AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Delhi Court's order to attach movable assets of lawyer Mehmood Pracha has been challenged to the Supreme Court, which will decide based on precedents relating to legal costs and asset attachment.
India has amended its Foreign Direct Investment (FDI) regulations, introducing a 10% non-controlling beneficial ownership test that aims to clarify and streamline investment approvals for foreign investors. This change updates land-border rules and reduces uncertainty for global investors.
The Gujarat High Court has granted interim relief against the cancellation of an IBBI IP registration. The court has raised concerns regarding the participation of an investigator in the disciplinary committee reviewing the registration.
The Delhi High Court held that lending a Customs Broker license and dongle for a fixed monthly fee violates regulation 1(4) of the Customs Broker Licensing Regulations. This decision clarifies the boundaries of permissible practices within customs brokerage.
In a recent ruling, the NCLAT upheld the resolution plan approved by the Committee of Creditors (CoC), denying the suspended promoter's request for a fresh valuation post-approval, underscoring the principle of commercial wisdom.
The NCLT has admitted the Corporate Insolvency Resolution Process (CIRP) for a financial default of ₹55.45 Crores. The Tribunal rejected the argument regarding pledge enforcement as a valid defence, underlining the significance of the debt threshold exceeding ₹1 crore.
Shiprocket has secured ₹1,617 crore in its recent IPO, with leading law firms advising on the transaction, underscoring the role of legal counsel in capital market operations.
The Telangana High Court ruled that share premium received from a non-resident shareholder on a fresh share issue is considered a capital receipt, not taxable income. This decision has important implications for taxation practices in corporate finance.
The RBI has released its 2026 Directions, consolidating supervisory returns for Non-Banking Financial Companies (NBFCs), focusing on streamlined filing, reporting requirements, and compliance.
The Telangana High Court ruled that share premium received from a non-resident shareholder during a fresh share issue is categorized as a capital receipt and not taxable income.
SEBI has amended its Online Bond Platform (OBPP) framework to allow for the introduction of IFSCA products and 54EC bonds, implementing new disclosure and compliance requirements.
SEBI has proposed simplified digital KYC norms for non-resident Indians (NRIs), overseas citizens of India (OCIs), and foreign nationals, eliminating the need for physical presence.
SEBI has issued a warning to investors against relying on live trading strategies and real-time stock market tips shared on social media, urging them to engage only with registered intermediaries.