Supreme Court
Supreme Court Directs Princeton-Named Telangana Colleges To Publish Disclaimer Stating No Connection With US University
The Supreme Court has directed six Telangana colleges operating under the "Princeton" name to prominently state on their websites, prospectuses, admission material, and certificates that they have "no connection whatsoever with Princeton University, New Jersey, United States of America." The Court observed that "students may well be misled by the use of its name by others offering educational courses." A bench of Justice Sanjay Kumar and Justice K. Vinod Chandran passed the order on May 29...
Limitation To Challenge Arbitral Award Begins Only After Tribunal Disposes Of Post-Award Pleas: Supreme Court
The Supreme Court on Tuesday held that when parties invoke post-award proceedings before an arbitral tribunal seeking correction, interpretation, or an additional award, the limitation period for challenging the arbitral award begins only after those proceedings are disposed of. The court observed that parties cannot be compelled to challenge an award while such proceedings remain pending before the tribunal. A bench of Justices Pamidighantam Sri Narasimha and Alok Aradhe allowed an appeal...
Extinguished Dues Cannot Be 'Resurrected' To Disqualify Resolution Applicant Under IBC: Supreme Court
The Supreme Court has recently held that once a company has been resolved under an approved insolvency resolution plan and all remaining dues stand extinguished, those dues cannot be "resurrected" to assess the eligibility of a prospective resolution applicant a year later. It set aside orders that had declared Cosmic CRF Ltd ineligible to participate in the corporate insolvency resolution process of Amzen Transportation Industries Pvt. Ltd. A Bench of Justices J.B. Pardiwala and Ujjal Bhuyan...
Supreme Court Refuses to Interfere With HC Order Initiating Perjury Proceedings Against Manipal Business Solutions
The Supreme Court on Tuesday refused to interfere with a May 4, 2026 order of the Delhi High Court directing initiation of perjury proceedings against Manipal Business Solutions Pvt. Ltd. The proceedings stem from allegations that the company relied on false pleadings and prima facie fabricated documents in a commercial dispute with Aurigain Consultants Pvt. Ltd. While directing initiation of proceedings under Sections 340 and 195 of the Criminal Procedure Code (CrPC), the Delhi High Court...
Over 80% Of NCLT, NCLAT Workforce Is Contractual; Justice Pankaj Mithal Calls For Reforms
Supreme Court judge Justice Pankaj Mithal on Monday said that more than 80% of the workforce of the National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT) consists of contractual employees, warning that the heavy dependence on temporary staff is disrupting the functioning of India's insolvency adjudication system.Speaking at an event marking 10 years of the NCLT and NCLAT at the Constitution Club of India in New Delhi, Justice Mithal said the completion of a...
GST Is Levied On Actionable Claims Arising From Stakes, Not Dependent On Whether A Game Is Of Skill Or Chance: Supreme Court
The Supreme Court has recently held that GST liability on online gaming transactions does not depend on whether the underlying game is one of skill or chance, ruling that the levy is attracted by the supply of actionable claims arising from money staked on uncertain outcomes. A bench of Justices J.B. Pardiwala and R. Mahadevan said the taxable event under the GST framework is the supply of actionable claims generated by staking money on uncertain outcomes and not the underlying game itself. The...
Pending Suit Dispute Could Be Referred To Arbitration Only Through Court Under 1940 Act: Supreme Court
The Supreme Court on Friday held that under the now-repealed Arbitration Act, 1940, parties to a pending civil suit could not validly refer their dispute to arbitration without jointly approaching the court where the suit was pending for a reference. The court consequently decreed a suit for possession and mesne profits concerning a property in Gwalior and set aside a Madhya Pradesh High Court judgment that had upheld dismissal of the suit. A bench of Justices J.K. Maheshwari and Atul...
Supreme Court Says Criminal Prosecution After DRT-Recorded Loan Settlement Was Abuse of Process
The Supreme Court on Friday quashed criminal proceedings against a borrower accused of obtaining enhanced credit facilities using forged audit reports, holding that continuation of the prosecution would amount to an abuse of process after the loan account had been settled under a compromise approved by the bank, implemented by the parties and recorded before the Debts Recovery Tribunal (DRT). A Bench of Justices B.V. Nagarathna and Ujjal Bhuyan passed the judgment while allowing an appeal filed...
Supreme Court Refuses To Interfere With Arrest Of Ex-VVCMC Town Planning Officer In Money Laundering Case
The Supreme Court on Tuesday (May 26) refused to interfere with a Bombay High Court judgment that upheld the arrest of former Vasai-Virar City Municipal Corporation (VVCMC) Deputy Director of Town Planning Y. Shiva Reddy by the Enforcement Directorate. The case concerns alleged illegal constructions and corruption linked to development permissions in the Vasai-Virar area. A Bench of Justices Vikram Nath and Sandeep Mehta dismissed Reddy's special leave petition against the High Court's March...
Arbitration In India Has Not Failed, Courts Sometimes Have Failed Arbitration: Supreme Court
The Supreme Court on Friday remarked that “Arbitration in India has not failed; however, Courts sometimes have failed arbitration in India,” while dismissing Madhya Pradesh Road Development Corporation Ltd.'s (MPRDC) challenge to an arbitral award that had already survived multiple rounds of judicial scrutiny over nearly 12 years. A Bench of Justice J.K. Maheshwari and Justice Atul S. Chandurkar made the observation while refusing to interfere with an arbitral award in favour of Jabalpur...
'Inelegantly Drafted': Supreme Court Lays Down Two-Part Framework For Establishing Fraud Under PFUTP Regulations
The Supreme Court on Friday held that the definition of fraud under Regulation 2(1)(c) of the SEBI (Prohibition of Fraudulent and Unfair Trade Practices) Regulations, 2003, suffers from "inelegant legislative drafting." Adopting a purposive interpretation of the provision, laid down a two-part framework for establishing fraud. Observing that the definition of fraud under Regulation 2(1)(c) appears to treat both deceitful intention and proof of wrongful gain or avoidance of loss as non-essential...