N/Acorporate
CSR Funds and Social Stock Exchange: MCA’s Recent Amendments
New amendments by the MCA allow companies to use a portion of CSR funds through Zero Coupon Zero Principal instruments on the Social Stock Exchange.
Jun 4, 2026Read more →
Court News
Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
Madras High Courtcorporate
Madras HC Quashes DRI Show Cause Notice for Lack of Proper Officer
The Madras High Court has ruled that show cause notices issued by officers not designated as 'proper officers' are void. This ruling quashes the DRI's show cause notice, mandating the return of bank guarantees to the petitioner.
Jun 4, 2026Read more →
Madras High Courttax
Madras HC Quashes Equalisation Levy on Zoho's US Subsidiary Reimbursements
The Madras High Court has quashed the equalisation levy demand on Zoho's reimbursements made to its US subsidiary, ruling it exempt under current tax provisions. This decision orders a reconsideration of a Rs. 57.1 crore refund claim.
Jun 4, 2026Read more →
Madras High Courttax
Madras HC Upholds Rs.700 Crore Income Tax Demand Against Settlement Orders
The Madras High Court upheld a Rs.700 crore income tax demand, clarifying that assessment orders made during the Settlement Commission proceedings were valid. This ruling reinforces the jurisdiction of assessing officers in cases where interim court orders are involved.
Jun 4, 2026Read more →
National Company Law Appellate Tribunalcorporatebanking
Section 95 Application Invalidated Due to Misrepresentation of Borrower
The NCLAT has ruled that a misrepresentation of a borrower as a guarantor invalidates the application under Section 95 of the IBC. This decision mandates that future applications must be supported by valid guarantee documents to proceed.
Jun 4, 2026Read more →
National Company Law Tribunalbankingcorporate
NCLT Admits CIRP Despite Ongoing Settlement Discussions
The NCLT ruled that ongoing settlement discussions cannot impede the initiation of Corporate Insolvency Resolution Process (CIRP) if a default and operational debt are established. This sets a critical precedent confirming that discussions do not negate existing legal claims.
Jun 4, 2026Read more →
National Company Law Appellate Tribunalbankingcorporate
GNIDA’s Claim as Secured Operational Creditor Limited to ₹6.79 Crore: NCLAT Ruling
The NCLAT has ruled that GNIDA's claim as a secured operational creditor cannot exceed ₹6.79 crore, emphasizing the finality of resolution plans under the IBC. This decision highlights that public authorities must adhere to procedural norms and cannot contest settled plans post-judicial determination.
Jun 4, 2026Read more →
Supreme Court of Indiacorporateintellectual_property
Supreme Court Directs Telangana Colleges to Disclaim Links with US University
The Supreme Court has mandated colleges in Telangana using the 'Princeton' name to clarify that they have no association with Princeton University in New Jersey, amid a trademark dispute.
Jun 3, 2026Read more →
Reserve Bank of Indiabanking
Amendments to Credit Risk Management for Non-Banking Financial Companies by RBI
The RBI has issued new credit risk management amendments for Non-Banking Financial Companies, enhancing measures aimed at ensuring financial stability and risk mitigation in the financial sector.
Jun 3, 2026Read more →
Reserve Bank of Indiabanking
RBI Amends Credit Risk Management for Rural Cooperative Banks
The RBI issued new amendments focused on credit risk management for Rural Cooperative Banks, highlighting the importance of robust asset management amid economic pressures.
Jun 3, 2026Read more →
Reserve Bank of Indiabanking
RBI Issues New Directions on Stressed Assets for Financial Institutions
The RBI's latest directives focus on the resolution of stressed assets in All India Financial Institutions, enhancing frameworks necessary for managing distressed financial situations effectively.
Jun 3, 2026Read more →
Reserve Bank of Indiabanking
RBI Enhances Credit Risk Management for Regional Rural Banks
The RBI has issued new amendments for Regional Rural Banks, focusing on improving credit risk management practices critical for ensuring financial stability and sound lending.
Jun 3, 2026Read more →