Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The Insolvency and Bankruptcy Board of India suspended an Insolvency Professional for three years due to wrongful rejection of a confirmed claim and failure to adhere to orders.
The Reserve Bank of India has launched the 115th round of the Quarterly Industrial Outlook Survey (IOS) for the period of July-September 2026, assessing the business sentiment and expectations within the manufacturing sector.
The Reserve Bank of India has launched the 50th round of the Quarterly Services and Infrastructure Outlook Survey (SIOS), assessing business conditions and expectations for Q2:2026-27. This survey will inform economic outlooks in these sectors.
The Government of India will conduct an auction for the re-issue of Government Securities worth ₹32,000 crore on July 10, 2026. This auction will apply the Minimum Underwriting Commitment and other guidelines established under current regulatory frameworks.
The NCLAT upheld the initiation of insolvency proceedings against a guarantor based on the loan agreement alone, validating that the signature suffices despite the absence of a formal deed.
The NCLAT confirmed that a liquidator is permitted to initiate civil proceedings following the termination of a Joint Development Agreement (JDA), affirming the need for civil adjudication in such disputes.
The NCLT clarified that any restructuring of equity capital must adhere strictly to the Companies Act and SEBI regulations, and cannot be conducted through IBC proceedings.
The NCLT ruled that homebuyers cannot reactivate delayed claims after the approval of the resolution plan, reaffirming that ignorance of the Corporate Insolvency Resolution Process (CIRP) is not a valid excuse.
The NCLT dismissed the liquidator’s application on preferential and fraudulent transactions due to the failure of service notice to the suspended management as mandated under the IBC.
The NCLT clarified that perjury jurisdiction is reserved for deliberate falsehoods and cannot be invoked for minor pleading defects, especially when the financial position is correctly represented.
The Reserve Bank of India has conducted a review of circulars issued under the Foreign Exchange Management Act, 1999, to rationalize the regulatory framework. This initiative aims to enhance the clarity and effectiveness of existing regulations.
The CBIC has issued a provisional assessment directive for Insoluble Sulphur imports from China while an anti-absorption review is ongoing.