AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
NCLAT affirmed forfeiture of earnest money deposit and part payment after a successful liquidation auction bidder failed to complete payment as per terms.
NCLT Chandigarh admitted a Section 9 IBC application against SynergyByte for default of ₹1.06 crore in unpaid digital marketing dues, finding no pre-existing dispute.
NCLT Bengaluru confirmed India1 Payments’ selective reduction of share capital under Section 66, permitting partial investor exit subject to regulatory compliance with ROC, RBI, and FEMA.
NCLT Mumbai sanctioned Parle’s composite scheme involving two demergers and an amalgamation, with safeguards for Income Tax Department rights. The structure aims to streamline business operations.
NCLT Mumbai approved the amalgamation of Vidarbha Industries with Adani Power under Sections 230–232 of the Companies Act, 2013. The scheme preserves tax, stamp duty, and regulatory rights of the parties.
RBI consolidates and updates credit facility guidelines for Scheduled Castes and Tribes. Banks must ensure adequate credit flow and report progress under priority sector lending norms.
Amendment Directions, 2026, update the 2025 Master Direction for Small Finance Banks, mandating prior RBI approval for shareholdings of 5% or more. The framework enhances governance and financial stability safeguards.
RBI issues Amendment Directions, 2026, updating the framework for acquisition and holding of shares or voting rights in Local Area Banks. Prior approval is required for any stake exceeding 5%, aligning with prudential norms.
RBI mandates submission of the Non-Resident Deposits – Comprehensive Single Return (NRD-CSR) through the CIMS Sankalan Portal, replacing the XBRL platform. All Authorised Dealers must comply with the updated reporting mechanism effective October 1, 2026.
State governments, including Andhra Pradesh and Telangana, will auction securities totaling ₹25,100 crore in face value. The auctions are part of the RBI’s Benchmark Issuance Strategy to improve market transparency and investor clarity.
The interest rate for the Government of India Floating Rate Bond 2028 (FRB 2028) for the period October 4, 2026, to April 3, 2027, has been fixed at 6.45% per annum, based on the average yield of recent 182-day Treasury bill auctions plus a 0.64% spread.
The Reserve Bank of India conducted two overnight Variable Rate Reverse Repo (VRRR) auctions on October 5, 2026, under the Liquidity Adjustment Facility, totaling ₹2.5 lakh crore, to manage short-term liquidity. The first auction of ₹2 lakh crore saw a weighted average rate of 5.24%, with partial acceptance at the cut-off rate.
The Indian Patent Office’s Draft Guidelines for Examination of Pharmaceutical Patent Applications, 2026, have drawn sharp criticism for misquoting statutory provisions and creating uncertainty in patent prosecution. Experts call for substantial revision before finalization.