Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
FeaturedIn a significant policy shift, SEBI has clarified that Infrastructure Investment Trusts (InvITs) can now exceed 49% loan-to-value (LTV) ratios for capital expenditure and debt refinancing. This circular is expected to enhance financial flexibility for infrastructure trusts.
FeaturedSEBI has published a revised Master Circular that consolidates surveillance-related directives aimed at ensuring compliance among stock exchanges, listed companies, intermediaries, and fiduciaries. Key enhancements include stricter insider trading compliance measures and automated restrictions on trading windows.
FeaturedThe Supreme Court has ruled that simultaneous Corporate Insolvency Resolution Process (CIRP) proceedings against both the principal debtor and its corporate guarantor are permissible under Section 60(2) of the IBC. This ruling supports the enforcement of banking rights in insolvency scenarios.
FeaturedGautam and Sagar Adani have consented to an $18 million penalty by the SEC regarding misleading statements, while not admitting to the allegations.
FeaturedThe Supreme Court dismissed Byju Raveendran's appeal related to the NCLAT's decision and instructed an expedited inquiry against the Interim Resolution Professional (IRP). The Court emphasized the necessity for the ongoing investigation to proceed without delay.
FeaturedThe Reserve Bank of India has canceled the Certificate of Registration for 150 non-banking financial companies, emphasizing regulatory compliance and the importance of maintaining operational standards.
FeaturedThe Delhi High Court's pro-tem order in Malikie v. Xiaomi introduces confusion into standards for assessing Standard Essential Patents (SEPs), indicating a misstep in legal reasoning that may impact future adjudications.
FeaturedSEBI has proposed comprehensive amendments to the Buy-Back Regulations, reintroducing open market buy-backs and simplifying compliance requirements to enhance investor protections.
The Reserve Bank of India has issued the final directions on the Trade Receivables Discounting System (TReDS), aiming to enhance the regulatory framework for trade financing.
The Kerala High Court ruled that SARFAESI recovery procedures do not require approval from the National Trust for properties of disabled wards, allowing petitioners to seek relief from the Debt Recovery Tribunal.
The NCLT has admitted an insolvency plea by Aditya Birla Finance against a personal guarantor, reinforcing the continuing guarantee that keeps liability alive beyond liquidation. A moratorium on recoveries has been imposed.
The NCLT has initiated the Corporate Insolvency Resolution Process (CIRP) under Section 7 of the IBC for a default amounting to ₹16.53 crores. A moratorium has been declared under Section 14 of the IBC.