Topic
supreme court
Finance Supreme Court Upholds Sebi Action Against Kotak AMC, MD Nilesh Shah Over FMP Violations
The Supreme Court upheld Sebi's regulatory action against Kotak Mahindra Asset Management Company, its trustee company, and senior executives including MD Nilesh Shah for violations related to six Fixed Maturity Plan schemes. The court rejected the argument that investors profited, emphasizing that regulatory breaches cannot be excused. It imposed costs of Rs 30 lakh on Kotak AMC and Rs 20 lakh on Kotak Trustee Company.
Logistics Supreme Court Eliminates Broker Defense, Raising Liability Risks for Truck Leasing Companies
The Supreme Court ruled 9-0 on May 14, 2026, that state-law negligent-hire claims against freight brokers are not preempted by federal law. Legal analysts warn that the same reasoning could extend liability to truck leasing companies like Ryder and Penske, which have relied on a different statute for protection.
Logistics Supreme Court Ruling Strengthens Presidential Power to Fire STB Member, Reshaping Rail Regulation
The U.S. Supreme Court ruled that President Trump can remove members of the Federal Trade Commission without cause, overturning a 1935 precedent. This decision likely affects Robert Primus, the fired Surface Transportation Board member, and could accelerate railroad merger reviews and politicize STB decisions.
Finance Supreme Court blocks Trump's attempt to fire Federal Reserve governor Lisa Cook in 5-4 ruling
The US Supreme Court ruled 5-4 to block President Trump's attempt to fire Federal Reserve Governor Lisa Cook, stating the administration did not provide sufficient due process. The case returns to lower courts where the administration must prove mortgage fraud allegations. The decision is seen as affirming the Fed's independence.
Logistics Supreme Court and White House Rule Changes Reshape Freight Broker and NVOCC Compliance
On May 22, 2026, the Supreme Court unanimously ruled in Montgomery v. Caribe Transport II to remove the federal preemption shield for freight brokers, allowing state negligent carrier selection claims. Eleven days later, a White House Executive Order extended compliance obligations across the logistics chain, targeting forced labor, misclassification, and illegal transshipment with criminal enforcement. Industry operators must now prove compliance cryptographically at every handoff to withstand federal court scrutiny.
Logistics Texas Court Clears Shipper Liability in Home Depot Case
A Texas court has ruled that Home Depot is not liable for a crash involving Werner Enterprises, impacting shipper liability discussions. This decision follows a contrasting ruling in the Montgomery vs. Caribe Transport II case.
Trade SC Cuts Duty on Exxsol Hexane to 2.5% After Ruling
The Supreme Court of India has ruled that Exxsol Hexane is a pure hydrocarbon, leading to a reduction in import duty to 2.5%. This decision impacts the classification and taxation of the product under customs regulations.
Business Supreme Court Clears RIL in 2007 RPL Trading Case
The Supreme Court has cleared Reliance Industries Limited (RIL) of charges related to illegal gains in the 2007 Reliance Petroleum (RPL) trading case. The court set aside the Securities Appellate Tribunal's order for disgorgement but upheld penalties for violating a 2001 SEBI circular.
Logistics C.H. Robinson Tightens Carrier Safety Compliance Post-Court Ruling
C.H. Robinson is enforcing stricter safety compliance for carriers, influenced by a recent Supreme Court ruling. This change affects carrier eligibility and booking capabilities.