Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
SEBI has proposed a GARUDA mechanism aimed at reducing the timelines for launching AIF schemes while ensuring compliance checks are maintained.
RBI extends the period of directions issued to The Industrial Co-operative Bank Ltd. until January 2026.
RBI imposes a penalty of ₹63.60 lakh on Bank of Baroda for non-compliance with Fair Practices Code and KYC norms.
The RBI has established the redemption price for premature redemption of SGB 2020-21 Series-IX on July 04, 2026.
RBI announces a Variable Rate Repo auction for ₹75,000 Crore on July 06, aimed at managing liquidity.
The Kerala High Court has reinforced that the NCLT can accept additional pleadings after the reply stage in IBC cases to uphold principles of natural justice.
The Calcutta High Court has returned a plaint challenging an NCLT-ordered valuation, citing lack of territorial jurisdiction and statutory bar.
The NCLT has admitted an insolvency plea, ruling that routine discussions on campaign optimization do not amount to a genuine pre-existing dispute.
The NCLT has ruled that a ₹2,500 monthly fee per state for filing nil GST-3B and GSTR-1 returns during Corporate Insolvency Resolution Process (CIRP) is unreasonable and excessive.
CMS INDUSLAW successfully guided Daxko LLC in acquiring FitnessForce, demonstrating expertise in corporate acquisitions.
CMS INDUSLAW successfully advised Godrej Industries on a $105 million issuance of unsecured non-convertible debentures, enhancing their financial market presence on the Indian stock exchange.
DSK Legal has successfully navigated the legal due diligence and closing processes for the acquisition of Camascope by Person Centred Software, which includes its Indian subsidiary. The transaction involved collaboration with multiple law firms.