AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Reserve Bank of India has issued a notification regarding the amendment of an entry in the UN Security Council's Taliban Sanctions List. Regulated entities must ensure compliance with the updated sanctions procedures under UAPA.
The NCLAT has rejected an appeal regarding the Insolvency and Bankruptcy Code as the filing was made beyond the 45-day limit, emphasizing lack of jurisdiction to condone such delays.
The NCLAT dismissed an appeal challenging interlocutory directions regarding asset disclosure compliance, affirming that the directions merely enforced prior undisputed orders.
The RBI has set the redemption price for the Sovereign Gold Bond (SGB) 2020-21 Series VI, allowing premature redemption with the next due date on September 08, 2026. Pricing will be based on the simple average of closing prices of gold from September 02-08.
SEBI suggests less scrutiny on AIF Trustees while raising concerns over its own enforcement record. This proposal calls attention to the balance between compliance and oversight.
SEBI's recent analysis of the PhysicsWallah IPO reveals insights on the confidential DRHP filing and significant market reactions. The study highlights QIB demand and the notable 33% listing gain.
SEBI issues guidelines on the regulatory framework and procedures for Non-Convertible Debentures (NCDs) issuance by listed entities. The guidelines include details regarding issuance conditions and compliance.
The Insolvency and Bankruptcy Board of India (IBBI) First Appellate Authority (FAA) ruled that there is no obligation to recreate publicly accessible CIRP records under the RTI Act, rejecting a claim for information.
Equifax Credit Information Services Private Limited has been fined ₹1,19,400 by the RBI for non-compliance with regulations on credit information updates.
The Reserve Bank of India has imposed a monetary penalty of ₹6.20 lakh on Hinduja Leyland Finance Limited for non-compliance with directives on microfinance loan pricing and securitisation standards.
The NCLT has rejected Ernst & Young's plea for a 1% success fee related to GST demand reduction, ordering the ICAI to investigate the matter further.
The RBI has mandated a half-yearly return for all scheduled commercial banks for reporting relief measures associated with areas affected by natural calamities through the Centralised Information Management System (CIMS) portal. This is aimed at enhancing accountability and transparency in disaster management efforts.
The Gujarat High Court has upheld the admissibility of a single complaint for dishonour of four cheques issued in connection with a single transaction, clarifying legal standards for cheque dishonour actions under the NI Act.