Corporate
'Will US Authorities Cooperate If Indians Seek Information?' : Supreme Court Asks Pfizer On Plea To Access Indian Company's Docs
The Supreme Court today, while hearing a plea by US pharmaceutical giant Pfizer, asked whether foreign courts and Western Authorities would cooperate in providing information to India, when it comes to abiding by the principle of reciprocity. The bench of CJI Surya Kant and Justice Joymalya Bagchi was hearing the challenge to the Madras High Court order, which refused Pfizer to enforce...
Supreme Court Redraws The Tax Line On Amalgamations
The Supreme Court's judgment in Jindal Equipment Leasing Consultancy Services Ltd. v. Commissioner of Income Tax (2026) Livelaw (SC) 37 arrives with a seeming contradiction. It simultaneously widens the net of business-income taxation while raising the evidentiary drawbridge the Revenue must cross to haul it in. This is its defining feature. The decision performs a decisive...
SEBI's Merchant Banker Reforms: From Information Disclosure To Ex-Ante Discipline
Merchant Bankers (“MBs”) play a central role in India's capital market as intermediaries between the issuers and the investors. Their primary role and functions include but are not restricted to management of issues, compliance with laws, ensuring due diligence, and providing corporate advisory services, but over time, the absence of clearly demarcated boundaries governing the scope of activities to be undertaken by MBs resulted in a significant expansion of their roles, even in fields that did...
Supreme Court Dismisses JioStar's Challenge To CCI Probe On Alleged Abuse Of Dominance In Kerala Cable TV Market
The Supreme Court today(January 27) dismissed a challenge made by Jiostar Private Limited against the Kerala High Court's order holding that the allegations of abusing dominance in the Kerala television industry must be looked into by the Competition Commission of India. Asianet Digital Network Limited(ADNPL) has accused Jiostar of abusing its dominance in the television broadcasting space...
Double Jeopardy Bars Enhanced Departmental Penalty After Conviction In Criminal Appeal: Delhi High Court
A Division Bench of the Delhi High Court comprising Justice Navin Chawla and Justice Madhu Jain held that once a disciplinary authority has imposed a penalty based on a conviction, it cannot reopen the same incident to impose a harsher punishment merely because the criminal appeal results in a reduced sentence, as this violates the principle against double jeopardy. Background...
Supreme Court Seeks CBI, ED Status Reports On Probe Of Alleged Bank Fraud By Anil Dhirubhai Ambani Group Companies
The Supreme Court on Friday called for status reports from the Central Bureau of Investigation(CBI) and the Directorate of Enforcement (ED) with respect to their ongoing investigation into the alleged bank frauds perpetauted by Anil Dhirubhai Ambani Group companies and their promoter Anil Ambani.The reports have to be submitted in a sealed cover.A bench comprising Chief Justice of India...
S. 60(5)(c) IBC | NCLT Cannot Decide Trademark Ownership Dispute Which Isn't Related To Insolvency Proceedings: Supreme Court
The Supreme Court has held that the National Company Law Tribunal (NCLT), while exercising jurisdiction under Section 60(5) of the Insolvency and Bankruptcy Code (IBC), cannot adjudicate disputed questions of title to intellectual property if such determination goes beyond the scope of the approved resolution plan.The Court held that NCLT cannot decide title disputes over assets,...
Beyond The TRC: A Veil-Piercing Moment In International Tax Law
The Supreme Court's judgment in Authority for Advance Rulings (Income Tax) & others v. Tiger Global International Holdings 2026 LiveLaw (SC) 50 marks a moment where the long-standing tension in Indian tax law between form and substance is not merely acknowledged, but decisively addressed. Quietly, and without theatrics, the Court applies to international tax law an instinct long familiar...
Supreme Court Annual Digest 2025: Arbitration And Conciliation Act
Arbitration A non-signatory to an arbitration agreement cannot be permitted to remain present in arbitration proceedings, as it would breach confidentiality and exceed the Court's jurisdiction after appointing an arbitrator - Section 35 of the 1996 Act states that an award binds only parties to the arbitration and those claiming under them - 'Party' is defined by section 2(h) as...
Supreme Court Dismisses UCM Coal Company's Challenge To Rs.126 Cr Arbitral Award In Favor Of Adani Enterprises
The Supreme Court recently dismissed a challenge to the Allahabad High Court order which upheld an arbitral award of Rs.126 crores in favor of Adani Enterprises.A bench of Justices JK Maheshwari and Atul S Chandurkar passed the order in a petition filed by UCM Coal Company Ltd., a joint venture of Uttar Pradesh Rajya Vidyut Utpadan Nigam Ltd., Chhatisgarh Mineral Development Corporation...
Tribunal Can't Direct Reinstatement Without Considering Pending Criminal Matters: Delhi High Court
A Division Bench of the Delhi High Court comprising Justice Navin Chawla and Justice Madhu Jain held that even if dismissal is set aside in departmental proceedings, reinstatement and service benefits must be decided by the competent authority after considering the employee's subsequent criminal conviction on a different charge. Background Facts The respondent was a Constable in...
