Supreme Court Declines To Interfere With SAT Order Clearing Biocon VP Of Insider Trading Charge

The Supreme Court has declined to interfere with a Securities Appellate Tribunal (SAT) ruling that exonerated Biocon Vice President Shreehas P. Tambe of insider trading allegations. The allegations arose from trades executed ahead of Biocon's proposed collaboration with Sandoz.Tambe, who was Biocon's Vice President at the time of the trades, is currently the Chief Executive Officer and Managing Director of BioconBy an order dated July 26, 2022, SAT partly allowed Tambe's appeal. It quashed the...

US Court Strikes Down Trump's $100,000 H-1B Levy, Says It Was A Tax, Not Visa Fee

A federal court in Massachusetts has struck down President Donald Trump's $100,000 payment requirement for new H-1B visa petitions. The Court granted summary judgment to a coalition of 20 states led by California and vacated the federal policy implementing the measure. Judge Leo T. Sorokin of the US District Court for the District of Massachusetts held that the payment requirement functioned as a tax. The Court further held that the Executive lacked authority under the provisions relied upon by...

Bombay HC Denies Interim Relief To Russian Company In ₹19,500 Crore Enforcement Suit Against Tecnimont

The Bombay High Court on Monday refused to grant interim protection to Russian fertiliser company EuroChem North West-2 in its suit seeking enforcement of a Moscow court judgment worth more than Rs 19,500 crore against Italian engineering company Tecnimont S.p.A. The Court declined EuroChem's request to restrain Tecnimont from dealing with its assets in India pending adjudication of the suit. Justice Gauri Godse held that, at the pre-trial stage, the competence of the Moscow Commercial Court to...

LiveLawBiz: Corporate Legal News Daily Round-Up: June 08, 2026

COMPANY LAW Supreme Court Refers Jindal Poly Films Minority Shareholder's Class Action Dispute To ArbitrationAllegations Of Oppression To Be Tested Only At Final Hearing, Not Amendment Stage: NCLT MumbaiNCLT Mumbai Orders 50% Shareholder To Exit Urja Niyojan At Nil Value Over Deadlock In ManagementBANKING/NBFC PIL In Supreme Court Seeks Court-Monitored Probe Into JKM Infra's ₹1,537 Crore Debt Settlement Through ARCsDepositors Can Approach Consumer Fora Despite Co-operative Societies Act...

Bombay High Court Quashes Centre's Retrospective One-Time Spectrum Charge On Airtel, Vodafone Idea

The Bombay High Court on Monday quashed the Centre's decision imposing one-time spectrum charges retrospectively on Bharti Airtel and Vodafone Idea under the National Telecom Policy, 1999 (NTP-99) regime. The court held that the Union Government lacked authority under Section 4 of the Indian Telegraph Act, 1885, or the telecom licence agreements to levy such charges for spectrum held beyond 6.2 MHz from July 2008 onwards. A Division Bench of Justices Manish Pitale and Shriram V. Shirsat held...

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...

LiveLawBiz Arbitration Cases Weekly Digest: June 1 - June 6, 2026

NOMINAL INDEXNational Highways Authority of India v. T. Younis & Anr., 2026 LLBiz SC 216 Bennett Coleman and Company Limited v. Lord's Mark Industries Limited & Ors., 2026 LLBiz HC (DEL) 583 Ramacivil India Construction Private Limited v. Central Public Works Department & Connected Matters, 2026 LLBiz HC (DEL) 575 Midpoint Commodeal Private Limited v. Fidatocity Homes Private Limited & Ors., 2026 LLBiz HC (DEL) 580 Oracle International Corporation v. CIS IT Solutions Private...

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),...

NCLT Issues Circular Mandating Filing Of Vakalatnama Or Memoranda Before Counsel Can Be Heard

On 5 June, the National Company Law Tribunal (NCLT) directed strict compliance with filing requirements relating to vakalatnamas and memoranda of appearance, holding that advocates, legal practitioners and authorised representatives cannot ordinarily appear before the Tribunal without proper authorisation on record. The Tribunal issued a circular directing Registrars across all Benches to ensure compliance and clarified that counsel who do not file a duly executed vakalatnama or memorandum of...

LiveLawBiz IPR Weekly Digest: June 01 - June 07, 2026

SUPREME COURTSupreme Court Directs Princeton-Named Telangana Colleges To Publish Disclaimer Stating No Connection With US UniversityCase Title: The Trustees of Princeton University v. The Vagdevi Educational Society & Ors.Case Number: Special Leave Petition (C)Citation: 2026 LLBiz SC 217The Supreme Court directed six Telangana-based colleges operating under the 'Princeton' name to prominently display disclaimers on their websites, prospectuses, admission materials, and certificates stating...

Supreme Court Refuses To Interfere With Arbitrator Appointment In Nissan Dealership Dispute

The Supreme Court on Monday refused to interfere with a Punjab and Haryana High Court order appointing an arbitrator to resolve disputes between Vision Plus Financial Services (Vision Datsun) and Nissan Motor India Pvt Ltd arising out of a dealership agreement. A bench of Justices Manmohan and Vijay Bishnoi declined to entertain Nissan Motor India's challenge to the March 9, 2026, order by which the High Court appointed former Punjab and Haryana High Court judge Justice Pramjeet Singh Dhaliwal...

LiveLawBiz RERA Cases Weekly Digest: June 1 - June 6, 2026

NOMINAL INDEXPrasanth B. & Anr. v. Hoysala Projects Pvt. Ltd. & Ors., 2026 LLBiz HC(KER) 87Vardhman Developers v. Uttarakhand Real Estate Appellate Tribunal & Anr., 2026 LLBiz HC(UTT) 8Harish Jasuja v. Rajasthan Real Estate Regulatory Authority & Anr., 2026 LLBiz REAT (RJ) 35Baroda Rajasthan Kshetriya Gramin Bank v. Rajasthan Real Estate Regulatory Authority & Ors., 2026 LLBiz REAT (RJ) 36Lakshmi V. Reddy v. M/s Maxworth Realty India Ltd., 2026 LLBiz RERA(KA) 92Vijay Kumar...