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Supreme Court Seeks Attorney General's Intervention Over Long-Vacant Administrative Posts In ITAT
The Supreme Court on May 26 expressed concern over longstanding vacancies in the administrative establishment of the Income Tax Appellate Tribunal (ITAT) and sought the intervention of the Attorney General for India to ensure that the posts are filled expeditiously.The petition filed by Parveen Kumar Bansal, sought directions for immediate initiation and completion of the recruitment process for vacant posts including Deputy Registrar and Assistant Registrar, besides convening long-pending...
Successful Resolution Applicant Cannot Renegotiate After CoC Approves Resolution Plan: Supreme Court
The Supreme Court on Wednesday held that a Successful Resolution Applicant cannot seek to renegotiate or stall implementation of a resolution plan after it has been approved by the Committee of Creditors (CoC). A Bench of Justices K. V. Viswanathan and Vipul M. Pancholi passed the ruling while dismissing appeals filed by Sanjay Dave, former promoter-director and Successful Resolution Applicant (SRA) of Oracle Home Textiles Ltd. The Court held that once the CoC approves a resolution plan...
Supreme Court Refers To Larger Bench Whether IBC Moratorium Applies To Entire Cheque Bounce Proceedings Or Only Compensatory Aspect
The Supreme Court on Wednesday referred to a larger bench the question of whether insolvency moratorium protections under the Insolvency and Bankruptcy Code apply to cheque dishonor prosecutions, while expressing the view that the criminal component of such proceedings should not be halted during personal insolvency and bankruptcy proceedings. A bench of Justices J.B. Pardiwala and K.V. Viswanathan observed that the issue requires an “authoritative pronouncement” by a three-judge bench after...
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...
LiveLawBiz: Corporate Legal News Daily Round-Up: May 27, 2026
COMPETITION LAW Supreme Court Sets Aside NCLAT Order Upholding CCI's ₹202 Crore Penalty On Amazon In Future Coupons DealCCI Cannot Keep Approved Merger In Abeyance Or Demand Fresh Filing Of Same Deal: Supreme CourtTAX Supreme Court Upholds 28% GST On Online Money Gaming, Fantasy Sports; 2023 Amendments RetrospectiveCESTAT Chennai Sets Aside Confiscation Of Sanitary Napkin Imports Over Alleged Violations Of BIS NormsCESTAT Kolkata Says Customs Cannot Extend Findings From Two Tested Mica...
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 28% GST On Online Money Gaming, Fantasy Sports; 2023 Amendments Retrospective
The Supreme Court on Wednesday upheld the constitutional validity of the GST framework taxing online gaming, fantasy sports, and casino transactions involving staking on uncertain outcomes, affirming the 28% levy applicable to such taxable actionable claims. It also held that the 2023 GST amendments, which specifically brought online money gaming, casinos, and horse racing within the revised tax framework, are merely clarificatory and therefore apply retrospectively.A bench of Justices J.B....
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...
Singapore Court Sentences Byju Raveendran To Six Months In Jail For Contempt
A Singapore court has sentenced Byju Raveendran, founder of insolvent edtech firm Byju's, to six months' imprisonment for contempt of court over alleged non-compliance with directions concerning disclosure and handling of assets linked to Beeaar Investco and other group entities, Bloomberg reported.The court also directed Raveendran to surrender to the authorities, pay costs of S$90,000 (about US$70,500), and produce documents establishing his legal ownership of Beeaar Investco, an entity said...
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...