AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The NCLT Delhi has rejected an insolvency plea by Jiostar India, clarifying that unexecuted agreements do not constitute operational debt under section 9 of the IBC. The dismissal allows for recovery through other legal means.
The RBI has announced updates related to the implementation of UAPA regarding changes to the UNSC sanctions list, impacting compliance protocols for financial institutions.
The RBI has announced the formation of a new district in Assam and the assignment of lead bank responsibilities, reflecting administrative changes in the region.
The RBI has issued new guidelines for Authorized Dealer Category-I banks regarding the submission of returns on the Centralized Information Management System (CIMS), aiming to improve data management and oversight.
The interest rate for the Government of India Floating Rate Bond 2031 has been set at 6.64% per annum for the upcoming half-year. This is based on the average yield of prior T-Bill auctions.
The RBI has announced an auction for state government securities, offering an opportunity for investment in various states. The collective offering amounts to ₹14,800 crore.
The Standard Operating Procedure (SOP) clarifies that resolutions passed by circulation hold the same legal standing as those passed in formal board meetings, allowing for urgent decision-making.
The 2025 amendment updates the requirement for DIR-3 KYC compliance from annual filings to a triennial format, prompting critical changes in compliance for directors.
The ruling clarifies that accumulated losses do not preclude a company from issuing bonus shares from its Securities Premium Account, provided Section 63 conditions are met and there are no financial defaults.
The DGFT has operationalized the Certificate of Origin framework under the India-Oman CEPA by designating authorized agencies and updating procedural guidelines.
The RBI announced that the redemption for the SGB 2021-22 Series-III is allowable on June 08, 2026. The redemption price will be determined based on the average closing prices of gold.
SEBI issued a draft proposing limited relaxations on third-party payments in mutual funds, including compliance safeguards to enhance operational flexibility.
SEBI clarified that it does not consider cousins as ‘relatives’ under the Companies Act and LODR Regulations, allowing cousins of promoter-group members to serve as Independent Directors.