Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The NCLT has dismissed an insolvency plea regarding defaults under a post-dispute settlement deed, emphasizing that such breaches must be pursued in a suitable forum for resolution and are not considered operational debts under the IBC.
The NCLT has clarified that a review order from the DRT cannot extend the limitation period for filing insolvency proceedings. Creditors have alternative recovery options.
The RBI has modified returns and reporting requirements under FEMA to enhance operational efficiency for Authorized Persons.
MCA has revised the Director KYC framework to streamline compliance, requiring DIR-3 KYC every three years.
The article provides a detailed AGM compliance tracker for listed companies, highlighting important statutory timelines.
The Ministry of Corporate Affairs has issued warnings regarding phishing attempts impersonating its officials through various communication channels.
This article provides insight into filing obligations for annual returns (MGT-7, MGT-7A, and MGT-8) as per the Companies Act, 2013.
This article outlines the mandatory requirements for Directors' Reports under the Companies Act, 2013, including disclosures related to AOC-1, AOC-2, and CSR.
The Reserve Bank of India (RBI) conducted an Overnight Variable Rate Repo auction on July 8, 2026, with a total notified amount of ₹25,000 crore. All bids received were fully allotted at a cut-off rate of 5.26%.
The Calcutta High Court mandates the expeditious liquidation of 32 banking companies, requiring periodic updates to the RBI within six months.
The RBI clarifies the scope and deadline for the FLA Return under FEMA, emphasizing compliance related to foreign investments. Entities are urged to familiarize themselves with reporting requirements by the July 15 deadline to avoid penalties.
The Institute of Chartered Accountants of India (ICAI) responded to claims about a data breach on social media, labeling them as false and urging stakeholders to refer to official updates.