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...

Supreme Court Refers Jindal Poly Films Minority Shareholder's Class Action Dispute To Arbitration

The Supreme Court on Monday referred to arbitration a class action dispute brought by minority shareholders of Jindal Poly Films Ltd. over alleged undervalued related-party transactions.In doing so, it set aside NCLT and NCLAT rulings that had permitted the shareholders' Section 245 class action petition to proceed. A bench of Justices Prashant Kumar Mishra and Atul S. Chandurkar passed the order in an appeal filed by Jindal Poly Films against an NCLAT judgment dated February 26, 2026. The...

PIL In Supreme Court Seeks Court-Monitored Probe Into JKM Infra's ₹1,537 Crore Debt Settlement Through ARCs

A public interest litigation has been filed in the Supreme Court seeking a court-monitored investigation into allegations of large-scale diversion of bank funds by Noida-based JKM Infra Projects Ltd. The plea also seeks a probe into the assignment and settlement of the company's debt through Asset Reconstruction Companies (ARCs). The petition, filed by three advocates, seeks directions to the Reserve Bank of India (RBI), Enforcement Directorate (ED), Serious Fraud Investigation Office (SFIO),...

Supreme Court Holds Appeals On Excisability Of Goods Lie Before It, Not High Courts

The Supreme Court has recently held that disputes over whether goods are excisable fall within the exclusive appellate jurisdiction of the Supreme Court and cannot be decided by High Courts.Setting aside a Karnataka High Court judgment, the Court observed, "The provisions of Sections 35G and Section 35L, read together, always pointed to one and only one conclusion: that the question of excisability fell within the exclusive appellate jurisdiction of the Supreme Court." A Bench of Justice J.B....

Supreme Court Refuses To Condone 166-Day Refiling Delay In IBC Appeal, Calls Explanation A 'Lame Excuse'

The Supreme Court has refused to entertain an appeal by Thrani Industries Ltd against insolvency proceedings initiated against it, holding that the company's explanation for a 166-day delay in refiling the case was nothing more than a "lame excuse". A Bench of Justices Dipankar Datta and Satish Chandra Sharma dismissed the appeal after finding that Thrani Industries had failed to show any sufficient cause for the prolonged delay. The company had attributed the delay to the non-availability of...

Supreme Court Upholds Admission of Insolvency Plea Filed by Ingram Micro Against Bathla Teletech

The Supreme Court has refused to interfere with an NCLAT ruling that Bathla Teletech Pvt Ltd's claims relating to unsold iPhone 8 inventory and backend discounts did not constitute a genuine pre-existing dispute capable of defeating an insolvency application. The order leaves intact insolvency proceedings against the electronics reseller at the instance of Ingram Micro India Pvt Ltd. A Bench of Justices Dipankar Datta and Satish Chandra Sharma dismissed an appeal filed by Bathla Teletech,...

Validity Of Vote Cast On Behalf Of Society At Company's AGM Cannot Be Decided By Who Voted First: Supreme Court

The Supreme Court has recently held that the validity of a vote cast on behalf of a society at a company's annual general meeting cannot be determined merely by who voted first. The Court ruled that voting authority must flow from the society's governing documents and the statutory framework regulating electronic voting. A bench of Justices Vikram Nath and Sandeep Mehta allowed appeals filed by Hindustan Medical Institution, Eastern India Educational Institution and Belle Vue Clinic, all...