Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The RBI has introduced reporting measures for FCNR(B) deposits and External Commercial Borrowings as part of its strategy to enhance capital inflows amid current economic conditions.
The CDSCO has initiated scrutiny over brand name extensions by pharma companies, signaling potential regulatory changes in the industry.
The Himachal Pradesh High Court recently ruled that isolated 'trap purchases' in a patent infringement case cannot establish jurisdiction. This decision reinforces the need for substantive connections in IP litigation.
RBI's draft guidance emphasizes the importance of board oversight and data governance as foundational elements for responsible AI deployment within financial institutions. This is part of a broader initiative to ensure accountability in data usage.
The Reserve Bank of India (RBI) has canceled the registrations of 135 non-banking financial companies (NBFCs) under Section 45-IA. This action reflects ongoing regulatory scrutiny and adherence to the 'SBR framework' for ensuring cooperative and healthy practices within the sector.
Khaitan & Co has facilitated a Composite Scheme of Arrangement for the amalgamation of Woodlands Multispeciality Hospital and RPSG Ventures Limited.
The NCLT has accepted a Section 7 insolvency plea by Indian Overseas Bank against a toll road company following a ₹117.74 crore debt default.
The Orissa High Court ruled that a corporate debtor cannot be criminally prosecuted for environmental violations occurring before the initiation of Corporate Insolvency Resolution Process (CIRP) once a resolution plan is approved and a new management is in place.
SEBI's recent amendments to the Alternative Investment Fund (AIF) Regulations revise fees, filing requirements, and the process for funds available to Accredited Investors. These changes are set to enhance regulatory clarity and efficiency.
SEBI has issued a warning to regulated entities and listed companies regarding impersonation scams where fraudsters pose as CEOs or MDs. Entities are advised to implement verification protocols for fund transfer requests and enhance cybersecurity measures.
NCLAT Delhi revives a Section 9 insolvency plea, confirming that an advance payment for goods constitutes operational debt.
NCLAT Delhi underscores that auditors must acknowledge interest liabilities, dismissing appeals against NFRA sanctions.