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1. PIL in HC seeks headphone-based audio-enabled VVPAT system in polls

PIL in HC seeks headphone-based audio-enabled VVPAT system in polls A public interest litigation petition has been filed in the Madras High Court seeking a direction to Election Commission of India (E

PIL in HC seeks headphone-based audio-enabled VVPAT system in polls

PIL in HC seeks headphone-based audio-enabled VVPAT system in polls A public interest litigation petition has been filed in the Madras High Court seeking a direction to Election Commission of India (ECI) to introduce headphone based-audio enabled Voter Verifiable Paper Audit Trail (VVPAT) system during the polling for Tamil Nadu Legislative Assembly elections on April 23, 2026. The petition filed by Chennai-based public charitable trust Nethrodaya, working primarily for the empowerment of the visually challenged, has been listed for hearing before the first Division Bench of Chief Justice Sushrut Arvind Dharmadhikari and Justice G.

2. JSW Steel plan for Colour Roof India faces fresh test as NCLT reopens bidding

JSW Steel plan for Colour Roof India faces fresh test as NCLT reopens bidding - Litigation - 1 min read JSW Steel plan for Colour Roof India faces fresh test as NCLT reopens bidding The insolvency res

JSW Steel plan for Colour Roof India faces fresh test as NCLT reopens bidding

JSW Steel plan for Colour Roof India faces fresh test as NCLT reopens bidding - Litigation - 1 min read JSW Steel plan for Colour Roof India faces fresh test as NCLT reopens bidding The insolvency resolution process for Colour Roof (India) Ltd has been reopened by the NCLT, Mumbai Bench, after applications by erstwhile promoters were partially allowed. JSW Steel's subsidiary, JSWSCPL, previously declared the successful applicant, is assessing the order. The insolvency resolution process of Colour Roof (India) Ltd has been reopened after the National Company Law Tribunal (NCLT), Mumbai Bench, partially allowed applications filed by a consortium led by the company’s erstwhile promoters. In a regulatory filing, JSW Steel said its wholly owned subsidiary, JSW Steel Coated Products Ltd (JSWSCPL), is currently assessing the April 13 order passed by the NCLT and will decide its next steps accordingly. JSWSCPL had earlier emerged as the successful resolution applicant for Colour Roof (India) Ltd after the committee of creditors (CoC) approved its resolution plan and issued a letter of intent in April 2025. The plan was submitted in July 2024 and subsequently amended in April 2025. However, the tribunal has now directed the inclusion of certain applicants—previously excluded from the final list of prospective resolution applicants—allowing them to submit their resolution plans. It has also permitted existing bidders to revise their financial offers upward and asked the CoC to reconsider all plans afresh before declaring the successful resolution applicant, JSW Steel said.

3. White & Case advises Revenio on acquisition of Visionix

White & Case advises Revenio on acquisition of Visionix - International - 1 min read White & Case advises Revenio on acquisition of Visionix White & Case LLP has advised Revenio Group Corporation (Rev

White & Case advises Revenio on acquisition of Visionix

White & Case advises Revenio on acquisition of Visionix - International - 1 min read White & Case advises Revenio on acquisition of Visionix White & Case LLP has advised Revenio Group Corporation (Revenio) on its agreement to acquire LT International SAS. The transaction will result in Revenio acquiring the entire share capital of the group parent company and becoming a leading solutions provider in the global eye care market. White & Case LLP has advised Revenio Group Corporation (Revenio) on its agreement to acquire LT International SAS, the parent company of the Visionix International group (Visionix), with an enterprise value of €290 million. "Advising Revenio on this transaction showcases White & Case's ability to deploy a truly integrated, cross-border team across every dimension of a complex deal. Our lawyers in Finland, France, the United States, China, Italy, Germany, Spain and Belgium brought expertise spanning across multiple practices, delivering seamless, coordinated advice to our client," said White & Case partner Timo Airisto, who co-led the Firm's deal team. The transaction will result in Revenio acquiring the entire share capital of the group parent company and becoming a leading solutions provider in the global eye care market. Revenio is a supplier of ophthalmic diagnostics and software under the iCare brand, while Visionix has broad capabilities in diagnostic, screening, refraction, and finishing solutions. This transaction represents a significant milestone in Revenio’s growth strategy, combining highly complementary products, software and customer portfolios, increasing Revenio’s total addressable market and laying the foundation for a broader and more integrated eye care offering for professionals across optometry, optical retail, and ophthalmology.

4. Supreme Court closes Sandesara fraud case after Rs 5,000 crore settlement

Supreme Court closes Sandesara fraud case after Rs 5,000 crore settlement Supreme Court closes Sandesara fraud case after Rs 5,000 crore settlement During the proceedings, the Sandesara Group paid Rs

Supreme Court closes Sandesara fraud case after Rs 5,000 crore settlement

Supreme Court closes Sandesara fraud case after Rs 5,000 crore settlement Supreme Court closes Sandesara fraud case after Rs 5,000 crore settlement During the proceedings, the Sandesara Group paid Rs 3,507 crore directly to the lending consortium, while an additional Rs 1,192 crore was recovered through liquidation. In its compliance order dated December 17, 2025, the Supreme Court recorded a final settlement deposit of Rs 5,111.43 crore. The Supreme Court has closed the 13,000 crore bank fraud case against Sterling Biotech promoters Nitin and Chetan Sandesara after the brothers paid over Rs 5,100 crore and agreed to settle the remaining Rs 8,100 crore, quashing all criminal proceedings against them. The Sandesara brothers were accused of taking large loans from Indian banks before fleeing the country in 2017, after which they were declared fugitive economic offenders. During the proceedings, the Sandesara Group paid Rs 3,507 crore directly to the lending consortium, while an additional Rs 1,192 crore was recovered through liquidation. In its compliance order dated December 17, 2025, the Supreme Court recorded a final settlement deposit of Rs 5,111.43 crore, taking the total recovery to around Rs 9,800 crore. The total outstanding, according to lenders, amounts to over Rs 19,000 crore. However, an FIR filed by the CBI in 2017 pegged the outstanding amount at over Rs 5,300 crore.

5. TCS cautions potential secondary risks if Middle East tensions prolong

TCS cautions potential secondary risks if Middle East tensions prolong - Corporate & Business - 2 min read TCS cautions potential secondary risks if Middle East tensions prolong Tata Consultancy Servi

TCS cautions potential secondary risks if Middle East tensions prolong

TCS cautions potential secondary risks if Middle East tensions prolong - Corporate & Business - 2 min read TCS cautions potential secondary risks if Middle East tensions prolong Tata Consultancy Services (TCS) reported that ongoing geopolitical tensions in the Middle East have had a limited and localized impact on its operations, primarily affecting the Middle East region and the travel and transportation sector. The company assured that all employees and their families in the Middle East are safe and receiving support. Tata Consultancy Services (TCS) said the ongoing geopolitical tensions in the Middle East have had a limited and localised impact on its operations so far, with no broader spillover across other geographies or industry verticals, even as it continues to monitor the evolving situation closely. During its earnings conference call for the March quarter, TCS management said any direct impact from the geopolitical situation has largely been restricted to the Middle East region and, to some extent, the travel and transportation sector. K Krithivasan, Chief Executive and Managing Director, said the impact has been restricted to the Middle East and to some extent into our travel and transportation industry, and we have not seen a major impact in other industries so far. However, a prolonged conflict leading to supply-chain disruptions could create secondary effects over time. "If thingscontinue and if it results in further supply chain disruption or any other secondary issues, it may have an impact," he highlighted. From a people perspective, TCS said all its employees and their families stationed in the Middle East are safe.

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