The Bombay High Court has dismissed a petition seeking a CBI investigation into allegations that Adani Green Energy Ltd paid over ₹2,000 crore in bribes to secure solar power contracts.

A Division Bench of Chief Justice Shree Chandrashekhar and Justice Suman Shyam rejected the plea, which relied on a US Department of Justice indictment and SEC proceedings pending in a New York federal court.

The petitioner, Jitendra Maru, alleged an organized scheme to bribe officials in multiple Indian states to secure power purchase agreements at inflated tariffs.

The Court's detailed order explaining the grounds for dismissal is currently awaited.

[Jitendra Maru v. Central Bureau of India & Ors.]

The Competition Commission of India (CCI) approved the merger of Chess Merger Sub, a subsidiary of Coursera Inc., with Udemy Inc.

As part of this deal, Udemy will continue to exist but will become a wholly owned subsidiary of Coursera, giving Coursera full control.

The merger is structured so that Coursera shareholders will hold about 59% of the combined company, while Udemy shareholders will hold around 41%.

Both companies operate global online learning platforms, and the approval means the transaction complies with competition laws, though the detailed order from CCI is yet to follow. 

The Union Government has introduced the Corporate Laws (Amendment) Bill, 2026, which seeks to amend the Companies Act, 2013, and the LLP Act, 2008.

The Bill proposes decriminalizing minor offences by replacing prison terms with monetary penalties and raising the CSR applicability threshold from a net profit of Rs 5 crore to Rs 10 crore.

The Bill also enables hybrid AGMs and allows the conversion of specified trusts into LLPs to promote ease of doing business.

Following objections from the Opposition regarding excessive delegation of powers to the Centre and regulators like NFRA, the Bill has been referred to a 31-member Joint Parliamentary Committee.

The Supreme Court ruled that a National Company Law Appellate Tribunal (NCLAT) bench can lawfully consist of a majority of technical members.

Justices Sanjay Kumar and Vinod Chandran clarified that Section 418A of the Companies Act, 2013, only mandates the presence of at least one judicial member, not a judicial majority.

The Court rejected the minority shareholders' reliance on the Madras Bar Association verdict, noting that the prior ruling applied to the now-repealed 1956 Act.

Consequently, the Court upheld Bharti Telecom’s capital reduction scheme, confirming that a unanimous decision by a bench of one judicial and two technical members is valid.

[Pannalal Bansal v. Bharti Telecom & Ors]

The Securities and Exchange Board of India (SEBI) has fined Mediaone Global Entertainment Ltd ₹99 lakh for diverting funds, manipulating accounts, and misleading investors.

SEBI found that the company diverted ₹99.48 crore it received from Eros International Media Ltd. for film production and content, but did not use it for legitimate business purposes.

SEBI ordered the company to recover the diverted amount with 12% interest, transfer unpaid dividends to the Investor Education and Protection Fund, and restrict access to the securities market for key individuals involved.

The action aims to protect investors and enforce compliance with securities laws.

The Ministry of Corporate Affairs (MCA) has introduced the Companies Compliance Facilitation Scheme, 2026 (CCFS-2026), offering defaulting companies a one-time opportunity to regularise delayed annual returns and financial statements. The Scheme will operate from April 15 to July 15, 2026.

Under the Scheme, companies can complete pending filings by paying only 10% of the additional fees otherwise payable.

Inactive companies may apply for dormant status on payment of 50% of normal filing fees, while companies seeking strike-off can do so by paying 25% of the applicable fee.

The initiative aims to ease compliance burdens and ensure updated corporate records.

The Supreme Court directed a telecom operator to pay spectrum usage charges (SUC) from the date its 2G licence was quashed, not from the date of re-auction or grant of a fresh licence.

The Court observed that once a licence is declared invalid, the operator continues to use the spectrum and must compensate the exchequer accordingly.

It noted that allowing payment only from re-auction would unjustly benefit the operator at the cost of public revenue.

The Bench issued the direction while hearing an appeal arising from disputes over the consequences of quashing 2G licences issued in the controversial 2008 spectrum allocation exercise.

