Supreme court
Criminal Prosecution After Settlement Of Loan Before DRT Abuse Of Process : Supreme Court Quashes Cheating & Forgery Case
The Supreme Court on Friday (May 29) quashed the criminal proceedings initiated against a borrower under Sections 420 and 471 of the Indian Penal Code, holding that continuation of prosecution after a settlement of the loan account by way of an approved compromise settlement before the Debts Recovery Tribunal (DRT) would amount to abuse of process of court.The Court framed the central issue as whether a criminal prosecution for cheating and forgery could continue after the loan account had been...
Supreme Court Asks States To Consider Using Software For Automatic Consideration Of Prisoners' Premature Release
The Supreme Court has directed the implementation of a digital processing module to automate the consideration of premature release applications of prisoners in Uttar Pradesh, after uncovering widespread delays in the State's remission system and irregular releases of convicts pursuant to a judicial direction that was subsequently declared bad in law.The Court also asked all States and UTs to develop a software along similar lines in collaboration with the NIC or otherwise, for the automatic...
Supreme Court Grants Relief To Reliance Industries In 2007 RPL Futures Trading Case, Sets Aside SEBI's ₹447 Crore Disgorgement Order
The Supreme Court on Friday (May 29) set aside the ₹447.27 crore disgorgement order imposed by the Securities and Exchange Board of India, being approved by the Securities Appellate Tribunal, on Reliance Industries Ltd (RIL) in connection with alleged manipulative trading in the futures segment of Reliance Petroleum Ltd. (RPL) during November 2007. Partly allowing the appeal filed by Reliance Industries Limited, a bench of Justice JB Pardiwala and Justice R Mahadevan held that the finding of...
Supreme Court Weekly Digest April 24 - 30, 2026
Arbitration and Conciliation Act, 1996 - Section 16, Section 16(5), Section 16(6), Section 34, and Section 37(2) – Maintainability of Section 34 application against rejection of Section 16 plea – When an Arbitrator rejects an application filed under Section 16(2) or 16(3) challenging the jurisdiction of the Tribunal (such as on the ground of limitation), the aggrieved...
IBC | Once CoC Approves Resolution Plan, Successful Resolution Applicant Can't Negotiate Further : Supreme Court
The Supreme Court has reaffirmed the binding nature of Committee of Creditors (CoC)-approved resolution plans under the Insolvency and Bankruptcy Code, 2016 (IBC), holding that a Successful Resolution Applicant (SRA) cannot indirectly back out of a plan by later objecting to conditions that were discussed and accepted during CoC meetings. A bench comprising Justice K.V. Viswanathan and Justice Vipul M. Pancholi declined to interfere with the concurrent findings of the NCLT and NCLAT, which had...
Arbitration | Writ Jurisdiction Can't Be Invoked To Challenge Arbitrator's Decision Under Section 16 : Supreme Court
The Supreme Court has held that while exercising its Writ Jurisdiction, it is impermissible for the High Courts to interfere with the arbitral tribunal's order passed under Section 16 of the Arbitration & Conciliation Act, 1996. “It was not open for the learned Single Judge in exercise of writ jurisdiction to enter into the merits of the dispute while adjudicating the challenge to an...











