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Supreme Court Judgments

In-depth analysis and explainers of landmark Supreme Court decisions

Supreme Court of India

Forfeiture ordered by the NCLT for failure to comply with extended payment timelines in liquidation sales is valid and not governed by contractual penalty principles

M/s Shri Karshni Alloys Private Limited v. Ramakrishnan Sadasivan (2025 INSC 1411)

Supreme Court upholds forfeiture ordered by the NCLT for failure to comply with extended payment timelines in liquidation sales, holding that such forfeiture is not governed by contract law principles.

Supreme Court of India

Section 36(1)(viii) Deductions Are Limited to Income Directly Derived from Long-Term Finance, Supreme Court Holds

National Cooperative Development Corporation v. Assistant Commissioner of Income Tax

Supreme Court rules that deductions under Section 36(1)(viii) of the Income Tax Act are available only for income directly derived from long-term finance, excluding dividends, short-term deposit interest, and service charges earned as a nodal agency. Legal Judgment Explainer

Supreme Court of India

Termination for Non-Payment of Arbitral Fees Ultimately Flows from Section 32(2), but Court May Still Direct Appointment of a Substitute Arbitrator in Appropriate Cases

Harshbir Singh Pannu and Anr. v. Jaswinder Singh

The Supreme Court clarifies that termination of arbitral proceedings for non-payment of fees is referable to Section 32(2), yet in exceptional circumstances a substitute arbitrator may be appointed to resolve the dispute.

Supreme Court of India

Salil Mahajan v. Avinash Kumar & Anr.

Salil Mahajan v. Avinash Kumar & Anr.

Supreme Court sets aside grant of anticipatory bail where the High Court failed to consider the need for custodial interrogation and relevant investigative material, reiterating limits on mechanical bail orders in serious economic offences.