Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The NCLT ruled that absence of a separate postal receipt or acknowledgement does not invalidate a demand notice under Section 8 of the IBC, provided other proof of service exists. Service via registered post with postal indices suffices.
The National Company Law Tribunal (NCLT) held that leasehold rights in land constitute assets of a corporate debtor, allowing an interim application in insolvency proceedings. The ruling clarifies the scope of 'assets' under the IBC during liquidation.
SEBI has updated position limits for commodity derivatives and revised penalty provisions and definitions effective immediately. This move aims to enhance market integrity and compliance.
SEBI has released a consultation paper proposing revisions to director eligibility and operational protocols for key executive positions in Market Infrastructure Institutions (MIIs). This initiative aims to enhance governance standards in the sector.
The GST exemption on notebooks creates an inverted duty structure, affecting Indian MSMEs negatively against low-cost ASEAN imports. This article examines the implications for domestic manufacturers.
The NCLAT has set aside a Corporate Insolvency Resolution Process (CIRP) initiated based on defaults occurring during the COVID-19 period, reflecting statutory restrictions on insolvency filings during this period.
The National Company Law Appellate Tribunal (NCLAT) has set aside a resolution plan worth ₹135 crores, citing that the de-notification of Special Economic Zone (SEZ) land was incomplete and lacked necessary consents. This ruling emphasizes the importance of satisfying all legal requirements for land-use changes.
The Competition Commission of India has closed its antitrust investigation into Google following a statutory ban on online gaming. The CCI's decision reflects the impact of legislative changes on antitrust inquiries.
The RBI is conducting a comprehensive review of circulars issued under the Foreign Exchange Management Act (FEMA) since June 2000. The initiative aims to simplify and rationalise the regulatory framework for authorised persons.
The Delhi High Court reviewed jurisdictional issues related to an IP dispute between Hindustan Unilever and Kwick Living, highlighting the complexity of territorial jurisdiction in the digital age.
The Calcutta High Court ruled that hotels must obtain IPRS licenses to broadcast music in guest rooms, emphasizing copyright compliance in hospitality operations.
A CBI Court has convicted a bank manager and several borrowers for their involvement in a ₹2.82 crore cheating case related to CGTMSE loans. The decision highlights ongoing enforcement against financial fraud.