AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
FeaturedSupreme Court upholds Section 212(6), allowing only authorized officers to file fraud complaints via SFIO, not private parties.
FeaturedThe Supreme Court has evolved the doctrine of mens rea in corporate criminal liability, moving beyond identification theory to attribute intent via decision-making hierarchies.
FeaturedNCLAT Delhi held advance payments for brokerage services constitute operational debt, making Section 9 IBC proceedings maintainable.
FeaturedNCLAT Delhi ruled that a non-supply dispute was sham as documents were provided pre-notice; upheld admission of Section 9 IBC application.
FeaturedSAT Mumbai quashes multiple SEBI penalties imposed pre-acquisition after IBC resolution, citing Sections 31 and 32A, affirming liability extinguishment upon plan approval.
FeaturedThe FEMA Export-Import Regulations, 2026, consolidate and update compliance requirements for exporters, covering EDF, EDPMS, third-party payments, and merchanting trade, effective 1 October 2026.
FeaturedThe Reserve Bank of India (RBI) has introduced a mandatory Export Declaration Form (EDF) for service exporters, effective 1 October 2026. The requirement aims to strengthen external trade reporting under FEMA, with monthly filings due within 30 days.
FeaturedRBI issues Amendment Directions, 2026, updating share acquisition and voting rights frameworks for Payments Banks, Small Finance Banks, Local Area Banks, and Commercial Banks. The revisions align with evolving ownership norms and risk governance expectations.
FeaturedUnion Budget 2026–27 introduces changes affecting cross-border M&A, buyback taxation, IFSC incentives, and sector-specific liquidity.
FeaturedRBI grants one-time approval for major shareholdings in Local Area Banks, Payments Banks, Small Finance Banks, and commercial banks for qualifying mutual funds, insurers, and pension funds.
FeaturedRBI revises acquisition norms for commercial banks, requiring prior approval and enhanced disclosure for significant shareholding changes.
FeaturedA Bengaluru special court remanded Ozone Group Chairman Vasudevan Satyamurthy to 14-day ED custody in a money laundering case involving ₹927.22 crores, after the agency alleged proceeds of crime linked to real estate projects.
FeaturedCalcutta High Court stays SFIO investigation into alleged misuse of HNGIL Provident Fund Trust; directs trial court to decide on interim relief.