Supreme Court Appoints Justice L. Nageswara Rao To Mediate Kalyani Family Dispute

The Supreme Court on Monday appointed former Supreme Court judge Justice L. Nageswara Rao to explore the possibility of an amicable settlement in the long-running property dispute between industrialist Babasaheb Neelkanth Kalyani and his sister Sugandha Hiremath. It also directed that proceedings on Babasaheb Kalyani's application seeking rejection of the suit before the Bombay High Court shall remain deferred until the mediation process concludes. The order comes over two months after the...

Bombay High Court Sets Aside Order Rejecting Naresh Goyal's Objections In Income Tax Reassessment

The Bombay High Court has recently set aside an order rejecting former Jet Airways chairman Naresh Goyal's objections to the reopening of his income tax assessment for the Assessment Year 2014-15. It directed the Assessing Officer to reconsider the objections after taking into account Goyal's March 8, 2022 letter and the annexures explaining the source of funds used to acquire Jet Airways (India) Ltd. shares. A division bench of Justice B.P. Colabawalla and Justice Firdosh P. Pooniwalla held...

Telangana HC Restores DBS Technology Services' Tax Deduction Claim, Says Technical Lapse Cannot Prevail

The Telangana High Court on 3 July held that the Income Tax Department cannot reject a genuine claim for deduction on the sole ground of a technical or procedural lapse if the taxpayer is otherwise entitled to the benefit. A Division Bench of Justices P. Sam Koshy and Suddala Chalapathi Rao set aside the order rejecting the deduction claimed by DBS Technology Services India Private Limited and directed the Assessing Officer to reconsider the company's claim in accordance with law. The judges...

Supreme Court Seeks Reply On SEBI's Appeal Against SAT Ruling In Bombay Dyeing-SCAL Services Case

The Supreme Court on Monday observed that the Securities Appellate Tribunal's 2:1 verdict setting aside SEBI's orders against Bombay Dyeing and SCAL Services shall not operate as a precedent in similar matters before the Tribunal, while hearing an appeal filed by the Securities and Exchange Board of India (SEBI).The majority judgment had, among other things, held that the Companies Act would prevail over the Accounting Standards in determining whether SCAL was an associate company, and...

Telangana High Court Dismisses Plea To Enforce €247.61 Million Arbitral Award Against RUSAL And Subsidiaries

The Telangana High Court has recently dismissed an execution petition filed by German company OWH SE i.L. seeking enforcement of London Court of International Arbitration (LCIA) awards against Russian aluminium producer United Company RUSAL International P.J.S.C. (RUSAL) and its subsidiaries. The court held that it lacked territorial jurisdiction to entertain the petition.The court stayed the operation of its judgment until June 2, 2026, to enable OWH to prefer an appeal.While doing so, Justice...

Arbitration Act Interim Relief Cannot Be Used To Stay Debarment Based On Administrative Power: Delhi High Court

The Delhi High Court has recently held that interim relief under the Arbitration Act cannot be used to stay a debarment order where the authority's power to debar is derived from an independent statutory or administrative framework rather than the contract between the parties. Justice Harish Vaidyanathan Shankar dismissed NCC Limited's petition seeking a stay on an Airports Authority of India (AAI) order debarring it from participating in AAI's future tenders for two years. The Court observed,...

Delhi HC Directs Reddit To Disclose Details Of Anonymous User Behind Samsung Galaxy S26 'Blast In The Box' Post

The Delhi High Court has directed Reddit to furnish the available particulars of the anonymous account behind a post titled "Samsung Galaxy S26 blast in the box" within three days. The court did not pass any immediate direction for removal of the post. Justice Anup Jairam Bhambhani was hearing Samsung Electronics Co. Ltd.'s application seeking an interim injunction against an account operating as "Techtalkwithmalik", besides directions to Reddit and Instagram to take down posts alleging that...

Delhi High Court Restrains Former Geetanjali Franchisee From Using 'GEETANJALI' Trademarks

The Delhi High Court has granted an ex parte ad-interim injunction restraining a former franchisee of Geetanjali Salon Private Limited from using the trademarks "GEETANJALI" and "GEETANJALI STUDIO". The court prima facie found that the salon continued to operate under the brand even after its franchise agreement was terminated. Justice Anup Jairam Bhambhani observed that Geetanjali Salon had made out a prima facie case for interim protection. "Despite termination of the franchisee agreement by...

Corporate Guarantee Cannot Replace Unconditional Bank Guarantee Agreed Between Parties: Bombay High Court

The Bombay High Court has recently held that a corporate guarantee cannot replace an unconditional bank guarantee agreed between commercial parties merely because a party is willing to furnish one, observing that the two provide different degrees of security. Granting interim relief to Oil and Natural Gas Corporation Ltd. (ONGC), Justice Amit Borkar directed Afcons Gunanusa Joint Venture to renew and continue unconditional bank guarantees worth USD 29.91 million, EUR 4.55 million and ₹22.09...

Merely Obtaining Municipal Approvals Does Not Establish Developer's Readiness To Perform Contract: Bombay HC

The Bombay High Court has refused to grant interim relief to Jaycee Homes Private Limited in its plea to restrain Kurla Moon Rock Municipal Employee Cooperative Housing Society Ltd. from appointing another developer and to appoint a Court Receiver over the society's property. It held that obtaining municipal approvals under a registered development agreement, by itself, does not establish that a developer was ready and willing to perform its contractual obligations. Justice Amit Borkar...

Bombay High Court Declines Urgent Relief In Phantom Studios' Suit Against JioStar Over 'Queen' Remake

The Bombay High Court has declined to grant urgent ad-interim relief to Phantom Studios India Private Limited in its suit against JioStar India Private Limited over the film Queen Forever, which Phantom alleges is an unauthorised sequel to the 2014 film Queen made in breach of the parties' co-production and intellectual property arrangements.Justice Gauri Godse was hearing an interim application filed by Phantom Studios in its suit claiming 50 per cent joint ownership of intellectual property...

Intended Business Use Of Office Premises Does Not Make Dispute Commercial: Bombay High Court

The Bombay High Court has recently reiterated that merely intending to use office premises for business is insufficient to bring a dispute within the jurisdiction of a Commercial Court. It ruled that the Commercial Courts Act requires the immovable property to have been actually used exclusively in trade or commerce and not merely intended or proposed to be so used. Justice N.J. Jamadar observed, “Indeed, the Commercial Courts Act,2015 does not define the expression “trade” or “commerce”....