NCLT Rejects Byju's' Plea to Halt Aakash's Proposed Rights Issue

The National Company Law Tribunal (NCLT) at Bengaluru, has recently refused to grant interim relief to insolvent ed-tech Byju's (Think and Learn Pvt Ltd) in its bid to stop Aakash Educational Services Ltd. (AESL) from proceeding with a proposed rights issue.The order, allows AESL to hold its Extraordinary General Meeting (EGM) on October 29 as scheduled.The order was passed by a coram...

Supreme Court To Examine If Transfer Of Leasehold Rights Attracts GST

The Supreme Court is set to examine whether the assignment of leasehold rights constitutes a “transfer of land” or amounts to a “supply of service” under the Goods and Services Tax (GST) regime.A bench of Justice Pankaj Mithal and Justice Prasanna B. Varale was dealing with Centre's plea challenging a Gujarat High Court judgment that held that assignment of leasehold rights in land...

SEBI Bars 'First Overseas Capital' From Securities Market For 2 Years, Imposes ₹20 Lakh Penalty For Multiple Violations

The Securities and Exchange Board of India (SEBI) on Thursday barred First Overseas Capital Limited (FOCL), a registered merchant banker, from accessing the securities market and taking on new issue management mandates for two years, after finding multiple violations of securities laws.This included misrepresentation of financial position, non-compliance with net worth requirements, and...

Provisions Of SC/ST Act Can't Be Used To Prevent Banks From Enforcing Security Interests: Delhi High Court

The Delhi High Court recently held that prima facie, the provisions of the Scheduled Castes and Scheduled Tribes (Prevention of Atrocities) Act, 1989 cannot be invoked to prevent the enforcement of a mortgage or security interest by a bank.A single bench of Justice Sachin Datta while staying a summons issued by the National Commission for Scheduled Tribes (NCST) to Axis Bank's top...

Can Multi-State Cooperative Societies Submit Resolution Plans Under IBC? Supreme Court To Consider

The Supreme Court recently directed that the Central Registrar of Multi-State Cooperative Societies be made a party to the appeal filed by a multi-state co-operative society against a National Company Law Appellate Tribunal (NCLAT) judgment that had held the society ineligible to submit a resolution plan for a company under the Insolvency and Bankruptcy Code, 2016.A bench of Justice JB...

UP Anti-Conversion Law Puts Onerous Conditions, Mandate To Publish Details Of Converted Person May Need Scrutiny : Supreme Court

While quashing FIRs against the Vice Chancellor and other officials of the Sam Higginbottom University of Agriculture Technology and Science (SHUATS), Prayagraj, over alleged forced mass religious conversions of people to Christianity, the Supreme Court raised concerns over some provisions of the Uttar Pradesh Prohibition of Unlawful Conversion of Religion Act, 2021.The Court noted that the...

Centre Notifies Enforcement of Key Nomination Related Provisions of Banking Laws (Amendment) Act, 2025 From November 1

The Central Government, through the Ministry of Finance, has issued a notification stating that few key provisions of the Banking Laws (Amendment) Act, 2025 [2025 Amending Act]― relating to nomination, shall come into effect on November 1, 2025.The 2025 Amending Act, which was first notified on April 15, 2025, prescribed amendments in the Reserve Bank of India Act, 1934; Banking Regulation...

Lok Pal Dismisses Complainant Alleging Gender Segregation In University, Says Matter Beyond Its Jurisdiction

The Lokpal of India has dismissed a complaint filed against the Vice Chancellor of Sathyabama University, Chennai, observing that the case falls outside its jurisdiction under the Lokpal and Lokayuktas Act, 2013.The complaint, dated October 4, 2025, had alleged that the Vice Chancellor misused his authority by enforcing gender segregation in classrooms, prohibiting male and female students...

Supreme Court To Hear SCBA's Contempt Petition Against Lawyer Who Tried To Hurl Shoe At CJI On October 27

The Supreme Court will hear on Monday (October 27) the petition filed by the Supreme Court Bar Association seeking criminal contempt proceedings against Advocate Rakesh Kishore for his attempt to throw a shoe at the Chief Justice of India during proceedings on October 6.A bench comprising Justice Surya Kant and Justice Joymalya Bagchi will hear the matter.On October 16, Senior Advocate...

India's Basic Structure Doctrine Used By Many Global Jurisdictions To Reinforce Constitutional Supremacy : CJI BR Gavai

Chief Justice of India BR Gavai, on Thursday delivered the keynote address at the Fifth “Wisdom for Future” Talk Series hosted by the Jigme Singye Wangchuck School of Law at the Royal Institute of Management Convention Hall, Thimphu, Bhutan. Speaking on the theme “Courts and Constitutional Governance,” Justice Gavai underlined that the basic structure doctrine, one of the cornerstones...

Mumbai Custodial Death Case : Supreme Court Orders To Preserve CCTV Footage & Medical Documents

The Supreme Court recently issued notice to the State of Maharashtra and ordered the preservation of CCTV footage and medical documents in an alleged case of custodial torture of a 19-year-old boy, who died in custody whilst incarcerated at Mumbai Central Prison. The notice on the special leave petition was issued by a bench comprising Justice MM Sundresh and Vipul M Pancholi on October 13....

Supreme Court Summons Haryana Authority Over Cutting Trees For Access To BJP's Karnal Office; Orders Status Quo

The Supreme Court recently issued notice to the State of Haryana and ordered status quo in regard to the development that has taken place in Sector 9-Karnal, where authorities are allegedly trying to carve out the road from the green belt adjoining the GT Road to give access to the Bharatiya Janata Party to its newly built office in the residential area, by cutting more than 40 trees. A...