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1. Delhi High Court dismisses PIL over IFCI's NSE share sale, imposes Rs 5 lakh cost

Delhi High Court dismisses PIL over IFCI's NSE share sale, imposes Rs 5 lakh cost - Litigation - 3 min read Delhi High Court dismisses PIL over IFCI's NSE share sale, imposes Rs 5 lakh cost The Delhi

Delhi High Court dismisses PIL over IFCI's NSE share sale, imposes Rs 5 lakh cost

Delhi High Court dismisses PIL over IFCI's NSE share sale, imposes Rs 5 lakh cost - Litigation - 3 min read Delhi High Court dismisses PIL over IFCI's NSE share sale, imposes Rs 5 lakh cost The Delhi High Court has dismissed a Public Interest Litigation (PIL) challenging the sale of shares of the National Stock Exchange of India Limited (NSE) by IFCI Limited, holding that the petitioner had failed to disclose an earlier case filed by him before the Bombay High Court on substantially similar issues. A division bench comprising Chief Justice Devendra Kumar Upadhyaya and Justice Tejas Karia also imposed exemplary costs of Rs 5 lakh on the petitioner, Parinay Sharma. The amount has been directed to be paid to the Delhi High Court Bar Clerks' Association within two weeks. The PIL had sought directions relating to IFCI's divestment of its NSE shareholding. The petitioner had also sought disclosure of the ownership and ultimate beneficiaries of certain Mauritius-based funds, including DVI Fund (Mauritius) Ltd. and Soach Global Opportunities Fund, besides an examination by SEBI and possible investigation by the CBI. The petitioner alleged that the shares were sold at a lower valuation and claimed that the transaction had caused a substantial notional loss to IFCI and, consequently, the public exchequer. However, the court did not examine the merits of these allegations. The court noted that the petitioner had already filed a writ petition before the Bombay High Court on May 2, 2026, concerning substantially similar issues.

2. NCLAT dismisses Panshul Agro Food's insolvency plea, terms it misuse of IBC

NCLAT dismisses Panshul Agro Food's insolvency plea, terms it misuse of IBC

NCLAT dismisses Panshul Agro Food's insolvency plea, terms it misuse of IBC - Litigation - 2 min read NCLAT dismisses Panshul Agro Food's insolvency plea, terms it misuse of IBC The Insolvency Appellate Tribunal NCLAT has dismissed the plea of Panshul Agro Food filed under Section 10 to bring the company under the insolvency process, noting that it was moved with malicious intent. A two-member NCLAT bench upheld the order of the Ahmedabad bench of the National Company Law Tribunal (NCLT), which has not only dismissed the petition but also imposed a fine of Rs 10 lakh. However, the National Company Law Appellate Tribunal (NCLAT) reduced the penalty imposed on the company from Rs 10 lakh to Rs 5 lakh, citing lack of proportionality in the original order. "We are in agreement with the conclusion drawn by NCLT that the application under Section 10 of the Code has been moved with malicious intent and therefore the same has been correctly dismissed, and to that extent the impugned order is liable to be affirmed," it said. Panshul Agro Food LLP had sought to initiate Corporate Insolvency Resolution Process (CIRP) against itself, citing default of Rs 42.20 crore. Section 10 of the IBC allows a debtor to initiate an insolvency resolution process against itself if it has committed any default. Section 65 deals with the fraudulent or malicious initiation of voluntary Insolvency proceedings and grants power to the NCLT to impose a fine of up to Rs one crore. SBI had extended a credit facility of Rs 28.44 crore to Panshul Agro Food in 2019, later enhanced to Rs 40.19 crore in July 2024.

3. Brazil sues Discord for $100 mln in child safety case

Brazil sues Discord for $100 mln in child safety case

Brazil sues Discord for $100 mln in child safety case - International - 2 min read Brazil sues Discord for $100 mln in child safety case The Brazilian government on Wednesday said it was suing the Discord messaging platform for nearly $100 million in damages over its alleged failure to protect children from harmful content and demanded it adopt stronger safeguards. "The lawsuit seeks to compel the Discord platform to adopt effective measures to protect children, adolescents, and women in the digital environment," said the statement. The Brazilian government on Wednesday said it was suing the Discord messaging platform for nearly $100 million in damages over its alleged failure to protect children from harmful content and demanded it adopt stronger safeguards. Brazil's National Data Protection Agency (ANPD) ordered Discord to suspend livestreams earlier this month after a 13-year-old girl was goaded into killing herself during a livestream. A government statement said the lawsuit filed Tuesday in the capital, Brasilia, was brought after failed negotiations with Discord, whose proposals were "deemed insufficient to eliminate the identified risks." "It also requests that the company be ordered to pay R$ 500 million ($97 million) in compensation for collective moral damages." The messaging platform, with over 90 million active daily users, agreed to suspend livestreaming in Brazil on August 17, assuring it was working "to make Discord safer for teens." However, Brasilia said it "continues to exhibit flaws in its age verification and user protection mechanisms," exposing users to serious risks, such as those that resulted in the girl's death in July. Five teenagers and an adult have been arrested in connection with the suicide in a small town in central-western Brazil. Over 45 minutes, the teens allegedly encouraged the girl…

