The Supreme Court held that non-disclosure of litigation by a state authority during a public auction vitiates the sale and mandated refund of the deposited amount with 9% interest, affirming transparency and restitution principles.

The Supreme Court held that non-disclosure of litigation by a state authority during a public auction vitiates the sale and mandated refund of the deposited amount with 9% interest, affirming transparency and restitution principles.

The Enforcement Directorate provisionally attached ₹1,885 crore in assets linked to Reliance Anil Ambani Group entities in ongoing bank fraud and fund diversion investigations, taking cumulative attachments close to ₹12,000 crore.

The Supreme Court ruled that a promoter’s undertaking to infuse funds is not a guarantee under Section 126 of the Contract Act and cannot sustain a Section 7 IBC application without an express promise to discharge the debtor’s liability.

Banks cannot enforce credit card recovery or impose charges where electronic transactions are disputed unless prior authorization is proven through verifiable and accountable authentication mechanisms.

The outgoing Chief Justice of India disclosed that a retired High Court Chief Justice had attempted to influence a judicial member of the NCLAT in a corporate matter. As the implicated judge retired before a formal inquiry could be commenced, the issue has been placed before the new CJI Surya Kant for administrative action.