Author: Legal Parivar

To promote financial literacy among rural citizens, the Securities and Exchange Board of India (SEBI), in collaboration with the Ministry of Panchayati Raj, has begun training sarpanches and panchayat officials across six states — Maharashtra, Uttar Pradesh, Gujarat, Jharkhand, Jammu & Kashmir, and Tripura — with plans to expand nationwide. The initiative aims to empower elected representatives across the three tiers of Panchayati Raj Institutions (PRIs) — gram panchayats (village level), panchayat samitis (block level), and zilla parishads (district level) — by equipping them with practical financial knowledge. These leaders will then guide rural communities on responsible investing and protection…

The Ministry of Road Transport and Highways has introduced stricter safety measures for contractors working under the build-operate-transfer (BOT) model. According to a senior official quoted by PTI, contractors will now face hefty fines if multiple accidents occur on the same highway stretch within a year. “If more than one accident happens within a 500-meter stretch in a year, the contractor will be fined ₹25 lakh. If an accident occurs again in the following year, the penalty will rise to ₹50 lakh,” said V Umashankar, Secretary, Road Transport and Highways. He explained that the BOT agreement has been revised to…

Q2 Results: As the Q2FY25 earnings season enters its fourth week, more than 650 companies are scheduled to declare their financial results between November 3 and November 8, 2025. Several major corporates, including Bharti Airtel, State Bank of India (SBI), Life Insurance Corporation of India (LIC), Adani Enterprises, Mahindra & Mahindra, and Paytm (One 97 Communications), will be in focus as they announce their quarterly performance. Companies announcing results on November 3, 2025 Key names include Bharti Airtel, Ambuja Cements, Gland Pharma, Tata Consumer Products, Timken India, Titan Company, Westlife Foodworld, Power Grid Corporation, and Godfrey Phillips India, among others.…

Four of India’s top 10 most-valued companies collectively added ₹95,447.38 crore in market capitalization last week, with Reliance Industries Ltd (RIL) emerging as the biggest gainer. According to BSE data, Reliance Industries, Bharti Airtel, State Bank of India (SBI), and Life Insurance Corporation of India (LIC) recorded gains in valuation, while HDFC Bank, TCS, ICICI Bank, Bajaj Finance, Infosys, and Hindustan Unilever saw their combined market worth decline by ₹91,685.94 crore. RIL’s market capitalization surged by ₹47,431.32 crore to reach ₹20,11,602.06 crore, maintaining its position as India’s most valuable company. SBI added ₹30,091.82 crore, taking its valuation to ₹8,64,908.87 crore,…

The wave of mass layoffs across the global tech industry has deepened in 2025, with more than 1,00,000 employees losing their jobs across 218 companies, according to data compiled by Layoffs.fyi. From Silicon Valley to Bengaluru, technology giants are aggressively trimming their workforces to refocus on artificial intelligence (AI), cloud services, and profitability after years of pandemic-era expansion. Intel and Amazon Lead the Job Cuts Intel has announced the largest single layoff of the year, eliminating 24,000 positions—around 22% of its global workforce. The restructuring affects facilities in the U.S., Germany, Costa Rica, and Poland, as the semiconductor giant battles…

Case: GLAS Trust Company LLC vs Shailendra Ajmera (RP of Think and Learn Pvt Ltd) & Aakash Educational Services LtdBench: Justice N. Seshasayee (Judicial Member) & Mr. Jatindranath Swain (Technical Member)Tribunal: NCLAT ChennaiDate: 28 October 2025 Summary of the Case GLAS Trust Company LLC, holding a 99.41% voting share in the CoC of Think and Learn Pvt. Ltd (TLPL)—the parent company of Aakash Educational Services Ltd (AESL)—sought to restrain Aakash from convening its Extraordinary General Meeting (EGM) on 29 October 2025. The EGM was called to approve a rights issue and increase Aakash’s authorised share capital, which GLAS claimed would…

Case Summary The National Company Law Appellate Tribunal (NCLAT), Ahmedabad Bench, has set aside an NCLT Ahmedabad order that rejected Meck Pharma India Pvt. Ltd.’s insolvency plea against Accurate Infrabuild Pvt. Ltd. The Tribunal held that an advance of ₹1 crore made by Meck Pharma qualifies as a financial debt under Section 5(8) of the Insolvency and Bankruptcy Code (IBC), even though no formal written loan agreement existed. Meck Pharma had extended ₹1 crore to Accurate Infrabuild in 2016 as a short-term advance. The amount was never repaid. NCLT earlier dismissed the insolvency petition on grounds that the transaction lacked…

In a landmark ruling, the Supreme Court of India has clarified that holders of Cumulative Redeemable Preference Shares (CRPS) cannot be classified as financial creditors under the Insolvency and Bankruptcy Code, 2016 (IBC). The judgment draws a clear distinction between equity investment and debt financing, preventing investors from using insolvency proceedings to recover equity-based investments — a key precedent for future insolvency and restructuring cases. Case Background EPC Constructions India Ltd. (EPCC) — formerly Essar Projects India Ltd. — had provided engineering and construction services to Matix Fertilizers and Chemicals Ltd. When Matix failed to pay outstanding dues, both parties…

In a landmark judgment, the Supreme Court of India has clarified that investigating agencies cannot directly summon advocates for routine questioning regarding matters involving their clients. The ruling — issued in a suo motu writ petition — addresses growing concerns over law enforcement practices that compelled advocates to reveal privileged communications, undermining professional ethics and the right to fair legal representation. Key Highlights of the Judgment 1. Absolute Privilege with Limited ExceptionsUnder Section 132 of the Bharatiya Sakshya Adhiniyam (BSA), all professional communications between advocates and clients are protected by confidentiality. Exceptions apply only when such communications are made to…

Case Title: M.C. Mehta v. Union of India & Ors.Citation: 2025 INSC 1274Bench: CJI B.R. Gavai and Justice K. Vinod ChandranDate of Order: October 31, 2025 Summary The Supreme Court of India has rejected an application seeking de-sealing of a commercial premises — Plot No. 106, New Rajinder Nagar Market, New Delhi — filed in the long-standing M.C. Mehta v. Union of India public interest litigation concerning misuse of properties and unauthorized constructions in Delhi. The applicant argued that the building was originally intended for commercial use, relying on historical documents and a 2023 order of the Judicial Committee. However,…