Filmmaker Gautham Menon Moves Supreme Court Against ₹4.25 Crore Refund Order In Dispute Over Unmade Film

Photon Factory, represented by filmmaker Gautham Vasudev Menon, has moved the Supreme Court against a Madras High Court judgment directing it to refund ₹4.25 crore with 12% interest to R.S. Infotainment. The dispute concerns an untitled film project that the filmmakers claimed was later completed and released as 'Nee Thane En Pon Vasantham'. The special leave petition, filed on June 8, is yet to be listed The challenge is directed against a March 23, 2026 judgment of a division bench of...

Supreme Court Issues Notice On Plea Against NCLAT Relief To Former Deccan Chronicle Promoter

The Supreme Court on Thursday issued notice in a plea filed by L&T Finance Ltd challenging an NCLAT order that set aside bankruptcy proceedings against former Deccan Chronicle Holdings Limited promoter and personal guarantor T. Venkatram Reddy.The bankruptcy proceedings had been set aside by NCLAT on April 2, 2026, after the appellate tribunal on the same date quashed the underlying personal insolvency proceedings initiated against Reddy under Section 95 of the Insolvency and Bankruptcy...

Supreme Court Issues Notice In SEBI Appeal Against SAT Relief To Sahara Officials In ₹14,106 Crore OFCD Case

The Supreme Court on Thursday issued notice in an appeal filed by SEBI challenging a Securities Appellate Tribunal (SAT) order granting relief to certain officials of Sahara India Commercial Corporation Ltd. (SICCL) including its managers and company secretary, from liability arising out of the company's ₹14,106 crore OFCD fund-raising scheme.A vacation bench of Chief Justice Surya Kant and Justice V. Mohana while issuing notice tagged the case with a similar pending matter, which will be heard...

Supreme Court Refuses To Entertain Plea For Creamy Layer In Income-Tax Exemption For Scheduled Tribes In North-East States

The Supreme Court on Tuesday declined to entertain a plea seeking the introduction of a "creamy layer" mechanism for the income-tax exemption granted to Scheduled Tribes residing in specified areas and States under the Income Tax Act, 2025.The petitioner sought a direction to restrict the benefit to economically weaker tribals and exclude affluent beneficiaries. A bench of CJI Surya Kant and Justice V. Mohana allowed petitioner Ashwini Upadhyay to withdraw the petition with the ...

Voizzit Moves SC Against HC Order Striking US Bankruptcy Trustee From Suit Claiming Interest In Byju'S US Assets

Two companies claiming rights over BYJU'S US subsidiaries, Epic Creations Inc. and Tangible Play Inc., have approached the Supreme Court against a Kerala High Court judgment that removed a US bankruptcy trustee from a commercial suit filed in Ernakulam. The High Court had also held that the assets forming the subject matter of the dispute had already been dealt with in bankruptcy proceedings before a US court.The appeal challenges the June 1, 2026 judgment of Justice Easwaran S. The matter is...

SC Refuses To Interfere With HC Orders Involving Law Firm In Chennai Metro Compensation Contempt Case

Observing that the case involved allegations of a "complete fraud played upon the judicial system," the Supreme Court on Tuesday declined to interfere with Madras High Court orders that brought law firm The Legal Attorneys and Barristers into contempt proceedings stemming from allegations that Samarpana Charitable Trust secured ₹13.18 crore in Chennai Metro Land acqusition compensation after concealing an existing mortgage and ongoing recovery proceedings from the Court.A bench comprising Chief...

SC Issues Notice on Afghanistan Cricket Board's Plea Seeking Arbitrator In Content Monetisation Dispute With Indian Firm

The Supreme Court on Tuesday issued notice in a petition filed by the Afghanistan Cricket Board seeking appointment of a sole arbitrator in a dispute with Mumbai-based Nimayate Corporate Solutions Pvt Ltd over alleged non-payment of dues under a content monetisation agreement. The matter was taken up by a Bench of Chief Justice Surya Kant and Justice V. Mohana. According to the plea, the Afghanistan Cricket Board and Nimayate Corporate Solutions entered into a Content Monetisation Agreement on...

Supreme Court Issues Notice On Challenge To Gujarat HC Ruling Against Transfer Of Essar Steel Cases To Mumbai NCLT

The Supreme Court on Monday issued notice on the Union government's challenge to a Gujarat High Court judgment concerning the transfer of Essar Steel-related proceedings from the National Company Law Tribunal (NCLT) Ahmedabad to Mumbai. A bench of Chief Justice Surya Kant and Justice V. Mohana tagged the matter with connected cases raising similar issues and posted it for hearing on July 29. The challenge arises from a February 17, 2026 judgment of a Division Bench of the Gujarat High Court,...

SEBI Moves SC Against SAT Relief To Sahara Managers In ₹14,106 Crore OFCD Case

The Securities and Exchange Board of India (SEBI) has moved the Supreme Court challenging a Securities Appellate Tribunal (SAT) order that granted relief to four managers and the company secretary of Sahara India Commercial Corporation Ltd (SICCL). The tribunal had set aside, insofar as they were concerned, a 2018 SEBI order in the Rs 14,106 crore Optionally Fully Convertible Debentures (OFCDs) case involving nearly 1.98 crore investors. The challenge comes after the SAT on March 9, 2026,...

SC's Justice PK Mishra Recuses From Hearing Jacqueline Fernandez's Plea In ₹200 Crore PMLA Case

The Supreme Court on Thursday directed that actor Jacqueline Fernandez's plea in the ₹200 crore money laundering case be listed before another bench after Justice Prashant Kumar Mishra disclosed that his son had appeared for the government in one of the connected matters. A bench of Justices Prashant Kumar Mishra and Atul S. Chandurkar was hearing Jacqueline's plea challenging the proceedings arising from a Special PMLA court's May 30, 2026 order framing charges against her, alleged conman...

SARFAESI Auction Timelines Are Mandatory, Not Directory; Unjustified Deviation Vitiates Sale: Supreme Court

The Supreme Court on Tuesday set aside a SARFAESI auction sale of a mortgaged property after finding that the successful bidder paid the balance sale consideration five days after the deadline fixed for payment and that there was no written agreement extending the time. Holding that the lapse constituted a "material irregularity going to the root of the matter," the court quashed the sale. A bench of Justice Dipankar Datta and Justice Augustine George Masih observed that the auction purchaser...

Can Litigants Circumvent IBC Limitation By Filing Defective Appeals? Supreme Court's Answer Is A Resounding 'No'

The Supreme Court has recently held that litigants cannot circumvent the Insolvency and Bankruptcy Code's strict limitation regime by filing defective appeals to save the limitation and curing defects later at their convenience. A bench of Justices Dipankar Datta and Satish Chandra Sharma posed the following question: “Can or should a litigant be permitted to circumvent the rigours of limitation by filing a defective appeal as a device to save limitation and, thereafter, to opt to cure the...