AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
SEBI's recent circular operationalizes the ISIN-level freeze of promoter holdings during buy-back processes, mandating depositories to implement this framework by 1 August 2026.
SEBI has initiated a comprehensive review of Portfolio Managers Regulations. The proposed amendments include compliance measures, new investment avenues, and the integration of Mutual Fund Portfolio Management Services (MF-PMS), with feedback due by 13 August 2026.
SEBI seeks stakeholders' comments on a draft circular that proposes a streamlined Online Dispute Resolution (ODR) framework for the securities market. This includes revisions to the SCORES process and roles of Market Infrastructure Institutions (MII).
The Bombay High Court has set aside previous wilful defaulter orders, remanding the case for fresh proceedings due to violations of natural justice principles. Relevant material must now be disclosed, and reasoned orders issued.
The NCLT has ruled that the resolution professional can recover and preserve the assets of a corporate debtor during the corporate insolvency resolution process (CIRP), despite any existing arbitration agreements. This ruling clarifies asset recovery during insolvency proceedings.
The recently enforced India-Sri Lanka Tax Protocol aims to provide double taxation relief along with anti-abuse measures effective from FY 2027.
The Calcutta High Court quashed the wilful defaulter notice issued to SREI, citing non-compliance with RBI master circulars regarding the issuance of such notices.
The Karnataka High Court upheld the disqualification of a company from a tender process due to the director's tax default. The ruling suggests that de facto control by directors in tax compliance is crucial.
The National Company Law Tribunal (NCLT) has ruled that an arbitration agreement does not prevent the recovery of a corporate debtor's electric vehicle assets during the Corporate Insolvency Resolution Process (CIRP), leaving a claim of ₹1.14 crore open for separate adjudication.
The Uttarakhand High Court has dismissed a batch of writ petitions, stating that Section 5 of the Limitation Act cannot be applied to GST appeals filed beyond the four-month statutory deadline. The court emphasized that allowing such appeals would contravene legislative intent.
The Bar Council of India (BCI) has mandated immediate implementation of a circular concerning social media conduct, digital ethics, and professional responsibility for law colleges and State Bar Councils.
CCPA imposed a ₹10 lakh penalty on Amazon due to misleading information in its walkie-talkie product listings. This highlights the responsibility of e-commerce platforms to ensure compliance with consumer protection standards.
The CCPA has levied a ₹10 lakh fine on TradeIndia for failing to include mandatory disclosures in its walkie-talkie product listings. This ruling highlights the necessity of compliance with consumer protection regulations.