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1. NCLAT upholds PF, gratuity dues for Jet Airways employees, rejects SBI appeal

NCLAT upholds PF, gratuity dues for Jet Airways employees, rejects SBI appeal

NCLAT upholds PF, gratuity dues for Jet Airways employees, rejects SBI appeal In a significant relief for thousands of former Jet Airways employees, the National Company Law Appellate Tribunal (NCLAT) on Tuesday (June 30, 2026) upheld an NCLT order directing the airline’s liquidator to pay provident fund (PF) and gratuity dues to workmen and employees in full, dismissing appeals filed by the State Bank of India (SBI) and seven other financial creditors. The NCLAT also rejected the plea by the banks that payment of provident fund, gratuity and pension fund dues be part of the liquidation estate, where they would be subjected to competing claims from various creditors under the Insolvency and Bankruptcy Code’s (IBC) distribution mechanism. SBI and other banks had claimed that such an exclusion was contingent on the existence of a fund for PF and gratuity at the beginning of the liquidation which was not the case, but this premise was rejected by the NCLAT. While upholding the NCLT’s February 4 order on PF and gratuity dues, the appellate tribunal also ordered that May 20, 2020 be the effective date for calculating the 24 months’ worth of workmen’s dues under the IBC. SBI wanted the litigation period to be included, which would have extinguished the workmen’s claim to priority payment of dues. Jet Airways has around 11,800 workmen, in addition to its other employees, whose claims are part of the liquidation proceedings. Employee groups estimate the airline’s outstanding provident fund (PF) and gratuity dues at around ₹265 crore. “We are very elated with the NCLAT order which upholds workers rights. It has been a very long legal battle for us, and we hope that justice prevails,” said Narayan Hariharan, former senior Vice President at, Jet Airways, and a member of the Jet Airways Officers and Staff Association.

2. NCLAT sets aside insolvency against Vikram Solar, as debt below Rs 1-cr threshold

NCLAT sets aside insolvency against Vikram Solar, as debt below Rs 1-cr threshold

NCLAT sets aside insolvency against Vikram Solar, as debt below Rs 1-cr threshold - Litigation - 2 min read NCLAT sets aside insolvency against Vikram Solar, as debt below Rs 1-cr threshold A two-member bench of the National Company Law Appellate Tribunal (NCLAT) also directed refund of Rs 91,98,556/- deposited by Vikram Solar, the entire admitted operational debt claimed by its creditor Isitva Steels. New Delhi, Appellate tribunal NCLAT has set aside an NCLT order directing the initiation of insolvency proceedings against Vikram Solar, noting that the operational debt involved was below the minimum threshold of Rs 1 crore prescribed under the Insolvency and Bankruptcy Code (IBC). A two-member bench of the National Company Law Appellate Tribunal (NCLAT) also directed refund of Rs 91,98,556/- deposited by Vikram Solar, the entire admitted operational debt claimed by its creditor Isitva Steels. Moreover, the bench comprising Justice Yogesh Khanna and Technical Member Naresh Salecha, also said "settlement, if any, can be adverted to between the parties." The NCLAT direction came during the hearing on Monday, which contended that the insolvency petition should not have been admitted as the amount claimed was less than Rs 1 crore, the threshold prescribed under Section 4 of the IBC Code. This was also acknowledged by the operational creditor's counsel that the overall debt was below Rs 1 crore. Recording their submissions, the appellate tribunal held that since the due amount was less than Rs 1 crore, the admission order dated June 12, 2026 could not be sustained. "Taking the submissions of both the Counsel on record, and since it is admitted case that the due amount was less than Rs one crore, the admission order dated June 12, 2026, stands set aside," said NCLAT. The NCLAT direction came over an appeal filed by Sameer Nagpal, director of Vikram Solar,…

