AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
FeaturedThe Supreme Court ruled that judicial decisions relying on AI-generated or fictitious precedents are unsustainable, mandating fresh adjudication under Section 7 of the Insolvency and Bankruptcy Code (IBC).
FeaturedBank of Baroda has reached a $600 million out-of-court settlement regarding its exposure in the NMC Health fraud case without admitting liability, closing insolvency proceedings in both Abu Dhabi and London.
FeaturedSEBI's new fast-track Alternative Investment Fund (AIF) framework transfers responsibility for approvals from regulators to fund managers and merchant bankers, impacting compliance and risk management practices.
FeaturedThe Calcutta High Court ruling raises critical questions about the governing of algorithmic systems under existing statutory provisions.
FeaturedSEBI has launched a fast-track framework for Alternative Investment Funds (AIFs), transferring regulatory responsibilities from pre-approval to merchant bankers and fund managers. This shift has implications for compliance and investor protection.
FeaturedBank of Baroda has agreed to a $600 million settlement to resolve litigation relating to the NMC Health fraud case, concluding ongoing insolvency proceedings in Abu Dhabi and London without admitting liability.
FeaturedThe Bombay High Court ruled that deemed conveyance under the Maharashtra Ownership Flats Act, 1963, takes precedence over the IBC moratorium, eliminating the developer's title post-sale of flats.
FeaturedThe 2026 FEMA third amendment significantly expands portfolio investment eligibility beyond NRIs and OCIs, allowing all individuals resident outside India to invest in Indian markets. This change also increases investment limits and implements stricter approval norms.
FeaturedIn a significant ruling, the NCLT noted that a guarantor's liability should mirror the principal borrower's responsibilities. This principle was reaffirmed during the initiation of CIRP against Utkal Steels.
FeaturedSEBI has approved comprehensive reforms affecting securities processes, including mutual funds and municipal bonds, aiming to enhance compliance and investor protection.
FeaturedThe Calcutta HC ruled that unsuccessful efforts at recovering dues under IBC cannot lead to criminal prosecution, highlighting the distinction between civil and criminal proceedings.
FeaturedThe Calcutta High Court quashed a property attachment order under Section 107 of the BNSS, citing non-compliance with mandatory notice requirements and lack of a recorded reason to believe.
FeaturedShardul Amarchand Mangaldas and Cyril Amarchand Mangaldas have advised Krishna Institute of Medical Sciences on its ₹1,500 crore Qualified Institutions Placement. This transaction strengthens the financial position of KIMS in the healthcare sector.