Latest Supreme Court Judgments

Supreme Court removes advocate's name from IBA Caution List, orders BCI performance audit

Ajay Vijh vs Indian Banks Association & Ors.

The Supreme Court held that including an advocate's name in the IBA Caution List on grounds of mere negligence is illegal, ordered his removal, and directed the Bar Council of India to conduct a performance audit of its disciplinary mechanism and initiate Continuing Legal Education for lawyers.

Court Rejects Belated Plea to File Additional Documents in Commercial Suit

M/S. Levitate Mobile Technologies Pvt. Ltd. vs M/S. Standard Chartered Bank & Anr.

The Supreme Court dismissed LMT's appeal, upholding rejection of its application to file additional documents in a commercial suit, as no reasonable cause was shown for the prolonged delay.

Bank Merger Without Landlord Consent Triggers Eviction Under Rent Control Law

British Motor Car Company (1939) Ltd. vs M/s Hindustan Commercial Bank Ltd. Since Has Been Merged Into Punjab National Bank & Anr.

The Supreme Court held that a bank merger transferring tenancy without the landlord's written consent attracts the eviction ground under Section 14(1)(b) of the Delhi Rent Control Act 1958, whether the transfer was voluntary or involuntary.

Partnership land must be sold at current market value, not old dissolution-date value

V. Sumitra Reddy & Anr. vs. K. Ranganadha Reddy & Ors.

Upon dissolution of a partnership, its immovable assets must be sold at current market value to pay the partners their shares fairly.

Courts cannot limit an arbitrator's power to decide their own jurisdiction over contract disputes

M/s. GVV Constructions Private Limited vs. The Union of India & Ors.

The Supreme Court clarified that courts cannot restrict an arbitrator's power to decide their own jurisdiction, including whether a dispute is an excepted matter.

Personal guarantors are bound by arbitration if loan agreements link them together

National Skill Development Corporation v. Surya Wires Private Limited & Ors.

The Supreme Court ruled that a personal guarantor is bound by the main loan agreement's arbitration clause if both agreements form a single transaction.

Judicial decisions relying on fake, AI-generated precedents are null and void in the eyes of law

Pooja Ramesh Singh vs Jammu and Kashmir Bank Ltd. & Anr.

The Supreme Court rules that any judicial or tribunal decision incorporating fake, AI-generated legal precedents is a nullity and must be set aside.

Banks can use fast-track recovery laws for loans bought from private financial companies

Kotak Mahindra Bank Limited vs Trupti Sanjay Mehta and others

Banks are fully entitled to use the SARFAESI Act to recover unpaid loans purchased from private financial companies.

Sandeep S. Ghandat & Ors. vs. Reserve Bank of India & Ors.

The Supreme Court ruled that the Reserve Bank of India (RBI) can suspend the board of a multi-state cooperative bank for up to five years to protect depositors, and this power is not limited by the constitutional six-month rule or the board's original term.

Granite Gate Properties (Lotus Panache) vs. NOIDA

The Supreme Court ruled that NOIDA cannot force homebuyers or a new builder to pay heavy delay penalties caused by the original builder's bankruptcy.

Indiabulls Housing Finance Ltd. vs. Dr. Subhash Chandra

The NCLT approved the repayment plan of personal guarantor Dr. Subhash Chandra, ruling that a forensic audit is not mandatory for plan approval and that the strict legal definition of 'associate' must be met to disqualify voting creditors.

M/s Tata Steel Ltd. vs. Varsha & Anr.

The Supreme Court ruled that once a company's recovery plan is approved under the Insolvency Code, all pending lawsuits and arbitrations by suppliers for old dues are completely closed and cannot continue.

Save Mon Region Federation & Anr. v. State of Arunachal Pradesh & Ors.

The Supreme Court ordered a CBI investigation into allegations that the Arunachal Pradesh government bypassed public tenders to award contracts to the Chief Minister's relatives.

Manash Kamal Bezboruah v. M/s Bokahola Tea Company Private Limited & Ors.

The Supreme Court ruled that High Courts cannot easily interfere in ongoing arbitration disputes or stop them using their special supervisory powers.

State of Haryana & Ors. vs. M/s. Jai Durgaa Finvest P. Ltd.

The court ruled that while a 'no interest' clause on security deposits is valid, the government must pay interest if it keeps the money longer than the promised time after the contract ends.