AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
FeaturedThe proposed Companies Law Amendment Bill, 2026 seeks to reform corporate governance and compliance frameworks, modernising the current legal structures within the Companies Act, 2013.
FeaturedSEBI proposes a revamped API-based framework to enhance trade processing efficiency by replacing the centralized STP Hub with direct connections between service providers.
FeaturedThe Supreme Court affirmed that shortfall payment clauses can be considered contracts of guarantee under the IBC, granting lenders Financial Creditor status.
FeaturedFollowing a majority vote by SBI to reject all resolution plans, the NCLT has declared liquidation mandatory under Section 33(2) of the IBC and appointed a liquidator to oversee the process.
FeaturedThe NCLAT has ruled in favor of SBI, confirming that Videocon's foreign oil and gas assets are to remain outside the Corporate Insolvency Resolution Process (CIRP) of Videocon Industries Ltd. and its affiliates, relying on the commercial wisdom of the Committee of Creditors.
FeaturedThe NCLT has ordered the liquidation of a corporate debtor after the Committee of Creditors (CoC) rejected both the extension of the Corporate Insolvency Resolution Process (CIRP) and the proposed resolution plan. This decision emphasizes the need for timely action within insolvency proceedings.
FeaturedThe US Department of Justice has moved to dismiss criminal charges against Gautam Adani and others, marking a significant development in the high-profile case.
FeaturedThe Delhi High Court delivers a significant decision in the ongoing litigation regarding standard essential patents, favoring Philips in a landmark verdict.
FeaturedSEBI has proposed significant amendments to the regulatory framework for exchange-traded derivatives, aiming to simplify compliance norms and eliminate outdated provisions through a consolidated consultation paper.
FeaturedIn a significant policy shift, SEBI has clarified that Infrastructure Investment Trusts (InvITs) can now exceed 49% loan-to-value (LTV) ratios for capital expenditure and debt refinancing. This circular is expected to enhance financial flexibility for infrastructure trusts.
FeaturedSEBI has published a revised Master Circular that consolidates surveillance-related directives aimed at ensuring compliance among stock exchanges, listed companies, intermediaries, and fiduciaries. Key enhancements include stricter insider trading compliance measures and automated restrictions on trading windows.
FeaturedThe Supreme Court has ruled that simultaneous Corporate Insolvency Resolution Process (CIRP) proceedings against both the principal debtor and its corporate guarantor are permissible under Section 60(2) of the IBC. This ruling supports the enforcement of banking rights in insolvency scenarios.
FeaturedGautam and Sagar Adani have consented to an $18 million penalty by the SEC regarding misleading statements, while not admitting to the allegations.