AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Calcutta High Court has barred the regional director from permitting the Hindusthan Glass head office shift during pending appeals at NCLAT, clarifying the interpretation of relevant provisions.
The DGFT has expanded the Quality Control Order exemption for SEZ imports and mandated BIS compliance for domestic clearance.
The DGFT has introduced stricter regulations for silver imports, requiring valid import authorisation for agencies previously exempted.
The Delhi High Court permitted the withdrawal of a sugar supply recovery suit, stating that the settlement through an NCLT-approved IBC plan warranted a full refund of court fees.
The Calcutta High Court upheld its previous ruling on the diesel escalation clause, stating that it correctly applied legal principles regarding contractual obligations. The court ruled that it cannot rewrite contracts between parties.
The NCLT has approved a ₹17.25 crore resolution plan, stating that statutory obligations cannot be waived due to COVID-19-related disturbances. This ruling addresses the challenges during CIRP amid financial uncertainties.
The ITAT has ruled that payments made under Corporate Social Responsibility (CSR) fulfill the criteria for deductions under Section 80G of the Income Tax Act, provided all conditions are met.
A Superintendent of the Income Tax Office in Bhadrak, Odisha, has been apprehended by the CBI for allegedly demanding ₹4,000 as a bribe. The case highlights ongoing corruption issues within public offices.
The RBI will execute a Variable Rate Repo (VRR) auction on June 08, 2026, aimed at managing liquidity conditions in the market. The notified amount for the auction is set at ₹75,000 crore.
SEBI confirmed that renewable energy projects awarded through competitive bidding qualify as Public-Private Partnership (PPP) projects under InvIT regulations, emphasizing compliance with risk allocation standards.
SEBI proposed amendments to the framework for calculating Net Distributable Cash Flows (NDCF) for InvITs, incorporating enhanced safeguards and unitholder approval.
The NSE clarified that regulatory exemptions applicable to IBC Section 31 resolution plans do not extend to plans approved under Section 54L in the PPIRP framework, necessitating compliance with SEBI requirements.
SEBI has released a new Master Circular consolidating all previously issued AIF-related circulars into a unified compliance framework, enhancing regulatory clarity for Alternate Investment Funds.