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1. US court refuses to immediately drop Adani indictment, says DoJ didn't give adequate reasons

US court refuses to immediately drop Adani indictment, says DoJ didn't give adequate reasons

US court refuses to immediately drop Adani indictment, says DoJ didn't give adequate reasons A United States federal court has refused to immediately allow the Department of Justice (DoJ) to drop criminal charges against Gautam Adani, Sagar Adani and others in the alleged $250 million bribery case, after finding that the government’s explanation for doing so was “terse, bland, and conclusory.” [United States v. Gautam S Adani et al] Judge Nicholas G Garaufis of the United States District Court for the Eastern District of New York directed the DoJ to give reasons for its decision to seek dismissal of the indictment against all eight accused. The Court said that the government must provide each reason for seeking dismissal of the indictment with prejudice, along with sufficient factual support for each basis. “Here, the Government’s terse, bland, and conclusory statement affords the court neither a sufficient basis to reach any conclusion, nor the opportunity to conduct any analysis of the Government’s request for dismissal,” the judge said. It added that Rule 48(a) of the Federal Rules of Criminal Procedure requires the government to set out the basis for a motion to dismiss. It described the rule as a “sunshine provision” under which prosecutors must supply sufficient reasons to support dismissal of an indictment. "Thus, the Government has failed to meet its obligation to supply adequate reasoning and sufficient facts to support dismissal of the Indictment. And, without this additional information, the court cannot fulfill its own obligation to exercise "sound judicial discretion in considering [the Government's] request for dismissal." The DoJ has been directed to file its explanation by July 13, 2026. The order came after the US government moved the Court under Rule 48(a).

2. OFAC sanction, insolvency and Indian tribunals: Can foreign regulatory restrictions defeat IBC proceeding?

OFAC sanction, insolvency and Indian tribunals: Can foreign regulatory restrictions defeat IBC proceeding?

OFAC sanction, insolvency and Indian tribunals: Can foreign regulatory restrictions defeat IBC proceeding? The Insolvency and Bankruptcy Code, 2016 (“IBC”) was enacted to address insolvency and facilitate corporate resolution, not to adjudicate complex commercial disputes or operate as a debt recovery tool. However, as Indian companies increasingly operate within global corporate structures, insolvency tribunals are required to grapple with issues that extend far beyond traditional debtor-creditor relationships. One such emerging issue lies at the intersection of insolvency law, foreign sanctions, contract law, and cross-border compliance before the National Company Law Tribunals (“NCLT”): Can a corporate debtor be said to have committed a “default” under the IBC where payment to a creditor is allegedly prohibited by a foreign sanctions regime? The answer may shape how Indian insolvency law interprets “default”, how far summary insolvency jurisdiction extends, and whether tribunals should recognise the practical consequences of unilateral foreign sanctions. The issue arises from the designation of certain Indian companies on the Specially Designated Nationals (“SDN”) List maintained by the Office of Foreign Assets Control (“OFAC”) of the United States Department of the Treasury pursuant to Executive Order 13846 concerning Iran-related sanctions. An SDN designation generally blocks property and interests in property within US jurisdiction and prohibits US persons from dealing with designated persons. In practice, Indian subsidiaries of US-based multinational corporations often operate under global compliance frameworks that require adherence to not only Indian law but also to compliance obligations arising from the laws applicable to their foreign parent company.

3. CCTV captures man thrashing elderly father; video sparks ire

CCTV captures man thrashing elderly father; video sparks ire JAIPUR: A 67-year-old retired BSNL employee was allegedly brutally assaulted by his son in Jaipur, with the attack captured on CCTV. The vi

4. 'Gravest sin': Priyanka Gandhi says Ram Temple donation fraud has 'stunned entire nation'

'Gravest sin': Priyanka Gandhi says Ram Temple donation fraud has 'stunned entire nation'

