Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The NCLAT ruled that a formal loan agreement is not essential for establishing the existence of financial debt under the IBC, specifically affirming that repayable advances qualify as debt.
BNP Paribas Cardif has acquired a 26% stake in IndiaFirst Life Insurance Company, facilitated by Khaitan & Co and other legal advisors.
Section 3(m) of the Patents Act has started gathering attention due to recent patent actions. This article critiques the comparison of Section 3(m) with European Patent Law, outlining fundamental legal distinctions.
The Directorate General of Foreign Trade has digitized voluntary duty payment records, mandating that only payments reflected on its portal will be accepted after August 1, 2026.
The NCLT has dismissed an insolvency petition, stating that dues from separate group entities cannot be combined to meet the ₹1 crore threshold for initiating insolvency proceedings.
Khaitan & Co has provided legal counsel for Standex International's two-stage acquisition of Amran and Narayan Powertech. The firm navigated Indian foreign-exchange regulations and competition law during the transaction.
The Allahabad High Court has partially allowed an arbitration appeal, ruling that arbitrators cannot award claims that exceed the scope of the contractual reference.
The Supreme Court has restored an arbitral award holding a husband jointly liable for his wife's trading debts amounting to ₹1.18 crore, finding the relevant by-law applicable and free from patent illegality.
The Allahabad High Court has upheld an arbitration award of ₹126 crore in favor of Adani, rejecting a challenge to the tribunal's interpretation of the contract. The ruling indicates judicial support for arbitration as a means of dispute resolution.
In a key ruling, the Delhi High Court clarifies that GNOIDA does not qualify as a government authority under TDS provisions, protecting Sikka Infrastructure from adverse tax implications.
The NCLT has admitted a voluntary insolvency plea under Section 10 of the IBC, citing persistent financial distress and continuing defaults. This decision underscores the tribunal's reliance on financial stability criteria for insolvency.
SEBI's new buy-back freeze framework incorporates promoter trading restrictions at the ISIN level, marking a shift towards proactive compliance measures.