The Madras High Court has ordered the CBI to investigate alleged corruption in TANGEDCO's transformer tenders (2021-2023). Allegations include bid rigging and inflated costs, totaling ₹397 crore on ₹1,183 crore procurement. This probe co...
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A Tokyo court will rule on September 10 regarding IHH Healthcare's subsidiary's JPY 200 billion claim against Daiichi Sankyo, alleging obstruction of Fortis Healthcare share acquisitions. The verdict creates major financial and strategic...
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The Supreme Court has ruled that liabilities from corporate guarantees are 'financial debt' under India's Insolvency and Bankruptcy Code (IBC), overturning previous tribunal decisions. This judgment reinstates the State Bank of India-led...
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The Enforcement Directorate (ED) has provisionally attached assets valued at ₹3,034 crore, involving Anil Ambani and Reliance Communications (RCOM), as part of a money laundering probe. The action targets properties intended to prevent a...
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India's Insolvency and Bankruptcy Code (IBC) has been significantly amended, enforcing stricter 14-day admission timelines and limiting withdrawals after the Creditors Committee (CoC) is formed. While designed to end long delays and misu...
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The Supreme Court is pushing for mediation in a major inheritance dispute over the Sona Group estate, valued at ₹40,000–45,000 crore. This legal battle introduces uncertainty for the listed company, Sona BLW Precision Forgings. Justices...
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India's patent opposition system is facing long delays, particularly in pharmaceuticals. The Indian Patent Office received 239 pre-grant and 101 post-grant oppositions in 2024-25, with proceedings often taking years. Courts are increasin...
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India's Supreme Court clarified bank fraud rules, stating banks don't need personal hearings for borrowers. However, they must now submit full forensic audit reports, with few exceptions. This speeds up bank processes but demands higher...
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India's Digital Personal Data Protection Act (DPDP Act), 2023, is drawing significant criticism over its appellate structure. Assigning appeals to the Telecom Disputes Settlement and Appellate Tribunal (TDSAT) has sparked debate due to T...
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The U.S. Commodity Futures Trading Commission (CFTC) is aggressively asserting exclusive federal jurisdiction over prediction markets, suing states like New York to block their attempts to regulate these platforms as illegal gambling. Th...
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The Bombay High Court ruled that the Employees' Provident Fund Organisation (EPFO) cannot deny pension benefits solely based on an employer's failure to submit records. The court mandated a comprehensive review of claims, treating pensio...
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The Supreme Court has halted arbitration between Dataevolve Solutions and Andhra Pradesh over allegations the company diverted ₹37 crore from traffic fines after its contract expired. This legal action, alongside a separate intellectual...
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Steel Authority of India (SAIL) has secured a temporary halt to a Competition Commission of India (CCI) antitrust probe. The Madras High Court stayed the investigation based on SAIL's claims of procedural errors, offering immediate relie...
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The Income Tax Appellate Tribunal (ITAT) has ruled tax authorities can't label cash deposits as unexplained income just based on assumptions about normal behavior. The decision means documented explanations, like redepositing cash previo...
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India's Central Bureau of Investigation is probing bribery allegations against Asteria Aerospace, a unit of Reliance Industries. The investigation centers on claims of payments to speed up drone import approvals, leading to arrests. This...
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Wisconsin is suing major crypto companies, including Kalshi, Coinbase, Polymarket, Robinhood, and Crypto.com. The lawsuit targets their prediction market operations. These markets let people bet on future events, and they've attracted gr...
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India's Madhya Pradesh High Court ruled that High Courts cannot appoint arbitrators for international commercial disputes. Only the Chief Justice of India or a delegate has this power under the Arbitration Act. The Ssangyong Engineering...
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The Ministry of Corporate Affairs (MCA) launched the Companies Compliance Facilitation Scheme, 2026 (CCFS-2026). This three-month initiative, active until July 15, empowers companies to file overdue e-forms, annual returns, and financial...
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Bharat Hotels faces an existential crisis as the Delhi High Court upheld the termination of The LaLit hotel's license and revived a ₹1,063.74 crore license fee demand. This judgment, citing a fundamental breach of the 1982 license deed,...
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India's Enforcement Directorate (ED) has filed charges against British national Sachin Dev Duggal, alleging he orchestrated a scheme to divert and launder about $2.03 billion from Videocon Industries. Duggal, chairman of Swiss firm nHold...
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