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1. NCLAT upholds liquidation of Ushdev International, junks Taguda's Rs 227-cr revival plea

NCLAT upholds liquidation of Ushdev International, junks Taguda's Rs 227-cr revival plea

NCLAT upholds liquidation of Ushdev International, junks Taguda's Rs 227-cr revival plea - Litigation - 3 min read NCLAT upholds liquidation of Ushdev International, junks Taguda's Rs 227-cr revival plea A two-member NCLAT bench has upheld the order passed by the Mumbai bench of the National Company Law Tribunal (NCLT), which had directed initiating of liquidation for Ushdev International, which was engaged in ferrous metal trading and wind power generation. New Delhi, Insolvency appellate tribunal NCLAT on Monday dismissed an appeal by Singapore-based Taguda Pte Ltd against the liquidation of Ushdev International, holding that the resolution applicant's "persistent and inordinate failure" to implement its plan for over three years left the NCLT with no other option. A two-member NCLAT bench has upheld the order passed by the Mumbai bench of the National Company Law Tribunal (NCLT), which had directed initiating of liquidation for Ushdev International, which was engaged in ferrous metal trading and wind power generation. Over the submission of Taguda -- one of the bidders for Ushdev International -- that it is ready to immediately pay Rs 227 crore, the National Company Law Appellate Tribunal (NCLAT) said this proposal has already been rejected by the Stakeholders' Consultation Committee in their meetings. They "are of the opinion that they have no faith in the Appellant (Taguda), and that the proposal made... is merely a delaying tactic without actual deposit of amount in liquidation account, without any intent to perform even after four years from the date of Plan Approval Order," observed a bench comprising Justice N Seshasayee and Technical Member Arun Baroka. The NCLAT also imposed a cost of Rs 5 lakh on Taguda, to be deposited in the Prime Minister's Care Fund, observing that the company had "misused the judicial process" by prolonging the…

2. POCSO pendency and torturous process further victimise children subjected to sexual abuse

POCSO pendency and torturous process further victimise children subjected to sexual abuse

POCSO pendency and torturous process further victimise children subjected to sexual abuse A staggering 18,733 POCSO cases are pending in various courts across the 38 districts in Tamil Nadu, as of June 2026. But the pendency is merely the proverbial tip of the iceberg; the whole problem also includes patchy support services for children who opt to go through the procedural justice system. Among the courts with the highest pendency of cases are the POCSO Court in Madurai with 1,000 cases unresolved; Tiruppur’s Fast Track Mahila Court with 790 pending cases; Chennai’s POCSO Court with 747 cases; and Tenkasi Principal District Court with 702 cases. In 2019, the Supreme Court directed that in any judicial district where more than 100 cases are pending under the POCSO Act, an exclusive, designated special court must be set up to try only these offences. In 37 of the 38 districts in Tamil Nadu, the pending cases number over 100, but there are only 20 POCSO courts. In 2023, the Registrar of the Madras High Court sent a proposal to the State government to start eight special courts exclusively for POCSO cases — one each in Erode, Krishnagiri, Namakkal, The Nilgiris, Ramanathapuram, Tiruchi, Tiruvarur, and Tiruppur. “These courts have still not come up,” says Vidya Reddy of Tulir-CPCHSA. It seems all the starker if you juxtapose it against the pendency of cases in the courts. In the Juvenile Justice Boards, which also hear POCSO cases, daily hearings are held only in Chennai.

3. NCLT rejects insolvency plea against auto dealer, says IBC cannot be used as debt recovery tool

NCLT rejects insolvency plea against auto dealer, says IBC cannot be used as debt recovery tool

