AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The NCLT Mumbai has ordered a director to refund rental income that was diverted through forged lease agreements, mandating the amount to be returned with 12% interest. This decision highlights the tribunal's stance against fraudulent conduct and its implications for corporate governance.
The Insolvency and Bankruptcy Board of India (IBBI) has imposed a three-year suspension on an insolvency professional for failing to disclose a conflict of interest during the resolution of a RERA-linked scheme. This highlights the regulatory body's commitment to uphold ethical standards in insolvency management.
The National Company Law Appellate Tribunal (NCLAT) has ruled that financial proposals in the Corporate Insolvency Resolution Process (CIRP) cannot be altered after the challenge process begins. This prevents any post-bid modifications that could undermine the resolution process.
The Reserve Bank of India has announced an auction for state government securities amounting to ₹18,600 Crore, allowing states to raise funds for various projects.
ROC Chennai penalized a company and its director for failing to include PAN and email IDs of allottees in Form PAS-3. This ruling underscores the stringent compliance requirements mandated by Rule 14(6) of the Companies Act.
Maharashtra Oil Extractions Limited has filed a draft red herring prospectus (DRHP) for an IPO raising ₹3,700 million, disclosing business operations, fund use, financials, and key risks including litigation.
Several state governments, including Assam, Bihar, and Rajasthan, will auction securities worth ₹22,200 crore via re-issuance of existing stock, primarily through price-based auctions.
The RBI has communicated new guidelines regarding the accounts of non-resident banks, necessitating updated lists and compliance from AD Category-I banks. These changes influence the operational functions of authorized dealer banks.
The Reserve Bank of India has published the Reserve Money data for the fortnight ending August 31, 2026, crucial for monetary policy analysis.
The RBI has published foreign exchange turnover data for merchant and inter-bank transactions during several periods in August 2026.
On September 10, 2026, the RBI accepted ₹3,96,694 crore in the Overnight Variable Rate Reverse Repo auction. The cut-off rate was fixed at 5.24%.
SEBI proposes exempting listed issuers from mandatory appointment of merchant bankers for small-value private placements under Rs.10,000.
SEBI's Regulation 10(6) establishes a fixed tenure of five years for InvIT auditors but does not allow for shorter initial terms following the 2023 amendment.