AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
FeaturedThe IBBI has suspended an Insolvency Professional for two years for misleading the court about the existence of a Committee of Creditors.
FeaturedThe article explores the interplay between the PMLA’s asset retention powers and IBC’s clean-slate protection for corporate assets during insolvency.
FeaturedThe IBBI has restructured liquidation regulations to prioritize the role of the Committee of Creditors, aiming to improve decision-making processes during bankruptcy proceedings.
FeaturedThe RBI has sanctioned the voluntary amalgamation of The Bhavani Sahakari Bank Ltd. with TJSB Sahakari Bank Ltd., effective May 4, 2026. This step reflects the RBI's regulatory approval under the Banking Regulation Act, 1949.
FeaturedFrom April 1, 2026, buyback proceeds will again be taxed as capital gains, allowing the deduction of acquisition costs. This reverts to a model that taxes net gains instead of gross receipts.
FeaturedThe India-Oman Comprehensive Economic Partnership Agreement (CEPA) is now operational, providing duty-free access for the majority of exports. This agreement enhances trade relations and market access for goods and services.
FeaturedThe Ministry of Corporate Affairs has expanded the definition of CSR to include subscriptions to zero coupon zero principal instruments, enhancing funding avenues for public welfare.
FeaturedThe MCA has amended the CSR Rules, recognizing Zero Coupon Zero Principal instruments issued by Social Stock Exchange-listed NPOs, creating new implementation channels for CSR.
FeaturedThe Ministry of Corporate Affairs has amended CSR guidelines to include investments in Zero Coupon Zero Principal Instruments as valid CSR activities, enabling new funding opportunities for NPOs.
FeaturedThe Ministry of Corporate Affairs has reported that the IBC resolution process has facilitated creditor recoveries exceeding ₹4 lakh crore by March 2026, showcasing the effectiveness of the insolvency framework in India.
FeaturedThe Supreme Court clarified the scope of who qualifies as an 'expert' under Section 63(4) of the BSA, allowing wider certification for digital evidence.
FeaturedThe Supreme Court affirmed that states have the authority to regulate or prohibit betting on skill games, clarifying that Entry 34 encompasses all forms of betting and gambling.
FeaturedThe Gujarat High Court quashed income tax demands for liabilities preceding a resolution plan approval, asserting they were extinguished under the IBC. This decision impedes enforcement of pre-existing tax claims post-insolvency.