Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The NCLT has admitted Canara Bank's insolvency plea of ₹119.64 Crores, stating that pending Corporate Insolvency Resolution Processes (CIRP) for a principal borrower does not hinder the liability of a corporate guarantor. This ruling sets important precedents for creditor recovery.
The NCLT has rejected a personal guarantor's moratorium plea, allowing corporate insolvency proceedings for a ₹46.62 Crore financial default. This ruling clarifies the independence of corporate insolvency proceedings from guarantor status.
The NCLT has admitted an insolvency plea of ₹11.83 Crores after bank records established the financial debt and continued default. This ruling underscores the significance of documentary evidence in insolvency proceedings.
The NCLT has ordered liquidation of a company after no viable resolution plan emerged despite an extended EOI process. The Committee of Creditors (CoC) voted 80.86% in favor of liquidation, marking a significant directive in insolvency proceedings.
SEBI has aligned its cyber incident reporting portal with the Financial Stability Board's FIRE format, requiring structured reporting from regulated entities to strengthen cybersecurity practices.
The Insurance Regulatory and Development Authority of India (IRDAI) has approved investments in NDB Maharajah INR bonds by insurers, subject to specific eligibility and rating criteria. This marks a significant regulatory change to bolster insurer investment portfolios.
The RBI has issued directions to Desaiganj Nagari Cooperative Bank, effective August 27, 2026, to ensure compliance with banking regulations.
On August 25, 2026, RBI issued directions under the Banking Regulation Act to The Citizens Co-operative Bank, Jammu, in light of regulatory compliance requirements.
The NCLT has admitted Canara Bank's insolvency plea against a corporate guarantor worth ₹119.64 crore, confirming that the Corporate Insolvency Resolution Process (CIRP) of a principal borrower does not preclude the initiation of insolvency proceedings against the guarantor.
The NCLT has ruled that a personal guarantor moratorium cannot impede independent corporate insolvency proceedings against a debtor with a financial default of ₹46.62 crore. This decision underscores the separate legal identities of guarantors and corporate debtors.
SEBI has proposed an exemption allowing eligible listed issuers to forgo mandatory merchant banker appointments for small-value debt private placements of up to ₹10,000. This initiative aims to enhance issuance efficiency and reduce compliance burdens.
The NCLT has sanctioned the merger of Aureustech Systems with Happiest Minds Technologies, effective April 1, 2026.