Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The NCLT has pronounced that procedural delays in filing liquidation pleas do not impede the Committee of Creditors' (CoC) statutory decision to liquidate. This ruling underscores the importance of timely creditor actions.
The NCLT ruled that a minority shareholder cannot be compelled to obtain support from others to meet the 10% threshold required for filing an application under Section 244. This decision is pivotal for minority shareholders' rights in company affairs.
A U.S. District Court has dismissed securities and wire fraud charges against Gautam Adani and two other executives, concluding a high-profile case while noting the unusual nature of the decision.
Former Chief Justice of India DY Chandrachud has been appointed as an arbitrator in a significant investment treaty dispute between Russia and Ukraine's state-owned Oschadbank. This appointment enhances India's recognition in international arbitration.
SEBI has revised rules concerning municipal debt, focusing on face value, escrow mechanisms, and reporting timelines. These changes are effective from August 11, 2026.
SEBI has proposed to widen the participation of Foreign Portfolio Investors (FPIs) in commodity derivatives markets while ensuring strict safeguards for delivery obligations. This move is aimed at enhancing liquidity and market depth.
SEBI has amended the ILMDS Regulations concerning face value of municipal debt, escrow mechanisms, and reporting timelines, effective immediately. These changes streamline the regulatory framework governing municipal securities.
The Bombay High Court has quashed bifurcation and deemed conveyance orders due to violations of natural justice and non-compliance with the Maharashtra Cooperative Societies Act.
The Supreme Court has quashed an FIR against a property vendee, determining that the sale had been duly authorized by a Power of Attorney (PoA). The court ruled that the dispute did not warrant criminal action against the vendee.
The Allahabad and Karnataka High Courts determined that mere route deviation does not warrant GST detention or penalties if documents are legitimate and no tax evasion is proven.
The Kerala High Court has allowed Input Tax Credit (ITC) under Section 16(5), directing reconsideration of claims for returns filed before the extended cut-off date.
The Rajasthan High Court has ruled that imposing GST on college affiliation fees is unsustainable, reinforcing the legal argument against such levies.