Page 62 - Supreme Court

Govt weighing next move after SC's JSW-BPSL order: DFS Secretary M Nagaraju

The DFS is assessing the Supreme Court's Bhushan Steel ruling with lenders and may chart next steps soon; IDBI Bank's 61 per cent stake sale will conclude in 2025

SC puts assets, appointment process of judges in public for transparency

In a bid to enhance transparency, the Supreme Court on Monday said it has uploaded statements of assets of judges on its website, in accordance with a full-court decision to place the relevant details in the public domain. "The full court of the Supreme Court of India has on April 1, 2025 decided that the statements of assets of the judges of this court shall be placed in the public domain by uploading the same on the website of this court. Statements of assets of judges already received are being uploaded. Statements of assets of other judges will be uploaded as and when the current statement of assets is received," a release issued by the court said. The top court has also placed the complete process of appointments to the high courts and the Supreme Court, including the role assigned to the High Court Collegium, the role of and inputs received from the state governments, Union of India and consideration by the Supreme Court Collegium, on its website for the knowledge and awareness

SC flags RP's failures in Bhushan Power and Steel's insolvency plan

Supreme Court cites non-compliance by resolution professional in Bhushan Power case, declaring JSW Steel's plan illegal and urging greater due diligence under IBC

Trading in Bitcoin in India is refined way of doing Hawala business: SC

The Supreme Court on Monday said trading in Bitcoin in India is like "dealing with a refined way of Hawala business" as it lamented that the Centre has till now not come out with a clear regime on regulating virtual currency. A bench of Justices Surya Kant and N Kotiswar Singh made the remarks while dealing with a bail application of Shailesh Babulal Bhatt who was arrested by the police for alleged illegal Bitcoin trade. The bench said that two years back while dealing with a case related to Bitcoin trade it had asked the Centre to apprise the court about the policy regime on the trade of virtual currency but till now it has not received any response. Senior advocate Mukul Rohatgi, appearing for Bhatt, submitted that trading in Bitcoin is not illegal in India after the apex court quashed a circular of the Reserve Bank of India and therefore his client was wrongly arrested. Justice Surya Kant told Rohatgi that though he personally does not understand much about Bitcoin, but the cour

No difference between skill and chance in GST levy, Centre tells SC

Centre argues before Supreme Court that betting on game outcomes is gambling and attracts 28% GST, regardless of whether the game is based on skill or chance

SC terms delay in verdicts 'very disturbing', to issue mandatory norms

Frowning upon the Jharkhand High Court for not pronouncing verdicts after reserving them for years, the Supreme Court on Monday sought reports within a month from all high courts on cases where judgements have been reserved on or before January 31. A bench of Justices Surya Kant and N Kotiswar Singh termed such non-pronouncement of verdicts by courts a "very disturbing issue" and said it will lay down some mandatory guidelines for the high courts. "Let us see. Honestly speaking it is a very disturbing issue but we don't know the circumstances -- why it has happened -- but we would like to definitely lay down some mandatory guidelines. It cannot be allowed to happen like this," the bench observed. The top court perused a report of the registrar general of Jharkhand High Court on a plea of four life convicts who have complained that the high court has not pronounced its verdict on their criminal appeals despite reserving its order in 2022. "Having perused the report sent by the ...

JSW Steel may need to rework Odisha plan after SC order on BPSL: Analysts

JSW Steel's ambitious cost optimization plans hit a roadblock as it will have to rework its strategy in Odisha after the Supreme Court order to liquidate Bhushan Steel and Power Ltd (BPSL), according to a BigMint report. Last week on Friday, the Supreme Court set aside a resolution plan submitted by JSW Steel for Bhushan Steel and Power Limited (BSPL), holding it illegal and in violation of the Insolvency and Bankruptcy Code (IBC). In its analysis report, BigMint said, "BPSL's strategic importance was in its location in the eastern part of India where JSW Steel had taken up considerable iron ore mining assets. The company's Netrabandha iron ore mine in Odisha, expected to commence production in Q1FY26 with an estimated capacity of 2 MT per annum, could have resulted in significant cost optimization of BPSL's operations.". Besides JSW Steel has Narayanposhi Iron Ore & Manganese Block (185.1 MT reserve), Ganua Iron Ore Block (118.92 MT reserve) and Nuagaon Iron Ore Block (789 05 MT .

