AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The NCLT has admitted a ₹2.47 crore insolvency plea, ruling that WhatsApp chats are inadequate to prove a pre-existing dispute without corroborating evidence. The decision underscores the importance of substantive documentary support in insolvency matters.
The RBI imposed a ₹3.10 lakh penalty on Muthoot MCred Limited due to violations of asset classification norms effective August 14, 2026.
IndusInd Bank has been penalized ₹59.20 lakh by the RBI due to infractions concerning interest rates and asset securitization effective August 14, 2026.
Northern Arc Capital Limited has been fined ₹6.20 lakh by RBI for not complying with financial disclosure requirements as of August 14, 2026.
Fusion Finance Limited has been penalized ₹2.70 lakh by RBI for non-compliance with KYC guidelines effective August 14, 2026.
The RBI has reported significant forex inflows from FCNR(B) deposits, External Commercial Borrowings (ECBs), and Overseas Foreign Currency Borrowings (OFCBs) totaling $56 billion as of August 13, 2026.
The RBI has announced that the premature redemption for the Sovereign Gold Bond (SGB) 2021-22 Series V is permitted from August 17, 2026, with the redemption price determined based on a simple average of closing prices.
The Corporate Laws Bill 2026 proposes increasing the capital and turnover limits for small companies, with stakeholders advocating for further relief and safeguards.
NCLT has allowed the impleadment of Manyata Reality in a Section 213(b) company investigation, finding its involvement necessary for a comprehensive adjudication.
The NCLAT has upheld the admissibility of the second SFIO report in proceedings under Section 212(14A) of the Companies Act, reaffirming the engagement of investigative reports in corporate governance.
ROC Coimbatore has imposed a ₹3.5 lakh penalty for failing to appoint an Internal Auditor under Section 138, highlighting the criticality of compliance with internal governance standards.
ROC Cuttack has imposed an ₹8 lakh penalty for the failure to appoint required Independent Directors under Section 149 of the Companies Act, reflecting the regulatory emphasis on corporate governance.
A penalty of ₹4.5 lakh has been imposed by ROC Kolkata for the non-filing of Form CSR-2, underscoring the importance of compliance with CSR requirements.