AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
FeaturedRBI’s revised ECL framework and stressed-asset sale norms aim to enhance early detection of credit stress and facilitate faster resolution via ARCs and SNFA rules.
FeaturedThe RBI's Monetary Policy Committee raised the repo rate by 25 basis points to 5.50% and shifted to a 'calibrated tightening' stance to control inflation while maintaining growth at 7.1% for FY 2026-27. CPI inflation is projected at 5.2% for the fiscal year.
FeaturedThe Calcutta High Court quashed a transfer pricing order under Section 92CA(3) due to failure to grant a personal hearing and record reasoned findings, affirming procedural fairness in tax adjudication.
FeaturedSEBI passed a final order against Growpital and 30 linked entities for operating an unregistered Collective Investment Scheme and defrauding investors through pooled funds.
FeaturedThe RBI has updated the methodology for minimum capital requirements for counterparty credit risk in derivatives, aligning with Basel standards.
FeaturedThe Kerala High Court interpreted Section 100 of the Patents Act, 1970, permitting government use of a patented invention for public health, raising critical questions on access to medicine, patent rights, and pricing policy.
FeaturedSEBI proposes to replace the 2020 Portfolio Managers Rules with a comprehensive 2026 regulatory framework covering PRIM, derivatives, compliance relief, and client safeguards.
FeaturedSEBI has introduced a unified Common Advertisement Code for brokers, mutual funds, analysts, and portfolio managers. The code regulates promotional content, including celebrity endorsements, to prevent misleading claims and ensure investor protection.
FeaturedNCLT admitted a ₹1.68 crore MUDRA CIRP petition, ruling that cancellation of RBI registration ended the Financial Service Provider exclusion under Section 247(1) of the Companies Act.
FeaturedNCLAT rejected Tata Capital’s claim over hypothecated assets, ruling it missed the 30-day deadline under Regulation 21A of the CIRP Regulations.
FeaturedNCLT ruled that pending winding-up proceedings do not preclude CIRP if liquidation has not reached irreversible stages, admitting a ₹1,526 crore insolvency petition.
FeaturedNCLT clarified that dissolution of a corporate debtor does not extinguish liability of promoters, directors, or guarantors, allowing recovery proceedings against them despite liquidation of the company.
FeaturedCalcutta High Court quashed a transfer pricing adjustment order under Section 92CA(3) of the Income Tax Act, holding that failure to grant a personal hearing and record reasoned findings violates principles of natural justice.