AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The NCLT ruled that fraud allegations made after a demand notice do not constitute a pre-existing dispute to negate the CIRP process against Montecarlo Ltd.
The Calcutta High Court permitted a Rs 60 lakh consultancy claim by emphasizing the performance of services despite the absence of a formal contract, invoking principles of quantum meruit.
SEBI's latest amendments to the Buyback Regulations of 2026 restore the stock exchange route for buybacks, mandate shareholder notifications, and optional appointment of Merchant Bankers. These changes clarify procedures for public companies looking to repurchase their shares.
SEBI has announced the extension of Systematic Withdrawal Plan (SWP) and Systematic Transfer Plan (STP) standing instructions for demat mutual fund units, with implementation set to begin by January 31, 2027. This development aims to enhance investor convenience and operational efficiency.
NCLT Mumbai allows a waiver under Section 244 and permits the continuation of an oppression and mismanagement petition.
Karnataka HC clarifies that disqualifications under Section 164 do not vacate a director's office in a defaulting company.
NCLT Mumbai denies Jet Lite employees' claims to be treated as Jet Airways workmen in the company's liquidation process.
NCLT Kochi disallowed amendments to a company petition that introduced new causes of action, clarifying boundaries defined by Rule 155 of the NCLT Rules.
The Reserve Bank of India has announced a Variable Rate Repo auction for July 20, 2026, aimed at managing liquidity in the banking sector.
The Reserve Bank of India has published comprehensive data on Overseas Direct Investment for June 2026, detailing investment flows and regulatory actions.
The CDSCO invites comments on the use of brand name extensions by pharmaceutical companies amidst concerns of misleading practices.
The Karnataka High Court remanded PMLA attachment proceedings after determining that the petitioner's objections were not adequately addressed by the Adjudicating Authority. This ruling emphasizes the necessity for authorities to consider all submissions during proceedings.
The Calcutta High Court set aside a recovery decree issued during the IBC Section 96 interim moratorium, holding the suit was barred under Section 96(1)(b)(ii). This reinforces the protective nature of the moratorium against creditor actions.