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Jindal Films’ class action suit: NCLAT declines to stay NCLT order New Delhi: The appellate tribunal NCLAT has declined to stay an order of the National Company Law Tribunal, which has admitted a class action petition against Jindal Poly Films, filed by its shareholders. A two-member NCLAT bench held that the petition filed by the […]

What the US Supreme Court’s tariff ruling really means for Indian exporters On February 20, 2026, the Court in a 6:3 ruling, that the International Emergency Economic Powers Act (IEEPA) does not authorise the President to unilaterally impose tariffs. The decision invalidated the IEEPA based reciprocal tariffs that had pushed combined US duties on many

SEBI discontinues children’s and retirement mutual fund category, revamps scheme classification rules Mumbai, The Securities and Exchange Board of India (SEBI) on Thursday discontinued the solution-oriented mutual fund category, which includes children’s and retirement funds, and announced a major overhaul of mutual fund categorisation rules to bring more clarity and transparency for investors. The markets

Sudipta Chakraborty Sanofi India has appointed Sudipta Chakraborty as additional director and whole-time director effective March 1, 2026 for a 3-year term, subject to shareholder approval. Prior to joining Sanofi as general counsel in June 2025, Chakraborty was the vice president of group legal & compliance at Aditya Birla Group. Chakraborty comes with over 20

SC resumes final hearing on pleas related to retrospective EC to projects New Delhi, The Supreme Court on Wednesday resumed hearing on a batch of pleas relating to grant of retrospective environmental clearance (EC) by the Centre and other authorities to projects found violating environmental norms on payment of heavy penalties. On November 18 last

SC issues fresh directions on SIR of electoral rolls in West Bengal New Delhi, The Supreme Court on Wednesday directed electoral authorities in West Bengal to ensure the submission of pending verification documents by 5 p.m. on February 26 to judicial officers overseeing the Special Intensive Revision (SIR) of electoral rolls. A bench headed by

ED attaches Anil Ambani’s ‘Abode’ worth Rs 3,716 crore in PMLA case New Delhi, The Enforcement Directorate on Wednesday said it has attached Reliance Group chairman Anil Ambani’s Mumbai house, ‘Abode’, worth Rs 3,716 crore under the anti-money laundering law. The attachment comes a day before Ambani’s likely appearance before the federal probe agency here

Xiaomi challenges India taxman in SC over tariffs on royalties Xiaomi has challenged an Indian tax ruling that said the company evaded $72 million in tariffs on royalty payments, according to legal documents, a dispute that the Chinese company and lawyers say is a test of the country’s legal framework for contract manufacturing. Xiaomi, a

Anjan Dasgupta and Ajay Shaw, partners at DSK Legal The Supreme Court, in its recent ruling, held that spectrum allocated to Telecom Service Providers (TSPs), even if reflected in their books of account as an “asset”, cannot be subjected to proceedings under the Insolvency and Bankruptcy Code, 2016 (IBC). The judgment has significant implications for

Illustrative image Trilegal has announced the opening of its new office in Chennai, further strengthening its presence across the country’s key business and investment hubs. With this addition, the firm now operates nine offices across India, including Mumbai, Delhi, Gurugram, Bengaluru, Pune, GIFT City, and Chennai. The Chennai office will work closely with teams across