3. CCI clears Aditya Birla-led consortium’s ₹16,660 crore buyout of IPL team RCB

CCI clears Aditya Birla-led consortium’s ₹16,660 crore buyout of IPL team RCB

CCI clears Aditya Birla-led consortium’s ₹16,660 crore buyout of IPL team RCB Fair trade regulator Competition Commission of India (CCI) on Tuesday (June 30, 2026) cleared the acquisition of IPL franchise Royal Challengers Bangalore by a consortium of Aditya Birla Group, The Group, Bolt Ventures and Blackstone in a ₹16,660-crore all-cash deal. Also read | Vijay Mallya takes swipe at critics who laughed at his investment in RCB as ‘vanity project’ In March this year, United Spirits Ltd (USL) announced the sale of IPL franchise Royal Challengers Bangalore (RCB) in a ₹16,660-crore all-cash deal to the consortium. "CCI approves acquisition of 100% shareholding of Royal Challengers Sports by a consortium comprising Big Banyan Holdings, Bolt IPL Holdings, Times Internet, Times Cricket, ICQ Opportunities, Asia Investment Topco II and others," the regulator said in a post on X. Deals beyond a certain threshold require approval from the regulator, which keeps a tab on unfair business practices as well as promotes fair competition in the marketplace. Published - June 30, 2026 08:07 pm IST --- CCI clears Aditya Birla-led consortium's Rs 16,660 cr buyout of IPL team RCB - Regulators - 1 min read CCI clears Aditya Birla-led consortium's Rs 16,660 cr buyout of IPL team RCB In March this year, United Spirits Ltd (USL) announced the sale of IPL franchise Royal Challengers Bangalore (RCB) in a Rs 16,660 crore all-cash deal to the consortium. - Published On Jun 30, 2026 at 09:52 PM IST New Delhi, Fair trade regulator CCI on Tuesday cleared the acquisition of IPL franchise Royal Challengers Bangalore by a consortium of Aditya Birla Group, The Group, Bolt Ventures and Blackstone in a Rs 16,660 crore all-cash deal. In March this year, United Spirits Ltd (USL) announced the sale of IPL franchise Royal Challengers Bangalore (RCB) in a Rs 16,660 crore all-cash deal to the consortium. The Competition Commission of India (CCI) said it has approved the proposed deal. "CCI approves acquisition of 100 per cent shareholding of Royal Challengers Sports by a consortium comprising Big Banyan Holdings, Bolt IPL Holdings, Times Internet, Times Cricket, ICQ Opportunities, Asia Investment Topco II and others," the regulator said in a post on X.

4. Budget tax proposal lifts spirit of long-pending feni project in Kannur

Budget tax proposal lifts spirit of long-pending feni project in Kannur

Budget tax proposal lifts spirit of long-pending feni project in Kannur Even as the Kerala government’s proposal to have a low sales tax rate on low-alcohol beverages has triggered sharp criticism from a section within the ruling United Democratic Front and the Opposition Left Democratic Front, it has revived hopes for the long-pending ‘Kannur Feni’ project of Payyavoor Service Cooperative Bank, which is awaiting final approval from the Excise Minister after nearly a decade of regulatory and administrative processes. The Excise department has completed inspections of the project, conceived to manufacture Kannur Feni (K-Feni), and the proposal has been forwarded by the Excise Commissioner. The final approval now rests with the Excise Minister, says T.M. Joshy says the proposal was formally submitted during the tenure of the last two LDF governments. However, the project had remained stalled over the issue of taxation. The proposed beverage will have an alcohol content of about 20%. Under the Revised Budget proposal, beverages with alcohol content ranging from 10% to 20% would attract a sales tax of 175%, much lower from the 251% charged on hard liquor. “The proposal will significantly improve the project’s commercial viability,” Mr. The bank plans to establish a distillery at Kunhiparamba, near Payyavoor, on 2.5 acres of leased land, with an initial production capacity of 1,000 litres a day.

5. Beyond The Soap Opera: Why India Is Still Debating Marital Rape Law

Beyond The Soap Opera: Why India Is Still Debating Marital Rape Law Outside the television frame in the real India, the petition seeking criminalisation of marital rape is awaiting hearing in Supreme

1. Mathu vs. State of Uttarakhand (25.06.2026 - SC)(MANU/SC/0657/2026)

The Supreme Court of India addressed the appeal of Mathu alias Jagdish against his conviction under Section 304/34 of the Indian Penal Code for the culpable homicide of Padam Singh Shahi. The core iss

2. Shankar Dutt vs. United India Insurance Co. Ltd. and Ors. (24.06.2026 - SC)(MANU/SC/0656/2026)

The Supreme Court of India addressed the appeal by Shankar Dutt against United India Insurance Co. Ltd. and others, concerning the enhancement of compensation for injuries sustained in a vehicular acc

3. M. Paramesh vs. VRL Logistics Ltd. and Ors. (23.06.2026 - SC)(MANU/SC/0649/2026)

The Supreme Court of India addressed the appeal by M. Paramesh against VRL Logistics Ltd. and others, focusing on the adequacy of compensation for injuries sustained in a motor accident. The Court fou

4. The Oriental Insurance Company Limited vs. Kalu Ram and Ors. (23.06.2026 - SC)(MANU/SC/0648/2026)

The Supreme Court of India addressed the dispute between The Oriental Insurance Company Limited and Kalu Ram and others regarding compensation for a motor accident that resulted in the death of Akash

5. Israfil vs. State of Madhya Pradesh (23.06.2026 - SC)(MANU/SC/0647/2026)

The Supreme Court of India addressed the issue of the quantum of sentence for Israfil, who was convicted for using a forged document to secure bail, under Sections 420, 467, 468, and 471 of the Indian

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