4. Can't adjudicate in public: CJI on judge's letter against Rajasthan Chief Justice

Can't adjudicate in public: CJI on judge's letter against Rajasthan Chief Justice

Can't adjudicate in public: CJI on judge's letter against Rajasthan Chief Justice Can't adjudicate in public: CJI on judge's letter against Rajasthan Chief Justice Chief Justice of India Surya Kant said Justice Sandeep Mehta's allegations against Rajasthan High Court Acting Chief Justice Sanjeev Prakash Sharma will be examined through the institutional process. He said no finding can be drawn in public and any action will follow consideration of Mehta's material and Sharma's response. Chief Justice of India Surya Kant on Wednesday said allegations against a sitting judge must be dealt with strictly through the established institutional mechanism and cannot be adjudicated in the public domain, referring to concerns raised by Supreme Court judge Justice Sandeep Mehta in his letters regarding Rajasthan High Court Acting Chief Justice Sanjeev Prakash Sharma. In a statement issued amid reports surrounding the controversy, the CJI said he and the other members of the Supreme Court Collegium were already working on the appointment of Chief Justices in the remaining High Courts and had considered the issues flagged by Justice Mehta. The CJI made it clear that the allegations contained in the letters cannot be adjudicated in the public domain and that the concerned judge must be given a fair opportunity to place his response before any conclusion is reached. “The fact that allegations have been made cannot by itself be treated as a finding against the judge,” the statement said. The CJI emphasised that the Supreme Court cannot allow individual complaints concerning judges to be determined through competing claims in the media, underscoring that such matters must be addressed through established institutional processes rather than public debate. According to the statement, the matter is being examined at the appropriate level and the process will take into…

5. Dr. Abhishek Manu Singhvi in Conversation with Chitra Rentala, Partner, Trilegal | TEASER

Abhishek Manu Singhvi in Conversation with Chitra Rentala, Partner, Trilegal | TEASER - Industry - 1 min read Dr. Abhishek Manu Singhvi in Conversation with Chitra Rentala, Partner, Trilegal | TEASER

1. Harinder Singh Sodhi vs. State of Rajasthan and Ors. (24.08.2026 - SC)(MANU/SC/0958/2026)

The Supreme Court of India addressed whether the property in question, subject to a gift deed, should be classified as 'industrial' or 'commercial' for stamp duty purposes under the Rajasthan Stamp Ac

2. Pradeep and Ors. vs. Jagadishwari and Ors. (20.08.2026 - SC)(MANU/SC/0957/2026)

The Supreme Court of India addressed a dispute involving Pradeep and others against Jagadishwari and others, originating from a 1940 partition suit. The core issue was whether a compromise regarding a

3. Union of India (UOI) and Ors. vs. The Board of Trustees of the Port of Bombay (25.08.2026 - SC)(MANU/SC/0956/2026)

The Supreme Court of India addressed whether the Notification dated 11.10.2000, which approved the Mumbai Port Trust as a custodian under Section 45(1) of the Customs Act, was valid, thereby making it

4. Tata Steel Limited vs. Union of India (UOI) through the Secretary Ministry of Finance and Ors. (25.08.2026 - SC)(MANU/SC/0955/2026)

The Supreme Court of India addressed the issue of whether a Show Cause Notice (SCN) issued to Tata Steel Limited under Section 74 of the Central Goods and Services Tax Act, 2017, could be sustained wi

5. Hafiz Rashid Ahmed Choudhury vs. Kripanath Mallah and Ors. (24.08.2026 - SC)(MANU/SC/0952/2026)

The Supreme Court of India addressed the appeal by Hafiz Rashid Ahmed Choudhury against Kripanath Mallah and others, concerning the rejection of an Election Petition under Section 86 of the Representa

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