[UOI v. Sistema Shyam Teleservices Ltd.]

Legal AI platform Harvey has formalised a brand association with actor Gabriel Macht, widely recognised for his role as Harvey Specter in the television series Suits.

The announcement accompanied the debut of Harvey’s official Instagram account, @askharvey, as part of its wider international branding strategy.

Harvey Co-Founder and CEO Winston Weinberg said Macht’s portrayal of a corporate lawyer continues to motivate aspiring lawyers, making him an apt choice to support the company’s global outreach. 

The National Company Law Tribunal admitted a class action petition filed by minority shareholders of Jindal Poly Films, holding that allegations of prejudicial conduct by the management warrant detailed adjudication.

The tribunal rejected objections on maintainability and ruled that the petition under Section 245 of the Companies Act, 2013 meets the statutory threshold, as the petitioners collectively hold around five per cent shareholding.

The shareholders alleged undervalued related-party transactions involving preference shares in group entities, causing substantial losses.

The NCLT observed that Section 245 permits claims for compensation even for past transactions and listed the matter for further hearing on April 2, 2026.

The Supreme Court has dismissed JioStar’s plea seeking to stall a Competition Commission of India investigation into alleged abuse of dominant position in the Kerala cable television market.

The Court noted that the probe is still at a preliminary stage and declined to interfere at this juncture.

The case originates from a complaint by Asianet Digital Network alleging discriminatory pricing and denial of market access by JioStar through excessive discounts and sham marketing agreements.

The Court reaffirmed that allegations of abuse of dominance fall squarely within the CCI’s jurisdiction despite sectoral regulation by TRAI.

The Competition Commission of India is investigating Tata Steel, JSW Steel, SAIL and RINL for alleged price fixing and coordinated production cuts between 2018 and 2023.

The probe reviewed WhatsApp chats, pricing data, sales, and production patterns, including messages from groups such as “Friends of Steel” and “TMT Tycoons”.

The Commission found that the companies shared sensitive price information in advance and acted together to reduce supply and influence market prices. The four firms account for 44.4 per cent of India’s steel market. Tata Steel denied any wrongdoing and said it sets prices independently, while JSW, SAIL and RINL did not respond.

Senior officials are reviewing the findings and may impose penalties.

The Securities and Exchange Board of India issued a show cause notice accusing executives at EY, PwC, Carlyle and Advent of sharing unpublished price sensitive information linked to a 2022 Yes Bank share sale.

The notice alleged that confidential deal details were passed to family members and friends who traded in Yes Bank shares ahead of the July 2022 capital raising, in which Carlyle and Advent bought a combined 10 per cent stake for $1.1 billion.

SEBI said weak compliance systems at EY and PwC allowed the misuse of sensitive information.

The accused individuals and firms are submitting their responses and may face penalties or restrictions under securities law.

The Supreme Court dismissed a plea filed by a US-based investment firm Tiger Global,,  challenging the capital gains tax imposed on its sale of Flipkart shares to Walmart in 2018.

The Court held that tax authorities were justified in rejecting the firm’s request for tax exemption under the India–Mauritius Double Taxation Avoidance Agreement. It observed that once a transaction is found to be prima facie structured to avoid tax, authorities are not required to examine its merits.

The Court further clarified that possession of a Tax Residency Certificate does not bar scrutiny under anti-avoidance provisions, including GAAR.

[Authority of Advanced Ruling v. Tiger Global]

The Supreme Court held that a private complaint alleging fraud under the Companies Act, 2013 is not maintainable and can be instituted only by the Serious Fraud Investigation Office (SFIO).

The Court observed that offences relating to fraud are governed by a special statutory scheme, where investigation and prosecution are entrusted exclusively to the SFIO upon authorization by the Central Government.

It held that permitting private complaints would defeat the legislative intent behind the Act.

Accordingly, the Court set aside the proceedings initiated on a private complaint, holding them to be legally unsustainable.

[Yerram Vijay Kumar v. State of Telangana & Anr.]