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5 judgments in Commercial law

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Commercial

State of Haryana & Ors. v. M/s. Faridabad Gurgaon Minerals & Anr.

(2026) INSC 690

Whether the State Government can enhance the rate of royalty and dead rent during the subsistence of a mining lease when the lease deed does not expressly provide for such enhancement, and whether such enhancement is valid under the Mines and Minerals (Development and Regulation) Act, 1957 and the Punjab Minor Mineral Concession Rules, 1964.

13 Jul 2026

Dipankar Datta J.

Mining leaseRoyalty enhancementDead rent

Commercial

H.D.F.C. Bank Limited v. Kishore K. Mehta (Dead) Through L.Rs.

(2026) INSC 688

Whether a recovery certificate issued by a Debts Recovery Tribunal under the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 (pre-2016 amendment) constitutes a 'decree or order' within the meaning of Section 9(2) of the Presidency Towns Insolvency Act, 1909, so as to form the basis for issuance of an insolvency notice.

13 Jul 2026

Dipankar Datta J.

Insolvency noticeRecovery certificateDRT

Commercial

State of Haryana & Ors. v. M/s. Jai Durgaa Finvest P. Ltd.

(2026) INSC 678

Whether the security deposit furnished by a contractor under a statutory contract will carry interest despite a specific contractual clause (Clause 19 of Form-L) that expressly states the deposit shall not carry any interest, and whether a High Court can declare such a clause unsustainable in law or against public policy.

13 Jul 2026

Surya Kant CJI

Contract interpretationSecurity depositInterest

Commercial Premium

State of Himachal Pradesh v. M/S Kundlas Loh Udyog

(2026) INSC 534

Whether Clause 16(a) of the Himachal Pradesh Industrial Policy, 2019, which provided that 'eligible enterprises' would receive a 15% discount on energy charges for 3 years, was intended to apply to existing industrial enterprises undertaking substantial expansion or only to new industrial enterprises, and whether the amendment notification dated 29.04.2022 substituting 'eligible' with 'new' was clarificatory and retrospective or substantive and prospective.

25 May 2026

Justice J.B. Pardiwala

Industrial policyPromissory estoppelFiscal incentives

Commercial Premium

Punjab State Power Corporation Limited v. Talwandi Sabo Power Limited

(2026) INSC 515

Whether the failure of a generating station to demonstrate its declared capacity (DC) when asked by the State Load Despatch Centre (SLDC) under Regulation 11.3.13 of the Punjab State Grid Code, 2013 constitutes a strict liability inviting penalty without proof of mens rea or illegal enrichment, and whether such demonstration must be achieved within the fourth time block from receipt of the notice under Regulation 11.5(xi).

20 May 2026

Justice Sanjay Kumar

Electricity Act 2003Grid CodeDeclared capacity