Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
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.
MCA has introduced amendments in CSR Policy Rules recognizing new channels for CSR implementation through Social Stock Exchange-listed NPOs.
New amendments by the MCA allow companies to use a portion of CSR funds through Zero Coupon Zero Principal instruments on the Social Stock Exchange.
The Madras High Court has ruled that show cause notices issued by officers not designated as 'proper officers' are void. This ruling quashes the DRI's show cause notice, mandating the return of bank guarantees to the petitioner.
The NCLAT has ruled that a misrepresentation of a borrower as a guarantor invalidates the application under Section 95 of the IBC. This decision mandates that future applications must be supported by valid guarantee documents to proceed.
The NCLT ruled that ongoing settlement discussions cannot impede the initiation of Corporate Insolvency Resolution Process (CIRP) if a default and operational debt are established. This sets a critical precedent confirming that discussions do not negate existing legal claims.
The NCLAT has ruled that GNIDA's claim as a secured operational creditor cannot exceed ₹6.79 crore, emphasizing the finality of resolution plans under the IBC. This decision highlights that public authorities must adhere to procedural norms and cannot contest settled plans post-judicial determination.