NCLT rejects insolvency plea against auto dealer, says IBC cannot be used as debt recovery tool - Litigation - 2 min read NCLT rejects insolvency plea against auto dealer, says IBC cannot be used as debt recovery tool The petition was filed by eight financial creditors against NCS Autocars Pvt Ltd in Pathanamthitta district, who claimed that the company had defaulted on loans worth Rs 4 crore advanced in two tranches in September and December 2023. Kochi, The Kochi bench of the National Company Law Tribunal (NCLT) has dismissed an insolvency petition against a Kerala-based auto dealer, ruling that the Insolvency and Bankruptcy Code (IBC) cannot be used as a mechanism to recover private debts. The petition was filed by eight financial creditors against NCS Autocars Pvt Ltd in Pathanamthitta district, who claimed that the company had defaulted on loans worth Rs 4 crore advanced in two tranches in September and December 2023. After part repayments, they claimed outstanding dues of Rs 3.82 crore, including Rs 2.55 crore in principal and Rs 1.27 crore in interest. However, the tribunal said the case appeared to be "a debt recovery action rather than a bona fide invocation of the insolvency resolution mechanism contemplated under the Code." The bench of Judicial Member Vinay Goel and Technical Member Ravichandran Ramasamy noted that the creditors relied mainly on demand promissory notes, with no formal loan agreement on record. It also found that several post-dated cheques issued by the company had not been presented for payment and that the creditors had not pursued remedies available under the Negotiable Instruments Act. The tribunal observed that substantial interest had been deducted in advance before the loans were disbursed and that the borrowers repaid the principal through weekly instalments. Using an illustrative example based on the loan structure, it said…

4. TCS Nashik conversion case: Accused Nida Khan gets bail 2 months after arrest

TCS Nashik conversion case: Accused Nida Khan gets bail 2 months after arrest TCS Nashik conversion case: Accused Nida Khan gets bail 2 months after arrest A Nashik court granted bail to Nida Khan and

5. Karnataka High Court quashes disproportionate assets case against Sarfaraz Khan, terms Lokayukta police probe flawed

Karnataka High Court quashes disproportionate assets case against Sarfaraz Khan, terms Lokayukta police probe flawed

Karnataka High Court quashes disproportionate assets case against Sarfaraz Khan, terms Lokayukta police probe flawed In a setback to the Lokayukta police, the High Court of Karnataka has quashed the disproportionate assets (DA) case registered against Sardar Sarfaraz Khan, a retired public servant and former Private Secretary of the then Housing Minister B.Z. Zameer Ahmed Khan, a few days before his retirement from service on December 31, 2025. Nagaprasanna passed the order while allowing a petition filed by Mr. Sarfaraz, who had questioned the regularity of the First Information Report (FIR) registered against him on December 23, 2025, for allegedly possessing assets exceeding his known sources of income based on the source report of December 1, 2025, on his income, assets, and liabilities prepared by the sleuths of the Lokayukta police. The court ruled that the Lokyukta police had failed to follow the procedure evolved by them way back in 2023 prior to registering an FIR for allegedly possessing assets exceeding one’s known sources of income. The court pointed out that no preliminary inquiry was conducted before registering the FIR, as was mandated in the procedure laid down by the Lokyukta police themselves way back in 2023. IT returns More importantly, the court pointed out that Mr. Sarfaraz had declared all his assets, which were prima facie termed disproportionate to his known sources of income by the Lokayukta police, in his income tax returns and before the Competent Authority as obtaining under the Karnataka State Civil Service (Conduct) Rules, 2021.

1. Pooja Ramesh Singh vs. Jammu and Kashmir Bank Ltd. and Ors. (02.07.2026 - SC)(MANU/SC/0668/2026)

The Supreme Court of India addressed the issue of reliance on non-existent, AI-generated precedents by the National Company Law Tribunal (NCLT) and the National Company Law Appellate Tribunal (NCLAT)

2. Rekha and Ors. vs. Dinesh Porwal and Ors. (01.07.2026 - SC)(MANU/SC/0667/2026)

The Supreme Court of India addressed the issue of appropriate compensation for the death of Krishnavallabh in a motor accident involving Rekha and others versus Dinesh Porwal and others. The court exa

3. Rajani and Ors. vs. Mukesh and Ors. (01.07.2026 - SC)(MANU/SC/0666/2026)

The Supreme Court of India addressed the issue of inadequate compensation awarded to the appellants, Rajani and others, following the death of Sushil in a motor accident involving Mukesh and others. T

4. Rashmirekha Tripathy and Ors. vs. The Branch Manager (Legal Claims), Sriram General Insurance Company Limited and Ors. (01.07.2026 - SC)(MANU/SC/0663/2026)

The Supreme Court of India addressed whether the annual income of a deceased person for compensation under the Motor Vehicles Act should be based on the previous year's Income Tax Return (ITR) or the

5. Chandrikaben Kishor Dafda vs. State of Gujarat and Ors. (01.07.2026 - SC)(MANU/SC/0665/2026)

The Supreme Court of India addressed the appeal by Chandrikaben Kishor Dafda against the State of Gujarat and others, concerning the refusal to quash a criminal case related to her alleged non-disclos

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