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Standing to challenge a concluded liquidation sale is not established merely by a prospective bidder's speculative assertion that it might have participated had later conditions been available during the e-auction. A person who neither participated in nor expressed interest in the auction, and is not otherwise affected, lacks a substantive basis to annul the e-auction, letter of intent, or sale certificate. Although costs may deter IBC litigation by strangers, they must remain proportionate; where the challenge did not delay liquidation, excessive costs warrant reduction. The sale remains undisturbed, while costs are reduced to a proportionate amount payable to the Prime Minister's Relief Fund.
Section 45's first proviso under the PMLA assesses the amount attributed to each accused, rather than the aggregate proceeds of crime in the prosecution. Its monetary-threshold exemption from twin bail conditions is discretionary and depends on the person's involvement and available material. Where material links an accused only to a confined transaction below the threshold, without direct or indirect participation in wider laundering, the accused may seek the proviso's benefit. Cancellation of bail requires perversity or fallacy in the discretion exercised, undue benefit, and prejudice to the prosecution; absent a need for custody or risk to investigation, release conditions may adequately address flight risk.
PMLA bail conditions require tangible grounds to believe that an accused is not guilty before regular bail can be granted. Prima facie financial, documentary and witness material connecting an accused to the design and operation of an investment scheme, mobilisation of funds, and movement or use of alleged proceeds may prevent satisfaction of that threshold, particularly while key witnesses remain unexamined. Custody duration must be assessed against the gravity of allegations and trial stage. Parity cannot be claimed where a co-accused received bail under the statutory exception for women or on materially different facts.
Rejection of a loan-recovery plaint on limitation under Order VII Rule 11(d) is warranted only when the plaint and relied-on material disclose an ex facie statutory bar. TDS deposited in relation to a loan may constitute payment on account of debt under the Limitation Act, creating a fresh limitation period. Signed balance confirmations and continuing TDS deductions may also raise triable issues concerning acknowledgment and payment, whose legal and evidentiary effect requires proof. The Trial Court's refusal to reject the plaint was sustained, with limitation left for determination after evidence.
Employment-agreement claims for unpaid salary, increments, sales commission and related dues concern a contract of personal service and fall outside the statutory definition of a commercial dispute under the Commercial Courts Act, 2015. Ordinary employer-employee disputes cannot be brought within that definition contrary to the legislative framework. Where such a recovery claim is filed before a Commercial Court, the plaint should be returned for presentation before the appropriate court rather than dismissed, avoiding the need to institute a fresh proceeding and incur further expense.
Customs & Trade
Dated:- 23-9-2026
PTI
Diplomatic engagement between the United States and Iran resumed amid an ongoing armed conflict. The engagement concerned reopening the Strait of Hormuz and returning to negotiations toward a settlement, while the United States position combined willingness to engage with threats of escalated military action if an agreement was not reached. Regional consultations also addressed risks to oil carriage, energy supplies, and navigation through strategic waterways.
Customs & Trade
Dated:- 23-9-2026
PTI
Comprehensive trade agreement negotiations between Canada and India are progressing, with both governments aiming to conclude discussions by the mid-December G20 summit. Formal negotiations commenced in March, accompanied by a broader commitment to complete the agreement by the end of 2026. The proposed arrangement forms part of renewed bilateral economic engagement and Canada's strategy to diversify trade relationships, strengthen market access and reduce dependence on a single market.
Customs & Trade
Dated:- 23-9-2026
PTI
Possible restrictions on diesel exports are being considered to address rising domestic diesel prices amid disruption to global refining capacity. Oil industry representatives oppose an export ban, contending that it could aggravate refinery-sector constraints and worsen supply conditions. They advocate increased supply and operational flexibility instead of new export restrictions, while farm-state senators support a diesel export ban.
Customs & Trade
Dated:- 22-9-2026
PTI
The Uttar Pradesh Enabling District-Led Economic Growth project is proposed to convert district-specific resources into investment, employment, entrepreneurship and export opportunities. Its framework combines economic activity with stronger local administration and major investment proposals suited to local needs. Economic diversification is to expand manufacturing and services alongside agriculture, while local products are to receive improved design, packaging and access to global markets. Proposed measures also include enterprise development, women entrepreneurship, skills training, healthcare, agricultural processing and polyhouse development.
FEMA / RBI
Dated:- 22-9-2026
PTI
The partnership integrates SKIMS outpatient ticketing and appointment booking with J&K Bank's Banking Correspondent network on a six-month pilot basis, enabling local access for patients in rural and remote areas. J&K Bank serves as SKIMS's banking partner, offers customised employee banking benefits, supports hospital infrastructure through corporate social responsibility assistance, enables public contributions to the poor-patient endowment fund through a mobile application, and provides digital financial literacy and wealth-management programmes.
