ECONOMY & NATION


Moneylife Digital Team 11 June 2026
A special CBI (central bureau of investigation) court in Mumbai has remanded Amitabh Jhunjhunwala, former group managing director (MD) within the Anil Dhirubhai Ambani (ADA) group, to CBI custody until 12 June 2026 in connection with an alleged bank fraud involving Reliance Commercial Finance...

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Bhavini Srivastava (Bar  and   Bench) 11 June 2026
The action of Enforcement Directorate (ED) against independent digital news media company NewsClick and its founder Prabir Purkayastha in relation to a foreign direct investment (FDI) case amounted to an abuse of power against free and impartial journalism, the Delhi High Court recently held...

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Moneylife Digital Team 11 June 2026
The directorate of enforcement (ED) has provisionally attached an Arabian Sea-facing immovable property in Murud, Raigad district of Maharashtra, with a current market value of more than ₹60 crore, in connection with its ongoing investigation into the alleged ₹1,400 crore bank fraud involving...

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Moneylife Digital Team 10 June 2026
Reserve Bank of India (RBI) has cancelled the certificates of registration (CoR) of 135 non-banking financial companies (NBFCs), including 125 entities based in West Bengal, four in Maharashtra, two in Delhi and one each in Madhya Pradesh, Manipur, Tamil Nadu and Telangana.   In a separate...

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SN Thyagarajan (Bar  and   Bench) 10 June 2026
The Madras High Court has acquitted a 90-year-old former Bank of Baroda Chief Manager in a corruption case registered by the Central Bureau of Investigation (CBI) nearly three decades ago, holding that the prosecution had failed to prove its case beyond reasonable doubt (VR Narayanan Vs...

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SN Thyagarajan (Bar  and   Bench) 10 June 2026
The Madras High Court has acquitted a 90-year-old former Bank of Baroda Chief Manager in a corruption case registered by the Central Bureau of Investigation (CBI) nearly three decades ago, holding that the prosecution had failed to prove its case beyond reasonable doubt (VR Narayanan Vs...

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Bar  and   Bench 10 June 2026
The Hertfordshire Constabulary has provided security to family members of retired Bombay High Court Justice Gautam Patel in the United Kingdom after one of them was physically assaulted.    In a statement to Bar and Bench, the police confirmed that the assault as well as the threats issued...

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Moneylife Digital Team 10 June 2026
The Delhi zonal office of the directorate of enforcement (ED) has provisionally attached immovable assets worth about ₹100 crore linked to two companies as part of its ongoing money laundering investigation into the Jaypee group over the alleged diversion and siphoning of funds collected from...

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Bar  and   Bench 10 June 2026
The Bombay High Court dismissed a clutch of pleas filed by developers, including L&T Asian Realty Project LLP and an Adani group-linked company, against a suit on slum development fraud (L&T Asian Realty Project LLP & Ors v. State of Maharashtra & Ors.). Justice Gauri Godse rejected four...

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Bar  and   Bench 09 June 2026
The Bombay High Court on Tuesday refused to pass any interim order restraining HDFC Bank and its top executives from making statements alleged to be defamatory by the Lilavati Kirtilal Mehta Trust (Lilavati Kirtilal Mehta Trust v. HDFC Bank).   The Lilavati Trust and trustee Prashant Mehta...

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Bar  and   Bench 09 June 2026
The Bombay High Court on Tuesday refused to pass any interim order restraining HDFC Bank and its top executives from making statements alleged to be defamatory by the Lilavati Kirtilal Mehta Trust (Lilavati Kirtilal Mehta Trust v. HDFC Bank).   The Lilavati Trust and trustee Prashant Mehta...

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Hiranya Bhandarkar (Bar  and   Bench) 09 June 2026
A Patna court on Tuesday granted YouTuber and educator Faizal Khan, famously known as Khan Sir, interim protection from arrest in connection with a firing incident that happened outside his coaching institute (Khan Sir alias Faizal Khan v. State of Bihar).    Advocate Arvind Kumar Mavvar,...

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Moneylife Digital Team 09 June 2026
Eight workers were killed and six others suffered critical burn injuries after a ladle carrying molten steel exploded at Rashtriya Ispat Nigam Ltd's (RINL) Visakhapatnam Steel Plant on Monday evening, in what trade unions described as the facility's worst industrial accident in more than a...

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Moneylife Digital Team 09 June 2026
Reserve Bank of India (RBI) has imposed a penalty of ₹3.50 lakh on two cooperative banks, one from Haryana and the other from Maharashtra, for non-compliance with the directions issued by the banking regulator. The highest penalty of ₹3 lakh has been imposed on Karnal Central Cooperative Bank...

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Moneylife Digital Team 09 June 2026
The directorate of enforcement (ED) has unearthed an alleged cross-border cyber fraud network involving the fraudulent activation of thousands of Indian mobile subscriber identity module (SIM) cards supplied to foreign nationals, who subsequently used them from Cambodia to perpetrate...

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Bar  and   Bench 09 June 2026
The Bombay High Court on Monday struck down the Central government’s decision to retrospectively levy a one-time spectrum charge on Bharti Airtel and Vodafone Idea for spectrum held above 6.2 MHz between July 1, 2008 and December 31, 2012. (Bharti Airtel, Vodafone Idea v. Union of India &...

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Moneylife Digital Team 09 June 2026
In a significant setback for Donald Trump’s immigration agenda, a US federal court has struck down the controversial US$100,000 fee imposed on new H-1B visa petitions, ruling that the measure amounted to an unlawful tax imposed without congressional approval.   US district judge Leo T Sorokin...

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Moneylife Digital Team 08 June 2026
Reliance Industries Ltd (RIL) has divested its entire stake in Reliance Projects & Property Management Services Ltd (RPPMSL) for ₹274 crore through its step-down subsidiary, Reliance Retail Ltd (RRL). The transaction, disclosed to stock exchanges on 13 April 2026, involved the transfer of RRL’s...

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Bar  and   Bench 08 June 2026
The Bombay Bar Association (BBA) on Monday passed a resolution condemning a series of threats, intimidation and violent attacks targeting Bombay High Court’s retired judge Justice Gautam Patel and his family over the judge's 2024 verdict on the Dawoodi Bohra community's leadership.   In a...

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Moneylife Digital Team 08 June 2026
A sharp rise in jet fuel prices triggered by the ongoing conflict in the Middle East is set to slash global airline profitability by nearly half in 2026, forcing carriers worldwide to absorb soaring operating costs, raise fares and reconsider growth plans, according to the latest outlook from...

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