Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
NCLAT maintains that supply dues between consortium partners are actionable under IBC, reinforcing the status of such obligations as operational debt. This ruling strengthens the position of suppliers in corporate insolvency processes.
The NCLT Mumbai has ordered a director to refund rental income that was diverted through forged lease agreements, mandating the amount to be returned with 12% interest. This decision highlights the tribunal's stance against fraudulent conduct and its implications for corporate governance.
The Insolvency and Bankruptcy Board of India (IBBI) has imposed a three-year suspension on an insolvency professional for failing to disclose a conflict of interest during the resolution of a RERA-linked scheme. This highlights the regulatory body's commitment to uphold ethical standards in insolvency management.
The National Company Law Appellate Tribunal (NCLAT) has ruled that financial proposals in the Corporate Insolvency Resolution Process (CIRP) cannot be altered after the challenge process begins. This prevents any post-bid modifications that could undermine the resolution process.
The Reserve Bank of India has announced an auction for state government securities amounting to ₹18,600 Crore, allowing states to raise funds for various projects.
ROC Chennai penalized a company and its director for failing to include PAN and email IDs of allottees in Form PAS-3. This ruling underscores the stringent compliance requirements mandated by Rule 14(6) of the Companies Act.
IC RegFin Legal has launched a new litigation-focused office in Fort, South Mumbai, enhancing its presence near key judicial and financial institutions including the Bombay High Court and RBI.
RBI sets cut-off rate for underwriting commission in ACU auction held October 16, 2026, for a government security. Primary dealers awarded based on competitive commission rates.
SEBI sets educational and certification requirements for research analyst registration, including NISM exams and ongoing compliance.
SEBI outlines eligibility, NISM certification, capital requirements, and compliance obligations for investment adviser registration.
Weekly compilation of significant judgments from the Supreme Court and High Courts on taxation, commercial disputes, and procedural law during the week of October 3–9, 2026.
The RBI has launched the 116th round of the Industrial Outlook Survey and the 51st round of the Services and Infrastructure Outlook Survey for Q3:2026–27. The surveys collect qualitative data on demand, employment, finance, and price trends from manufacturing and services firms.