AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
FeaturedThe Reserve Bank of India has notified the Cybersecurity, Technology Risk, Resilience and Assurance Framework Directions, 2026 for Non-Banking Financial Companies (NBFCs). These directions establish guidelines for governance, reporting, and cybersecurity controls.
FeaturedIn a significant ruling, the Bombay High Court quashed an MVAT attachment over a secured asset, reinforcing a bank's priority under the SARFAESI Act.
FeaturedThe NCLAT has ruled that funds advanced under a sale agreement constitute financial debt under the IBC, allowing a Section 7 petition. This decision has set aside the NCLT's earlier order on the matter.
FeaturedThe Reserve Bank of India has announced the resumption of licensing for Urban Co-operative Banks (UCBs) on an 'on tap' basis. This decision follows a comprehensive analysis of stakeholder feedback and marks a significant policy shift in the banking sector.
FeaturedThe Delhi High Court recognized Toyota's 'ALPHARD' mark as well-known, affirming its trans-border reputation and clarifying the legal test for trans-border reputation in luxury markets.
FeaturedThe Calcutta High Court ruled that an exclusive jurisdiction clause in favor of UK courts does not override mandatory provisions of the Foreign Exchange Management Act (FEMA).
FeaturedNCLT Mumbai ruled that invoking a second guarantee notice does not reset the limitation period on a time-barred Section 7 claim. Claims must comply with limitation laws to be valid.
FeaturedThe NCLAT upheld the NCLT's verdict on the invalidity of share transfers due to non-compliance. The ruling reinforces the protection of minority shareholder rights against manipulation.
FeaturedThe NCLT has upheld the finality of a resolution plan, ruling that an income tax claim filed 1305 days late is inadmissible under the IBC. This reinforces the judicial emphasis on adherence to timelines in insolvency contexts.
FeaturedThe NCLT has ruled that a guarantee claim amounting to ₹34.82 crore was time-barred, asserting that SARFAESI notices and DRT proceedings do not extend limitation periods under the IBC. This clarification is crucial for creditors in understanding their claim timelines.
FeaturedThe NCLT has ordered the liquidation of APS Infra Engineers, ruling that the resolution plan was non-compliant due to fraudulent and undervalued transactions. This decision clearly prioritizes creditor protection and transparency within insolvency proceedings.
FeaturedSEBI has implemented the GARUDA mechanism to streamline the filing process and launch procedures for Alternative Investment Funds (AIFs). This revision is effective immediately under the amended AIF Regulations, aiming to expedite the approval and operationalization of AIF schemes.
FeaturedThe National Stock Exchange's upcoming IPO is not just a financial event but a critical governance test. The offering aims to assess market pricing of a significant institution.