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The Bar Bulletin

SEBI Fund Diversion Penalty

Violation Of SEBI Regulations Cannot Be Validated By Shareholders’ Private Resolution; Supreme Court Affirms Penalty Of Rs. 1 Cr On Terrascope Ventures

SEBI vs Terrascope Ventures Limited [Decided on March 17, 2026]
Insurance Benefits Not Deductible Compensation

Supreme Court: Receipts By Dependants Of Deceased Under Employer-Provided Group Insurance Scheme Will Not Alter Compensation Under Motor Vehicles Act

The Managing Director, KSRTC vs P. Chandramouli [Decided on March 16, 2026]
Jammu and Kashmir and Ladakh High Court

Preventive Detention Vitiated by Unexplained Delay and Lack of Public Order Nexus: Jammu & Kashmir and Ladakh High Court

Kamal @ Kaka vs. UT of J&K & Ors. (Decided on March 12, 2026)
Higher Qualification Not Disqualification

Possessing Higher Qualification Will Not Disqualify Candidate If Minimum Criteria Is Met; SC Allows Anganwadi Workers To Compete For ICDS Supervisor Posts

Shiny C.J. vs Shalini Sreenivasan [Decided on March 16, 2026]
Creditor Adjustment Illegal During Moratorium

NCLAT: Unilateral Adjustment of Dues by Creditors from Corporate Debtor Assets After Section 14 IBC Moratorium Is Illegal

Mehsana Urban Co-Operative Bank vs Swastik Ceracon [Decided on March 12, 2026]
Lower TDS Certificate Rejection Review

Relief for MakeMyTrip: Delhi HC Flags Arbitrary Denial of Lower Tax Withholding, Orders Review

MakeMyTrip (India) Pvt Ltd vs Assistant Commissioner of Income Tax [Decided on March 16, 2026]