AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The NCLT has admitted a corporate insolvency resolution process (CIRP) for a ₹6.58 crore claim, highlighting that disputes over reconciliation and pricing raised post-demand notice were insufficient to block the process. Emails acknowledging outstanding dues played a crucial role in this decision.
SEBI plans to simplify the KYC process for Non-Resident Indians (NRIs), Overseas Citizens of India (OCIs), and other foreign nationals, making it easier to onboard while outside India. This proposal is aimed at enhancing accessibility.
SEBI has permitted Infrastructure Investment Trusts (InvITs) to include debt-funded road maintenance expenses in their Net Distributable Cash Flows (NDCF), contingent upon certain conditions. This ruling aims to provide clearer guidelines and improve operational flexibility for InvITs.
The Madras High Court's ruling in *Novartis AG v. Venkata Narayana Active Ingredients* scrutinizes the evidentiary requirements necessary for the Bolar exemption in the pharmaceutical context, marking a significant development.
The rapid growth of India's fintech sector calls for an updated conversation on liability insurance to address emerging risks. As the digital economy matures, stakeholders must reassess their insurance needs in a changing regulatory landscape.
Section 3(m) of the Patents Act, previously underutilized, is now increasingly pivotal in patent litigation. A recent analysis reveals discrepancies between Indian patent laws and European standards, particularly regarding methods of performing mental acts.
The Central Government has enacted revisions to the central excise levies applicable to the exports of petrol, diesel, and aviation turbine fuel (ATF) effective from August 15, 2026. This new notification adjusts various levies, significantly reducing costs for exporters.
The NCLT admitted a ₹2.47 crore insolvency petition, concluding that WhatsApp chats failed to prove a pre-existing dispute. The decision underscores the need for substantive evidence in insolvency matters.
The NCLT Ahmedabad has initiated the Corporate Insolvency Resolution Process against Varidhi Cotspin for failing to discharge a debt of ₹43.39 crore. This decision emphasizes the need for strict adherence to financial obligations under corporate law.
The Delhi High Court has quashed summons issued to the directors of a tea company under the SWM Act, ruling that no proceedings could be sustained against them without the company being impleaded as an accused.
The Kerala High Court has mandated that Micro, Small, and Medium Enterprises (MSMEs) must proactively seek rehabilitation when facing incipient financial stress.
The Delhi High Court has declined to entertain a writ petition challenging the Enforcement Directorate's attachment of ₹18.10 crore under the PMLA, citing the availability of statutory remedies.
The NCLT has appointed a new liquidator following the previous liquidator's death, ensuring continuity in liquidation proceedings through a unanimous resolution by lenders. This highlights the importance of maintaining oversight in liquidation processes.