribunal consisted of three Arbitrators and the impugned Award is a...

Bombay High Court Refers ₹18.58 Crore Construction Dues Dispute Against Piramal Sunteck Realty To Mediation

The Bombay High Court has referred a ₹18.58 crore construction dues dispute between Oram Realty Pvt Ltd and Piramal Sunteck Realty Pvt Ltd arising out of civil works executed at the Signia Waterfront project in Airoli, Navi Mumbai, to mediation. The court held that the plaintiff failed to establish urgency for bypassing the mandatory pre-institution mediation requirement under Section 12A of the Commercial Courts Act. Justice Milind N. Jadhav directed the parties to explore mediation while...

Bombay High Court Imposes ₹2 Lakh Costs On L&T Entities Over Suit Challenging Removal As Mumbai Slum Developer

The Bombay High Court has recently imposed costs of ₹2 lakh each on L&T Asian Realty Project LLP and L&T Realty Limited, along with three other applicants, after holding that their pleas seeking rejection of a commercial suit unnecessarily delayed the proceedings and defeated the objective of speedy disposal of commercial disputes. Justice Gauri Godse dismissed the applications filed by the L&T entities, Shiv Infra Vision Pvt Ltd, Portsmouth Buildcon Pvt Ltd and the Chief Executive...

'Economic Decision, Not A Criminal Offence': Delhi HC Quashes FIR, ED Case Against NewsClick, Founder Over Foreign Funding

The Delhi High Court has recently quashed an FIR registered against digital media platform NewsClick and its founder, Prabir Purkayastha, along with the Enforcement Directorate's money laundering case, holding that the allegations failed to disclose offences of cheating or criminal breach of trust. Justice Neena Bansal Krishna observed that the basic ingredients of the offences were absent. The court held: "Even if all the allegations are accepted, no offence under 406 or 420 IPC is disclosed...

Delhi High Court Denies Bail To Former Reliance Power CFO Ashok Kumar Pal In ₹68.20 Crore PMLA Case

The Delhi High Court on Wednesday denied regular bail to Ashok Kumar Pal, former Chief Financial Officer of Reliance Power Ltd and authorised signatory of Reliance NU BESS Ltd. The case arises from the alleged submission of forged bank guarantees worth ₹68.20 crore for a Solar Energy Corporation of India (SECI) battery storage project. Justice Madhu Jain held that the material relied upon by the Enforcement Directorate, including statements, documents, and electronic communications, could not...

Plea In Delhi High Court Alleges NCLAT E-Filing Glitches Hampering Appeal Against CCI's Rapido Order

The Delhi High Court on Wednesday heard a petition alleging that repeated non-speaking defect notices issued by the National Company Law Appellate Tribunal (NCLAT) Registry and technical glitches in its e-filing portal were obstructing the petitioner's statutory right to pursue an appeal. The appeal,filed by Vedansh Pandey, challenges a Competition Commission of India (CCI) order that closed his complaint against Rapido over alleged permit violations in Uttarakhand.During the hearing,...

'Bare Possibility Of Confusion' Enough In Pharma Marks: Bombay High Court Restrains Use Of 'ACIPROX'

The Bombay High Court has granted an interim injunction in favor of Alkem Laboratories. It has restrained Numen Pharma Private Limited from manufacturing, selling, or marketing pharmaceutical products under the trademark 'ACIPROX', holding it to be phonetically similar to Alkem's registered mark 'ALCIPRO'. Justice Sharmila U. Deshmukh, on June 8, 2026, made absolute the interim application filed by Alkem. The court observed that the company had made out a prima facie case for both trademark...

Karnataka High Court Rejects Trademark Suit After Finding Reliefs Were Undervalued To Avoid Commercial Court

The Karnataka High Court has rejected a trademark infringement and passing-off suit filed by a Raichur-based rice trader after holding that the plaintiff had deliberately undervalued the suit reliefs and instituted the dispute before a civil court instead of the commercial court.Justice Ravi V Hosmani passed the order on June 1 while allowing a revision petition filed by Shri Prasanna Anjaneya Agrotech and setting aside an order of the XVIII Additional City Civil and Sessions Judge, Bengaluru,...

BOCW Cess Dispute Not Arbitrable, Must Be Decided Under Statutory Mechanism: Chhattisgarh High Court

The Chhattisgarh High Court on 13 May, refused to appoint an arbitrator in a dispute between SK Samanta and Co. (P) Ltd. and South Eastern Coalfields Ltd. (SECL), holding that issues relating to statutory cess under the Building and Other Construction Workers' Welfare Cess Act, 1996 (BOCW Cess Act) are non-arbitrable. Chief Justice Ramesh Sinha held that the dispute arose from statutory levy and not a purely contractual arrangement, and therefore did not fall within the scope of arbitration...

Karnataka High Court Remands Trademark Suit, Sets Aside Return Of Plaint For Non-Examination Of Specified Value

The Karnataka High Court has recently set aside an order returning a trademark infringement suit to a civil court. It held that the Commercial Court had failed to examine the value of the plaintiff's claimed trademark rights before concluding that it lacked pecuniary jurisdiction. Justice Tara Vitasta Ganju observed that the Commercial Court had not independently assessed the value of the rights asserted by Sarathi International Inc. The court noted that Sarathi International had taken...

GST Registration Can Be Restored On Filing Pending Returns, Clearing Dues Under Rule 22(4): Gauhati HC

The Gauhati High Court on 1 June held that a taxpayer whose GST registration has been cancelled for non-filing of returns can seek restoration of registration by furnishing pending returns and clearing tax dues, interest, penalty and late fees in terms of the proviso to Rule 22(4) of the CGST Rules, 2017. A Bench of Justice Kardak Ete disposed of the petition filed by Md. Nekib Hussain, proprietor of Nekib Hussain, who challenged the cancellation of his GST registration and sought restoration...