RBI Directs Banks To Comply With Updated UN Sanctions List Under UAPA

The Reserve Bank of India (RBI) has directed banks and other regulated entities to take note of the latest amendment to the United Nations Security Council's (UNSC) ISIL (Da'esh) and Al-Qaida Sanctions List. It has asked them to ensure strict compliance with the applicable anti-terror financing requirements.The update follows amendments made by the UNSC to the particulars of one listed individual, requiring banks and other regulated entities to take appropriate action in accordance with the...

Allowing Group Company To Use Part Of Company's Premises Does Not Create Third-Party Rights: Bombay High Court

The Bombay High Court has recently held that permitting another company within the same business group to use part of a company's premises does not amount to induction of a third party merely because money changes hands between the two entities. The court observed that payments between group companies may merely be internal accounting arrangements and do not, by themselves, create a presumption of tenancy or a commercial licence. Justice Sandeep V. Marne dismissed a revision application filed...

Justice Yogesh Khanna Appointed Officiating NCLAT Chairperson

Justice Yogesh Khanna has been appointed as the officiating chairperson of the National Company Law Appellate Tribunal (NCLAT) with effect from 5 July 2026, according to details updated on the tribunal's website. He assumed the role following the retirement of Justice Ashok Bhushan on 4 July 2026. Justice Khanna was appointed as a judicial member of the NCLAT on 19 February 2024. Before joining the tribunal, he served as a permanent judge of the Delhi High Court. He holds a B.Com. (Hons.)...

Taxation Of Virtual Digital Assets Doesn't Subject Crypto Exchanges To Public Law Scrutiny: Delhi High Court

The Delhi High Court has recently held that the taxation of Virtual Digital Assets (VDAs) under the Finance Act, 2022 does not make cryptocurrency exchanges "State" under Article 12 of the Constitution or, by itself, subject them to public law scrutiny.A division bench of Chief Justice Devendra Kumar Upadhyaya and Justice Tejas Karia thus dismissed an appeal filed by users of cryptocurrency exchange platform BitBNS, seeking CBI or SIT probe into the alleged withdrawal restrictions.For context,...

Can Mediation Period Be Excluded While Computing Limitation For Written Statements? Delhi HC Refers Issue To Larger Bench

The Delhi High Court has recently referred to a larger bench the question of whether the time spent in mediation should be excluded while calculating the limitation period for filing a written statement or replication under the Delhi High Court (Original Side) Rules, 2018. Justice Subramonium Prasad observed that conflicting judicial opinions within the high court have created uncertainty on the issue. The court held that an authoritative pronouncement is necessary to avoid conflicting...

Karnataka High Court Upholds Constitutional Validity Of Premium FAR Scheme, Rejects Challenge Over TDR Value

The Karnataka High Court recently upheld the state's Premium Floor Area Ratio (Premium FAR) scheme, rejecting challenges that it unfairly allowed developers to buy additional building rights from the government at the cost of landowners holding Transferable Development Rights (TDRs). A Division Bench of Chief Justice Vibhu Bakhru and Justice C.M. Poonacha dismissed a writ appeal filed by a landowner who had opted for Transferable Development Rights (TDRs) in lieu of monetary compensation for...

California Northern District Court Rejects Uber's Eligibility Challenge To LBT GPS Tracking Patents

The United States District Court for the Northern District of California on 26 June 2026 held that Uber Technologies Inc.'s motion for judgment on the pleadings against LBT IP II LLC could not be sustained, finding that the asserted GPS tracking and location-display patents were not directed to abstract ideas and were patent-eligible. Judge Rita F. Lin rejected Uber's plea to invalidate LBT's patents at the pleadings stage. She held that the claim "involves more than merely gathering data,...

Delhi HC Issues Notice On Former NCLT Legal Research Associate's Plea To Quash Performance Appraisal Report

The Delhi High Court has issued notice on a petition seeking the quashing of an appraisal report issued by the National Company Law Tribunal (NCLT) to a former Legal Research Associate. The petitioner has claimed that he also requires an experience certificate from the tribunal for an RBI recruitment process. Justice Tejas Karia, sitting as a Vacation Judge, issued notice to the NCLT, the Union of India, and the Reserve Bank of India (RBI). The court also granted relief to the petitioner,...

Supreme Court Stays Bombay HC Ruling Holding JSW Steel Not Liable For Sunken Barge Removal Costs

The Supreme Court on Friday stayed a Bombay High Court judgment that had held JSW Steel Ltd was not liable for the costs incurred in removing the wreck of the barge M.V. Satyam from Mumbai harbor. The High Court, in its April 10, 2026 judgment, had directed Mumbai Port Trust (MPT) to refund ₹4.09 crore, comprising the ₹70 lakh deposited by JSW Steel and the accrued interest, within six weeks. A bench of Justices S.V.N. Bhatti and Atul S. Chandurkar issued notice in the matter, while recording...

Kerala Court Refuses To Refer Nivin Pauly's Firm-Magic Frames Dispute Over Two Films To Arbitration

A Munsiff Court at Ernakulam has refused to refer to arbitration a dispute over accounts relating to the films “Ramachandra Boss & Co” and “Malayali From India” between actor Nivin Pauly's production house, Pauly Junior Pictures LLP, and film production company Magic Frames. The court held that the arbitration clause relied on by Magic Frames was not mandatory and did not cover all the disputes raised in the suit. Additional Munsiff Nanda Krishna M passed the order while dismissing an...

Dedicated Ethanol Plants Cannot Be Disadvantaged After Investing Under Procurement Framework: Karnataka High Court

Dedicated ethanol plants that were set up to exclusively supply Oil Marketing Companies and invested substantial sums on the basis of long-term assurances cannot be denied the benefit of that framework without scrutiny, the Karnataka High Court has held. Justice M. Nagaprasanna delivered the ruling while allowing a petition filed by VINP Distilleries and Sugars Pvt. Ltd. against Indian Oil Corporation Ltd., Bharat Petroleum Corporation Ltd. and Hindustan Petroleum Corporation Ltd. The dispute...

Notice Returned As 'Unclaimed' At Correct Address Suffices For Deemed Service: Kerala High Court

A cheque demand notice returned with the postal endorsement "unclaimed" is sufficient to satisfy the statutory requirement of notice in a cheque dishonour case, the Kerala High Court has held. Justice A Badharudeen, allowing an appeal against an acquittal recorded by a magistrate's court in Kozhikode, held that when a demand notice is issued to the drawer's correct address, its return with the endorsement "unclaimed" would amount to deemed acceptance unless the accused proves otherwise. The...