'Gravest sin': Priyanka Gandhi says Ram Temple donation fraud has 'stunned entire nation' Congress MP Priyanka Gandhi Vadra has called for a transparent investigation into the alleged irregularities in donations at the Ram Temple, saying those responsible must face strict punishment if found guilty. In a post on X, Priyanka Gandhi alleged that the reported theft and misappropriation of temple offerings had shaken the faith of millions of devotees and described it as an act against the ideals represented by Lord Ram. “Those who have stolen from the Ram Temple have committed the gravest sin of shattering the fundamental spirit of religion and faith,” she wrote. Questions role of authorities The Congress leader questioned whether such alleged irregularities could have been carried out solely by lower-level employees. “This question is also crucial: Can mere low-level employees, on their own, turn off CCTV cameras and tamper with thousands of crores in offerings, or is there complicity of some big players behind it?” she wrote. Also read: How Ram temple ‘donation theft’ unfolded: 8 arrested, Rs 80 lakh cash recovered; SIT finds counting unit linkCalls for transparent investigation Priyanka Gandhi demanded that the investigation be conducted transparently and not be used to shield anyone involved. She said the inquiry should determine whether larger players were complicit in the alleged wrongdoing and asserted that everyone found responsible should be given strict punishment under the law. On Fridays, Ram Janmabhoomi Trust General Secretary Champat Rai and member trustee Anil Mishra resigned, taking moral responsibility for the alleged embezzlement of Ram Mandir donations.

5. ETLegalWorld's B&FLS Set to Convene India's Top Legal Minds Next Week

ETLegalWorld's B&FLS Set to Convene India's Top Legal Minds Next Week

ETLegalWorld's B&FLS Set to Convene India's Top Legal Minds Next Week - Industry - 4 min read ETLegalWorld's B&FLS Set to Convene India's Top Legal Minds Next Week The event's Chairperson Address will be delivered by Nilanjan Sinha, General Counsel, ICICI Bank, who will examine how global geopolitical tensions and changes are fundamentally redrawing the map of Indian banking and finance law in 2026. The third edition of ETLegalWorld’s Banking & Finance Law Summit (BFLS) is set to take place in less than a week, bringing together some of India's most prominent banking lawyers, compliance officers, general counsels, and regulatory officials under one roof for an evening of substantive dialogue and debate. Themed "Rewriting the Financial Legal Playbook: Regulation, Risk & Resilience in 2026," the summit will open with a Welcome Address by Maulik Vyas, Senior Editor, The Economic Times, before diving into a packed agenda that traverses everything from AI and capital markets regulation to financial crime and boardroom accountability. The event's Chairperson Address will be delivered by Nilanjan Sinha, General Counsel, ICICI Bank, who will examine how global geopolitical tensions and changes are fundamentally redrawing the map of Indian banking and finance law in 2026. Panel Discussions: The discussion will probe how financial institutions are recalibrating their legal and compliance frameworks as AI reshapes credit, trading, and regulatory oversight simultaneously. The third edition of ETLegalWorld's Banking and Finance Law Summit is bolstered by the support of Kroll, Trilegal, Nasdaq, and KNM & Partners Law Offices, who join the event as Supporting Partners. Themed "Rewriting the Financial Legal Playbook: Regulation, Risk & Resilience in 2026," the summit will open with a Welcome Address by Maulik Vyas, Senior…

1. Mathu vs. State of Uttarakhand (25.06.2026 - SC)(MANU/SC/0657/2026)

The Supreme Court of India addressed the appeal of Mathu alias Jagdish against his conviction under Section 304/34 of the Indian Penal Code for the culpable homicide of Padam Singh Shahi. The core iss

2. Shankar Dutt vs. United India Insurance Co. Ltd. and Ors. (24.06.2026 - SC)(MANU/SC/0656/2026)

The Supreme Court of India addressed the appeal by Shankar Dutt against United India Insurance Co. Ltd. and others, concerning the enhancement of compensation for injuries sustained in a vehicular acc

3. M. Paramesh vs. VRL Logistics Ltd. and Ors. (23.06.2026 - SC)(MANU/SC/0649/2026)

The Supreme Court of India addressed the appeal by M. Paramesh against VRL Logistics Ltd. and others, focusing on the adequacy of compensation for injuries sustained in a motor accident. The Court fou

4. The Oriental Insurance Company Limited vs. Kalu Ram and Ors. (23.06.2026 - SC)(MANU/SC/0648/2026)

The Supreme Court of India addressed the dispute between The Oriental Insurance Company Limited and Kalu Ram and others regarding compensation for a motor accident that resulted in the death of Akash

5. Israfil vs. State of Madhya Pradesh (23.06.2026 - SC)(MANU/SC/0647/2026)

The Supreme Court of India addressed the issue of the quantum of sentence for Israfil, who was convicted for using a forged document to secure bail, under Sections 420, 467, 468, and 471 of the Indian

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