SECTION 138 NEGOTIABLE INSTRUMENTS ACT: PRE-COGNIZANCE SUMMONS NOT REQUIRED – SUPREME COURT CHARTS GUIDELINES

Introduction The Supreme Court of India in Sanjabij Tari v. Kishore S. Borcar & Anr. (Criminal Appeal No. 1755 of 2010) addressed critical issues concerning cheque dishonour under Section 138 of the Negotiable Instruments Act, 1881. The case primarily revolved around whether a complainant’s limited financial capacity could rebut statutory presumptions. by the High Court revision jurisdiction.

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CONSUMER PROTECTION AND EQUITABLE RELIEF: SUPREME COURT ENHANCES INTEREST RATE IN REAL ESTATE DELAY CASES

Introduction The Supreme Court of India in Rajnesh Sharma v. M/s. Business Park Town Planners Ltd. (Civil Appeal No. 3988 of 2023) delivered a significant verdict addressing consumer protection in real estate disputes, particularly concerning interest rate parity between builders and buyers. Justice Dipankar Datta and Justice Augustine George Masih heard this Appeal challenging the National Consumer

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The Tax Policy Paradox in Fast-Track Demergers

[Aayush Agarwal is a 3rd year student at Gujarat National Law University, Gandhinagar and Taher Hussain is a 4thyear student at Maharashtra National Law University, Mumbai] On July 21, 2025, the Select Committee on the Income Tax Bill, 2025, presented its Report (‘the Report’) before the Parliament, analysing various provisions of the new bill and suggesting appropriate changes to it. One

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SEBI’s Proposal on Minimum Public Shareholding and its Spillover Effects

[Manisha Soni is a corporate lawyer based in New Delhi, India] The Securities Exchange Board of India (SEBI) has released a consultation paper on 18 August 2025, proposing sweeping changes in rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957 (SCRR), governing Minimum Public Offer (MPO) and Minimum Public Shareholding (MPS). These rules determine how much of a company’s equity must

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NAVIGATING EXECUTION AMIDST PENDING APPEALS: THE AUTHORITY OF COURTS UNDER THE ARBITRATION AND CONCILIATION ACT

INTRODUCTION The Supreme Court of India, in Civil Appeal No. 11840/2025 (@ SLP (C) No. 20480 of 2025) – Chakardhari Sureka v. Prem Lata Sureka through SPA & Ors., addressed a critical issue concerning the execution of arbitral awards amidst pending appeals. The Judgement was delivered on 15th September 2025 by Hon’ble Mr. Justice Manoj

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SUPREME COURT ON TAX ASSESSMENT TIME LIMITS

On September 11, 2025, the Supreme Court of India delivered a significant ruling in Ms. Shiv Steels v. State of Assam & Others (Civil Appeal No. 4440 of 2014). The Judgment, authored by Justices J.B. Pardiwala and Sandeep Mehta, decisively addressed the interplay between different time limitation provisions under the Assam General Sales Tax Act,

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