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S. 96 CPC | Non-Parties Can Challenge Consent Decree With Leave If Their Rights Are Affected: Supreme Court

The Supreme Court on Friday (October 30) reiterated that there's no bar to file an appeal against the consent decree by a stranger if it shows that the consent decree prejudicially affects his rights or interests. Also, a leave to appeal cannot be denied to such a stranger merely because he was not party to a consent decree, if shown that the consent decree materially affects his rights or interests. A bench of Justice JB Pardiwala and Justice K. Vinod Chandran explained that the principle of...

Supreme Court Directs Atibir Industries To Pay ₹375 Crore To Settle SBI Loan Dispute

The Supreme Court has directed Atibir Industries Co. Ltd. to pay an additional ₹125 crore to an asset reconstruction company (ARC) to achieve a full and final settlement of its loan dispute with the State Bank of India (SBI), while leaving open the legal questions concerning the classification of its loan account as a non-performing asset (NPA) and the subsequent assignment of the debt. A bench of Chief Justice of India Surya Kant and Justices Joymalya Bagchi and V. Mohana passed the order in...

Income Tax Reassessment | S. 292BB Cannot Cure Absence Of S.143(2) Notice Even If Assessee Participated : Supreme Court

The Supreme Court on Wednesday (28 October) has held that a notice under Section 143(2) of the Income Tax Act, 1961 is mandatory for reassessment proceedings under Section 147, and that Section 292BB cannot save a reassessment where the Revenue Authority admittedly never issued such a notice. This holds even if the assessee participated and cooperated in the proceedings.A bench of Justice Sanjay Kumar and Justice Sanjeev Sachdeva dismissed the appeals filed by the Revenue Authority, upholding...

Supreme Court Upholds Conviction Of Former Sub Registrar In Disproportionate Assets Case

The Supreme Court upheld the conviction of a former Sub-Registrar under the Prevention of Corruption Act, 1988 (PC Act) for possessing assets disproportionate to his known sources of income. It also held that once the prosecution establishes the disproportion with reference to known sources of income, the burden squarely rests on the accused to show that the assets were acquired from lawful sources.A bench of Justice Sanjay Kumar and Justice Sanjeev Sachdeva held so while dismissing the appeal...

Section 482 of the CrPC | Cheque Bounce Case | Time-Barred Debt | Appellate Court

The Supreme Court on Thursday (October 29) clarified that its May 2026 judgment in M/s Mansi Finance (Chennai) Ltd. v. M. Lalitha & Ors. should not be understood as having laid down a pan-India precedent that unlicensed money lenders can maintain complaints under Sections 138 and 141 of the Negotiable Instruments Act, 1881 over loans advanced against negotiable instruments.The Court stated that the May judgment dealt with only the Tamil Nadu Money Lenders Act. Moneylenders in Maharashtra...

[Arbitration and Conciliation Act, 1996] Arbitral Award Cannot Be Set Aside Merely On The Ground Of Erroneous Application Of Law Or By Misappreciation Of Evidence : Supreme Court

The Supreme Court has reiterated that an arbitral tribunal cannot rewrite the parties' contract or grant relief contrary to its terms. A bench of Justice Sanjay Kumar and Justice Sanjeev Sachdeva heard the dispute that arose from a property development transaction between the parties. The matter was referred to arbitration, where the majority of the arbitral tribunal granted relief in favour of the respondents, including specific performance. The arbitral award was challenged before the...