Facebook Pixel SC quashes verdict based on AI-created precedents | Financial Express Mumbai - newspaper - Les denne historien på Magzter.com

Prøve GULL - Gratis

SC quashes verdict based on AI-created precedents

Financial Express Mumbai

|

July 03, 2026

RED FLAGGING THE use of "non-existent, fake, and hallucinated" judgments generated by artificial intelligence (AI), the Supreme Court on Thursday set aside a verdict of the National Company Law Tribunal (NCLT), saying that courts must adopt zero tolerance against citing or using AI-generated precedents.

- PRESS TRUST OF INDIA

The bench comprising Justices PS Narasimha and Alok Aradhe said, “The production of fake, non-existent, and hallucinated material and its utilisation as precedents in law, is like the release of methyl Isocyanate in the province of law and justice: invisible, insidious, and catastrophic by the time anyone notices. It not only contaminates but takes away the very lifeblood of judicial determination.” It set aside an NCLT judgement on Essel Infraprojects insolvency after finding that the tribunal had relied on non-existent, fake and hallucin

FLERE HISTORIER FRA Financial Express Mumbai

Financial Express Mumbai

Adani Enterprises floats ₹10K-cr QIP

ADANI ENTERPRISES ON Thursday launched its ₹10,000-crore qualified institutional placement (QIP), joining a growing list of large equity fundraises by Indian corporates as companies tap capital markets to fund expansion.

time to read

1 mins

July 03, 2026

Financial Express Mumbai

After WhatsApp, notices to Telegram, Signal

AFTER SENDING A notice to WhatsApp, the IT ministry has now issued notices to Telegram and Signal, raising questions on their existing username feature and asking how the platforms are addressing concerns related to fraud and impersonation, according to a source.

time to read

1 min

July 03, 2026

Financial Express Mumbai

Mehli Mistry exits RNT Associates

Cites other commitments as reason for stepping down

time to read

1 mins

July 03, 2026

Financial Express Mumbai

NMC Health: BoB seals $600-mn settlement

STATE-OWNED BANK OF Baroda (BoB) on Thursday said it reached an out-of-court settlement with NMC Health, NMC Healthcare, and NMC Holding, with $600 million (about ₹5,700 crore) paid through its Abu Dhabi branch.

time to read

1 min

July 03, 2026

Financial Express Mumbai

Drug companies get more pricing freedom

THESE REGULATORY RELAXATIONS have been introduced through a host of amendment to the Drug Prices Control Order, 2013.

time to read

1 mins

July 03, 2026

Financial Express Mumbai

Speeding on the EV highway

HERE’S HOW HERO MOTOCORP’S ELECTRIC VEHICLE ARM IS LOOKING TO TRANSITION INTO A COMPREHENSIVE MOBILITY ECOSYSTEM

time to read

3 mins

July 03, 2026

Financial Express Mumbai

US supplies two-thirds of LPG imports in June

THE US EMERGED as India’s largest supplier of liquefied petroleum gas (LPG) in June, accounting for nearly two-thirds of imports as refiners shifted away from traditional Gulf suppliers following disruptions triggered by the US-Iran conflict.

time to read

1 mins

July 03, 2026

Financial Express Mumbai

Usernames optional: Meta

FOLLOWING A CONTROVERSY over the username feature, messaging giant WhatsApp said taking usernames is not a mandatory feature for everyone, and well-known public-figure names and their variations will be reserved for verified owners.

time to read

1 min

July 03, 2026

Financial Express Mumbai

SC quashes verdict based on AI-created precedents

RED FLAGGING THE use of \"non-existent, fake, and hallucinated\" judgments generated by artificial intelligence (AI), the Supreme Court on Thursday set aside a verdict of the National Company Law Tribunal (NCLT), saying that courts must adopt zero tolerance against citing or using AI-generated precedents.

time to read

1 mins

July 03, 2026

Financial Express Mumbai

NBCC awards ₹955-cr contracts in Q1

STATE-OWNED NBCC has awarded contracts worth ₹955.13 crore during the first quarter of this fiscal for construction of various projects.

time to read

1 min

July 03, 2026

Listen

Translate

Share

-
+

Change font size