AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Reserve Bank of India has announced an amendment regarding the identification of Non-Banking Financial Companies (NBFC-UL) and inclusion of government-owned entities in this classification.
The Reserve Bank of India has expanded the rules for Special Non-Residential Rupee Accounts (SNRR) to include transactions from the International Financial Services Centres (IFSC).
The NCLT has admitted an insolvency petition based on acknowledged debt in balance sheets, allowing the bank to proceed with CIRP despite earlier limitation objections.
The Karnataka High Court has disposed of a writ petition seeking recovery under RERA against a company under insolvency, granting liberty to revive the petition based on NCLT outcomes.
NCLAT has upheld the extension of liquidation proceedings, confirming that the trustee may continue their responsibilities beyond the age limit provided by Regulation 7A. The appeals against this extension were dismissed.
The RBI has issued the Second Amendment Directions for Non-Banking Financial Companies regarding the presentation and disclosure of financial statements, enhancing regulatory compliance requirements.
SEBI proposes a comprehensive overhaul of its Master Circulars to enhance compliance efficiency for exchanges and clearing corporations.
SEBI has proposed a Common Advertisement Code aimed at replacing the multitude of entity-specific codes. This framework intends to streamline compliance and bolster investor protection.
The Gauhati High Court upheld the seizure of areca nuts valued at ₹2.22 crore, citing lack of necessary documentation at the time of interception.
The NCLT upheld a winding-up petition filed by a Senior Assistant Director of SFIO, confirming the valid authorization by the Central Government.
The NCLT approved NSE Academy's selective capital reduction amounting to ₹241.32 crore, allowing repayment of excess preference capital under Section 66 of the Companies Act.
The RBI's June 2026 Bulletin indicates the Indian economy's growth at 7.8% in Q4:2025-26, driven by private consumption and fixed investment amidst ongoing global tensions.
Guidelines have been issued regarding the audit requirements for foreign subsidiaries while filing the Annual Performance Report under FEMA. These details are crucial for compliance.