NOTE

NOTE In view of the Diwali holidays, no new articles will be published during the week of 25th October 2025, as the Supreme Court will remain closed for the Diwali recess. We will resume publishing our regular articles from 1st November 2025. Wishing all our readers a very Happy and Prosperous Diwali! Read More

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JUDICIAL SELF-RESTRAINT AND THE LIMITS OF CBI REFERRALS: A REAPPRAISAL BY THE SUPREME COURT

In Legislative Council, U.P. Lucknow & Ors. v. Sushil Kumar & Ors., Civil Appeal Nos. 11842–11846 of 2025, decided on 16 October 2025, the Supreme Court of India, comprising Justice J.K. Maheshwari and Justice Vijay Bishnoi, revisited the delicate balance between judicial activism and judicial restraint in matters involving investigative directions to the Central Bureau

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BETWEEN HOMES AND HOPES: SUPREME COURT’S STAND ON SPECULATIVE INVESTMENTS UNDER THE INSOLVENCY CODE

INTRODUCTIONThe Supreme Court of India in Mansi Brar Fernandes v. Shubha Sharma & Ors., 2025 INSC 1110, decided on 12 September 2025, by Justice R. Mahadevan, delivered a landmark Judgment addressing the interplay between genuine homebuyers and speculative investors under the Insolvency and Bankruptcy Code, 2016 (IBC). The decision, arising out of multiple connected appeals,

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THE LONG WAIT FOR JUSTICE: JUVENILITY AND THE SUPREME COURT’S COMPASSIONATE CORRECTION

INTRODUCTION In Hansraj v. State of Uttar Pradesh [Writ Petition (Crl.) No. 340 of 2025], the Supreme Court of India (Bench comprising Justice Dipankar Datta and Justice Augustine George Masih) delivered its Judgment on 9 October 2025, invoking its extraordinary jurisdiction under Article 32. The case revolved around the Petitioner, a murder convict, who had

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Proof of Market Manipulation: The Jane Street Case

[Bhavin Patel is a Programme Director and Natasha Aggarwal a Senior Research Fellow at TrustBridge Rule of Law Foundation] On 3 July 2025, the Securities and Exchange Board of India (“SEBI”) issued an ex-parte interim order against the Jane Street group. The order asserted that Jane Street employed manipulative strategies (intraday index manipulation and extended marking-the-close) on the NIFTY and BANKNIFTY

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Decoding RBI’s Overhaul of the Payment Aggregator Directions

[Manas Divetia is a IV year B.B.A. LL.B. (Hons.) student at Gujarat National Law University, Gandhinagar] The Reserve Bank of India’s (“RBI”) 2025 Master Direction on Regulation of Payment Aggregators dated 15 September 2025 consolidates and replaces the fragmented 2020 framework, aligning online, physical point‑of‑sale, and cross‑border aggregation under a single, enforceable code that hardwires escrow architecture, KYC, cyber resilience, and FEMA‑compliant cross‑border

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