Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
FeaturedThe Bombay High Court has ruled that only the Securities and Exchange Board of India (SEBI) has the authority to prosecute front-running cases, reaffirming the Section 26 bar against other entities. This decision underlines SEBI's exclusive jurisdiction over such offences, highlighting the regulatory framework surrounding securities law.
FeaturedThe IBBI has revoked an Insolvency Professional's registration for facilitating fraudulent CIRPs and failing to disclose significant litigation.
FeaturedThe Insolvency and Bankruptcy Board of India (IBBI) has revoked the registration of an Insolvency Professional (IP) due to failures in investigating suspicious Corporate Insolvency Resolution Processes (CIRPs), valuation discrepancies, and potential fraudulent transactions.
FeaturedThe Tribunals Reforms Act 2026 establishes a National Tribunals Commission, revising appointments, conditions, and administration of tribunals to enhance efficiency and governance.
FeaturedThe Supreme Court ruled on the applicability of Section 7 of the Insolvency and Bankruptcy Code, allowing a financial creditor's plea based on acknowledgment of debt in balance sheets, despite limitations. This decision clarifies conditions under which acknowledgment can extend the limitation period for insolvency applications.
FeaturedThe Madras High Court's ruling in Novartis AG v. Venkata Narayana Active Ingredients delineates the evidentiary standards necessary to invoke the Bolar exemption for regulatory approval purposes. This clarification aims to mitigate burdens on manufacturers.
FeaturedThe central government has taken control of mine regulation by prohibiting states from imposing taxes on mines and minerals. The new legislation aims to establish uniform regulatory conditions for the mining sector across India.
FeaturedThe Bombay High Court ruled that post-facto approval by the NCLT under Section 33(5) of the IBC validates arbitration proceedings from the approval date onward, negating the claim of nullity from inception.
FeaturedThe Supreme Court has determined that money lending laws enacted by Kerala and Gujarat do not apply to RBI-registered Non-Banking Financial Companies (NBFCs), citing that the RBI Act, Chapter III-B provides comprehensive regulatory oversight for these entities.
FeaturedThe Bombay High Court ruled that the May 2026 amendment to the IBC, which excludes personal guarantors from the interim moratorium, is applicable to ongoing insolvency cases.
FeaturedThe NCLT has ordered the directors of Baid Industries to repay ₹5.14 crore for illegal asset transfers during the Corporate Insolvency Resolution Process (CIRP), imposing a 12% interest penalty.
FeaturedThe NCLT has initiated Corporate Insolvency Resolution Process (CIRP) against Comet Granito Pvt. Ltd. after the company defaulted under the Trade Receivables Discounting System (TReDS). This development opens the door for creditor claims under the IBC framework.