AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The NCLT has dissolved Oxygen Lifeline Retail following the successful resolution process under the IBC, confirming compliance with statutory requirements and e-auction of assets.
The NCLT has determined that the Employees' Provident Fund Organisation (EPFO) cannot lodge provident fund claims in corporate insolvency resolutions without prior statutory determination under the EPF Act.
The Reserve Bank of India announced the results of the underwriting auction for government securities held on May 22, 2026, determining cut-off rates for underwriting commissions due to primary dealers.
The Reserve Bank of India successfully conducted a 3-day Variable Rate Repo auction on May 22, 2026, allotting ₹81,590 crore at a cut-off and weighted average rate of 5.26%. This auction aims to manage liquidity in the financial system.
The Indian intellectual property community mourns the passing of Mr. Guruswamy Nataraj, founder of LCGN Advocates, recognizing his significant contributions to patent law.
The Madras High Court is set to consider the constitutional validity of a new Tamil Nadu law that restricts coercive recovery actions by money lending entities, amid petitions filed by various NBFCs.
Wingreens Farms has successfully completed a ₹120 crore Series D fundraise led by Ashish Kacholia, while concurrently acquiring Safe Harvest. Antares Legal advised on both transactions.
The RBI plans to conduct a USD/INR Buy/Sell Swap auction worth USD 5 billion on May 26, 2026, to enhance liquidity. This measure is critical for foreign exchange stability.
The RBI has issued revised draft amendment directions on the conduct of regulated entities in loan recovery and the engagement of recovery agents, reflecting stakeholder feedback.
The Indian intellectual property community mourns the loss of Guruswamy Nataraj, founder of LCGN Advocates, who had a significant impact through his practice in patent law.
The Calcutta High Court has reinforced the continuing rights of authors in connection with the exploitation of their works, reaffirming the intent behind the 2012 copyright amendments.
Courts have affirmed that distinct aspects of a single transaction may be taxed separately, allowing for different taxation scenarios without legal conflict. This principle aids in multilayered tax legislation.
The Calcutta High Court ruled that liability for motor vehicle tax arises only after a countersigned inter-state permit is granted. Tax demands made prior to countersignature were declared without jurisdiction.