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IL&FS Fraud Case: NCLAT Restrains Further Action Against Deloitte, SRBC, BSR
The National Company Law Appellate Tribunal (NCLAT) has recently restrained further action against Deloitte Haskins & Sells LLP, SRBC & Co LLP, BSR & Associates LLP and other auditors under Section 339 of the Companies Act, 2013 in the IL&FS matter, pending consideration of their challenge to the maintainability of the proceedings.The order was passed on May 26 by a bench of Chairperson Justice Ashok Bhushan and Technical Member Barun Mitra. "We observe that question of...
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...
Kerala High Court Reserves Verdict On CMRL's Appeal Challenging ED Probe, Orders Status Quo Till June 5
The Kerala High Court on Monday reserved judgment on an appeal filed by Cochin Minerals and Rutile Limited (CMRL) challenging Enforcement Directorate summons issued in a money laundering probe linked to payments allegedly made to Exalogic Solutions Pvt Ltd, a company owned by Veena Vijayan, daughter of former Kerala Chief Minister Pinarayi Vijayan.The Court directed the ED to maintain the status quo and not precipitate any proceedings against the appellants until June 5, when it is scheduled to...
Delhi High Court Restrains Breakaway Karan Satsang Group From Portraying HDH Bapji As Its Founder
The Delhi High Court has restrained a breakaway organisation formed by former members of Shree Swaminarayan Sarvopari Siddhant Digvijay Trust from using the trademark "Karan Satsang" and portraying the Trust's founder, His Divine Holiness Devnandandasji Swami (HDH Bapji), as its own founder. Justice Tushar Rao Gedela passed the ex-parte ad-interim order on May 26 in a suit filed by the Trust against Sukhmay Karan Satsang Foundation and its office-bearers. The Trust stated that former trustees...
Supreme Court Refuses To Interfere With Interest On Adani Infra's Delayed ₹255 Crore Payment For Land Bought In Liquidation
The Supreme Court on Monday declined to interfere with a National Company Law Appellate Tribunal (NCLAT) order directing Adani Infrastructure & Developers Pvt Ltd to pay 12% interest on delayed payment of ₹255 crore. The amount formed part of the consideration for its ₹325-crore purchase of a land parcel belonging to Anil Ltd, which is under liquidation. A bench of Justices Dipankar Datta and Satish Chandra Sharma dismissed an appeal filed by the liquidator. The liquidator had challenged...
LiveLawBiz RERA Cases Weekly Digest: May 25 - May 30, 2026
NOMINAL INDEXVandana Sabharwal v. Union of India & Ors., 2026 LLBiz SC 213Advance India Projects Limited v. State of Haryana and Others, 2026 LLBiz HC (PNH) 26M/s Inspire Parking Nest Pvt. Ltd. v. Haryana Real Estate Regulatory Authority, Gurugram, 2026 LLBiz REAT (HR) 34Ravi Shankar & Anr. v. Karnataka Real Estate Regulatory Authority & Ors., 2026 LLBiz REAT (KA) 33Mr. Ejaz Shoaib Hussain and Mr. Arbaaz Shoaib v. M/s Honest Builders and Developers Pvt. Ltd., 2026 LLBiz RERA(BR)...
LiveLawBiz Arbitration Cases Weekly Digest: May 25 - May 30, 2026
NOMINAL INDEXAshok and Ors. v. Padam Chand and Ors., 2026 LLBiz SC 211Madhya Pradesh Road Development Corporation Ltd. v. M/s Jabalpur Corridor Pvt. Ltd., 2026 LLBiz SC 210Tarini Prasad Mohanty v. M/s Sunflag Iron and Steel Company Limited, 2026 LLBiz SC 206Bhupesh Bhayana and Another v. Kunal Seth and Another, 2026 LLBiz SC 205Gujarat Water Supply and Sewerage Board v. Saryu Plastics Pvt. Ltd., 2026 LLBiz SC 203M/S BRH Wealth Kreators Ltd. v. Sudhir Kumar Aggarwal, 2026 LLBiz HC (DEL)...
LiveLawBiz IBC Weekly Digest: May 25 - May 30, 2026
SUPREME COURT Supreme Court Declines Ex-NCLAT Member's Plea Challenging Post-Retirement Practice Restriction Before NCLT, NCLAT Case Title : VIJAI PRATAP SINGH vs UNION OF INDIA Case Number : W.P. (C) No. 670/2026The 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...
LiveLawBiz IPR Weekly Digest: May 25 - May 31, 2026
SUPREME COURTSupreme Court Declines To Entertain Western Digital Challenge Over Refurbished Hard Drive SalesCase Title: Western Digital Technologies, Inc & Anr. v. Hansraj Dugar Case Number: Petition(s) for Special Leave to Appeal (C) No(s). 17783/2026 Citation: 2026 LLBiz SC 204The 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...
LiveLawBiz: Corporate Legal News Daily Round-Up: May 30, 2026
SECURITIES LAW Supreme Court Sets Up Ex-CJ-Led Committee To Resolve Claims In Alleged Sai Prakash Fraud CasesDEBT RECOVERY LAWS Supreme Court Says Criminal Prosecution After DRT-Recorded Loan Settlement Was Abuse of ProcessIPR Telangana School Agrees To Drop 'Vasant Valley' Name In Trademark Suit Filed By Delhi SchoolDelhi HC Restrains Further Publication Of Content Branding 'Dubai Bling' Star Satish Sanpal A 'Fraudster,' 'Satta King'Delhi HC Orders Restoration Of Kamdhenu Idol Listings On...
