Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
FeaturedSupreme Court upholds SAT’s application of Regulation 10 to combined acquirer-PAC holdings, dismissing SEBI appeals and clarifying SAT’s powers under Section 15T of SEBI Act.
FeaturedThe Supreme Court upheld SAT’s decision that Regulation 10 of SEBI (SAST) Regulations applies to combined shareholding of acquirer and PAC. SEBI’s appeals were dismissed.
FeaturedThe Supreme Court upheld SAT's interpretation that Regulation 10 of SEBI (SAST) Regulations applies to the combined shareholding of an acquirer and Persons Acting in Concert (PAC), dismissing SEBI's appeals and clarifying the scope of SAT’s jurisdiction under Section 15T of the SEBI Act.
FeaturedSAT quashes SEBI's Rs 6 lakh penalty on a corporate debtor, ruling that post-IBC resolution, pre-acquisition liabilities are extinguished.
FeaturedSAT Mumbai sets aside SEBI's enforcement action against Raj Oil Mills, relying on the precedential value of the Monnet Ispat ruling regarding continuing liability.
FeaturedSEBI Board has approved sweeping reforms for PMS, settlement mechanisms, REITs, InvITs, FPIs, and accredited investors to enhance market depth and compliance.
FeaturedThe Supreme Court dismissed SEBI’s appeals and upheld SAT’s interpretation that Regulation 10 of the SEBI (SAST) Regulations applies to combined shareholding of acquirer and promoter/acting in concert (PAC), clarifying the scope of open offer triggers.
FeaturedSEBI Board has cleared wide-ranging reforms for Portfolio Managers, REITs, InvITs, FPIs, AIFs, and settlement mechanisms to boost market depth and investor protection.
FeaturedSAT Mumbai ruled that an approved resolution plan under IBC bars SEBI from imposing penalties on a corporate debtor, though penalties on defaulting directors may still apply.
FeaturedSAT holds approved resolution plan under IBC immunizes corporate debtor from SEBI penalties, though directors' violations may still attract sanctions.
FeaturedThe SEBI Board has approved comprehensive reforms enhancing investor protection and market efficiency across PMS, REITs, InvITs, and AIFs. Key measures include simplified nomination norms, updated settlement mechanisms, and expanded reporting requirements.
FeaturedCyril Amarchand Mangaldas, S&R Associates, and Hogan Lovells advised on Hero Motors' ₹1,000 crore IPO, comprising fresh issue and offer for sale by promoters.