AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The NCLT has ruled that claims for avoidance relief under Section 43 of the IBC are invalid without evidence demonstrating that preferential treatment was granted by the corporate debtor.
The Madras High Court held that a pending appeal before the NCLAT does not hinder PNB’s Swiss challenge auction of stressed assets. Compliance with RBI directives was confirmed.
The NCLT ruled that prior classification of a loan as a Non-Performing Asset (NPA) does not negate previous defaults. This establishes clarity in the applicability of defaults even during suspension periods.
The RBI has introduced modifications to the returns and reporting requirements under FEMA, aimed at enhancing compliance. These changes affect authorized persons handling foreign exchange transactions.
The RBI has conducted a review of circulars issued under FEMA, 1999, streamlining redundant directives. This initiative will assist authorized persons in better compliance and operational efficiency.
A comprehensive guide to Form DPT-3 as an annual compliance requirement for reporting deposits, detailing applicability and penalties for non-compliance.
This article outlines the necessary legal steps for incorporating a One Person Company under the Companies Act, including compliance requirements and nominee rules.
ICSI urges the Ministry of Corporate Affairs to enforce Section 203 compliance on eligible companies failing to appoint whole-time company secretaries.
The Calcutta High Court confirms that it can transfer pending winding-up proceedings at its discretion if they have not reached an irreversible stage.
The NCLT has ruled that consent letters alone are insufficient for dispensing with secured creditors' meetings, necessitating the continuation of such meetings.
A newly incorporated company cannot commence business or borrow funds until it fulfills specific filing requirements. Non-compliance may result in penalties under Section 10A.
Companies must file Form DPT-3 by June 30 for all deposits, including director loans and customer advances. This filing is crucial to remain compliant with the statutory requirements.
As of March 2026, India's external debt stands at USD 762.8 billion, reflecting an increase of USD 26.3 billion from March 2025.