23 Apr 2026

Motilal Oswal Alternative Investment Trust and Motilal Oswal Asset Management Company have settled a regulatory case with the Securities and Exchange Board of India (Sebi) by paying INR 38.76 lakh. The settlement relates to alleged violations of alternative investment fund (AIF) norms, including the handling of defaulting investors, distribution practices and investor servicing deficiencies. Sebi observed that the AIF retained INR 8.69 crore from defaulting investors and that penal exit loads were not credited to schemes for the benefit of other investors. The regulator also flagged gaps in distributor oversight and an instance of incorrect investor classification. The entities resolved the matter through a settlement mechanism without admitting or denying the findings.Read more

23 Apr 2026

A father-son duo has been arrested in Kanpur for allegedly cheating 29 individuals of around INR 7 lakh by promising housing allotments under the Pradhan Mantri Awas Yojana (PMAY). The case, registered following a court directive, involves claims that the accused collected money under the pretext of securing government housing and employment. Victims reported that neither housing nor refunds were provided, prompting legal action. The incident highlights recurring instances of fraud linked to government housing schemes, raising concerns over misuse of welfare programmes and the need for stricter verification mechanisms.Read more

23 Apr 2026

The Central Bureau of Investigation has arrested two senior executives of Reliance Communications in connection with an alleged bank fraud case linked to credit facilities extended by State Bank of India. The case involves a reported wrongful loss of INR 2,929.05 crore to SBI and a wider exposure of INR 19,694 crore across 17 public sector banks and financial institutions. The investigation points to fund diversion through shell entities and misuse of Letters of Credit for non-genuine transactions. The agency has indicated that the executives played key roles in managing banking operations and fund utilisation within the company.Read more

23 Apr 2026

The Enforcement Directorate has carried out another round of searches at premises linked to Kolkata-based Merlin Group as part of its ongoing money laundering investigation. The case relates to alleged irregularities in land acquisition, use of forged ownership documents and suspicious financial transactions in real estate projects. The agency is also reviewing possible connections with public officials and political figures. This follows earlier action taken in the past week, indicating a deeper probe into fund flows, project structures and ownership patterns under the Prevention of Money Laundering Act.Read more

23 Apr 2026

The Allahabad High Court has stopped the proposed demolition of 48 residential and commercial properties in the Dibiyapur area of Auraiya district and ordered maintenance of status quo. The court has asked the state government to file its response within a week after petitioners challenged the demolition action linked to a government order. The matter was brought before the court on an urgent basis as demolition was expected to begin on April 16. The next hearing is scheduled for April 29, when further directions will be considered.Read more

23 Apr 2026

The National Green Tribunal has directed strict action against a brick kiln in Rewari after it was found operating in violation of environmental norms. The tribunal instructed the Haryana State Pollution Control Board to verify whether the unit holds a valid Consent to Operate and to shut it down immediately if it is found non-compliant. The matter arose from complaints of illegal functioning despite earlier cancellation of consent and administrative action. The case highlights ongoing concerns around enforcement gaps and pollution caused by brick kilns in the region.Read more

23 Apr 2026

The Supreme Court has ruled that safe road travel is a part of the right to life under Article 21, stressing that authorities must ensure safer highways and expressways. While hearing a suo motu case linked to serious road accidents, the Court issued nationwide directions aimed at reducing preventable deaths. It highlighted that highways carry a high share of fatalities despite forming a small part of the road network. The Court also ordered stricter enforcement against illegal parking, encroachments, and poor monitoring systems across states.Read more

22 Apr 2026

India is set to establish a dedicated bench within the National Company Law Tribunal (NCLT) to handle cross-border insolvency cases, aiming to expedite resolution timelines and improve coordination with foreign jurisdictions. The move follows recent amendments to the Insolvency and Bankruptcy Code (IBC), which introduce a framework based on a modified UN model law. The specialised bench will comprise trained members equipped to manage complex international insolvency matters involving overseas assets and creditors. The initiative seeks to address delays seen in past high-profile cases and enhance recovery prospects, while strengthening India's insolvency ecosystem in line with global practices.Read more

22 Apr 2026

The Maharashtra government has approved the rollout of 60 privately operated property registration centres to improve efficiency and reduce congestion at existing sub-registrar offices. The centres will function alongside over 500 government facilities, with private operators managing infrastructure and front-end services while registration authority remains with government officials. The initiative will be implemented in phases, beginning with key cities such as Mumbai, Pune, Thane and Nagpur. Users opting for these centres will pay an additional service fee for improved amenities and faster processing. The move reflects a broader push to modernise property registration processes and enhance user experience, though concerns have been raised regarding added costs and the need to upgrade existing public infrastructure.Read more

Mumbai News Desk

22 Apr 2026

The Bombay High Court has permitted MHADA to use unclaimed flats in the Patra Chawl redevelopment for public housing if eligible residents fail to take possession by April 30. The court noted that completed homes should not remain unused in a city facing housing shortage. It also allowed delayed claim by residents with prior notice. The case includes concerns over construction quality, lease obligations, and misuse of rehabilitation units. The ruling aims to ensure better use of public housing stock while protecting the rights of original beneficiaries.Read more