Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
Under the Companies Act, 2013, the issuance and transfer of securities in dematerialised form is mandatory for most public and private companies, enhancing transparency and reducing fraud risk.
The National Shipping Board Rules, in effect since 1960, have been replaced, marking a significant regulatory change. The updated rules aim to enhance oversight and operational efficiency in the shipping industry.
The NCLT has admitted an insolvency plea against an online gaming firm for defaulting on a ₹2.81 crore loan. Swapnil Jain has been appointed as the Interim Resolution Professional to manage the firm's affairs.
The NCLAT has ruled that invoices are not mandatory to establish operational debt under the Technical Guidance Agreement, which entails a fixed royalty obligation. This ruling has significant implications for the enforcement of contractual liabilities.
The NCLAT directed Modi Lifecare to pay ₹63 lakh, clarifying invoices are not mandatory under the Technical Guidance Agreement. The ruling emphasizes the contract's obligatory nature for royalty payments.
The Reserve Bank of India has sanctioned the voluntary amalgamation of Bhavani Sahakari Bank Ltd. with TJSB Sahakari Bank Ltd., set to take effect on May 4, 2026. This strategic move aims to enhance operations and service to customers.
The RBI has released revised draft directions to enhance recovery practices, emphasizing borrower protection and transparency in loan recovery methods.
The NCLT has admitted an insolvency plea against an online gaming firm due to non-repayment of ₹2.81 crore loan, emphasizing the time value of money. Swapnil Jain has been appointed as the Interim Resolution Professional.
Zee Entertainment has filed a lawsuit against Nykaa for allegedly using copyrighted music in Instagram reels without permission, demanding INR 2 crores in damages. This case underscores ongoing tensions in social media copyright practices among brands and content creators.
The NCLT has admitted a Corporate Insolvency Resolution Process (CIRP) due to the failure of an OTS proposal, emphasizing the necessity of compliance and timely payments.
The Companies Act, 2013 mandates that most public and private companies issue and transfer securities only in dematerialised form, enhancing transparency. This implementation aims to minimize fraud and simplify ownership records.
The Insolvency and Bankruptcy Board of India (IBBI) has amended the PPIRP rules to ensure enhanced oversight on registered valuers and provide clearer frameworks for fair and liquidation values.