PMLA / Black Money
Dated:- 22-9-2026
PTI
Survey and search operations under the Prevention of Money Laundering Act covered 26 premises, including the Greater Mohali Area Development Authority office and the Principal Secretary for Housing and Urban Development. AAP alleged that the action was intended to create fear and pressure among government officers and impede welfare and development initiatives. It described GMADA as a revenue-generating authority whose resources support public welfare, urban infrastructure and planned development.
PMLA / Black Money
Dated:- 22-9-2026
PTI
Money-laundering proceedings concerning alleged irregularities in public-service recruitment examinations include a prosecution complaint against the former CGPSC chairman and others. Allegations concern payments to facilitate selections, access to examination papers for candidates, and collection of consideration. A former examination official is alleged to have aided a recruitment-rule amendment removing "nephew" from the definition of family, allegedly facilitating selection of relatives. The investigation is linked to an economic-offences FIR, a CBI complaint and related chargesheets.
Documentary proof of gold purchase must be examined before confiscation or penalties for alleged smuggling can stand.
Documentary evidence supporting the stated lawful purchase of seized gold must be verified and analysed before determining whether it is of foreign origin or smuggled. Acknowledgement of invoices without specific findings on their evidentiary value does not address the defence concerning the gold's source. Failure to examine material purchase evidence renders absolute confiscation and the related penalty determination unsustainable; no conclusion on the merits of the alleged smuggling follows without that assessment.
Additional evidence before the first appellate authority must be considered where necessary for a merits-based decision and fair adjudication.
Rule 46A(4) permits the first appellate authority to admit additional evidence where it is necessary for a merits-based disposal, even if no formal Rule 46A application has been made. Section 250(4) further requires that authority to conduct, or direct the Assessing Officer to conduct, further inquiry where circumstances warrant it. Refusing relevant material solely for want of a formal application and sustaining an unexplained-investment addition without deciding the merits is inconsistent with fair adjudication and natural justice. The matter requires fresh adjudication after adequate opportunity to furnish relevant evidence.
Regular bail assessment in CGST offences considers offence severity, investigative necessity, witness protection, antecedents, and protective conditions.
Regular bail in alleged CGST offences was considered where the offences were triable by a Magistrate and carried neither death nor life imprisonment. Absence of need for further custodial investigation, together with the complainant's public-servant status, reduced concerns of witness intimidation and evidence tampering. The gravity of the allegations and the petitioner's antecedents remained relevant to conditions designed to prevent interference with proceedings and recurrence of similar conduct.
FEMA / RBI
Dated:- 22-9-2026
PTI
Proposed nationwide three-day bank strike from 28-30 September 2026 follows an inconclusive conciliation meeting. The strike is linked principally to the demand for five-day banking, with reconsideration contingent on concrete and positive progress toward its implementation. Other demands cover pension upgradation, a uniform dearness allowance formula for pensioners, and an option for National Pension System-covered employees to switch to the old pension scheme.
PMLA / Black Money
Dated:- 22-9-2026
PTI
Maintainability of PMLA proceedings is contested where the alleged scheduled offence originates in a private complaint rather than an FIR. Respondents contend that a private complaint cannot form the basis for an Enforcement Case Information Report, money-laundering investigation, or prosecution, because the statutory framework recognises predicate-offence action through an FIR or a complaint by a person authorised to investigate.
Corp. Laws / SEBI / IBC
Dated:- 22-9-2026
PTI
Securities-market settlement proceedings concerning five Adani group companies addressed alleged non-compliance with listing-related disclosure and audit-report requirements. Allegations included failure to disclose certain related-party transactions and audit or limited-review reports signed by firms lacking a valid peer review certificate. While adjudication remained pending, the companies proposed settlement without admitting or denying the findings of fact or conclusions of law.
PMLA / Black Money
Dated:- 22-9-2026
PTI
Use of court-related affidavits in pending money-laundering proceedings must remain within the judicial process. The Bombay High Court cautioned Vijay Mallya against publishing on social media an Enforcement Directorate affidavit served on his legal team before its submission to the court, stating that parties should place their submissions before the court and that such publication undermines the efficacy of judicial proceedings.
The Central Government de-notifies 10.23 hectares from the IT/ITES Special Economic Zone at Kattigenahalli and Venkatala villages after statutory and related requirements were fulfilled. The removed land comprises specified survey numbers in Kattigenahalli village. The SEZ's notified area is consequently reduced from 12.14 hectares to 1.91 hectares, limiting its notified territorial extent accordingly.