Page 2 - Supreme Court

SC upholds Sebi action against Kotak AMC, MD Nilesh Shah, and others

Supreme Court upholds Sebi's findings against Kotak AMC in the Essel FMP case, citing regulatory lapses and compliance failures

SC upholds royalty calculation framework under MMDR Act provisions

Top court rules royalty, DMF and NMET payments can remain part of mineral sale value while computing average sale price, upholding the constitutional validity of the rules

Supreme Court to hear Sebi challenge to SAT relief for Nusli Wadia

Supreme Court to examine Sebi's challenge to SAT's split verdict clearing Nusli Wadia and Bombay Dyeing in a financial reporting case

Ayodhya Ram temple donation 'theft' row: SC seeks status report from SIT

The Supreme Court has sought a status report from the Uttar Pradesh SIT probing alleged donation embezzlement at the Ram temple and issued notice to the temple trust

Supreme Court sends Kalyani siblings' ₹1 trn family dispute to mediation

The Supreme Court has referred the long-running Kalyani family dispute over ancestral wealth and promoter stakes in listed companies, including Bharat Forge, to mediation

SC refuses to entertain plea seeking nationwide ban on viewing pornography

A bench led by CJI Surya Kant held that although the issue raised in the petition was of 'paramount importance', it did not involve a question of law warranting the Court's examination

SC seeks SIT report on pleas seeking probe into Ram temple donations row

The Supreme Court on Monday directed the Special Investigation Team formed by the Uttar Pradesh government to probe the alleged embezzlement of donation money at the Ram temple in Ayidhya to submit a status report in the matter. A bench comprising Chief Justice Surya Kant and Justices Joymalya Bagchi and V Mohna also issued a notice to the Shri Ram Janmabhoomi Teerth Kshetra Trust on pleas seeking a fair and time-bound probe into the donations 'theft' row. Narendra Kumar Goswami, one of the three petitioners, moved the top court seeking a CBI probe into the matter. He also sought a Comptroller and Auditor General (CAG) audit of the finances of the Sri Ram Janmabhoomi Theerth Kshetra Trust, which manages the affairs of the Ram temple. Ajay Kumar Rai and Dinesh Kumar Yadav filed the second petition seeking similar measures. Besides seeking a Supreme Court-monitored CBI probe, the third petition filed by RJD MP Sudhakar Singh has sought a forensic audit of the entire finances of the .

Parsvnath case: SC freezes bank accounts, issues warrants against directors

The Supreme Court on Monday froze the bank accounts of Parsvnath Developers and its directors, and issued bailable warrants against the company's leadership after taking note of a 20-year struggle by senior citizens to secure possession of their homes. A bench comprising Chief Justice of India Surya Kant and Justices Joymalya Bagchi and V Mohana expressed grave concern over the "slumber" of regulatory authorities and suggested a "collusion" between the Haryana state machinery and the builder. The case pertained to a petition filed by one Rita Tikku, a cancer survivor, and Lokaish Tikku, who invested their life savings in the "Parsvnath Exotica" project in Sector 53, Gurugram. The petitioners were allotted residential units in 2006, with a Flat Buyer Agreement signed in early 2007. Despite paying the full sale consideration of approximately Rs 1.78 crore, the possession, originally due in 2013, never materialised. Two decades later, the project remains incomplete. The petitioners h

Citizenship status must be decided through fair, reasonable process: SC

The Supreme Court observed while setting aside Gauhati High Court judgments that had upheld declarations of 27 appellants as foreigners

Supreme Court to take up dressage selection row ahead of Asian Games

The Supreme Court on Friday said it would hear next week pleas challenging the Delhi High Court's refusal to interfere with the non-selection of riders Anush Agarwalla and Sudipti Hajela in India's dressage team for the upcoming Asian Games in Japan. A bench of justices Manoj Misra and Shree Chandrashekhar told senior advocates Maninder Singh and Rahul Mehra, appearing for the riders, that the judges have not gone through the case files, as they received them late at night. "Sorry, we will have it next week. Case files reached us late at night. Appropriate bench may take it," the bench observed as it listed the matter next week. The Asian Games will be held from September 19 to October 4. On Thursday, Supreme Court judge KV Viswanathan recused himself from hearing the pleas of the riders. Earlier, the top court said that the plea will be taken up for hearing after the counsel submitted that the selection is scheduled to be held on July 15. On July 6, the high court refused to ...

