Supreme Court Refuses To Interfere With Relief To Karnataka Bank In HTM Investment Income Tax Dispute

The Supreme Court on Monday declined to interfere with Karnataka Bank Ltd's tax relief in a dispute over deduction for diminution in the value of its held-to-maturity (HTM) investments, which are securities that banks buy with the intention of holding until maturity rather than trading. A Bench of Justices Manoj Misra and Manmohan dismissed the Revenue's special leave petition against the Karnataka High Court's August 2025 judgment that had upheld relief granted to the bank. “We do not find a...

Delhi High Court Protects IndiGo From Coercive Action In ₹458 Crore GST Dispute

The Delhi High Court on Friday protected InterGlobe Aviation, which operates India's largest airline IndiGo, from coercive action over a ₹458.26 crore goods and services tax (GST) demand linked to compensation received from a foreign engine supplier. A division bench of Justices Nitin Wasudeo Sambre and Ajay Digpaul issued notice to the GST department and granted interim protection to the airline after observing that, prima facie, the amount received by IndiGo appeared to be “compensation”, and...

RERA Appeal Remedy Cannot Be Bypassed To Avoid Pre-Deposit Requirement: Punjab and Haryana High Court

The Punjab and Haryana High Court recently refused to entertain a real estate developer's challenge to a Haryana RERA refund order, holding that a promoter/developer cannot bypass the statutory appellate remedy merely to avoid the pre-deposit requirement. A Division Bench of Justice Suvir Sehgal and Justice Vikas Suri was hearing a petition filed by Advance India Projects Limited against a Haryana Real Estate Regulatory Authority order directing it to refund over ₹1.02 crore to two allottees in...

Extension Without Liquidated Damages Does Not Bar Damages Or Bank Guarantee Invocation: Delhi HC

The Delhi High Court on 25 May held that extension of time without levy of liquidated damages does not, by itself, prevent a party from later invoking contractual remedies, including liquidated damages and enforcement of an unconditional bank guarantee, where disputes relating to delay and termination require arbitral adjudication. A Bench of Justice Mini Pushkarna declined relief to Kalpataru Projects International Limited and refused to grant interim protection under Section 9 of the...

Delhi HC Sets Aside ₹55 Lakh Arbitral Award To Budhiraja Electricals, Rejects Clause 10CC-Based Damages

The Delhi High Court on 22 May set aside arbitral awards granting Rs. 38.96 lakh towards escalation and Rs. 16.23 lakh towards loss of profits to Budhiraja Electricals in its dispute with the Public Works Department, Government of NCT of Delhi. Justice Harish Vaidyanathan Shankar held that an arbitral tribunal cannot use Clause 10CC of the General Conditions of Contract as a substitute for proof of actual loss once it finds the clause inapplicable to the extended period, and reiterated that...

High Courts' Supervisory Jurisdiction In Arbitration Falls Within 'Razor-Thin Compass': Delhi High Court

The Delhi High Court has held that its power to interfere in arbitral proceedings is confined to a “razor-thin compass,” refusing to interfere with an arbitral tribunal's rejection of Sunil Walia's jurisdictional objections in a partnership dispute involving Jason Enterprises. Justice Purushaindra Kumar Kaurav observed that judicial intervention in arbitral matters must remain exceptional. “At the outset, it may be observed that there is no absolute bar on the exercise of jurisdiction under...

Himachal Pradesh HC Quashes Cheque Bounce Case Against Society Signatory, Directs Society Impleadment

The Himachal Pradesh High Court has held that an authorised signatory of a society cannot be prosecuted under Section 138 of the Negotiable Instruments Act for dishonour of a cheque issued from the society's account unless the society itself is arraigned as an accused. Justice Sandeep Sharma quashed a complaint filed by Kuldeep Singh against Parveen Rajput, holding that a complaint against an authorised signatory alone is not maintainable when a cheque is issued on behalf of a society that has...

Delhi HC Upholds DGCEI Officers' Discharge In Custodial Torture Case, Rejects CCTV Evidence

On 22 May, the Delhi High Court upheld the discharge of officers of the Directorate General of Central Excise Intelligence (DGCEI) who were accused of illegally detaining, kidnapping and torturing a businessman during a central excise investigation. A Bench of Justice Amit Mahajan held that the CCTV footage relied upon by the complainant was not admissible because it did not have the required certificate under Section 65B of the Indian Evidence Act, 1872 and dismissed the revision petitions...

Courts Cannot Touch Merits In Contempt Proceedings: Calcutta High Court Sets Aside NCLT Interim Order

The Calcutta High Court has recently reiterated that a court exercising contempt jurisdiction cannot travel beyond the four corners of the order alleged to have been violated or venture into the merits of the underlying dispute while setting aside part of a National Company Law Tribunal order that had allowed a liquidator to complete the sale of a company's assets. Justice Om Narayan Rai held that while exercising contempt jurisdiction, “the Court must confine itself to the four corners of the...

J&K High Court Refers ₹34.88 Crore HRCC–ERA Dispute To Arbitration, Holds Non-Operational DRE No Bar

The Jammu & Kashmir and Ladakh High Court on 22 May held that the existence of a contractual pre-arbitration dispute resolution mechanism cannot defeat a party's right to invoke arbitration under Section 11(6) of the Arbitration and Conciliation Act, 1996, where such mechanism has not been operationalised. A Single-Judge Bench of Justice Sanjay Dhar appointed former Chief Justice of the High Court, Justice Ali Mohammad Magrey, as sole arbitrator to adjudicate disputes between Hassan Roads...

Delhi High Court Restrains Named, Unknown Parties From Using SKF Trademark For Bearings, Freezes Bank Accounts

The Delhi High Court has temporarily restrained five known entities and several unknown entities from using Swedish bearing manufacturer AB SKF's registered “SKF” trademark after finding a prima facie case that they were allegedly dealing in counterfeit bearings, while also directing Kotak Mahindra Bank to freeze three bank accounts linked to some of them. Justice Tushar Rao Gedela observed that the entities appeared to be making “unlawful financial gains” at AB SKF's expense. “It appears that...

Delhi High Court Sets Aside Patent Rejection Of Biotyx Medical, Slams Hindsight Analysis

The Delhi High Court on 19 May set aside an order of the Assistant Controller of Patents and Designs that had refused to grant a patent to Biotyx Medical Shenzhen Co. Ltd for its invention titled “Absorbable Stent.” A Bench of Justice Jyoti Singh held that the rejection relied on hindsight analysis and failed to follow settled principles of patent law, and remanded the matter to the Controller for fresh consideration within four months. She noted that the Controller recorded Biotyx's...