AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
SEBI has proposed significant reforms to IT regulations regarding trading software, focusing on modernizing compliance processes and enhancing operational efficiency.
SEBI's recent reforms reclassify REITs as equity instruments and ease operational requirements for InvITs, aiming to enhance market efficiency. However, some key regulatory issues remain unresolved.
SEBI has formed an Expert Working Group to examine and enhance the regulatory framework governing Debenture Trustees. The initiative aims to strengthen trustee responsibilities and align regulations with the evolving dynamics of the debt market.
The Supreme Court clarified that service classification disputes must be resolved by statutory authorities, reinstating notices previously set aside by the High Court.
The NCLT admitted a Section 7 IBC application, emphasizing that debt acknowledgments in balance sheets and an OTS proposal kept the application within the limitation period.
India's CSIR and Brazil’s INPI have collaborated on access to the Traditional Knowledge Digital Library, a development with implications for global biodiversity governance and patenting practices.
The Karnataka High Court has upheld the criminal proceedings against a travel agent involved in renewing a passport for an alleged terrorist. The judgment emphasizes the seriousness of aiding terrorism.
The Karnataka High Court expressed that the involvement of politicians and public servants in heinous crimes is rare. This statement came during the hearing of an appeal by former MLA Vinay Kulkarni against his life sentence for the murder of BJP leader Yogesh Gowda.
The RBI has implemented the Credit Derivatives Directions, 2026, establishing a detailed regulatory regime for credit derivatives, enhancing operational guidelines for participants.
India has broadened the scope for foreign nationals to invest in its stock market, enhancing portfolio investment access while maintaining regulatory safeguards.
The RBI has published draft Master Directions aimed at enhancing liquidity in the money market, inviting stakeholder feedback until July 17, 2026. The proposed measures are expected to broaden market participation.
The newly introduced Schedule VDA in the Income Tax Return (ITR) framework focuses on transaction-wise reporting of income derived from cryptocurrencies, NFTs, and other Virtual Digital Assets (VDAs), which are taxable at 30% under Section 115BBH.
The NCLT has initiated the Corporate Insolvency Resolution Process (CIRP) against Utkal Steels, confirming that the guarantor's liability corresponds directly with that of the principal borrower.