SC to hear pleas seeking probe into Ram temple donations case on July 13

The Supreme Court would hear a batch of pleas seeking a fair and time-bound probe into the alleged embezzlement of donations at the Ram temple in Ayodhya on July 13. On July 7, an Ayodhya court granted one-day police remand for three of the eight accused arrested in connection with the alleged theft of donations at the Ram temple. The court authorised the remand for Anukalp Mishra, Lavkush Mishra and Karunesh Pandey. On June 29, a local court had sent all the eight accused to 14-day judicial custody. According to the Supreme Court website, a bench comprising Chief Justice Surya Kant and justices Joymalya Bagchi and V Mohana will hear as many as three petitions filed on the issue when the apex court reopens on Monday. Narendra Kumar Goswami, one of the three petitioners, has moved the top court seeking a CBI probe into the incident. He also sought a Comptroller and Auditor General (CAG) audit of the finances of the Sri Ram Janmabhoomi Theerth Kshetra Trust, which manages the affairs

Parsvnath case: Settlement talks can't stall insolvency once default found

The Supreme Court upheld the revival of insolvency proceedings against Parsvnath Developers, ruling that settlement negotiations cannot delay admission once debt and default are established

SC flags conflict over written grounds of arrest, may refer to larger Bench

The Supreme Court noted conflicting rulings on whether investigating agencies must furnish written grounds of arrest and indicated the issue may require authoritative resolution by a larger Bench

SC upholds rejection of ₹85 cr insolvency plea against Essar Power Gujarat

The Supreme Court has upheld the rejection of an insolvency plea against Essar Power Gujarat, holding that a genuine pre-existing dispute barred proceedings under the IBC

Supreme Court directs BCI to audit advocate disciplinary mechanism

The Supreme Court has directed the Bar Council of India to review its disciplinary mechanism and that of State Bar Councils to improve accountability, transparency and regulatory oversight

SC seeks response from Centre, CBSE on Gulf Board assessment scheme

The Supreme Court has sought responses from the Centre and CBSE on a plea challenging the evaluation formula adopted after Class XII Board examinations were cancelled in Gulf countries

Karur stampede: SC rejects DMK plea on TN ministers' influencing witnesses

The Supreme Court on Tuesday pulled up the DMK for questioning Tamil Nadu Chief Minister C Joseph Vijay's scheduled meeting with the families of the Karur stampede victims, and refused to entertain its plea alleging that state ministers were influencing witnesses in the case. A partial working day bench of Justices KV Viswanathan and Alok Aradhe asked the DMK as to how can the court regulate the visit of the executive head. The bench asked the DMK, represented by senior advocate Ranjit Kumar, how does visiting stampede victims amount to influencing witnesses. Vijay is scheduled to meet the families of the stampede victims on July 10. The court told Kumar that the DMK may wish to withdraw its plea and avail any other remedy under law or else the court will dismiss it. Kumar agreed to withdraw the plea with liberty to approach any other forum. The top court dismissed the plea as withdrawn. DMK secretary RS Bharati had filed the plea seeking to restrain the Tamil Nadu chief ministe

Karur stampede: SC to hear plea alleging bid to influence witness on July 7

The Supreme Court on Monday agreed to list on July 7 a plea filed by the DMK alleging that ministers in the Tamil Nadu government were "actively influencing" witnesses in the CBI probe into last year's Karur stampede case. A partial working day bench of Justices Ahsanuddin Amanullah and Sheel Nagu agreed to list the matter on Tuesday after senior advocate Huzefa Ahmadi, appearing for DMK Secretary RS Bharati, sought an urgent hearing. The plea also seeks to restrain Tamil Nadu Chief Minister C Joseph Vijay, state minister Aadhav Arjuna and other accused people from making public statements on the case and to regulate their interaction with victims' families during the pendency of the CBI probe. Ahmadi told the court that witnesses were being "actively influenced" by ministers in the state government and expressed apprehension that Vijay's proposed visit to Karur on July 10 to meet victims' families could affect the investigation. Ahmadi submitted, "This court directed a CBI probe.

AI is shaping decisions. But who is liable when it gets it wrong?

The Supreme Court's scrutiny of AI-generated citations has exposed a larger issue: the Indian legal framework still does not clearly define who is liable when AI gets it wrong

SC halts Delhi govt-ordered CAG audit of power distribution companies

The Supreme Court on Friday stayed the Delhi government's CAG audit of power discoms ordered against the backdrop of a staggering Rs 38,500 crore accumulated over the years as Regulatory Assets (RA) to be recovered from consumers. A partial working day bench of Justices KV Viswanathan and Shree Chandrashekhar took note of the submissions of Solicitor General Tushar Mehta, appearing for power regulator Delhi Electricity Regulatory Commission (DERC) and senior advocate Abhishek Singhvi, appearing for private discoms. On Thursday, the Delhi government ordered a CAG audit of power discoms. The Comptroller and Auditor General (CAG) of India was to undertake a "strict and intensive" audit of the circumstances under which discoms - BSES Rajdhani Power Ltd (BRPL), BSES Yamuna Power Limited (BYPL) and Tata Power Delhi Distribution (TPDDL) - had continued without recovery of regulatory assets.