Bombay High Court Refers Talent Management Firm's Dispute With YouTuber Prajakta Koli To Arbitration

The Bombay High Court recently referred disputes between Singapore-based talent management firm OneDigital Entertainment Pte Ltd. and YouTuber-actor Prajakta Koli to arbitration. A single bench of Justice Sandeep V. Marne appointed former Bombay High Court judge Justice Sadhana Jadhav as the sole arbitrator to adjudicate disputes arising out of a Performance of Artists Management Agreement dated September 10, 2015. OneDigital had approached the High Court seeking interim relief before the...

LiveLawBiz: Corporate Legal News Daily Round-Up: May 13, 2026

PMLA West Bengal Coal Scam Case: Supreme Court Seeks Anup Majee's Reply In ED Plea Against Anticipatory BailED Moves Supreme Court Against Refusal To Defer Order On Charge In Jindal Steel-Linked Coal Block CaseFEMA SAFEMA Appellate Tribunal Cuts BPL, Ex-MD Penalties To ₹10L, ₹1L In ₹4.9 Crore FEMA Violation CaseSECURITIES LAW SEBI Orders Former Religare Chair Rashmi Saluja To Disgorge ₹1.99 Crore In Insider Trading CaseSEBI Proposes Allowing Municipalities To Refinance Existing Debt Through Bond...

SEBI Orders Former Religare Chair Rashmi Saluja To Disgorge ₹1.99 Crore In Insider Trading Case

The Securities and Exchange Board of India (SEBI) on Wednesday directed former Religare Enterprises Limited (REL) executive chairperson Rashmi Saluja to disgorge ₹1.99 crore for insider trading in REL shares linked to the Burman Group's open offer. It has also imposed a ₹40 lakh monetary penalty on her. SEBI Whole Time Member Kamlesh C Varshney passed the order, holding that Saluja sold REL shares while in possession of unpublished price-sensitive information (UPSI) relating to the Burman...

Bombay High Court Pulls Up Petitioner Over Plea To Stay Sir Ratan Tata Trust Board Meeting, Petition Withdrawn

The Bombay High Court on Wednesday disposed of as withdrawn a petition seeking a stay on the May 16 board meeting of the Sir Ratan Tata Trust (SRTT) after expressing serious displeasure over the manner in which the proceedings were instituted.A vacation bench of Justices Advait Sethna and Sandesh Patil expressed shock after noting that petitioner Suresh Patilkhede had sought a stay on the SRTT board meeting based on representations pending before the Charity Commissioner even though those...

West Bengal Coal Scam Case: Supreme Court Seeks Anup Majee's Reply In ED Plea Against Anticipatory Bail

The Supreme Court on Monday sought a reply from Anup Majee, an alleged key accused in the West Bengal coal smuggling-linked money laundering case, on a plea filed by the Directorate of Enforcement challenging a Delhi High Court order granting him anticipatory bail. The Delhi High Court had, on June 13, 2025, held that the “twin conditions” under Section 45 of the PMLA were satisfied. It noted that the investigation had continued for nearly five years without any attempt to arrest Majee, despite...

Centre Raises Gold, Silver Import Duty To 15% From 6% Effective Today

The Central Government has increased the effective import duty on gold and silver to 15% from 6% through a set of customs notifications issued by the Ministry of Finance, with the revised rates taking effect from May 13. The revised duty structure doubles the basic customs duty on the two precious metals to 10% from 5%, while increasing the Agriculture Infrastructure and Development Cess to 5% from 1%, taking the overall effective levy to 15%. The changes were notified through Notification...

ED Moves Supreme Court Against Refusal To Defer Order On Charge In Jindal Steel-Linked Coal Block Case

The Directorate of Enforcement has moved the Supreme Court against a trial court order refusing to defer the order on charge in a money laundering case linked to allocation of the Amarkonda Murgadangal coal block, in which Jindal Steel & Power Ltd. and other accused are facing prosecution.The petition challenges a March 25, 2026 order of the Special Judge (PC Act) (CBI), Coal Block Cases, Rouse Avenue Courts, New Delhi, dismissing the ED's application under Section 346 of the Bharatiya...

Fixed Share Of Gross Receipts Paid To AOP Member Was Taxable Revenue Income, Not Exempt Profit: Supreme Court

The Supreme Court has held that the 35% share of gross sale proceeds received by Sanand Properties Pvt Ltd from an Association of Persons (AOP) formed for a Pune housing project was taxable business income and not an exempt share of profit, holding that the payment was insulated from project expenses and therefore bore the character of revenue rather than profit. A bench led by Justice J.B. Pardiwala and Justice K V Viswanathan delivered the ruling in a dispute arising out of a joint...

Supreme Court Requests Early Delhi HC Hearing In Pernod Ricard's ₹3,000 Crore Customs Duty Dispute

The Supreme Court on Monday asked the Delhi High Court to hear, within weeks, Pernod Ricard India Pvt Ltd's challenge to a September 2025 customs adjudication order in a valuation dispute in which it allegedly faces duty liability of around Rs 3,000 crore. A bench of Justices Sanjay Karol and Nongmeikapam Kotiswar Singh noted that Pernod Ricard's writ petition before the Delhi High Court was listed for July 28, 2026. It directed the parties to appear before the High Court on May 15; requested...

LiveLawBiz: Corporate Legal News Daily Round-Up: May 12, 2026

IPR Delhi High Court Questions Merchandiser's Authority To Sell Akkineni Nagarjuna-Branded T-ShirtsDelhi High Court Sets Aside Rejection Of South Korean Pharma's Patent Application, Orders Fresh ReviewDelhi High Court Upholds Rejection Of Patent Application For Counterfeit Product Detection SystemIBC Supreme Court Says Appeal Without Certified Copy Was "Wholly Incompetent," Sets Aside NCLAT Order Condoning DelayNCLT Chandigarh Orders Handover Of Aabha Industries Factory To RP, Says Arbitral...

Supreme Court Says Appeal Without Certified Copy Was "Wholly Incompetent," Sets Aside NCLAT Order Condoning Delay

The Supreme Court on Tuesday set aside an NCLAT order condoning delays in filing and refiling an insolvency appeal against the approval of a resolution plan for Samson and Sons Builders and Developers Pvt Ltd, holding that the appeal was a “wholly incompetent appeal” as there was effectively no filing of a valid appeal in the eyes of the law.A bench of Justices Sanjay Kumar and K. Vinod Chandran set aside the NCLAT's November 10, 2025 order condoning delays of 15 days in filing and 150 days in...

SEBI Penalises Kishore, Rakesh Biyani, Ex-Future Retail CFO ₹50 Lakh Over Disclosure Lapses

The Securities and Exchange Board of India (SEBI) on Tuesday imposed a consolidated penalty of ₹50 lakh on Future Retail founder Kishore Biyani, former managing director Rakesh Biyani, and the company's former chief financial officer C.P. Toshniwal for disclosure violations relating to related party transactions involving the company. SEBI's Quasi Judicial Authority Santosh Shukla passed the order. The proceedings concern alleged securities law violations by promoters of Future Retail Limited...