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Introduction On March 5, 2026, a Division Bench of the Madras High Court, in The Deputy Director v. The Deputy Superintendent of Police and Others1, was confronted with a question at the intersection of corruption law and anti-money laundering enforcement: when a CBI court under PC Act is adjudicating a corruption case, does the subsequent filing of money-laundering charges by […]

Introduction Can an Arbitral Tribunal award interest as a matter of equity or compensation when the underlying contract expressly prohibits it? In its landmark ruling in Union of India & Ors. v. Larsen & Toubro Limited (L&T)1, the Supreme Court of India reaffirmed the principle of party autonomy, declaring that the statutory framework of the Arbitration and Conciliation Act, 1996, […]

Introduction  Corporate debtors often seek to preserve older restructuring frameworks, while financial creditors insist that once those frameworks lose legal and commercial viability, the IBC must take its course. The Supreme Court’s recent decision in Omkara Assets Reconstruction Pvt. Ltd. v. Amit Chaturvedi1 confronts a variant of this tension. Primacy of IBC over defunct Scheme of Arrangement (SOA) The issue […]