Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
FeaturedThe Calcutta High Court ruled that an exclusive jurisdiction clause in favor of UK courts does not override mandatory provisions of the Foreign Exchange Management Act (FEMA).
FeaturedNCLT Mumbai ruled that invoking a second guarantee notice does not reset the limitation period on a time-barred Section 7 claim. Claims must comply with limitation laws to be valid.
FeaturedThe NCLAT upheld the NCLT's verdict on the invalidity of share transfers due to non-compliance. The ruling reinforces the protection of minority shareholder rights against manipulation.
FeaturedThe NCLT has upheld the finality of a resolution plan, ruling that an income tax claim filed 1305 days late is inadmissible under the IBC. This reinforces the judicial emphasis on adherence to timelines in insolvency contexts.
FeaturedThe NCLT has ruled that a guarantee claim amounting to ₹34.82 crore was time-barred, asserting that SARFAESI notices and DRT proceedings do not extend limitation periods under the IBC. This clarification is crucial for creditors in understanding their claim timelines.
FeaturedThe NCLT has ordered the liquidation of APS Infra Engineers, ruling that the resolution plan was non-compliant due to fraudulent and undervalued transactions. This decision clearly prioritizes creditor protection and transparency within insolvency proceedings.
FeaturedSEBI has implemented the GARUDA mechanism to streamline the filing process and launch procedures for Alternative Investment Funds (AIFs). This revision is effective immediately under the amended AIF Regulations, aiming to expedite the approval and operationalization of AIF schemes.
FeaturedThe National Stock Exchange's upcoming IPO is not just a financial event but a critical governance test. The offering aims to assess market pricing of a significant institution.
FeaturedThe Punjab and Haryana High Court has refused bail to advocate Vikas Kumar, accused of conspiring to manipulate judicial proceedings. The allegations suggest involvement in an organized criminal network intending to misappropriate trust property.
FeaturedThe RBI has released draft Foreign Investment Rules 2026, proposing a comprehensive overhaul of the FDI framework and introducing an overseas listing scheme. The rules are open for public comments until August 31, 2026.
FeaturedThe Delhi High Court has ordered the winding up of Paytm Payments Bank following the cancellation of its RBI license, appointing an Official Liquidator to oversee the process. The decision emphasizes regulatory compliance in the banking sector.
FeaturedThe recent FEMA reforms aim to simplify processes related to Foreign Direct Investment (FDI), Overseas Direct Investment (ODI), and External Commercial Borrowing (ECB), facilitating better compliance frameworks for businesses. This initiative reflects an effort to encourage foreign investments.