SC says High Courts not giving verdicts in criminal appeals is 'disturbing'

The Supreme Court's observation follows the Jharkhand High Court's failure to deliver verdicts in 67 criminal appeals reserved between January 2022 and December 2024

SC summons Samay Raina, warns of coercive steps over disability jokes

The Supreme Court warned of coercive action if Samay Raina and others fail to appear over alleged mockery of people with disabilities and is considering guidelines for online content

Court's power to modify arbitral awards: A cure worse than the disease

Arbitration users worry over poor-quality awards and prolonged litigation; some propose allowing courts to modify awards, but this raises concerns over finality and judicial overreach

Cash row: SC panel submits report to CJI on charges against Justice Varma

The Supreme Court-appointed three-judge panel has submitted its inquiry report to Chief Justice of India Sanjiv Khanna on the cash discovery allegations against Allahabad High Court judge Justice Yashwant Varma. The three-member panel comprising Justice Sheel Nagu, Chief Justice of the Punjab and Haryana High Court, Justice G S Sandhawalia, Chief Justice of the Himachal Pradesh High Court and Justice Anu Sivaraman of the Karnataka High Court finalised its report on May 3. The report, which was submitted to the CJI on May 4 for further actions, if any, reportedly contains the findings of the panel into the alleged cash discovery row following a fire at Justice Varma's Lutyens Delhi residence at around 11.35 pm on March 14, prompting the fire officials to rush to the spot and douse it. The controversy was raised following a news report in the cash discovery row and led to several steps, including a preliminary inquiry by Delhi High Court Chief Justice D K Upadhyaya and taking away ...

Bench led by next CJI BR Gavai to hear pleas against Waqf Act: SC

The Supreme Court on Monday said the pleas challenging the Waqf (Amendment) Act's constitutional validity will be taken up by a bench headed by Chief Justice of India-designate Justice B R Gavai on May 15. As soon as a bench comprising Chief Justice Sanjiv Khanna and Justices Sanjay Kumar and K V Viswanathan assembled for the hearing, the CJI said, There are certain aspects which you (Centre) dealt with, but that require clarification. I do not want to reserve any judgment or order at this interim stage. This matter will have to be heard on a reasonably early date and this will not be before me. CJI Khanna demits office on May 13 and will be succeeded by CJI-designate Justice Gavai a day after his superannuation. We have not very deeply gone into the counter affidavit (of the Centre). Yes, you have raised certain points in regards to registration (of Waqf properties) and have given some disputed figures, that will require some consideration, the CJI said. We would have loved to pur

'Publicity without public cause': SC rebukes petitioner over Pahalgam plea

The two-judge pulled up advocate Vishal Tiwari for filing the plea and berated the petitioner for acting without 'sensibility'

Govt preparing response to SC verdict on ₹19,700 cr JSW-Bhushan Power deal

The Supreme Court rejected JSW Steel's resolution of BPSL under the corporate insolvency resolution process, ordering the liquidation of the debt-laden company

Supreme Court to hear Waqf petitions, decide on interim order today

The Centre had told the Supreme Court that it would not denotify any waqf properties or make appointments to the Central Waqf Council and boards until May 5

SC seeks govt's reply on plea against blocking of YouTube channel '4 PM'

The Supreme Court on Monday sought responses from the Centre and others on a petition seeking quashing of the order blocking YouTube channel '4 PM'. A bench of Justices B R Gavai and K V Viswanathan agreed to hear the plea and issued notices to the Centre and others seeking their responses on the petition. The plea, filed by Sanjay Sharma who runs the YouTube channel, has sought a direction to the Centre to produce the blocking order with reasons and records, if any, for blocking the channel. It has also sought a direction to quash the blocking order after calling upon the Centre to produce the blocking order with reasons and records. Senior advocate Kapil Sibal, appearing for the petitioner, said no notice was issued to the petitioner before the blocking order was passed. "The whole channel is blocked and no reason," Sibal said, adding "the only information I have is from the intermediary". "Ex-facie it is unconstitutional," he said. The bench, while issuing notice on the plea,

Best of BS Opinion: Of arbitration, agreements, and artificial intelligence

Our opinion page today makes a strong argument for better management of the arbitration process, as well as the precedent that the Supreme Court's judgement sets

BPSL liquidation: MCA, IBBI study SC order to assess IBC implications

"We are examining the order and seeing what learnings can be taken from there in terms of IBC regulations and processes," the government official said

BPSL liquidation: SC setback may be a minor bump as JSW expands capacity

Loss of BPSL could trim JSW Steel's total steel production capacity by 12%

Resolution rejected: SC verdict on Bhushan Power & Steel raises questions

The order is a blow to lenders. As experts have told this newspaper, lenders will have to return the recovery received through the resolution process