Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
FeaturedSEBI has published a revised Master Circular that consolidates surveillance-related directives aimed at ensuring compliance among stock exchanges, listed companies, intermediaries, and fiduciaries. Key enhancements include stricter insider trading compliance measures and automated restrictions on trading windows.
FeaturedThe Supreme Court has ruled that simultaneous Corporate Insolvency Resolution Process (CIRP) proceedings against both the principal debtor and its corporate guarantor are permissible under Section 60(2) of the IBC. This ruling supports the enforcement of banking rights in insolvency scenarios.
FeaturedGautam and Sagar Adani have consented to an $18 million penalty by the SEC regarding misleading statements, while not admitting to the allegations.
FeaturedThe Supreme Court dismissed Byju Raveendran's appeal related to the NCLAT's decision and instructed an expedited inquiry against the Interim Resolution Professional (IRP). The Court emphasized the necessity for the ongoing investigation to proceed without delay.
FeaturedThe Reserve Bank of India has canceled the Certificate of Registration for 150 non-banking financial companies, emphasizing regulatory compliance and the importance of maintaining operational standards.
FeaturedThe Delhi High Court's pro-tem order in Malikie v. Xiaomi introduces confusion into standards for assessing Standard Essential Patents (SEPs), indicating a misstep in legal reasoning that may impact future adjudications.
FeaturedSEBI has proposed comprehensive amendments to the Buy-Back Regulations, reintroducing open market buy-backs and simplifying compliance requirements to enhance investor protections.
NCLT directed the convening of equity shareholders and unsecured creditors' meetings while dispensing with other meetings as part of a scheme of arrangement. The order provides for necessary procedural directions.
NCLT Mumbai approved meetings for shareholders and creditors of Delta Corp for a proposed business separation. The order outlines procedures for a composite demerger and amalgamation scheme.
The RBI has implemented a new multi-cycle credit reporting framework for Non-Banking Financial Companies (NBFCs). The new regulations mandate more frequent reporting cycles and enhanced compliance requirements.
The NCLT has reclassified a Yes Bank loan, originally secured by promoters' property, as unsecured debt in an insolvency proceeding against Roofco Trading.
The NCLT has initiated Corporate Insolvency Resolution Process against a paper mill due to ₹1.25 crore operational debt, underscoring the absence of a genuine dispute.