Supreme Court
Supreme Court Sets Aside HC Order Allowing Winzo Affiliate To Use Frozen Funds For Salaries
The Supreme Court has recently set aside a Karnataka High Court order permitting Winzo affiliate Zo Private Limited to withdraw money from frozen bank accounts for payment of employee salaries. The court held that once the company had been relegated to its statutory remedy before the Adjudicating Authority, the High Court ought not to have exercised discretion permitting withdrawal of funds. A bench of Justices M.M. Sundresh and Nongmeikapam Kotiswar Singh observed the High Court could not...
CCI Cannot Keep Approved Merger In Abeyance Or Demand Fresh Filing Of Same Deal: Supreme Court
The court made the ruling while setting aside CCI's order reopening Amazon's Future Coupons deal approval and quashing penalties of over ₹202 crore
Unstamped Arbitration Agreement Survives; Objection Must First Be Raised Before Arbitrator: Supreme Court
The Supreme Court on Wednesday held that non-stamping or insufficient stamping of an agreement does not invalidate it and that the arbitral tribunal must decide such objections in the first instance, discouraging High Court interference in ongoing arbitration proceedings. A bench of Justice J.K. Maheshwari and Justice Atul S. Chandurkar held “The agreement survives non-stamping or insufficient stamping, and the defect can be cured by getting the agreement sufficiently stamped at any stage,...
Supreme Court Declines Ex-NCLAT Member's Plea Challenging Post-Retirement Practice Restriction Before NCLT, NCLAT
The Supreme Court on Wednesday declined to entertain a writ petition filed by former National Company Law Appellate Tribunal (NCLAT) Technical Member Vijai Pratap Singh challenging the statutory restriction prohibiting former tribunal members from appearing before the National Company Law Tribunal (NCLT) and NCLAT after retirement.Appearing in person, Singh argued that an absolute prohibition was excessive and suggested that a cooling-off period could instead be introduced. A Bench comprising...
Supreme Court Upholds Tamil Nadu, Karnataka Online Betting Laws; Skill Game Betting Not Protected
The Supreme Court on Wednesday upheld the constitutional validity of the Tamil Nadu and Karnataka laws regulating and prohibiting online betting and wagering, while setting aside the Madras High Court and Karnataka High Court judgments that had struck down portions of the legislation.A bench of Justices J. B. Pardiwala and R. Mahadevan was hearing appeals arising from challenges to the Tamil Nadu Gaming and Police Laws (Amendment) Act, 2021 and the Karnataka Police (Amendment) Act, 2021. The...
Supreme Court Declines To Entertain Western Digital Challenge Over Refurbished Hard Drive Sales
The Supreme Court on Tuesday, 27 May declined to interfere with the Delhi High Court ruling permitting the sale of refurbished hard disk drives bearing Western Digital's trademarks, holding that removal of the original marks before resale does not amount to trademark “use” under Section 29 of the Trade Marks Act. A Bench of Justices B.V. Nagarathna and Ujjal Bhuyan dismissed the Special Leave Petition challenging the Delhi High Court's 9 March 2026 judgment. The dispute arose from hard disk...
Supreme Court Refuses To Set Aside “Patently Illegal” Arbitral Award, Modifies Relief Instead
The Supreme Court on Tuesday refused to set aside an arbitral award despite finding it to be patently illegal, choosing instead to modify the award itself to bring finality to a dispute that has been pending since 2012. A Bench of Justice Sanjay Kumar and Justice K. Vinod Chandran observed that sending the parties back into fresh litigation would cause further hardship and delay. “Though the award, being patently illegal, deserves to be set aside under Section 34(2A) of the Arbitration Act, we...
Supreme Court Stays SEBI Dividend Default Prosecution Against Former Zylog Systems Executive Till Next Hearing
The Supreme Court on Wednesday stayed the Madras High Court's April 6, 2026 order refusing to quash criminal proceedings initiated by SEBI against Parthasarathy Srikanth, former Executive Director of Zylog Systems Ltd. The proceedings are pending before the Principal Sessions Court, Chennai, over the alleged failure to disburse Rs. 16.44 crore in declared dividends to shareholders. A Bench of Justices P.K. Mishra and N.V. Anjaria, while issuing notice, stayed further proceedings in the...
Himachal Pradesh HC Quashes GST Show Cause Notice, Says Department Bound By Unchallenged Advance Ruling
The High Court of Himachal Pradesh has quashed a GST show cause notice issued to Amit Engineers after finding that the notice was issued despite an earlier Advance Ruling that had attained finality between the parties. A bench of Justice Vivek Singh Thakur and Justice Ranjan Sharma observed: “in view of the finality attached to the Advance Ruling between the parties, the show cause notice dated 14.02.2025 (Annexure P-6) was without foundation. In view of the finality of the advance ruling...
Supreme Court Sets Aside NCLAT Order Upholding CCI's ₹202 Crore Penalty On Amazon In Future Coupons Deal
The Supreme Court on Wednesday allowed Amazon's appeal, setting aside the CCI's ₹202 crore penalty and suspension of approval for its 2019 Future Coupons investment, along with the NCLAT order that upheld it.A Bench comprising Justices Vikram Nath and Sandeep Mehta ultimately held that both the CCI's December 17, 2021 order and the June 13, 2022 judgment of the NCLAT could not be sustained. “In view of the findings recorded above, the appeal is allowed. The impugned judgment dated 13 June 2022...
Power To Correct Clerical Errors In Arbitral Awards Can't Be Used To Substantially Modify Them: Supreme Court
The Supreme Court on Tuesday reiterated that the limited power to correct clerical, computational, or typographical errors in an arbitral award cannot be used to substantially modify it by replacing simple interest with compound interest. Setting aside Gujarat High Court and Commercial Court orders, the Court held that Saryu Plastics Pvt. Ltd. was entitled only to simple interest at 21.675% during the pendency of arbitration, reversing a modification that had increased Gujarat Water Supply and...
Office-Bearers Can Face NI Act Prosecution If Complaint Shows Their Role In Transaction: Supreme Court
The Supreme Court on Tuesday held that criminal liability for cheque dishonour cannot be fastened on a person merely because they hold an office in a society, while making it clear that proceedings cannot be quashed at the threshold where the complaint discloses sufficient factual material linking them to the underlying transaction. A Bench of Justice Prashant Kumar Mishra and Justice N.V. Anjaria partly allowed an appeal filed by Mansi Finance (Chennai) Ltd against a Madras High Court order...