AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The IBBI has amended regulations to introduce nominee directors on the governing boards of insolvency professional agencies, aimed at improving accountability and oversight.
NCLT Mumbai has ruled that an arbitration clause in a memorandum of understanding does not prevent the initiation of Corporate Insolvency Resolution Process (CIRP) under Section 7 of the IBC when a financial default is proven.
The Bombay High Court emphasized the need for timely decisions in insolvency cases, directing NCLT to expedite JM Financial's ₹167 crore plea. The court's order underlines that delays undermine the purpose of the Insolvency and Bankruptcy Code (IBC).
The RBI has announced the issuance of the Foreign Exchange Management (Authorised Persons) Regulations, 2026, aimed at rationalising the framework for authorising persons under the Foreign Exchange Management Act.
The Reserve Bank of India issued the Fifth Amendment Directions concerning capital adequacy norms for commercial banks on May 8, 2026. This update is crucial for enhancing the financial stability of the banking sector.
The RBI has released the fourth amendment directions for Small Finance Banks regarding capital adequacy requirements, effective May 8, 2026. These amendments reflect the regulatory body's ongoing efforts to strengthen financial stability.
The Reserve Bank of India has announced amendments to the Prudential Norms on Capital Adequacy for Payments Banks, detailed in the second amendment directions issued on May 8, 2026. These changes aim to enhance the regulatory framework for financial stability.
The Reserve Bank of India (RBI) has issued a new circular outlining the operating framework for non-bank entities to facilitate outward remittance through Authorized Dealer (Category I) banks in India. This framework is part of ongoing regulatory amendments aimed at streamlining foreign exchange services.
The Reserve Bank of India has sanctioned the voluntary amalgamation of The Bhavani Sahakari Bank Ltd. with TJSB Sahakari Bank Ltd. in Maharashtra, effective May 4, 2026.
The Reserve Bank of India has released its 46th Half-Yearly Report on the management of foreign exchange reserves for the period ending March 2026, enhancing transparency in reserve management.
SEBI's proposed changes to Buy-Back Regulations aim to ease the compliance burden on listed companies by eliminating mandatory requirements, thus enhancing operational flexibility.
SEBI proposes changes to align securitisation norms for listed special purpose vehicles with RBI's existing directions, focusing on governance and disclosure enhancements.
SEBI's latest consultation paper seeks to enforce mandatory disclosures for municipal debt refinancing, enhancing investor transparency in the municipal securities market.