AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
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.
FeaturedThe RBI has issued a Master Direction enabling credit derivatives and total return swaps for corporate bonds, post stakeholder feedback on its draft directions. This step marks a significant advancement in the corporate finance sector.
FeaturedThe RBI's recent directives expand the credit derivatives market by introducing new instruments, enhancing the range of hedging tools available to market participants.
FeaturedThe RBI has introduced new Credit Derivatives Directions to enhance the regulatory framework for credit derivatives, replacing the previous set of guidelines.
FeaturedThe Calcutta High Court has directed a strict six-month timeline for concluding the liquidation of 32 banking companies, noting the absence of legal barriers despite recent amendments.
FeaturedA US federal court declined to dismiss criminal charges against Gautam Adani and others, citing inadequate reasoning from the DOJ. This ruling underscores the scrutiny surrounding high-profile corporate investigations.