AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
Maharashtra Oil Extractions Limited has filed a draft red herring prospectus (DRHP) for an IPO raising ₹3,700 million, disclosing business operations, fund use, financials, and key risks including litigation.
Several state governments, including Assam, Bihar, and Rajasthan, will auction securities worth ₹22,200 crore via re-issuance of existing stock, primarily through price-based auctions.
The RBI has communicated new guidelines regarding the accounts of non-resident banks, necessitating updated lists and compliance from AD Category-I banks. These changes influence the operational functions of authorized dealer banks.
The Reserve Bank of India has published the Reserve Money data for the fortnight ending August 31, 2026, crucial for monetary policy analysis.
The RBI has published foreign exchange turnover data for merchant and inter-bank transactions during several periods in August 2026.
On September 10, 2026, the RBI accepted ₹3,96,694 crore in the Overnight Variable Rate Reverse Repo auction. The cut-off rate was fixed at 5.24%.
SEBI proposes exempting listed issuers from mandatory appointment of merchant bankers for small-value private placements under Rs.10,000.
SEBI's Regulation 10(6) establishes a fixed tenure of five years for InvIT auditors but does not allow for shorter initial terms following the 2023 amendment.
SEBI has modified the FPI Master Circular, exempting foreign portfolio investors (FPIs) investing solely in government securities from providing investor group details, effective immediately.
A recent overview details the pricing mechanisms for frequently traded shares under SEBI ICDR regulations, clarifying the methods for volume-weighted average price versus market price.
The NCLT has admitted a Corporate Insolvency Resolution Process (CIRP) in a case involving a ₹2.35 crore claim, affirming that evidence from invoices, TDS deductions, and part-payments substantiated the existence of operational debt.
In a recent judgment, the NCLAT rejected the admission of a claim for ₹1,885.08 crores as it conflicted with a previously adjudicated debt of ₹241.27 crores. The ruling emphasizes the importance of consistency in debt claims during insolvency proceedings.
The NCLAT has dismissed an appeal concerning interlocutory directions that enforced compliance with prior orders related to asset disclosure. The ruling asserts that compliance orders are not open to challenge if adequately justified.