[SARFAESI Act] HC Cannot Interfere In Commercial Matters When Relief Is Available Before DRT: Kerala High Court

The Kerala High Court reaffirmed that the interference of the High Court in commercial matters under Article 226 was not maintainable when an effective statutory remedy is available before the Debts Recovery Tribunal (DRT) under Section 17 of the SARFAESI Act.The Division Bench comprising Justice Anil K Narendran and Justice Muralee Krishna S were delivering the judgment in a writ appeal filed...

Supreme Court Seeks Union & SEBI Responses On Sahara Company's Plea To Sell Assets To Adani Properties Ltd

The Supreme Court on Tuesday (October 14) sought the response of the Union Government and SEBI on the applications filed by Sahara India Commercial Corporation Ltd seeking permission to sell its 88 properties, including Amby Valley in Maharashtra and Sahara Seher in Lucknow, to Adani Properties Pvt Ltd.The Court directed Sahara to implead the Ministries of Finance and Corporate Affairs in...

Saraswati Power Moves NCLAT Against Reinstatement of Y S Jagan Mohan Reddy as Shareholder; Tribunal Orders Status Quo

Saraswati Power and Industries Pvt Ltd has moved the National Company Law Appellate Tribunal (NCLAT), Chennai challenging a National Company Law Tribunal (NCLT) order that reinstated former Andhra Pradesh Chief Minister Y S Jagan Mohan Reddy, his wife Y S Bharathi, and Reddy's mother Y S Vijaya as shareholders in the company.A bench of Justice N Seshasayee and Technical member Jatindranath...

CCI Tells Delhi High Court It Will Defer Summons Issued To Madison Communications Executives Amid Ongoing Probe

The Competition Commission of India informed the Delhi High Court on Tuesday that the summons issued to Madison Communications's executives for appearing today will be adjourned, after a request was made by the advertising agency. The statement was made by Senior Advocate Jayant Mehta appearing for CCI before Justice Sachin Datta. Mehta said that although summons were issued to...

Karnataka High Court Orders Jet Airways To Pay ₹13 Lakh In Back Wages To Dismissed Employee Despite Liquidation

The Karnataka High Court recently directed liquidation bound Jet Airways to pay back wages of ₹13,00,000, along with accrued interest, to a former employee who was dismissed from its services.A division bench of the High Court dismissed Jet Airways' plea challenging a 2017 Industrial Tribunal order on the grounds that the workman's right to the back wages had "crystallized on the date of...

Pharma Company Roche Approaches Supreme Court Against Delhi High Court Allowing Natco To Make Generic Drug For Spinal Muscular Atrophy

Swiss pharmaceutical giant F Hoffmann-La Roche AG has approached the Supreme Court against the Delhi High Court's order allowing Natco Pharma to manufacture and sell a generic drug of Risdiplam, a drug used to treat Spinal Muscular Atrophy (SMA).The counsel for Roche mentioned the matter before Chief Justice of India for urgent listing. CJI agreed to list the matter.On October 9, a division...

Bank Cannot Retain One Company's Fixed Deposit For Group Company's Loan: NCLAT

The National Company Law Appellate Tribunal (NCLAT) at Delhi has recently held that a bank cannot retain a fixed deposit belonging to one company to recover dues from another, even if they are part of the same group.The case involved Reliance Communication Infrastructure Limited (RCIL), which had placed a fixed deposit of Rs. 27.60 crore with the Industrial and Commercial Bank of China...

Delhi High Court Dismisses Revenue's Demand Against Casio India In Transfer Pricing Case

The Delhi High Court has recently dismissed a transfer pricing demand against Casio India, a wholly-owned subsidiary of the Japanese watchmaker, related to advertising, marketing and promotion expenses for the assessment year 2017-18The Division Bench of Justice V Kameswar Rao and Justice Vinod Kumar ruled that the issue had already been settled in Casio's favour in previous years and...

Gauhati High Court Quashes ₹19.5 Crore GST Notice Against PepsiCo

The Gauhati High Court recently quashed a ₹19.5 crore show cause notice (SCN) issued to food and beverage giant PepsiCo India Holdings Pvt. Ltd. under the CGST Act, ruling that the GST department failed to comply with the mandatory process of return scrutiny before initiating tax demand proceedings.In a judgment delivered on September 19, 2025, a single bench of Justice Soumitra Saikia...

Asian Paints Moves Supreme Court Against CCI Probe

Asian Paints has approached the Supreme Court challenging the Bombay High Court decision that upheld the Competition Commission of India's (CCI) order to investigate the company for alleged abuse of dominant position in the decorative paints market.The investigation was initiated following a complaint filed by Aditya Birla Group's Grasim Industries on July 1.This follows the Bombay High...

CCI Dismisses Abuse Of Dominance Complaint Against Google Over Play Store Ban

The Competition Commission of India (CCI) on Monday dismissed a complaint filed by Liberty Infospace Pvt. Ltd. against Google, ruling that the tech giant did not abuse its dominant position by terminating the company's developer account on the Google Play Store.The Commission found no prima facie violation under Section 4 of the Competition Act, 2002, and closed the case without directing...

Bombay High Court Dismisses Anil Ambani's Plea Against SBI Classifying His Loan Account As "Fraud"

The Bombay High Court on Friday refused to quash the order passed by the State Bank of India (SBI), which classified the loan account of Reliance Communications and also its chairman Anil Ambani as "fraud."A division bench of Justices Revati Mohite-Dere and Dr Neela Gokhale pronounced the order.Notably, Ambani and his company account's classification as "fraud" was made on June 13, 2025,...