AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Ministry of Corporate Affairs has announced an extension for the Company Compliance Filing Scheme (CCFS), allowing companies additional time to regularise their overdue statutory filings at a reduced fee.
The Karnataka High Court instructed the resolution professional to approach the NCLT for appropriate relief regarding the proposed sale of Byju’s K3 assets, amidst ongoing disputes.
SEBI, RRU, and NISM have signed a tripartite Memorandum of Understanding to enhance securities market training, research, and innovation, focusing on cybersecurity and emerging technologies.
The Reserve Bank of India hosted its Third Conference of Registrars of Cooperative Societies on September 1, 2026, focusing on enhancing governance in cooperative societies. Key officials from the RBI and various state registrars participated in discussions aimed at strengthening cooperative governance.
The Delhi High Court's appointment of an amicus curiae to represent Vivek Oberoi emphasizes procedural questions in civil suits related to the right of publicity, amidst concerns of adequate representation.
The Calcutta High Court has quashed the classification of a cash credit account as a Non-Performing Asset (NPA), ruling that it did not meet the RBI's 90-day overdue criteria. This decision illuminates the enforcement of SARFAESI regulations in banking.
The Delhi High Court has ruled that importers utilizing forged duty credit scrips cannot claim protection as bona fide purchasers, affirming a customs penalty against such practices.
The Institute of Chartered Accountants of India (ICAI) has announced an extension to the bulk Unique Document Identification Number (UDIN) facility, enabling CAs to generate multiple UDINs for tax audits and assurance work.
NCLT admitted Canara Bank's insolvency plea of ₹119.64 crore, stating that the pending Corporate Insolvency Resolution Process (CIRP) for the principal borrower does not impede seeking insolvency against a corporate guarantor.
The NCLT has admitted a Corporate Insolvency Resolution Process (CIRP) after bank records established financial debt and default. This plea involved a total financial claim of ₹11.83 crore.
The Reserve Bank of India has imposed a monetary penalty of ₹2.03 lakh on Jai Bhawani Sahakari Bank for failing to adhere to KYC guidelines. This penalty is part of the RBI's efforts to ensure compliance among financial institutions.
The Reserve Bank of India will hold a second Variable Rate Reverse Repo auction on September 1, 2026, with a notified amount of ₹4,00,000 crore for a one-day tenor. The auction will take place from 11:00 AM to 11:30 AM.
The Delhi High Court's appointment of an amicus curiae for Vivek Oberoi poses questions about the role of amicus and procedural integrity in civil suits.