Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The Calcutta High Court has clarified that the pendency of NCLAT appeals is sufficient to prevent the Regional Director from allowing Hindusthan Glass to shift its head office.
The NCLAT set aside insolvency proceedings noting that misrepresentation of a borrower as a guarantor invalidates applications under Section 95 unless valid documentation is presented.
The NCLAT ruled that the Greater Noida Industrial Development Authority's claim as a secured operational creditor cannot exceed ₹6.79 crore as per the escrow allocation, emphasizing judicial finality in resolution plans.
The NCLAT has stayed insolvency proceedings against Religare Enterprises, finding group transactions circular and fraudulent. This ruling warrants a reconsideration of the prior admission order.
The Supreme Court has ruled that SEBI failed to prove allegations of fraud and market manipulation in RPL futures transactions, quashing the disgorgement order but upholding penalties for position-limit disclosure violations.
IBBI has standardized formats for filing complaints and claims to ensure uniformity and transparency in the grievance-handling process.
The CCI has opened an investigation into beauty pageant contracts that appear to include anti-competitive restrictive clauses impacting participants' professional engagements.
The IBBI has introduced amendments to the CIRP regulations aimed at reducing insolvency disputes through improved disclosures and claim communication processes.
The IBBI has amended several insolvency regulations to implement the Insolvency and Bankruptcy Code (Amendment) Act, 2026. Key changes include new requirements for disclosure and grievance handling.
The Reserve Bank of India has amended the directives on Income Recognition, Asset Classification, and Provisioning for All India Financial Institutions to strengthen financial reporting standards.
The Tribunal has clarified that the limitation period for invoking guarantees begins with the demand notice, not the classification of NPA, affecting timelines in corporate insolvency resolutions.
The Competition Commission of India has initiated a probe into five-year restrictive clauses in beauty pageant contracts that allegedly hinder participant mobility. The matter will now be investigated by the Director General.