Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
ROC Pune penalized a company for using private placement funds prior to filing Form PAS-3, highlighting non-compliance with the Companies Act's provisions regarding the timing of fund utilization.
ROC Pune has penalized a company for a 46-day delay in submitting e-Form PAS-3, emphasizing strict compliance with the filing timelines under Section 42 of the Companies Act.
ROC Pune ruled that procedural violations related to a private placement involving a single investor do not warrant multiple penalties, affirming the status of the transaction as one integrated event under Section 42 of the Companies Act.
The government has unveiled new Labour and Industrial Codes 2026 accompanied by updated central rules, prompting startups to evaluate their tax regime choices carefully.
The NCLT clarified that outstanding obligations related to an ongoing One-Time Settlement (OTS) cannot impede the admission of a Corporate Insolvency Resolution Process (CIRP).
The NCLT ruled that a financial creditor cannot be compelled to wait for a One-Time Settlement (OTS) when both debt and default are acknowledged, permitting the admission of a CIRP.
The NCLT ruled that without statutory determination under the EPF Act, the EPFO cannot lodge PF claims in insolvency proceedings. This ruling upholds procedural integrity in CIRP.
The NCLT ruled that a Recovery Certificate issued by the Debt Recovery Tribunal (DRT) revives the limitation period, allowing a ₹17.54 crore insolvency plea against Sunbeam Dealers.
The NCLAT ruled that a mortgage of property without actual fund disbursal does not qualify as financial debt under the Insolvency and Bankruptcy Code (IBC), reinforcing the necessity of actual fund flows.
The NCLAT ruled that timely claims for corporate insolvency resolution process (CIRP) cannot be rejected due to minor procedural or technical objections, ensuring access to justice for creditors.
The Reserve Bank of India has released its 46th Half-Yearly Report on the management of foreign exchange reserves, enhancing transparency and public disclosure practices since 2004.
The Government's fee waiver for sports-related IP registrations highlights crucial questions on ownership and exclusivity in sporting culture. This move represents a shift towards enclosing sports culture under intellectual property rights.