Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The NCLT has ruled to dispense with shareholder meetings for capital reduction and conversion into a company limited by guarantee after confirming unanimous shareholder consent, despite regulatory objections.
The ICAI has announced its revised Code of Ethics, comprising three volumes, which will come into effect from April 1, 2026.
In a significant ruling, the NCLT has stated that a corporate guarantor cannot avoid Corporate Insolvency Resolution Process (CIRP) obligations even if there are parallel proceedings against the principal borrower. This decision reinforces the co-extensive liability of guarantors under the IBC.
The NCLT has clarified that the limitation period for invoking Corporate Insolvency Resolution Process (CIRP) against a corporate guarantor begins with the invocation of the guarantee, not from the classification as a Non-Performing Asset (NPA). This ruling is pivotal for creditors in managing timelines for claims against guarantors.
The RBI held a Variable Rate Repo auction with a notified amount of ₹75,000 crore. A total of ₹17,445 crore was allotted at a cut-off rate of 5.26%, showcasing ongoing liquidity management efforts.
A comprehensive guide for listed companies on mandatory website disclosure requirements under SEBI's LODR Regulations.
The Supreme Court has upheld the requirement of disclosing hash values for electronic evidence, emphasizing their role in ensuring authenticity and integrity under the Bharatiya Sakshya Adhiniyam.
The NCLT has ruled that corporate guarantors cannot evade the Corporate Insolvency Resolution Process (CIRP) even when there are ongoing proceedings against the principal borrower. This emphasizes the legal liabilities of corporate guarantors under the Insolvency and Bankruptcy Code (IBC).
The RBI has commenced its annual survey on computer software and IT services exports for 2025-26, aiming to gather critical data on the sector's performance. This survey will support the compilation of India's external sector statistics.
The Reserve Bank of India has initiated its annual survey to gather data on the foreign liabilities and assets of mutual funds for the financial year 2025-26. This data collection will aid in India’s external sector statistics compilation.
The Delhi HC ruled that a company's ₹86 lakh ITeS turnover cannot be compared with American Express's ₹782 crore turnover for transfer pricing analysis due to the significant scale differences. This ruling impacts how companies approach transfer pricing assessments in India.
MCA's amendment recognizes zero coupon zero principal instruments issued by NPOs on the Social Stock Exchange as valid for CSR, creating new funding opportunities while ensuring fund utilization safeguards.