Delhi High Court To Hear Vedanta's Appeal Against Refusal Of Gujarat Offshore Oil Block PSC Extension On Monday

The Delhi High Court on Thursday agreed to hear on Monday Vedanta Ltd.'s plea for interim relief in its appeal challenging the July 22 judgment upholding the Union Government's decision rejecting the company's application for a ten-year extension of the Production Sharing Contract (PSC) for an offshore oil and gas block in Gujarat. After briefly hearing the parties, a division bench of Justices Dinesh Mehta and Rajneesh Kumar Gupta posted the matter for Monday, when it will consider Vedanta's...

Supreme Court Reserves Verdict In Appeals Against Order On Client Securities Sold To Recover Anugrah Stock Broking's Dues

The Supreme Court on Thursday reserved its verdict in a batch of appeals filed by Edelweiss Custodial Services Ltd., Yes Bank Ltd. and SMC Global Securities Ltd.The appeals arise out of disciplinary proceedings initiated after the collapse of Anugrah Stock & Broking. NSE Clearing alleged that clearing members had sold client securities to recover the broker's proprietary trading dues, contrary to SEBI circulars and exchange regulations.The Securities Appellate Tribunal (SAT) order, in...

LiveLawBiz: Corporate Legal News Daily Round-Up: July 22, 2026

IBC NCLT Kochi Holds Kerala Trade Centre Project; Developmental Rights Form Part Of KCCI's CIRP AssetsNCLT Indore Holds Resolution Professional Cannot Revive Lease Terminated By CoCRights Of Creditor In CIRP Are Determined By The IBC, Not The Quantum Of Claim: NCLT ChandigarhNCLT Kochi Dismisses Union Bank's Plea To Withdraw CIRP, Says Section 12A Procedure Is MandatoryIPR Delhi High Court Temporarily Restrains NBFC From Using 'Zepto' And 'Zepto Finance' MarksTAX CESTAT Delhi Upholds Inclusion...

Delhi HC Allows SC, HC Judges To Show Allowances As 'Receipts Not In Nature Of Income' Under New Tax Regime

The Delhi High Court, by way of an interim direction, has allowed Supreme Court and High Court judges to file their income tax returns by showing prescribed judicial allowances as “receipts not in the nature of income”, even while opting for the new tax regime.The order came in a petition filed by the Delhi Tax Bar Association challenging a September 12, 2025, Office Memorandum issued by the CBDT, which, according to the petitioner, denied judges opting for the new tax regime the benefit of...

Calcutta High Court Quashes Criminal Case Against Bajaj Finserv MD, Holds Loan Dispute Civil in Nature

The Calcutta High Court has recently quashed criminal proceedings against the Managing Director of Bajaj Finserv and another company official. It held that allegations arising from the restructuring of a personal loan and the recovery of loan dues disclosed a civil dispute rather than criminal offences such as cheating, criminal breach of trust or forgery.Justice Ajoy Kumar Mukherjee held that the complaint did not contain the particulars necessary to sustain the allegation of forgery. The court...

Supreme Court Refuses To Interfere With Ruling Holding Paytm-Nightstay GST ITC Dispute Arbitrable

The Supreme Court has refused to interfere with a District Judge's ruling holding that a dispute over One97 Communications Ltd's (Paytm) claim seeking refund of ₹99 lakh from Nightstay Travels Pvt Ltd and others under an Assignment Deed is arbitrable. It dismissed a Special Leave Petition filed by Nightstay App founder and former Nightstay Travels Pvt Ltd director Nasr Ullah Khan challenging the March 13, 2026 judgment of the District Judge (Commercial), Patiala House Courts, New Delhi. The...

NSE Moves Supreme Court Against Delhi High Court Ruling Declaring It Public Authority Under RTI Act

The National Stock Exchange has approached the Supreme Court challenging the Delhi High Court's judgment upholding a 2010 ruling which declared NSE as a 'public authority' under the Right to Information Act. The High Court on July 1, 2026 had held that the exchange must be regarded as having been established or at least constituted, by an order of the Central Government since a stock exchange cannot function without governmental recognition and SEBI grants such recognition as the Central...

'Government Cannot Be Held Ransom': Delhi High Court Upholds Rejection Of Vedanta's Oil Block Contract Extension Bid

The Delhi High Court on Wednesday upheld the Union Government's decision rejecting Vedanta Ltd's application for a ten-year extension of its Production Sharing Contract (PSC) for an offshore oil and gas block in Gujarat.Observing that the government "cannot be held ransom to the whims of a private company", the court held that Vedanta had rendered itself ineligible for an extension. It found that the company had unilaterally deducted the Government's share of Profit Petroleum towards its Special...

Delhi High Court Temporarily Restrains NBFC From Using 'Zepto' And 'Zepto Finance' Marks

The Delhi High Court has temporarily restrained an NBFC, Naman Finlease, and its directors from using the marks 'Zepto' and 'Zepto Finance' for their lending business. Justice Jyoti Singh passed the ad-interim order in a trademark infringement suit filed by quick-commerce platform Zepto, represented by Senior Advocate Swati Sukumar. Zepto submitted that it is the registered proprietor of the word mark and device mark ZEPTO, a coined term with no descriptive meaning or connection to any...

Supreme Court Dismisses Delayed Appeal Against NCLAT Judgment In Nagpur-Mumbai Expressway CDA Cartel Case

The Supreme Court on Wednesday refused to interfere with the National Company Law Appellate Tribunal's (NCLAT) judgment upholding the Competition Commission of India's (CCI) decision to close antitrust proceedings over the procurement of Crystalline Durability Admixture (CDA) for the Nagpur-Mumbai Super Communication Expressway project. The court dismissed the appeal after refusing to condone the delay in its filing. The proceedings had been initiated on a complaint by Apaar Infratech Pvt....

LiveLawBiz: Corporate Legal News Daily Round-Up: July 21, 2026

IBC Sale Certificate Issued By Liquidator In IBC Auction Exempt From Registration, Stamp Duty: Bombay High CourtNCLT Kolkata Rejects Bengal EMTA Coal Mines Resolution Plan Offering ₹86 Lakh Against ₹299 Crore ClaimsSupreme Court Issues Notice On Venugopal Dhoot's Plea To Include Videocon Foreign Oil Assets In VIL InsolvencyIPR Madras High Court Sets Aside Rejection of US Company's Patent For Pet Appetite DrugDelhi High Court Restrains Havai Home Products From Using 'HAVAI' Mark in Havells...

Star Health Data Breach | Cybersecurity Expert Moves Supreme Court Against Madras HC Order Refusing Probe

A plea has been filed in the Supreme Court challenging the Madras High Court's dismissal of petitions seeking directions to MeitY, IRDAI and SEBI to take action against Star Health and Allied Insurance Company over alleged cybersecurity vulnerabilities that put customers' personal data at risk. The appeal has been filed by cybersecurity expert Himanshu Pathak, proprietor of CyberX9, against the Madras High Court's judgment dismissing his writ appeals seeking such directions.A bench of Chief...