AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
FeaturedRBI’s revised ECL framework and stressed-asset sale norms aim to enhance early detection of credit stress and facilitate faster resolution via ARCs and SNFA rules.
FeaturedThe RBI's Monetary Policy Committee raised the repo rate by 25 basis points to 5.50% and shifted to a 'calibrated tightening' stance to control inflation while maintaining growth at 7.1% for FY 2026-27. CPI inflation is projected at 5.2% for the fiscal year.
FeaturedSEBI passed a final order against Growpital and 30 linked entities for operating an unregistered Collective Investment Scheme and defrauding investors through pooled funds.
FeaturedSEBI proposes to replace the 2020 Portfolio Managers Rules with a comprehensive 2026 regulatory framework covering PRIM, derivatives, compliance relief, and client safeguards.
FeaturedNCLT admitted a ₹1.68 crore MUDRA CIRP petition, ruling that cancellation of RBI registration ended the Financial Service Provider exclusion under Section 247(1) of the Companies Act.
FeaturedNCLAT rejected Tata Capital’s claim over hypothecated assets, ruling it missed the 30-day deadline under Regulation 21A of the CIRP Regulations.
FeaturedNCLT ruled that pending winding-up proceedings do not preclude CIRP if liquidation has not reached irreversible stages, admitting a ₹1,526 crore insolvency petition.
FeaturedNCLT clarified that dissolution of a corporate debtor does not extinguish liability of promoters, directors, or guarantors, allowing recovery proceedings against them despite liquidation of the company.
FeaturedMultiple prudential amendments issued on October 7, 2026, streamline legal opinion and valuation requirements for clearing members across AIFIs, payments banks, small finance banks, and commercial banks, aligning with international standards.
FeaturedRBI has issued a circular prohibiting Authorised Dealers from allowing clients to rebook cancelled foreign exchange derivative contracts involving INR. The move aims to prevent speculative positioning and ensure orderly forex markets.
FeaturedNCLT admits ₹1.68 crore MUDRA insolvency plea, ruling RBI licence cancellation removes financial service provider exclusion under IBC.
FeaturedNCLAT rules secured creditor barred from claiming hypothecated assets after failing to file claim within 30 days under Regulation 21A of IBC.
FeaturedThe ICAI removed a CA's name for one year for failing to report material financial irregularities and going concern issues in a case involving ₹1,150 crore siphoning. The order underscores auditors' duty of diligence.