Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
SEBI SAST regulations require open offers upon acquisition of 25% voting rights, creeping acquisition beyond 5%, or change in control, with strict pricing and disclosure norms.
SAT rules non-connected individuals may qualify as insiders under SEBI PIT Regulations if they possess UPSI, expanding insider liability beyond formal corporate connections.
NCLT admitted petition holding that demand notice clearly indicated intention to enforce personal guarantees under IBC.
NCLT ruled that absence of separate postal receipt or acknowledgement does not invalidate a demand notice under IBC if other proof of service exists.
NCLT ruled that leasehold rights over land constitute assets of the company and are transferable in liquidation proceedings under IBC.
NCLT admitted a CIRP application for ₹1.05 crore operational debt after finding the invoices undisputed and no pre-existing dispute demonstrated by the corporate debtor.
NCLAT dismissed a personal guarantor’s application for personal insolvency, finding misuse of IBC moratorium to delay SARFAESI possession proceedings.
NCLT admitted Union Bank’s insolvency petition holding that revival letters and audited balance sheets acknowledging debt extended the limitation period for filing under IBC.
Shardul Amarchand Mangaldas advised lead managers on Bharat Forge’s ₹2,000 crore qualified institutional placement, facilitating swift capital raising via equity issuance.
Khaitan & Co has advised Reliance Industries on a ₹12,000 crore private placement of non-convertible debentures, listed on BSE and NSE, carrying a 7.47% coupon rate.
Third Amendment Directions, 2026 enhance clarity on fair valuation of investments for commercial banks.
Second Amendment Directions, 2026 update fair valuation practices for Small Finance Banks' investment portfolios.