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AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.

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ROC Must Verify DIR-12 Documents Before Approval: P&H HC
Punjab and Haryana High Courtcorporatecompany_law

ROC Must Verify DIR-12 Documents Before Approval: P&H HC

P&H HC rules ROC must verify DIR-12 documents before approval. Mandates active scrutiny of director removal filings.

Oct 8, 2026Read more →
ROC Must Decide DIR-12 Complaints After Hearing: Calcutta HC
Calcutta High Courtcorporatecompany_law

ROC Must Decide DIR-12 Complaints After Hearing: Calcutta HC

Calcutta HC mandates ROC to decide DIR-12 complaints after hearing parties. Order underscores due process in directorship changes.

Oct 8, 2026Read more →
Consent Arbitral Award Does Not Extinguish Continuing Guarantee: NCLAT
NCLAT Delhiinsolvencybanking

Consent Arbitral Award Does Not Extinguish Continuing Guarantee: NCLAT

NCLAT held that a consent arbitral award does not discharge a continuing guarantee. Personal guarantor insolvency proceeding upheld; recovery credits required.

Oct 8, 2026Read more →
Revival Letters Extend Limitation for Section 7 IBC Petition: NCLT Ahmedabad
NCLT Ahmedabadinsolvencycorporate

Revival Letters Extend Limitation for Section 7 IBC Petition: NCLT Ahmedabad

NCLT Ahmedabad held that revival letters and financial statements toll limitation for IBC petitions under Section 7. Debt acknowledgment resets time for insolvency initiation.

Oct 8, 2026Read more →
Commercial Restructuring Defence Insufficient in Oppression Petition: NCLAT Delhi
NCLAT Delhicorporateinsolvency

Commercial Restructuring Defence Insufficient in Oppression Petition: NCLAT Delhi

NCLAT Delhi remanded a VCare oppression petition, holding that commercial restructuring does not preclude findings of unfair prejudice. Status quo on shares and assets restored.

Oct 8, 2026Read more →
CoC’s 75.46% Approval Upheld After Reconsideration: NCLT Mumbai
NCLT Mumbaicorporateinsolvency

CoC’s 75.46% Approval Upheld After Reconsideration: NCLT Mumbai

NCLT Mumbai upheld a resolution plan for Zicom Electronics with 75.46% CoC approval after reconsideration of valuation and feasibility. The tribunal found the revised plan compliant with IBC requirements and in the best interest of stakeholders.

Oct 8, 2026Read more →
RBI Amends Small Finance Banks’ Capital Adequacy Norms
Reserve Bank of Indiabankingcorporate

RBI Amends Small Finance Banks’ Capital Adequacy Norms

The RBI issued the Sixth Amendment Directions, 2026, revising capital adequacy norms for Small Finance Banks, specifically the requirement for clearing members to obtain legal opinions.

Oct 8, 2026Read more →
RBI Aligns Payments Banks’ Capital Norms with International Standards
Reserve Bank of Indiabankingcorporate

RBI Aligns Payments Banks’ Capital Norms with International Standards

The RBI issued the Third Amendment Directions, 2026, modifying prudential capital adequacy norms for Payments Banks, particularly concerning legal opinions for clearing members, to align with international practices.

Oct 8, 2026Read more →
RBI Amends Capital Adequacy Norms for AIFIs, Aligns Legal Opinion Requirement
Reserve Bank of Indiabankingcorporate

RBI Amends Capital Adequacy Norms for AIFIs, Aligns Legal Opinion Requirement

The Reserve Bank of India issued the Fifth Amendment Directions, 2026, revising capital adequacy norms for All India Financial Institutions (AIFIs), specifically amending the requirement for clearing members to obtain legal opinions.

Oct 8, 2026Read more →
RBI Finalizes CVA Framework, Amends SA-CCR Directions
Reserve Bank of India (Regulatory Directive)bankingfinancial_regulation

RBI Finalizes CVA Framework, Amends SA-CCR Directions

RBI issued final Directions on the Credit Valuation Adjustment (CVA) Framework and amended the Standardised Approach for Counterparty Credit Risk (SA-CCR), revising capital charge norms for commercial banks.

Oct 8, 2026Read more →
Section 124 Stay in Non-Use Cancellation: HC Split Deepens
Calcutta High Court, Delhi High Courtintellectual_property

Section 124 Stay in Non-Use Cancellation: HC Split Deepens

The Calcutta and Delhi High Courts have adopted conflicting approaches on whether Section 124 of the Trade Marks Act allows a stay of infringement suits during Section 47 cancellation proceedings. The split raises urgency for a uniform interpretation of 'rectification proceedings'.

Oct 8, 2026Read more →
Delhi HC Rules No Declaration Needed to Invoke Section 11(2)
Delhi High Courtintellectual_property

Delhi HC Rules No Declaration Needed to Invoke Section 11(2)

The Delhi High Court in ZARA v. ZORA held that a formal declaration under Rule 124 is not mandatory to invoke Section 11(2) of the Trade Marks Act, 1999. The ruling allows well-known status to be established through individual proceedings, raising questions over the role of Rule 124.

Oct 8, 2026Read more →
SEBI Mandates Risk Messages on Broker Platforms
Securities and Exchange Board of Indiacorporateconsumer

SEBI Mandates Risk Messages on Broker Platforms

From November 2026, SEBI mandates display of investor awareness and risk disclosures on brokers' websites and trading apps.

Oct 8, 2026Read more →
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