Bombay High Court Dismisses Nusli Wadia, Raheja Challenge to Deemed Conveyance of Malad Land to IJMIMA Society

The Bombay High Court has dismissed three writ petitions filed by industrialist Nusli Neville Wadia, in his capacity as Administrator of the Estate of Late E.F. Dinshaw, along with Radhakrishna Properties Pvt. Ltd. and Ivory Properties and Hotels Pvt. Ltd. The petitions challenged an order dated August 29, 2022 granting unilateral deemed conveyance in favour of the Ijimima Imitation Jewellery Market Co-operative Society.Justice Amit Borkar upheld the order passed by the District Deputy Registrar...

Forcing Company Secretary To Continue In Service After Resignation Is 'Bonded Labour': Kerala High Court

The Kerala High Court has recently observed that financial issues or financial emergency cannot be a reason to force a Company Secretary to work for an incorporated Company against his will and without his consent. The court further observed that if the employer refuses to accept resignation of an employee, it would amount to bonded labour prohibited under Article 23 of the Constitution of India. Justice N Nagaresh allowed writ petitions filed by Greevas Job Panakkal, Company Secretary of...

Offering Flat Possession To Homebuyers Without Occupancy Certificate Is Deficiency In Service: Supreme Court

The Supreme Court on Friday affirmed that developers cannot compel homebuyers to accept possession of flats without obtaining the requisite Occupancy Certificate (OC), ruling that such failure constitutes a “deficiency in service” under the Consumer Protection Act, 1986. A bench of Justices B.V. Nagarathna and R. Mahadevan dismissed appeals filed by Parsvnath Developers Ltd challenging orders of the National Consumer Disputes Redressal Commission (NCDRC). The dispute arose from consumer...

Supreme Court Dismisses JSW Steel's Plea Against ₹127.66 Crore Recovery in Bomman Iron Ore Lease Dispute

The Supreme Court on Thursday dismissed a Special Leave Petition filed by JSW Steel Limited challenging a Karnataka High Court order that had refused to restrain recovery of Rs 127.66 crore and invocation of its bank guarantees over alleged non-compliance with minimum production requirements under the Bomman Iron Ore Mining Lease.A bench comprising the Chief Justice Surya Kant, Justice Joymalya Bagchi and Justice Vipul M Pancholi declined to interfere with the High Court's order. “We see no...

Rajasthan High Court Declines Writ In Janani Express Contract Dispute, Cites Agreed Dispute Resolution Mechanism

The Rajasthan High Court has declined to entertain a writ petition filed by Modern Emergency Services JV Pvt. Ltd. over its Janani Express contract with the State.The company had sought a six-month extension of its service agreement. It had also sought reimbursement for 350 newly procured ambulances. In addition, it challenged Clause 6.4(35) of a fresh Request for Proposal issued on November 26, 2025. Justice Maneesh Sharma held that the principal grievances arise out of a commercial contract....

Supreme Court Grants Bail In Alleged Online Investment Fraud Case

The Supreme Court on Monday granted bail to Paramjit Kharb in a case arising out of an alleged online investment fraud involving the use of bank accounts opened in the name of “R.S. Trading,” holding that “the case for bail is made out.” A Bench of Justice B.V. Nagarathna and Justice Ujjal Bhuyan allowed the appeal challenging the Delhi High Court's order refusing regular bail. The Court observed, “Considering the facts on record, in our view, the case for bail is made out,” and directed that...

Telangana High Court Restrains Ex Karix Mobile Employees From Sharing Trade Secrets With Competitor

Holding that the sudden loss of a major client gave rise to an “unshakable inference” of breach of confidence, the Telangana High Court has set aside a trial court order and granted interim protection to Karix Mobile Private Limited against its former senior employees who joined competitor OneXtel Limited. A Division Bench of Justice Moushumi Bhattacharya and Justice Gadi Praveen Kumar allowed the appeal and overturned the October 6, 2025 order of the trial court, which had rejected Karix's...

Bombay High Court Upholds NMC Regulation Allowing Only Non-Profit Companies To Set Up Medical Colleges

The Bombay High Court at Aurangabad recently upheld Regulation 6 of the Establishment of Medical Institutions, Assessment and Rating Regulations, 2023, which allows only non-profit companies to establish new medical colleges and hospitals. A division bench of Justices Sandipkumar C. More and Abasaheb D. Shinde held that the rule is a valid exercise of regulatory power and is consistent with the National Medical Commission Act, 2019. The regulations were framed by the National Medical...

Managing Director Liable For Dishonoured Company Cheques Where He Ran Its Day-to-Day Affairs: Kerala High Court

A Managing Director who was in charge of a company's day-to-day affairs and who signed its cheques can be held vicariously liable for cheque dishonour, the Kerala High Court has held, dismissing a revision plea by a company's former head. Justice M.B. Snehalatha upheld the conviction of V.J. Joseph, the former Managing Director of J and A Foundations Pvt. Ltd., in a cheque dishonour case under Section 138 of the Negotiable Instruments Act. It involved three cheques issued by the company. The...

Mere Renting Of Residential Flat Does Not Take Away Buyer's Consumer Rights: Supreme Court

The Supreme Court of India has clarified that the mere act of leasing or renting out a residential flat does not by itself take a homebuyer outside the protection of consumer law. The Court ruled that a buyer can be excluded from the definition of “consumer” only if it is established that the dominant purpose of purchasing the flat was commercial in nature. The ruling arose from a dispute relating to a residential project in Gurugram. A Bench of Justices Prashant Kumar Mishra and N.V....

Budget 2026-27: Centre Proposes ISM 2.0, Higher Electronics Outlay, Rare Earth Corridors, And Chemical Parks

Presenting the Union Budget 2026, the Centre announced a renewed push to manufacturing and industrial policy, including a new phase of the semiconductor mission, enhanced support for electronics manufacturing, rare earth processing and domestic chemical production. On the semiconductor sector, Finance Minister Nirmala Sitharaman said that India's Semiconductor Mission 1.0 had expanded domestic capabilities. “Building on this, we will launch ISM 2.0 to produce equipment and materials, design...

Budget Proposes Hike In Securities Transaction Tax On Futures And Options

The Union Budget 2026–27 on Sunday proposed an increase in Securities Transaction Tax (STT) on futures and options trades.Presenting the Budget, Finance Minister Nirmala Sitharaman announced higher STT rates for derivative transactions. “I propose to raise the STT on Futures to 0.05 per cent from the present 0.02 per cent,” she said. The Finance Minister also proposed a hike in STT on options. “STT on options premium and exercise of options are both proposed to be raised to 0.15 per cent from...