AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The NCLT has admitted a corporate insolvency resolution process (CIRP) against a Corporate Debtor, finding adequate evidence of operational debt, default, and acknowledgment of liability.
The NCLAT ruled that once a resolution plan is approved and has attained finality, challenges to it cannot be reopened. GNIDA's appeal was dismissed for attempting to re-agitate settled issues.
The RBI has mandated that banks submit FEMA returns through the Centralized Information Management System (CIMS), effective June 30, 2026. This move aims to streamline reporting processes for financial institutions.
The NCLAT ruled that banks cannot be held in wilful contempt for delays in the release of rolled-over non-fund based credit facilities under an approved resolution plan, citing bona fide interpretation disputes.
The Himachal Pradesh High Court has upheld a conviction for cheque dishonour, asserting that cash transactions above ₹20,000 do not invalidate the existence of debts under the Negotiable Instruments Act. The ruling clarifies the burden of proof in such cases.
The Reserve Bank of India has issued a second amendment for Credit Risk Management among Non-Banking Financial Companies, enhancing regulatory frameworks for risk management.
The Reserve Bank of India has released a second amendment directing changes to credit risk management among Regional Rural Banks, reinforcing risk assessment protocols.
The Reserve Bank of India has issued directions to Agency Banks regarding the disbursement of government pensions, setting clear guidelines and responsibilities. These provisions aim to improve efficiency and accountability in pension disbursement processes.
The Reserve Bank of India has published its Weekly Statistical Supplement, detailing liabilities and assets for April 2026. This will provide important financial insights for practitioners.
In <strong>Anamika Sood v. Google LLC & Saregama India Ltd</strong>, the Saket District Court ruled that Anamika Sood is the rightful owner of her song 'Ferrareee', marking an important decision in copyright ownership disputes.
The RBI has established annual reporting requirements for mutual fund Asset Management Companies (AMCs) regarding their foreign liabilities and assets for Balance of Payments statistics.
The article discusses legal risks and consequences for individuals engaged in money mule activities in India, highlighting potential prosecutions under various laws.
The RBI has amended FEMA regulations to replace NCLT references with 'Competent Authority,' broadening the scope of authorities recognized under the law for approving cross-border mergers.