Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
FeaturedThe Calcutta HC ruled that unsuccessful efforts at recovering dues under IBC cannot lead to criminal prosecution, highlighting the distinction between civil and criminal proceedings.
FeaturedThe Calcutta High Court quashed a property attachment order under Section 107 of the BNSS, citing non-compliance with mandatory notice requirements and lack of a recorded reason to believe.
FeaturedShardul Amarchand Mangaldas and Cyril Amarchand Mangaldas have advised Krishna Institute of Medical Sciences on its ₹1,500 crore Qualified Institutions Placement. This transaction strengthens the financial position of KIMS in the healthcare sector.
FeaturedThe RBI has issued a Master Direction enabling credit derivatives and total return swaps for corporate bonds, post stakeholder feedback on its draft directions. This step marks a significant advancement in the corporate finance sector.
FeaturedThe RBI's recent directives expand the credit derivatives market by introducing new instruments, enhancing the range of hedging tools available to market participants.
FeaturedThe RBI has introduced new Credit Derivatives Directions to enhance the regulatory framework for credit derivatives, replacing the previous set of guidelines.
FeaturedThe Calcutta High Court has directed a strict six-month timeline for concluding the liquidation of 32 banking companies, noting the absence of legal barriers despite recent amendments.
FeaturedA US federal court declined to dismiss criminal charges against Gautam Adani and others, citing inadequate reasoning from the DOJ. This ruling underscores the scrutiny surrounding high-profile corporate investigations.
FeaturedThe Reserve Bank of India has issued its Master Direction regarding credit derivatives. This is a significant move towards introducing derivatives on credit indices and corporate bonds, responding to market demand.
FeaturedThe Reserve Bank of India has released directions regarding the introduction of credit derivatives and total return swaps. These directions aim to enhance regulatory clarity in the credit derivatives market.
FeaturedCRED has successfully raised $900 million from Meta in a Series H funding round, involving primary subscriptions and secondary share acquisitions. Key changes in management were announced alongside this transaction.
FeaturedThe Bombay High Court dismissed petitions from commodity traders challenging the MCX's decision to settle April 2020 crude oil futures at negative prices. The petitioners contended that SEBI should annul those trades, but the court upheld the decisions, emphasizing the integrity of market operations.